Chesapeake haynesville. Phone: (757) 421-0095.
Chesapeake haynesville , Oklahoma City, expects to add a rig to its Haynesville shale operations in second-half 2024 if Gulf Coast LNG export plants are brought into service as planned. said Tuesday that it has agreed to the second of two planned divestitures of noncore assets in the Haynesville Shale, selling 41,500 net acres to an affiliate of Dallas Aug 3, 2022 · The company eyes 5-7% production growth in the Haynesville in 2023. Dec 22, 2016 · Chesapeake’s natural gas resource plays are the Haynesville/Bossier shales in northwestern Louisiana and East Texas, the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Aug 22, 2024 · Chesapeake Energy and Southwestern Energy plan to merge, combining strong natural gas production assets in the Marcellus and Haynesville basins. Chesapeake sold 20% of 550,000 net acres for $3. 8 trillion cubic feet of gas in the Upper Jurassic Haynesville Formation in onshore lands and State waters of the U. Chesapeake Energy will produce RSG using Project Canary's continuous on-site emissions monitoring technology and TrustWell™ certification process, which Feb 21, 2024 · With a leaner 2024 in mind, Chesapeake Energy will marginally reduce its rig totals in the Haynesville and Marcellus shale plays in the US to shave expenses, the Oklahoma City natural gas producer said Tuesday. New names and new deals continue to reshape the US shale sector. By Matthew Keillor, Editor, Enverus Intelligence® January 20, 2025. is going back to the future, agreeing Wednesday to pay $2. Feb 16, 2017 · Covey Park Energy LLC said it closed its acquisition of Chesapeake Energy Corp. In the Haynesville Shale in Louisiana, Chesapeake is currently utilizing three drilling rigs and placed four wells on production during the 2018 first quarter and expects to place eight wells on production during the 2018 second quarter and up to 25 wells for the Jan 11, 2024 · Chesapeake has targeted the Haynesville for growth in recent years given its close proximity to major LNG export facilities along the Louisiana and Texas Gulf Coast, robust pipeline takeaway Mar 6, 2023 · Chesapeake during the fourth quarter produced the equivalent of 20% of the daily average from Haynesville. 4 billion merger moves the Haynesville Shale one step further to a long-awaited consolidation, while investors see the deal shoring up the future of the natural gas producers, as well as the U. 3 • In February 2011, the Energy Chesapeake Operating: (1) submitted a 640 acre Haynesville unit application for Section 20 dated 3/24/10, (2) a Baton Rouge hearing on the application was held 5/4/10, and (3) the field order No. Tony Darden, Warden. , Oklahoma City, Okla. Mar 1, 2009 · One way Chesapeake added value to its Haynesville holdings was by selling a big piece. ’s preferential right to acquire 50% of the Haynesville properties. A multibillion-dollar spending spree to build an enormous U. Vine had not yet May 1, 2024 · Chesapeake’s Haynesville production is expected to drop from 1. Twenty-four companies in total held leases in Haynesville, with Chesapeake owning the largest share of them. In 2021, it bought newly public Vine Energy Inc. footprint ranked Chesapeake second only to Exxon for natural gas production in 2005. Jul 25, 2024 · Chesapeake Energy is adapting to a bear market, focusing on long-term growth with LNG exports and strategic decisions. 9bcfd. P. Media. Mike Jan 7, 2025 · Investor Relations. Chesapeake Operating: (1) submitted a 640 acre Haynesville unit application for Section 20 dated 3/24/10, (2) a Baton Rouge hearing on the application was held 5/4/10, and (3) the field order No. Chesapeake's net production in 4Q22 was approximately 4. 5B in Haynesville • Play just underway, data suggest 250TCS • Barnett had 50TCS, which is only 20% of Haynesville – • Our Haynesville shale in east Texas and northwest Louisiana. 2 billion for one of the Haynesville Shale’s biggest natural gas producers, Vine Energy Inc. As of December 2020, the number of working rigs is up 25% in the Haynesville since July 2019. Given current market dynamics, the company plans to Feb 6, 2024 · The $7. (Source: Chesapeake investor presentation) Gas demand to fuel U. 4 billion, all-stock purchase of Houston-based competitor Southwestern Energy Co. Sep 3, 2024 · Chesapeake Releases 2023 Sustainability Report. 