In a second quarter conference call, Geomet, Inc. said that they have drilled two new wells during the second quarter into the Chattanooga Shale. One vertical and one horizontal. They also refraced two previously drilled vertical wells using different technologies. They plan to drill two more horizontal wells later this year.

Atlas Energy Resources, LLC has four successful horizontal wells in the Chattanooga Shale of eastern Tennessee. These wells cost about $1.1 million each to drill and complete. They can produce 300 to 500 Mcf/day according to a recent press release.

CNX Gas Corporation reports drilling a successful well into the Chattanooga Shale and starting four more wells based upon the results. They have also leased about 235,000 acres above the Chattanooga Shale, mostly in Tennessee.

CNX Gas reports a successful well in the Chattanooga Shale. This was a horizontal completion that opened with a test rate of 3.9 MMcf per day and sustained production of 300-400 Mcf per day.