Sign Up Now!
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
Chesapeake Energy Corp
November 2011 Investor Presentation
| Jeffery L Mobley | Page 14 of 11 |
February 26, 2015
View in Results
[Key Wells & Discoveries]
View Full Document
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
May 2011 Investor Presentation November 2011 Investor PresentationCHK?s Newest Major Discovery ? Li q uids Rich Ohio Utica Shale q Immature Oil Window Wet Gas Window Dry Gas Window Began leasing in Ohio for Utica in mid-2010 now have: 1.36 mm net acres of leasehold, by far the largest position in industry(1) ~50% of the potentially drillable acres 50 miles ~50% of the potentially drillable acres Extensive well log and petrophysical data as well as 11 proprietary core wells totaling ~4,000 feet of rock Spudded 19 horizontal wells to date, 8 being completed Strong initial drilling results from 7 horizontal producing ~2 Strong initial drilling results from 7 horizontal producing wells in the wet gas and dry gas phases Early in the process of evaluating the oil phase ~75% of CHK?s leasehold focused in wet gas and oil phases ~220 miles CHK is currently operating 5 rigs in the play Plan to increase operated rigs in the play up to 8 by YE?11, up to 20 by YE?12 and up to 30 by YE?14 Believe the p la y is likel y most analo g ous, but pyyg economically superior, to the Eagle Ford in South TexasMap source: Modified from Ro wan, 2006, Geological Survey 14(1)Pro forma for Utica Shale industry JV LOI announced on 11/3/11