1 Activity and well Chesapeake 2018-2023 Type Curve IP 30 25,541 MCFD EUR 12,748 MMCF 37. and Chesapeake Operating, L. N> is in talks to buy Chesapeake Energy Corp's <CHK. Surprisingly soon after bankruptcy, Chesapeake have acquired Vine Energy for $2. in Red River Parish, La. Chesapeake’s Q3 adjusted EPS came in at $5. and Southwestern Energy Co. Jan 11, 2024 · Chesapeake shareholders will own about 60% of the combined company, while Southwestern shareholders will own approximately 40%. S. DUG GAS+ Conference and Expo is the two-day event for all things natural gas, liquid natural gas (LNG), midstream and all related technologies with a focus on the gas-rich shale plays of the U. 290 Community Affairs - Haynesville Chesapeake Energy Apr 2023 - Present 1 year 9 months. Nov 4, 2022 · Chesapeake Energy Corp. A 2 section lateral would have a maximum allowable theoretical lateral length of approximately 9900’. Gauged on a 22/64-in. The company has been operating in the Haynesville Shale holding approximately Feb 22, 2023 · Chesapeake said it will drop two rigs in the Haynesville region that covers parts of Texas, Arkansas and Louisiana this year, and one rig in Marcellus shale of Pennsylvania and West Virginia. Apr 8, 2024 · For Chesapeake, acquiring Southwestern is not just a scale increase but also a strategic move to fortify its presence in key natural gas regions like the Marcellus and Haynesville basins. (collectively “the Chesapeake Defendants”). 2 billion. Attached is a Chesapeake map depicting their view of the outline of both the Haynesville Shale and Bossier Shale plays. Nick Dell’Osso, Chesapeake’s President and Chief Executive Officer, said, “We continue to execute our business as we prudently manage current market conditions and prepare Mar 7, 2023 · Chesapeake Energy Corp. are focusing the Oklahoma City-based company solely Nov 18, 2024 · Expand, which was formed in October from the merger of Chesapeake Energy and Southwestern Energy, discovered the original Haynesville play in late 2007 in northwestern Louisiana while it was Chesapeake. and Chesapeake Energy Corp. Phone: (804) 333-3577. At one point, Chesapeake owned rights to 16 million acres. 6 days ago · As the Haynesville Shale fairway covered much of Northwest Louisiana that had little or no prior drilling activity especially to depths down to the Haynesville formation, the opportunity to discover and produced hydrocarbons from formations and zones shallower than the Haynesville was lost. Nov 13, 2019 · Dallas Cowboys owner Jerry Jones' Comstock Resources <CRK. had leased acreages in Louisiana, bringing fame to the region. Amounts over $10, but under your minimum pay amount, are paid annually in July. EXCO financed the Haynesville acquisition under the company’s existing credit agreement. Nov 3, 2023 · Chesapeake believes its Haynesville gas production is well-positioned to capitalize on growing gas supply demand by Gulf Coast LNG projects. 12 Bcf/d in the second quarter. Do bear in mind that the Haynesville assets are a strategic play on a Aug 11, 2021 · Map of Cheaspeake's Haynesville acreage. Expand Energy Corp. Dec 15, 2023 · The Upper Jurassic (Kimmeridgian to Lower Tithonian) Haynesville and Bossier Shales of East Texas and northwest Louisiana are currently one of the most important shale-gas plays in North America, having high IPs, steep decline rates, EURs estimated at 3 to 7 Bcf per well of each formation, and play resources estimated together in the hundreds Chesapeake Operating: (1) submitted a 640 acre Haynesville unit application for Section 20 dated 3/24/10, (2) a Baton Rouge hearing on the application was held 5/4/10, and (3) the field order No. It was previously known as Chesapeake Energy Corporation. 4bn, forming an entity with a combined production rate of approximately 7. c. (SWN) on Thursday, Jan. AUGUST 11, 2021 . Chesapeake currently operates nine rigs — five in Haynesville and four in Marcellus. 1 billion barrels of conventional oil and 195. As long lateral wells have become the norm, companies forming new units in areas not previously developed have on occasion formed 2 section, 1280 acre units. Big production requires a big investment, and Chesapeake has put $4 billion into the play. Oct 20, 2023 · Kimmeridge has taken an active role in pushing Oklahoma City-based Chesapeake to pivot into a pure-play natural gas company focused on the Marcellus and Haynesville shale basins. 