Chesapeake increases Utica Shale production
Tuesday, May 22, 2018
Higher oil prices helped increase Chesapeake Energy Corp.’s Utica Shale oil and natural gas production during the three months ending March 31, 2018, according to The Youngstown Business Journal.
Chesapeake produced an average of 11,000 barrels of oil and 440 million cubic feet of natural gas per day from its Utica wells during the first quarter of 2018 compared to 8,000 barrels of oil and 380 million cubic feet of natural gas during the first three months of 2017, according to the company.
Chesapeake said it currently operates two rigs in the Utica region and placed 10 wells into production there during the first quarter.
Learn more: The Youngstown Business Journal > Chesapeake ups production in Utica Shale
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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.