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CHK » Topics » Marcellus Shale and Lower Huron Shale Plays

This excerpt taken from the CHK 8-K filed Mar 24, 2008.
Marcellus Shale and Lower Huron Shale Plays
 
In addition to the increased drilling and leasing activity on the new discoveries and projects described above, Chesapeake plans to increase drilling and leasing activities in several of its existing shale plays discussed below.
 
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Fort Worth Barnett Shale (Greater Fort Worth Area):  Chesapeake is continuing its drilling and leasing program in the Barnett Shale, particularly in the Core and Tier 1 sweet spot of Tarrant, Johnson and western Dallas counties.  The company’s net natural gas production in the Barnett Shale is now approximately 450 mmcfe per day.  Chesapeake plans to increase its Barnett Shale drilling activity by five rigs, from 40 to 45 rigs by year-end 2008.
 
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Fayetteville Shale (Arkansas):  In the Fayetteville Shale, Chesapeake’s net natural gas production is now approximately 130 mmcfe per day.  The company plans to increase its Fayetteville Shale drilling activity from 12 rigs currently to approximately 25 rigs by early 2009 in response to the company’s recent 10% increase in expected estimated ultimate per well recoveries for horizontal Fayetteville Shale wells.
 
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Marcellus and Lower Huron Shales (Kentucky, West Virginia, Pennsylvania and New York):  Chesapeake owns a leasehold position of 1.6 million net acres in the Marcellus and Lower Huron Shale plays.  The company has drilled 26 vertical and horizontal Marcellus and Lower Huron Shale wells to date and plans to drill approximately 165 vertical and horizontal Marcellus and Lower Huron Shale wells in 2008 and 2009.
 
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