Barnett Shale Chesapeake Energy Earnings
August 26th, 2008
Earnings Calls: Chesapeake Energy Earnings Call, Second Quarter 2008
… about $1.35 higher than in the Barnett. On average every square mile of Core and Tier 1 Haynesville Shale contains an average of 180 BCF gas in place. …
Barnett Shale Chesapeake Energy Earnings
Chesapeake Energy Corporation, an oil and natural gas exploration and production company, engages in the acquisition, exploration, and development of properties for the production of crude oil and natural gas from underground reservoirs. It also markets natural gas and oil for other working interest owners in properties it operate. Chesapeake Energy’s growth strategy combines an aggressive acquisition program with high organic growth from drilling new producing wells. Over the next two years, Chesapeake Energy Corporation should reap the benefits of its acquisitions, as it expands its drilling program and turns “unproved” and “possible” natural gas reserves into productive wells. Chesapeake Energy has already had success drilling in Dallas County, thanks to its seven wells on the 18,000 acres they lease around the Dallas-Ft.
