Chesapeake Energy (CHK) has an active development program in the Utica Shale and disclosed an update on recent operations here. The company is currently operating eight rigs in the play, with six working in the wet gas window and one each in the dry gas and oil areas.
Chesapeake Energy’s long term plan in the Utica Shale is to ramp up to 20 rigs by the end of 2012. The company has drilled 42 wells to date and has seven wells on production, and 35 waiting on completion or pipeline.
Chesapeake Energy reported the production on two recent Utica Shale wells. The Shaw 20-14-5H and Burgett #7-15-6 8H wells produced at peak average production rate of more than 700 barrels of oil and 3 million cubic feet per day of natural gas. Both wells are located in Carroll County, Ohio.