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Chesapeake Strikes Oil in West Virginia Marcellus Shale

As reported in the Akron Beacon Journal Online, Chesapeake Energy has hit oil in West Virginia’s Ohio and Marshall Counties.   Chesapeake reports that it drew an average of 290 barrels of oil per day from one Ohio County well in 2012
with another Ohio County well producing an average of 195 barrels of oil per day.  Additional wells in Marshall County and across the Northern Panhandle are also showing strong oil production in addition to producing other liquids- such as ethane, propane and butane.  Chesapeake released a report detailing its successes in the 2012 operating year showing year-end proven reserves of 15.7 Tcfe.