Chesapeake Energy Corp. has upped its asset strength in the Midcontinent region through several closed and pending acquisitions that added an estimated 135 Bcfe of proved reserves to its coffers. Current production from the properties is approximately 35 MMcfe/d, the reserves-to-production index is 10.6 years, 99% are natural gas and 75% are proved developed.
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Chesapeake Bulks Up in Midcontinent, Adds 135 Bcfe of Proved Reserves
Chesapeake Energy Corp. has upped its asset strength in the Midcontinent region through several closed and pending acquisitions that added an estimated 135 Bcfe of proved reserves to its coffers. Current production from the properties is approximately 35 MMcfe/d, the reserves-to-production index is 10.6 years, 99% are natural gas and 75% are proved developed.
June 25, 2003
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