Mmcfe

Chesapeake Energy Corp. last week curtailed 7%, or around 240 MMcfe/d, of its gross natural gas and oil production at least through March because of “extraordinarily” low wellhead prices in the Midcontinent region. Another 10% of the producer’s drilling activity through the rest of this year may be slashed “if natural gas and oil prices remain low during the next few months.”

Chesapeake Energy Corp. has curtailed 7%, or around 240 MMcfe/d, of its gross natural gas and oil production at least through March because of “extraordinarily” low wellhead prices in the Midcontinent region. Another 10% of the producer’s drilling activity through the rest of this year may be slashed “if natural gas and oil prices remain low during the next few months.”

Double Eagle Petroleum Co. saw total net production of about 750 MMcfe in August, an increase of 20% from July and 186% from August 2007, the company said Thursday. It was the sixth consecutive month the company has achieved record production results.

Double Eagle Petroleum Co. saw total net production of about 750 MMcfe in August, an increase of 20% from July and 186% from August 2007, the company said Thursday. It was the sixth consecutive month the company has achieved record production results.

Linn Energy LLC has agreed to sell some Oklahoma acreage now producing about 12 MMcfe/d to Warburg Pincus-backed Laredo Petroleum Inc. for $185 million in cash. Linn Energy would retain the option to participate in future production.

Fort Worth-based Range Resources Corp. reported a 13% increase in oil and natural gas production in the second quarter over a year ago, to 264 MMcfe/d, the highest quarterly production in the independent’s history. The gas-weighted Range, whose recent acquisition of privately held Stroud Energy Inc. doubled its leasehold in the Barnett Shale (see NGI, May 15), said its drilling success has prompted it to raise its production target by 15% through 2007.

Fort Worth-based Range Resources Corp. reported a 13% increase in oil and natural gas production in the second quarter over a year ago, to 264 MMcfe/d, the highest quarterly production in the independent’s history. The gas-weighted Range, whose recent acquisition of privately held Stroud Energy Inc. doubled its leasehold in the Barnett Shale (see Daily GPI, May 12), said its drilling success has prompted it to raise its production target by 15% through 2007.

Bill Barrett Corp. of Denver set a production record in the first quarter, producing 13.1 Bcfe (146 MMcfe/d average). This is a 55% increase from the first quarter of 2005 and a 10% increase from last year’s fourth quarter. The vast majority of Barrett’s production is gas.

Bill Barrett Corp. of Denver set a production record in the first quarter, producing 13.1 Bcfe (146 MMcfe/d average). This is a 55% increase from the first quarter of 2005 and a 10% increase from last year’s fourth quarter. The vast majority of Barrett’s production is gas.