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Unconventional Yearbook 2018

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16 | January 2018 | hartenergy.com 2018 UNCONVENTIONAL YEARBOOK | KEY PLAYERS in the report. "Plans are to move one rig to Lea County, N.M, during the third quarter to begin development activity on its recently acquired GMT acreage." Centennial also expected to drill and complete 65 to 75 gross wells during 2017. Chesapeake Energy Corp. ■ About 870,000 net acres in The Wedge Play in the Midcontinent ■ About 270,000 net acres in the Eagle Ford Shale Chesapeake Energy has operations in Louisiana, Ohio, Oklahoma, Pennsylvania, Texas and Wyoming. "Chesapeake is currently utilizing 14 drilling rigs (below the third-quarter 2017 average of 17) across its operating areas, five of which are located in the Eagle Ford Shale, one in the Midcontinent area, three in the Haynesville Shale, three in the Powder River Basin [PRB] and two in North- east Appalachia," according to the company's third-quarter 2017 results. Chesapeake expected to average 14 rigs in fourth-quarter 2017 and to place on production about 20 fewer gross oper- ated wells in 2017. As of first-quarter 2017 the company had three rigs and three fracture crews in the Haynesville Shale in western Louisiana. In 2016 improved com- pletions designs led to a more than 250% increase in 90-day production. Chesapeake's Haynesville position is 100% HBP and only 25% developed, according to the company's website. In third-quar- ter 2017 the company reported 134 Mboe/d net production in the Haynesville, according to Chesa- peake's third-quarter results. Chesapeake expected to place on production up to 23 wells in the Haynes- ville Shale in second-half 2017, compared to 17 wells in the first half, according to the company's second-quarter 2017 results report. In the Eagle Ford Shale Chesapeake has about 270,000 net acres and expected to run three to four active rigs in 2017. Eagle Ford production consists of 56% oil, 19% NGL and 25% natural gas, according to the company's website. As of first-quarter 2017 the company has six rigs and three fracture crews in the Eagle Ford. In third-quarter 2017 the company Chesapeake Energy's Faith Ranch wells achieved peak production of about 18,000 boe/d in third- quarter 2017. (Photo courtesy of Chesapeake Energy Corp.)

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