Chesapeake at a glance.

Chesapeake is the largest leaseholder in the Utica play, controlling about 1.3 million acres.

The company currently operates 10 rigs in the Utica fields and plans to average 13 rigs in 2012 and 22 rigs in 2013, according to its release, with its initial development focus the wet gas window.

“Chesapeake has drilled a total of 59 wells in the play, of which nine are currently producing, 15 are currently being completed, 15 are waiting on completion and 20 are waiting on pipeline infrastructure,” the company said.

“Three notable recent wells completed by Chesapeake in the Utica are as follows:

• The Shaw 5H in Carroll County achieved a peak rate of 770 bbls of oil, 180 bbls of NGL and 2.9 mmcf of natural gas per day, or approximately 1,440 boe per day;
• The Burgett 8H in Carroll County achieved a peak rate of 720 bbls of oil, 140 bbls of NGL and 2.1 mmcf of natural gas per day, or approximately 1,210 boe per day; and
• The Coniglio 6H in Carroll County, in a limited flow test before being shut-in to wait on a pipeline connection achieved a peak rate of 290 bbls of oil and 5.0 mmcf of wet natural gas per day, or approximately 1,125 boe per day at the end of the test.

“The company has a significant number of wells planned for the Utica oil window during the remainder of 2012 and is confident that it will have strong results based on its successful results in the oilier portion of the wet gas window, preliminary results from oil window testing and the results of certain of its competitors in the oil window.”

Chesapeake reported 2011 well production results April 2 to the Ohio Department of Natural Resources. The report consisted of five producing wells and four wells that have yet to come online but have extracted oil through brine water, a byproduct of the hydraulic fracturing process.

Information taken from The Business Journal, Youngstown, OH