From Seeking Alpha, based on Chesapeake Energy's presentation on Tuesday at the Deutsche Bank Leveraged Finance Conference.
Here is what Jeff Mobley, the senior vice president of investor relations and research, had to say about Ohio's Utica shale:
"Utica is an emerging play for us. We are extremely pleased with our opportunity set here as we start to ramp up production now that the infrastructure has been put in place. We’ve largely been responsible for about 70% of the drilling in the play to-date. We’ve drilled more than 300 wells. I think it’s north; it’s approaching 350 wells to-date, and just over 100 wells are in production and most of those are at restricted rates.
"But as the processing capacity gets put in place, we’ll be able to ramp up production through the end of the year. There has been a slight challenge with a fire at Blue Racer's project at Natrium. Not exactly sure how long that will be offline. That could temporarily inhibit our ramp-up in production. But we are really pleased with the quality of the assets here and looking forward to ramping up as the processing gets online and well gets to really produce at its fully capable rates."
Click here to view the entire transcript.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.