Energy / Hydraulic Fracturing

Chesapeake Energy shares some Ohio Utica production numbers

A Chesapeake Energy drilling rig rises about 130 feet above a noisy drilling pad that spans five acres in Carroll County

A Chesapeake Energy drilling rig rises about 130 feet above a noisy drilling pad that spans five acres in Carroll County

OKLAHOMA CITY, OK — “Chesapeake Energy Corp.’s  Ohio shale wells are producing just a fraction of what they could because the company is waiting for the completion of special plants to process the gases and oils.

In a conference call with analysts Monday,  Chief Operating Officer Steven Dixon,  acting CEO,  said the company has drilled 240 wells in Ohio’s Utica shale but is selling gas and oil from only 54 wells.

The company’s board of directors named Dixon acting CEO Friday. He replaces Aubrey McClendon, the flamboyant founder of the company who was forced out by shareholders.”

— John Funk, The Plain Dealer

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