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Chesapeake unconventional gas stake deep

03/02/2009
Chesapeake Energy Corp., Oklahoma City, reported an 11% increase in proved reserves to 12.1 tcf of gas equivalent in 2008 and detailed the depth of the company’s commitment to US unconventional gas.Chesapeake, which is operating 112 drilling rigs in the US, replaced 239% of its 2008 production.The company said it has leading positions in the four largest US shale gas plays—Haynesville, Marcellus, Barnett, and Fayetteville—in which it holds 2.44 million net acres and is producing a combined 870 MMcfd of gas.Further, Chesapeake holds 8.16 million net acres in other unspecified unconventional plays, from which it is producing 780 MMcfd.The company drilled 1,819 gross operat...
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