Barnett Shale overview AADE（巴涅特页岩 AADE概述）.pdf

Chesapeake Energy Eagle Ford Shale Overview AADE Operator’s Forum Oklahoma City Chapter January 19, 2011 Jason Stidham Senior Drilling Engineer South Texas District 1 Chesapeake– Overview ● One of the largest producers of U.S. natural gas – 2010 EOY ~2.6 bcfpd ● Committed to increasing liquids production - 59.5 MBPD oil and NGLs – 100% more than EOY 2009! ● Most active driller in U.S. – CHK collects 20% of all daily drilling information generated (25% in areas of interest). – 155 operated rigs currently, down from peak of 158 in August 2008 -- 175 operated rigs by EOY 2011 and 200 operated rigs by EOY 2012 ● Consistent production growth – 21 consecutive years of sequential production growth – Realized a 14% increase in 2010 over 2009 ● Best assets in the industry – 16.9 tcfe of proved reserves EOY 2010 – Added 4.8 tcfe of proved reserves through the drillbit in 2010 2 Chesapeake– Operating Areas 3 Big Oil on the Way to CHK ●Started transition in early 2008 – Announced discovery of Colony Granite Wash play – Disclosed new unconventional oil plays ● Quietly built leasehold positions in unconventional plays that would benefit from advances in drilling and completion technologies