Chesapeake Energy Corporation Announces Utica Shale Joint Venture

http://www.chk.com/news/articles/Pages/1626065.aspx

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Permalink Reply by mark ayers on November 3, 2011 at 5:57pm

Chesapeake Energy Corporation Reports Financial and Operational Results for the 2011 Third Quarter

11/3/2011 11:10 AM

http://www.chk.com/news/articles/Pages/1626070.aspx
2s72s0k9mm8gdPermalink Reply by 2s72s0k9mm8gd on November 3, 2011 at 6:00pm
Homer's information proves itself correct again. 10 rigs drilling 50 wells a year. Real close to what he told me: approx. 2 months per well per rig allowing a little buffer for delays.
0jw0dsu4txfuvPermalink Reply by 0jw0dsu4txfuv on November 5, 2011 at 12:44am
Let's hope so Glenn.
015334grltd9mPermalink Reply by 015334grltd9m on November 3, 2011 at 10:34pm
Totally mind boggling!  Never seen a local boom like this ,ever.  This area is on its way to being a powerhouse.  Notice how ten counties are mentioned.
0jw0dsu4txfuvPermalink Reply by 0jw0dsu4txfuv on November 5, 2011 at 12:44am
This play is still laregly undeveloped. Like the Marcellus it could dry and or if the govenment in Ohio taxes are too steep. Way to early to suggest a boom yet. Don't count your chickens just yet.
2s72s0k9mm8gdPermalink Reply by 2s72s0k9mm8gd on November 3, 2011 at 11:23pm

Awesome news for those lucky souls in Ohio! Wonder how far north they are talking pertaining to these 10 counties? Maybe Columbiana & Mahoning ? Mind boggling considering Lawrence County Pa only has 1 Utica Well so far that I know of.

Permalink Reply by Brett R Oxley on November 4, 2011 at 7:40am
They are already drilling in northern Mahoning County and look to be doing so in Trumbull soon.
015334grltd9mPermalink Reply by 015334grltd9m on November 4, 2011 at 7:56am
Brett, are you saying there are more than two rigs in Mahoning?
Permalink Reply by ron cadle on November 4, 2011 at 10:27am
pad near completion on calla in mahoning county
2s72s0k9mm8gdPermalink Reply by 2s72s0k9mm8gd on November 4, 2011 at 4:57pm
How long is a permit good for? Are they 1yr. or what?
Permalink Reply by Little Cougar on November 4, 2011 at 9:22pm
In Pa for horizontal Marcellus wells they are good for 1 year, and they can get an extension or a reissue to drill deeper. The marcellus permits are much more costly then for the traditional vertical well. I know because of the wells they are drilling in my unit.  It seems that they only go for permits if they are seriously drilling wells at least that is what EQT is doing.
2s72s0k9mm8gdPermalink Reply by 2s72s0k9mm8gd on November 4, 2011 at 11:36pm
Thanks Little Cougar !

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