Playbooks Supplements

Unconventional Yearbook 2018

Issue link: http://yearbook.epmag.com/i/915048

Contents of this Issue

Navigation

Page 19 of 107

18 | January 2018 | hartenergy.com 2018 UNCONVENTIONAL YEARBOOK | KEY PLAYERS reported 93 Mboe/d net production in the Eagle Ford, according to Chesapeake's third-quarter results. Chesapeake expected to place on produc- tion up to 73 wells in South Texas in fourth-quarter 2017, compared to 31 wells in the third quarter, according to the third-quarter 2017 results report. In the Northeast Appalachia, which includes the Utica Shale and Marcellus Shale, Chesapeake's operations include two rigs and two fracture crews, as of third-quarter 2017. In the Utica, with 70% of locations remaining in development, Chesapeake planned to run one to two active rigs in 2017. About 93% of the company's dry gas in the Utica Shale is sent to Gulf markets, according to the com- pany's website. In third-quarter 2017 the company reported 120 Mboe/d net production in the Utica, according to Chesapeake's third-quarter results. In the Marcellus Shale the company has about 11.2 Tcf of net recoverable resources and 2,900 undrilled locations in the Marcellus. In third-quar- ter 2017 the company reported 126 Mboe/d net production in the Marcellus, according to Chesa- peake's third-quarter results. Chesapeake expected to place on production up to 17 wells in the Mar- cellus Shale in fourth-quarter 2017, compared to 25 wells in the third quarter, according to the third-quarter 2017 results report. In the Midcontinent Chesapeake's opera- tions include one rig and one fracture crew, as of third-quarter 2017. The company has about 870,000 net acres in The Wedge Play, with 1,400 additional upside locations, and about 1.5 million net acres in the entire Midcontinent region, accord- ing to the company's website. In third-quarter 2017 the company reported 56 Mboe/d net production in the Midcontinent, according to Chesapeake's third-quarter results. In the PRB Chesapeake is one of the largest oper- ators in the basin with gross recoverable resources potential of about 2.7 Bboe. The company's PRB operations include three rigs and one fracturing crew. In Wyoming's Southern PRB Chesapeake has mul- tiple stacked and staggered liquids-rich formations underneath its consolidated leasehold position. This includes a dominant position in the Sussex Sand- stone oil play, with about 200 undrilled locations, the company said on its website. In third-quarter 2017 the company reported 13 Mboe/d net production in the PRB, according to Chesapeake's third-quarter results. The company expected to place on produc- tion up to 11 wells in fourth-quarter 2017, compared to seven wells in the third quarter, according to the third-quarter results report. Chevron ■ Ranked No. 45 on the 2017 list of Fortune Global 500 companies ■ Largest net acreage holder in the Permian Chevron has operations in the shale and tight resources of the U.S. with major capital projects in the Marcellus and Utica, Permian Basin and the San Joaquin Valley. In the Permian Basin Chevron has about 2 mil- lion net acres, making it the largest acreage holder in the basin, according to the company's website. The company reported 2016 production of 90,000 net bbl of crude oil, 327 MMcf of natural gas and 29,000 bbl of NGL in the basin as well as reserves of 9 Bbbl of oil and equivalent gas. "Our development of oil and natural gas from tight rock and shale assets is focused on the Permian Basin in Texas and New Mexico, and the Duvernay Shale in Alberta, Canada. In other basins, such as the Marcellus Shale in Pennsyl- vania and West Virginia, and the Liard and Horn River basins in British Columbia, Canada, we are focused on identifying the areas most prospective for development and bringing those resources to production safely and cost effectively," the com- pany stated on its website. In addition, Chevron has had a presence in California's San Joaquin Valley for more than 100 years. San Joaquin Valley's heavy oil makes up about 86% of Chevron's production, according to the company's website. The company's San Joaquin Valley business unit has operations in several fields, including Coalinga, Cymric, Kern River, Lost Hills, McKittrick, Midway Sunset and San Ardo, and a non-operated joint venture in Elk Hills. With more than 16,000 wells in operation, Chevron ranks No. 1 in net daily oil equivalent production in Califor- nia, according to the company.

Articles in this issue

Links on this page

Archives of this issue

view archives of Playbooks Supplements - Unconventional Yearbook 2018