Range Resources said its first quarter production rose 3.3% from last year’s first quarter to 154 MMcfe/d, of which 75% was natural gas, and the company is expecting even higher production in the second quarter.
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Chesapeake Adds 240 Bcfe of Midcontinent Gas Reserves
Chesapeake Energy added 240 Bcfe of proved Midcontinent gas reserves and 45 MMcfe/d of production through three acquisitions announced last Tuesday totaling $249 million, which will be paid in cash. The acquired assets have a reserves-to-production index of 14.2 years, are 81% natural gas and are 83% proved developed, the company said.
December 10, 2001
Chesapeake Adds 240 Bcfe of Midcontinent Gas Reserves
Chesapeake Energy added 240 Bcfe of proved Midcontinent gas reserves and 45 MMcfe/d of production through three acquisitions announced Tuesday totaling $249 million, which will be paid in cash. The acquired assets have a reserves-to-production index of 14.2 years, are 81% natural gas and are 83% proved developed, the company said.
December 5, 2001
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