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Ohio Utica Shale

Chesapeake expects to ramp up Utica production in late 2013

By Bob Downing Published: October 4, 2013

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.

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Utica and Marcellus shale web sites

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