Oil & Gas Pro

Chesapeake ramping up Haynesville drilling

This is good news. In a conference call the Chesapeake CEO announced that they ramped up drilling in the Haynesville shale play from 4 rigs to 8 rigs in the last quarter of 2013. The CEO had a lot of good things to say about this gas play being a world class asset and that they plan to optimize drilling it.

http://seekingalpha.com/article/2001141-chesapeake-energys-ceo-disc...

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Oil & Gas ProPermalink Reply by dbob on February 8, 2014 at 6:40

It might be good news for vendors, but ultimately its going to be an operator lots of folks are frustrated with.  

Reading between the lines, they are bringing rigs back because other areas they don't have enough gas gathering available at an attractive price.  

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