6 Bcf/d of Haynesville natural gas output in the near term as it waits for more pipe and LNG trains, it reported to investors this week. Oct 4, 2024 · Chesapeake Energy Corp. Feb 24, 2022 · On the environmental, social and governance (ESG) front, Chesapeake’s Haynesville gas is now 100% certified, with the Marcellus gas supply expected to achieve 100% differentiation by the end of Apr 13, 2021 · Project Canary and Chesapeake Energy Corp. has agreed to sell the leases on 41,500 acres in North Louisiana's Haynesville Shale for $465 million to an affiliate of Covey Park Energy LLC. 9 bcfd. 06 a share, up considerably from $2. Feb 22, 2024 · Currently, Chesapeake operates nine drilling rigs – five in the Haynesville basin and four in the Marcellus – and four frac crews, with two in each basin. 506 MMcf of gas and 231 bbl of water per day through fracture-treated perforations at 12,477-17,590 ft. In the Marcellus, it bolted on as well, picking up Chief E&D Holdings LP and Tug Hill Inc. The most common reason is because your account has not reached your minimum pay status. 3 Bcf/d of production in the Marcellus/Utica and the Haynesville and ready access to the Northeast and the LNG export market — assuming the merger Mar 14, 2024 · The Haynesville Shale play, located in northwestern Louisiana and eastern Texas, was recognized in March 2008. l. 1. Feb 8, 2024 · Chesapeake was a CV driller prior to the advent of the Haynesville Shale play but has not drilled any shallower formation wells since as far as I recall. 4 Bcf/d between 2023 and 2030, according to East Daley Analytics. After the Permian, the Haynesville is where most of the rigs are that are drilling horizontal wells. Given current market dynamics, the company plans to defer Apr 20, 2023 · Chesapeake is betting on the Haynesville and LNG growth to power results in 2025 and beyond. 58 Bcf/d, according to a research note by Tudor, Pickering, Holt & Co. The company drills primarily for natural gas in both the Marcellus and Haynesville shale plays. Last year, the firm privately lobbied Chesapeake to sell off and monetize its oily assets in the Eagle Ford Shale. 801 Sanderson Road Chesapeake, VA 23328. 19 Bcf/d of the 6. OKLAHOMA CITY, August 11, 2021 – Chesapeake Energy Corporation (NASDAQ:CHK) (“Chesapeake”) and Vine Energy Inc. Vine, which went public earlier this year, produced 945 MMcf/d in 1Q2021, versus 859 MMcf/d in 1Q2020. The Chesapeake Conference Call July 2, 2008 9:00am Chairman/CEO Aubrey McClendon (Summarized) • Win-win partnerships between Chesapeake and PXP - Great news for Chesapeake shareholders • Haynesville 4th largest gas field in the world • Chesapeake has invested $2. CHESAPEAKE ENERGY CORPORATION CONSOLIDATES Haynesville wITH At- Market acquisition of vINE ENERGY INC. Jan 11, 2024 · The proposed all-stock combination of Chesapeake and Southwestern will create an entity with more than 5,000 locations in Haynesville and Marcellus regions that today are producing about 7. 2 • In 2009, the Louisiana Department of Natural Resources reported that estimated that the Haynesville Shale could hold 251 trillion cubic feet. Quote: Chesapeake Energy “Based on its geoscientific, petrophysical and engineering research during the past two years and the results of three horizontal and four vertical wells it has drilled, Chesapeake believes the Haynesville Shale play could potentially have a larger impact on the company than any other play in which it has participated Aug 26, 2024 · Chesapeake Energy Corporation reported a $227 million net loss in the second quarter, largely due to high depreciation costs. Chesapeake is the most active company drilling wells in many of these areas and controls much of its own mid-stream, compression, drilling and oilfield service assets. Geological Survey estimated undiscovered, technically recoverable mean resources of 1. Rick White, Warden. liquefied natural gas industry. natural gas producer, with large footprints in the Appalachia and Haynesville shale basins. launched a pilot partnership to produce certified responsibly sourced natural gas (RSG) at select well pads in the Marcellus and Haynesville shales. 5 it agreed to sell a package of producing Haynesville Shale acreage in northern Louisiana for about $450 million. 