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Chesapeake Introduces New Technology to Utica Shale Play

The Winter 2013 edition of Chesapeake Energy Corporation’s quarterly newsletter, “The Play,” introduces a new technology to readers.  Chesapeake subsidiary Nomac Drilling is using a new type of rig called a PeakeRig, which is able to “walk” on a multiwall padsite.  This new capability increases efficiency, and reduces the cost of drilling multiple wells from a single site.  Thanks to the PeakeRig, and other techniques and equipment, Chesapeake hopes the Utica play will achieve profitability faster than any other play.