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CHK » Topics » Barnett Shale

This excerpt taken from the CHK 8-K filed Oct 26, 2009.
Barnett Shale, Chesapeake’s gross operated daily production has recently exceeded 1.0 billion cubic feet of natural gas (bcf) from approximately 1,500 Chesapeake-operated wells.  Chesapeake made its first investment in the Barnett Shale in late 2004 with an 18,000 acre acquisition that included gross operated production of just 25 million cubic feet (mmcf) per day.  In less than five years, Chesapeake has become the second-largest producer of natural gas, the most active driller and the largest leasehold owner in the Core and Tier 1 sweet spots of Tarrant and Johnson counties.  In working to achieve this significant production milestone, Chesapeake’s Barnett team pioneered efforts in pad drilling, multi-stage fracture stimulation and urban drilling.

Two notable recent wells completed by Chesapeake in the Barnett are as follows:
·  
The Day Kimball Hill A1 in Tarrant County, TX achieved a peak rate of 16.4 mmcf per day and is expected to produce an average of more than 13.0 mmcf per day in its first month and exceed the previous monthly industry Barnett production record established by two Chesapeake-operated wells this summer that averaged more than 9.0 mmcf per day; and
·  
The Chaney 2H in Johnson County, TX achieved a peak rate of 10.0 mmcf per day.

In the
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