3 billion. ’s nonop interests. , the companies announced Oct. , Houston, (NYSE: PXP) plans to acquire a 20% interest in Haynesville shale leasehold in northern Louisiana and East Texas from Chesapeake Energy Corp. 38 per share in Dec 20, 2016 · Chesapeake Energy Corp. and Haynesville plays, as well as almost 200 miles of natural gas gathering pipelines and a cryogenic natural gas processing plant in Texas. has moved closer to getting overseas pricing for its Haynesville Shale gas, signing a heads of agreement (HOA) on nearly 100 Bcf/year for 15 years beginning in 2027. plans to reduce natural gas production in the Haynesville Shale as the industry faces a gas supply glut and weak global demand. Dec 5, 2016 · Chesapeake Energy Corp. Haynesville's competitors to Expand Energy include giants such as BP p. and has Chesapeake’s Haynesville gas price indexed to the Japan Korea Marker (JKM), according to Chesapeake’s announcement. A portion of the formation stretches across the northern central part of Louisiana. Jul 8, 2013 · Discover why Chesapeake Energy's acquisition of Haynesville assets is considered a bargain for Exco Resources. [1] Sep 1, 2016 · The Haynesville shale 101. 69/MMBtu in June of that year, Chesapeake Energy figured out how to use horizontal drilling and hydraulic fracturing to extract the gas in a cost-effective manner in their successful exploration wells in the Haynesville. With a goal to achieve net-zero direct GHG emissions by 2035, Chesapeake is committed to safely answering the call for affordable, reliable, lower carbon energy. isn’t looking to grow its 1. The Oklahoma City-based E&P is currently operating seven drilling rigs in the gas-rich Haynesville region. Nov 4, 2021 · Southwestern Energy Co on Thursday agreed to buy Blackstone-backed GeoSouthern's assets in the Haynesville for about $1. Aug 16, 2020 · Chesapeake has drilled a few. Phone: (434) 848-9349. United States Senior Fiscal Analyst LSU Health Shreveport Jan 2019 - Jun 2023 4 years 6 months Feb 21, 2024 · In the face of sliding natural gas prices, Chesapeake Energy Corp. OKLAHOMA CITY, Aug. Jan 1, 2017 · Chesapeake Energy Corp: 6: Drilling Permits ( October 23, 2024 - January 21, 2025) Carthage (haynesville Shale) Undrilled: Harrison: Carthage (haynesville Shale) Jun 18, 2024 · The proposed deal would unite two of the largest producers in Appalachia and the Haynesville, with a combined portfolio of over 5,000 locations and 15 years of inventory. Sep 26, 2024 · Shale Consolidation: Chesapeake, Southwestern Form Expand Energy; Private Producers Seal $2-Billion Merger. and Sep 3, 2024 · On July 29, Chesapeake reported its 2024 second quarter financial and operating results. The company issued its 2023 Sustainability Report, marking Chesapeake’s 12th consecutive year reporting on its environmental, social, and governance performance and its resilience in a lower carbon future. Gulf Coast region. 4 billion takeover of Southwestern Energy Co. Brooke Coe Manager – Communications & Media Relations Chesapeake Energy struck a $2. The #1-Alt Blount 2 & 11-14-12 HC flowed 15. It divested its Eagle Ford assets for $3. Chesapeake Energy Corp is developing the haynesville shale with a focus in Caddo, De soto, Sabine, Bossier, Smith, Red river, Panola, Bienville and Shelby counties. And McClendon was the company’s biggest cheerleader. Chesapeake’s deal is with commodities trader Gunvor Singapore Pte Ltd. Comstock Feb 21, 2024 · With a leaner 2024 in mind, Chesapeake Energy will marginally reduce its rig totals in the Haynesville and Marcellus shale plays in the US to shave expenses, the Oklahoma City natural gas producer Jan 10, 2024 · The deal, though not as large as 2023 mergers announced by ExxonMobil at $60 billion and Chevron at $53 billion is also different in that it is concentrated on dry gas as opposed to oil production … And, Mills said, Chesapeake and Southwestern have heavy investment in the Haynesville Shale, a gigantic formation that covers some 9,000 square Feb 21, 2024 · Read about Chesapeake Energy Corp. Nov 7, 2024 · And then, Chesapeake expanded. This article summarizes a study by the Bureau of Economic Geology (BEG) of the Haynesville’s resource and production potential. It was a similar change at its Texas operations where grain sizes of 40/200‑mesh were used in most of the wells. The assessment concluded that Chesapeake has succeeded in meeting or partially meeting all the applicable Level 1 Performance Targets (see Table 1). Lawrenceville Correctional Center. Feb 21, 2024 · Chesapeake is currently operating nine rigs (five in the Haynesville and four in the Marcellus) and four frac crews (two in each basin). 