Chesapeake Energy Corporation (CHK) reported the highest producing natural gas well in the Barnett Shale ever drilled. The company said that based on the production to date, the well would produce 10 billion cubic feet of gas during its lifetime.
The Day Kimball Hill #A1 is located in Southeast Tarrant County, Texas, and produced an average of 12.97 million cubic feet of natural gas per day in October 2009. Since shale gas wells decline sharply during the first few years, this Barnett Shale well has seen its production fall to 8.66 million cubic feet in November and 6.79 million in December.
The Day Kimball Hill #A1 cost $2.6 million to drill and complete and will produce natural gas for 50 years. The well was drilled to a vertical depth of approximately 8333 feet and the completed with a 7500 foot lateral, and a 16 stage hydraulic fracturing operation.