Tuesday, March 24, 2009

Chesapeake Update

In its most recent investor presentation, Chesapeake provided an updated map of its activities, most notably where it is currently drilling. If my eyes don’t deceive me, Chesapeake has a piece of 31 drilling rigs operating (20 operated by them and 11 non-operated).

The map clearly indicates areas the company has identified as Haynesville hot spots, southwestern Caddo Parish, the area where Caddo, Bossier, Red River and DeSoto Parishes meet and southern DeSoto. Expect to hear more news of well completions soon.

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