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Chesapeake sees large potential in US plays

04/28/2008
A Jurassic Haynesville shale play in Louisiana, with only a few wells producing gas so far, could eventually be worth 7.5-20 tcf of recovery net to Chesapeake Energy Corp., the company said in late March.The 20 tcf figure depends on the company’s securing 500,000 net acres in the play, compared with the 200,000 acres it held in late March. Haynesville could have “a larger impact on the company than any other play in which it has participated to date,” said the large Oklahoma City independent.Chesapeake also has become involved in five unconventional oil projects, four of which were developed internally, in four states that range in size from 100,000 to 1 million acres an...
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