Chesapeake Energy's earnings conference call Tuesday included an update on its drilling plans, which call for cutting the number of rigs dedicated to dry natural gas from 47 to eight by 2013, but the trimming will happen outside the Barnett Shale. The Star-Telegram reported in May that the Oklahoma-based producer was reducing its active rigs in the Barnett from a dozen at the start of 2012 to just two by summer. Julie Wilson, Chesapeake's top officer in the field, said Wednesday that the company will stick with two rigs in the Barnett "for the foreseeable future." The Houston Chronicle's FuelFix blog has a report on Tuesday's conference call here.
-- Jim Fuquay
love this blog, keep the posts coming!
Posted by: drilling services | August 10, 2012 at 12:47 PM
Chk has scheduled to frack near the Cowboy Stadium on Aug 24 and flowback after the gaterhing line is in place early fall and they have time to purchase scrubbers for the OPEN hatch flowback tanks to be protecive of public health as our gas drilling ordinance requires the use of emission controls to minimize dust and odors. I am working with Senator Davis's staff to file for an Attorney General's opinion in whether this mandate for these scrubbers is appropriate for flowback operations in urban areas. Once NG goes back north of $5, the bar needs to have been raised to drill in our backyards.
Posted by: Kim Feil | August 10, 2012 at 07:17 AM