15. Phone: (757) 421-0095. Comstock’s far western stepout is landing wells in both Bossier sand and the underlying Haynesville shale beginning in the spring of 2022. Key M&A Transactions in the Haynesville from 2014, $/Acre | RSEG In 2014, the Haynesville had some of the most expensive well breakeven costs in the Prevailing Trends Divestment of Historical Key Players: Dec 3, 2024 · Headquartered in Oklahoma City, Chesapeake Energy Corporation is powered by dedicated and innovative employees who are focused on responsibly developing our leading positions in top U. natural gas producer Chesapeake Energy Corp said it would sell a part of its acreage in the Haynesville Shale area for $450 million to a private company. May 21, 2024 · Chesapeake Energy, which went through bankruptcy in 2020 when oil and gas prices crashed, has been solidifying in the past year its strategic focus on its gas assets in the Marcellus shale in Appalachia and in the Haynesville shale play in Louisiana while reducing its Eagle Ford position where it held oil assets. L. 2 billion deal to acquire Haynesville shale producer Vine Energy, consolidating its position in the Louisiana play, as part of a strategy to market certified gas to LNG e Jan 20, 2025 · Haynesville gas producers need stronger prices to justify growth. , Oklahoma City, is slashing 2024 capital spending and forecasting full-year production from Haynesville and Marcellus assets to a Dec 21, 2021 · OKLAHOMA CITY, Dec. In 2015 it sold 78,000 acres with Aug 11, 2021 · Chesapeake Energy Corporation Consolidates Haynesville With At- Market Acquisition Of Vine Energy Inc. Federal Trade Commission, taking an active role in scrutinizing new energy deals, is reviewing Chesapeake and Southwestern’s proposed merger. Despite this, the play remains promising under the right economic conditions. LNG exports is forecasted to grow by 17. The Haynesville acquisition is subject to an affiliate of BG Group Plc. 69 per share, will create a company that has large scale acreage in the Appalachia region and Haynesville, Louisiana. Barely three months later, the company also acquired Chief Oil and Gas. “Haynesville is the right place to be. The first is a Motion for Partial Summary Judgment (Record Document 24) filed by Defendants, Chesapeake Louisiana, L. The Haynesville basin has become a key source of natural The Haynesville discovery well was drilled by Chesapeake Energy in Desoto Parish in March 2008. the previous dry-sand recipe that called for 100-mesh. Company Profile. In a deal the energy industry had been whispering about for months, Chesapeake Energy and Southwestern Energy will combine to form what will be the largest natural gas producer in the U. 4B Deal | Hart Energy The Haynesville Shale is Sandwiched in between the also unconventional Cotton Valley, Bossier and Smackover formations, the Haynesville Shale is one of the most notable plays along the U. The company’s recent activities include an all-stock merger with Southwestern Energy Company valued at $7. Feb 6, 2024 · In a well-foreshadowed transaction, natural gas producer Chesapeake Energy Corp. Aethon Energy Management has little incentive to increase production from the Haynesville until gas prices increase, president Gordon Huddleston said at the Jan. Chesapeake also began looking to acquire other former rivals for natural gas production. N>, the second largest U. I sure hope I do, but with their deep pockets, if they were serious about the Haynesville, rather than assigning their acreage to Chesapeake asnd others, they'd be hiring their drilling rigs and drilling and producing the wells themselves. In the deal, an affiliate of Covey Park agreed to pay about $465 million for roughly 41,500 net acres and producing properties in northern Louisiana. May 26, 2022 · Chesapeake, the Haynesville’s founder, had sold some of its leasehold over the years. Petrohawk Energy Corp. Aug 11, 2021 · By consolidating the Haynesville, Chesapeake has the scale and operating expertise to quickly become the dominant supplier of responsibly sourced gas to premium markets in the Gulf Coast and abroad. 45 Bcf/d in the first quarter to 1. Compared to the E&P’s top-tier acreage footprint Nov 2, 2021 · Natural gas production in the Haynesville set a new record in July, at over 12 Bcf/d (after upcoming revisions). Mar 5, 2024 · Chesapeake’s capex reduction is less than the 37% cutback announced by Haynesville producer Comstock Resources (CRK) and roughly matches the 30% haircut revealed by Antero Resources (AR). 's significant natural gas production cuts and spending reductions in response to market oversupply. Feb 23, 2023 · Chesapeake Energy issued its quarterly and 2022 annual update yesterday. Aug 11, 2021 · Chesapeake said it expects the acquisition to add $1. Tracing Chesapeake’s journey provides insight into its transformation into Expand Energy, from a small startup in the late 1980s to a market powerhouse. 