Chesapeake could return to 68 percent of its wells to refrack
Tuesday, June 2, 2015
Out of Chesapeake Energy’s 6,750 wells, 4,600 of them have the potential to be refracked. Investopedia reports that since the 4,600 wells, or 68 percent of all of its wells, were drilled before 2012, they weren’t drilled using the latest fracking technology, so they have the potential to be refracked.
In the past few years, fracking technology has improved, so well performance and production have improved. Refracking allows oil and gas companies to reap the benefits of returning to previously-fracked wells to have another turn at production.
Refracking has the potential to improve company revenue, so investors should keep an eye on trends in the months and years to come.
Via: Investopedia > Chesapeake’s Enormous Refracking Potential
More about refracking:
- Drilling companies focus on re-fracking to save money Feb. 14, 2015
- The shale industry’s newest technique: refracking Aug. 24, 2014
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