Chesapeake cements position in six onshore US gas plays

03/01/2010
Chesapeake Energy Corp., Oklahoma City, said its fourth quarter 2009 production averaged 2.44 bcfd of natural gas and 29,750 b/d of oil and natural gas liquids as the company cemented its position in six US gas plays, four of them shale plays.The company averaged 104 operated and 60 nonoperated rigs in 2009 and drilled 1,148 gross operated and 1,126 gross nonoperated wells.Chesapeake plans to average 32 rigs in 2010 to drill 175 wells in the Marcellus shale, where it ran 24 operated rigs as of mid-February. Land position is 1.6 million net acres in West Virginia, Pennsylvania, and New York for Chesapeake and a further 590,000 net acres for its partner, Statoil ASA.Chesapeake has drilled a...
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