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Chesapeake Energy Offers Estimate of Production from Ohio Wells

Chesapeake Energy, the No. 1 driller in Ohio’s Utica Shale formation, projected an estimated ultimate recovery (EUR) of 5 billion to 10 billion cubic feet of equivalents over the lifetime of each of its wells drilled into the Utica Shale in Carroll County and the surrounding areas. Those EUR estimates are pointedly higher than what has been reported from wells drilled in the Marcellus Shale formation in Pennsylvania, where Chesapeake Energy has only reported EURs as high as 4.2 billion cubic feet of equivalents and the U.S. Geological Survey has reported an average EUR of 1.1 billion cubic feet of equivalents.