Chesapeake: Significant increase seen in Utica production
Wednesday, August 13, 2014
Chesapeake Energy’s second quarter production was 373% higher than it was for 2013’s second quarter, as reported by The Business Journal.
Throughout the second quarter, Chesapeake had eight rigs and 48 wells in the Utica shale. In the Marcellus shale, the company increased production by 12% in the northern tier and by 67% in the southern tier. Due to the company’s higher rates of production, the cryogenic plant in Kensington, Ohio has been able to increase its capacity.
From The Business Journal:
“‘This incremental capacity will enable the company to connect more Utica wells to sales during the 2014 second half and begin to reduce its inventory of non-producing wells to a more normalized working level,’ the company said.”
Via: The Business Journal > Chesapeake production up, third phase at Kensington
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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.