Chesapeake’s Eagle Ford Well Costs Down, Now Testing Downspacing

Targeting 92,000 Boe/d By Year-End 2013
Chesapeake Eagle Ford Acreage Map

Chesapeake Eagle Ford Acreage Map Q1 2013 | Click to Enlarge

Chesapeake Energy held a conference call yesterday to address the company’s leadership transition. The call also provided an interim operations update.

The Eagle Ford is Chesapeake’s staple liquids asset and the beneficiary of 35% of the company’s $6 billion capital budget in 2013. The play also accounts for approximately 35% of the company’s oil production. [Read more…]