Chesapeake Energy Admits to Mistake
Monday, December 17, 2012
According to the Akron Beacon Journal, analyst, Time Rezvan of Sterne Agee, reported that Chesapeake Energy Corp. acknowledged that Ohio’s Utica shale extends further south than the company thought.
Read it:
In addition, the gas edge of the Utica shale play also extends further to the west than the company had anticipated, it said.
Chesapeake Energy’s management “acknowledges the company misjudged the emerging fairway of the Utica shale,” he wrote.
The results from wells in Guernsey, Belmon, Noble and Monroe counties may end up better than wells in Caroll and Columbiana counties.
Perhaps this is one of the reasons Gulfport Energy has the top four producting wells in Ohio.
» Via: The Akron Beacon Journal › Did Chesapeake err on Utica shale fairway in Ohio?
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