191-H-104 dated 6/7/10 designated S20-T15N-R14W as Haynesville Zone, Reservoir A, Unit HA RA SU156. 525 billion, largely in line with my expectations. Since Chesapeake bought Wildhorse they have pivoted to East Texas at the expense of the Haynesville. See Record Document 24 & 28. (NYSE:VEI) ("Vine") today announced that they have entered into a definitive agreement pursuant to which Chesapeake will acquire Vine, an energy company focused on the Haynesville Correctional Center. choke, the flowing tubing pressure was 6,720 psi and the flowing casing pressure was 2,140 psi. Subscribe; Magazine; Past Issues; the leaders of Chesapeake Energy Corp. The U. 9 bcf/d from Southwestern’s assets in the Appalachian and Haynesville. Chesapeake Energy has become a pure natural gas producer focusing on the Haynesville and Marcellus. Aug 9, 2022 · Chesapeake is currently operating 16 rigs including five in the Marcellus, five in the Eagle Ford and six in the Haynesville, with the sixth rig just added in the last week. The company picks up 370 drilling locations in the Haynesville/Bossier Oct 1, 2024 · In 2008, Chesapeake struck gold, so to speak, announcing a major gas discovery in the Haynesville Shale in East Texas and Louisiana. Jul 12, 2013 · The sale continues a string of divestments by Chesapeake, which wants to sell up to $7 billion worth of assets. Mar 30, 2023 · SHREVEPORT, Louisiana – Chesapeake Energy Corp. The company also said it would drop a frac crew in each play next month. 21, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK) is the first company to certify Haynesville natural gas operations jointly under the MiQ methane standard followed Chesapeake and began production in the region. Feb 20, 2024 · Chesapeake is planning to drop a rig in the Haynesville in March and another rig in the Marcellus around mid-year. Combined, Expand Energy replaces EQT as the largest U. The play was initially discovered by Chesapeake Jul 28, 2024 · Chesapeake Operating: (1) submitted a 640 acre Haynesville unit application for Section 20 dated 3/24/10, (2) a Baton Rouge hearing on the application was held 5/4/10, and (3) the field order No. NGI’s Carthage index in the Haynesville averaged $1. In 2023, the company produced 3,470 MMcf of natural gas per day. The newly combined company, rebranded as Expand Energy, will commence public trading as “EXE” on the NASDAQ exchange on Oct. But its deal with Plains gave it back 80% of that investment at a cost of 20% of its potential. This constitutes a growth of over 50% compared with the peak at the end of 2011 and almost a tripling of natural gas production in less than 5 years. Mar 30, 2023 · The Haynesville oil and gas basin is a significant shale gas-producing region located primarily in northwest Louisiana and eastern Texas in the United States, with some estimates suggesting it could contain up to 500 trillion cubic feet of recoverable natural gas. , (NYSE: CHK) for $1. Two offsetting Haynesville Shale completions were reported by Oklahoma City-based Chesapeake Operating Inc. Sep 22, 2022 · “With significant long-term volume commitments from several leading Haynesville Shale producers, including Chesapeake Energy, we are pleased to reach a positive FID on our new gathering and treating project, which, combined with our existing capacity on the Midcoast system, will serve to address bottlenecks in the Haynesville Shale and Chesapeake discovered the Haynesville Shale in 2008. Chesapeake, by then struggling under an overwhelming debt load, cut its Haynesville holdings as well. Apr 1, 2021 · Chesapeake’s most recent completions in the Haynesville involved wet sand with 40/140-mesh sizes vs. Oct 22, 2024 · In November of that same year, CHK announced the acquisition of Vine Energy, active with a substantial position in the Haynesville Shale. Dec 22, 2022 · One of the first operators to enter the basin, Chesapeake was the Haynesville’s largest producer in the first half. Advocate business writer Ted Griggs contributed to this report. 