Chesapeake is on pace to surpass 100,000 boe/d of net Eagle Ford production in the fourth quarter. Average production in the third quarter was 211,000 gross (95,000 net) boe/d from the play.
Add back Eagle Ford assets sold to EXCO that produced over 6,000 boe/d during the quarter and Chesapeake would have already surpassed the 100,000 barrel mark.
Production is up 82% from the third quarter of 2012 and 11% over the second quarter.
“Our oil assets in the Eagle Ford Shale continue to deliver strong results, prompting us to raise our full-year 2013 oil production guidance by 2 million barrels (mmbbls) to 40 – 42 mmbbls.”
Chesapeake operated 13 rigs and brought 100 gross wells to sales during the quarter. The company is expected to run more like 20 rigs in 2014.
The average Eagle Ford well brought to sales in the third quarter came online at ~930 boe/d.
The company had 788 producing wells and 117 wells awaiting completion or infrastructure at the end of the quarter.
Read the full press release at chk.com