Chesapeake focuses on well completions in Utica, Marcellus regions
Wednesday, February 22, 2017
Last week Chesapeake Energy Corp. announced a refocused strategy for 2017. Rather than drilling new wells in the Appalachia basin, the company will invest in completing existing natural gas wells.
According to The Business Journal, the company projects natural gas production to be stagnant through 2017, seeing volume increases in 2018.
In 2017, Chesapeake plans to increase its total number of rigs by 10 across its holdings, operating an average of 17. It will also spud and place 400 and 450 wells, respectively, into production, which is up from 213 and 428 in 2016.
Learn more: The Business Journal > Chesapeake to focus on Utica well completion
2 Comments
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.
What was outcome of law suit by farmer that had his royalty payments cut by selling the pipe to a sub division, that you had in Farm and dairy ?
I’m not sure which story you’re referencing. Can you give me more information about it — Pennsylvania or Ohio, County, oil company, etc? Anything else you could remember would be helpful in tracking down the story, and knowing if we did, or still need to do, a followup.