4 billion merger of Chesapeake Energy Corp. Chris Ayres Vice President – Investor Relations & Special Projects 405-935-8870 ir@expandenergy. However, both Comstock and Antero have guided to flat 2024 output. Jan 5, 2024 · We’re starting 2024 with coverage of the Haynesville shale. Plains Exploration & Production Co. Aug 11, 2021 · Oklahoma City-based Chesapeake Energy Corp. N> Haynesville shale assets in Louisiana, according to two people familiar with the Jan 11, 2024 · Chesapeake Energy and Southwestern Energy's merger will create dominant positions in Appalachia and the Haynesville Shale, which the companies say would compete on the global stage. Aubrey McClendon and Tom Ward, both 29, launched Chesapeake Energy with $50,000 and 10 employees. Haynesville Shale Review 2008 - 2023 November 2023 Kurt Mire, P. 421 Barnfield Road Haynesville, VA 22472 . was formed out of the $7. Both Chesapeake and Southwestern have a nearly 50/50 portfolio split between the Marcellus and Haynesville fields. Allison, who has been the company’s CEO for 36 years, says Comstock was one of the first operators—along with Petrohawk (which is credited with discovering the Eagle Ford in 2008) and Chesapeake (which officially discovered the Haynesville that same year)—to drill deeper than the historic Cotton Valley formation, initially drilling down 10,000 feet into the Haynesville Shale and using Aug 11, 2021 · FOR IMMEDIATE RELEASE. 4. 2. Nov 11, 2024 · Chronology of Key Events: Chesapeake to Expand Energy. Expand Energy Corporation is a natural gas exploration and production company headquartered in Oklahoma City. Haynesville Shale: Based on its geoscientific, petrophysical and engineering research during the past two years and the results of three horizontal and four vertical wells it has drilled, Chesapeake believes the Haynesville Shale play could potentially have a larger impact on the company than any other play in which it has participated to date Jan 3, 2010 · Henry it is in both of our best interests if I turn out to be wrong about Swepi. 5 billion market cap company. The company, however, said in its fourth-quarter earnings report that drilling activity Aug 11, 2021 · Chesapeake has operated in the Haynesville shale since 2008 and, according to company data, held 263,000 net developed acres in the play in 2019. has closed on its $7. 11, signaling another critical step in the slow-moving consolidation of Louisiana’s Haynesville Shale. Oct 9, 2024 · Expand Energy, built from Chesapeake’s acquisition of Southwestern, is a $19. 05 Bcfe/d (90% natural gas and 10% total liquids), utilizing an average of 14 rigs to drill 58 wells and place 66 wells Jan 13, 2023 · Given this scenario, Chesapeake’s focus on the Haynesville basin will drive its long-term growth. Enverus data showed that of the company’s 1. The transaction, valued at $6. 85 billion, betting on rising gas prices and the field's proximity to the Chesapeake Operating: (1) submitted a 640 acre Haynesville unit application for Section 20 dated 3/24/10, (2) a Baton Rouge hearing on the application was held 5/4/10, and (3) the field order No. producer of natural gas, said on Monday that it would sell a part of its acreage in the Haynesville Shale area for $450 million to a private Mar 22, 2019 · Before the Court are two Motions for Partial Summary Judgment. Oct 19, 2024 · Through the deal, Chesapeake acquired 7. " Oct 14, 2009 · Attached is a Chesapeake map depicting their view of the outline of both the Haynesville Shale and Bossier Shale plays. Chesapeake, Southwestern to Combine in $7. 1989 – Chesapeake Founded. Today, the Haynesville Region is the third largest natural gas producer in the United States, behind only the Appalachian and Permian basins. The assessment also concluded that Chesapeake Energy’s Haynesville Shale operation has achieved leading practices (reaching Performance Target levels 2 or 3) in several areas, including Using a geology-based assessment methodology, the U. Sep 6, 2023 · Summary. com. CHK is a Jun 7, 2018 · As part of Shale Experts' June update for the Haynesville Shale play, we took a look at Chesapeake's latest activity in the play. Chesapeake emerged from bankruptcy with reduced Aug 11, 2021 · Chesapeake’s Haynesville portfolio produced around 531 MMcf/d in 2Q2021. It has hedges in places and a strong balance sheet as it waits to get there. Nov 1, 2023 · Chesapeake Energy Corp. Chesapeake Energy. The Haynesville Shale is crucial for meeting the rising demand for LNG exports from the Gulf Coa Dec 20, 2016 · Chesapeake Energy Corp. 5 billion to its free cash flow and boost its quarterly dividend by 27%. To learn more, see our news release , presentation and earnings highlights . Nov 1, 2021 · The deal was expected to increase Chesapeake’s Haynesville exposure to 348,000 net acres with pro forma second-quarter net production of 1. Chesapeake has estimated the Haynesville could produce 251 trillion cubic feet of natural gas. Nov 6, 2023 · Chesapeake Energy Corp. (NYSE:VEI) (“Vine”) today announced that they have entered into a definitive agreement Jan 24, 2024 · It also added strategic bolt-on positions in the Marcellus and Haynesville fields to offset these sales, through the acquisitions of Vine Energy and Chief Oil & Gas. More than 1,700 employees worked at the company that year, according to The Oklahoman. 23 MMboe/d produced in the half, 365,766 boe/d came from its Haynesville operations, with 2. Chesapeake remits revenue to you once your balance exceeds $100 unless you have previously requested (from Chesapeake) to be set up with a $25 minimum pay status. oil and gas plays. Learn more about this strategic investment on our webpage. Indeed, presumed synergies approaching the $400 million mark per year are expected to considerably improve capital efficiencies and operating margins. 11, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) ("Chesapeake") and Vine Energy Inc. . At the time, the formation was thought to be the world’s largest natural gas play and could be the largest in the United States. Feb 27, 2024 · The expansion in the Marcellus basin and the Haynesville basin allows Chesapeake to increase its extraction volumes, positioning the firm to take advantage of potential margin improvements. The Haynesville is known as the swing basin because it is the Mar 30, 2023 · Chesapeake is currently operating seven drilling rigs in the gas-rich Haynesville region, but by next week, that number is slated to fall to six drilling rigs, and in third-quarter 2023, the company plans to further reduce drilling activity down to five rigs. Indian Creek Correctional Center. Dec 5, 2016 · U. Apr 27, 2010 · Chesapeake, Pankey 23 #H1 Well, Serial #240371, S23-T14N-R15W For the Haynesville Shale, production units are almost always drawn up on section lines. Dec 5, 2016 · Chesapeake Energy Corp <CHK. In recent news, word has spread that Chevron Corporation (CVX) is discussing selling its Haynesville ass. E. The gas-focused content from previous events including DUG Haynesville, DUG East and DUG Appalachia has been combined and expanded to create the must attend gas show of 2024. C. 65 billion in cash and in addition has agreed to fund 50% of Chesapeake’s 80% share of drilling and completion costs for future Haynesville joint-venture wells Chesapeake Operating: (1) submitted a 640 acre Haynesville unit application for Section 20 dated 3/24/10, (2) a Baton Rouge hearing on the application was held 5/4/10, and (3) the field order No. 7 Goldman Sachs Energy, Cleantech and Utilities Conference. Chevron’s portfolio includes 72 thousand acres of undeveloped land. May 7, 2014 · Chesapeake and CNOOC target the Eagle Ford Shale play's oil window at depths of 5,000-11,000 ft with horizontal wells that have an additional 5,000-8,000 ft average lateral length. I'll post a SONRIS link below for a Search By Section-Township-Range. It is sad that you can complete wells at 47 MMCFD and 34 MMCFD and Wall Street does not care. Their map of the Bossier Shale explains why there has been such an increase in activity along the southern portion of the Haynesville Shale play and certainly adds some excitement to that region. 98 Bcf/d total produced coming from the Haynesville as well. (NYSE: CHK) is delivering on its divestment plans, saying Dec. 's (NYSE: CHK) Haynesville assets, the Denham Capital-backed E&P said Feb. Sep 19, 2024 · Chesapeake Energy has strategically reinvented itself and is now a natural gas-focused energy enterprise with two main core operations in the Marcellus and Haynesville basins. 1607 Planters Road Lawrenceville, VA 23868. Gulf Coast. (CHK) announced the $7. , with 7. The Haynesville shale encompasses over 9,000 square miles of eastern Texas and western Louisiana: Image source: EIA. It creates serious synergies . In other Aug 24, 2021 · Acquisitions in the Haynesville have been part of the revival, according to S&P Global. The Haynesville formation is a layer of sedimentary rock between 10,500 to 13,000 feet below the surface in northwestern Louisiana, southwestern Arkansas, and eastern Texas. It integrates engineering, Study forecasts gradual Haynesville Jan 27, 2021 · In 2008 in conjunction with Henry Hub natural gas spot prices peaking at $12. lxz uoj sogute jik hsqfnw kwl keo nxtilred jnssm bkchso