Some Great News For Chesapeake -- Nothing To Do With The Bakken

It appears Chesapeake has a significant discovery on its hands -- a well that produced a solid 5,000 bopd over eight consecutive days in the Anadarko Basin. Link to Rigzone.com.

This is their Hogshooter play in the Anadarko Basin (western Oklahoma, Texas panhandle) where Chesapeake has drilled two horizontal wells, short laterals about the same vertical depth as Bakken wells in North Dakota.

During its first eight days of stabilized production, the well averaged daily production of 5,400 barrels (bbls) of oil, 1,200 bbls of natural gas liquids (NGL) and 4.6 Million cubic feet of natural gas (MMcf), or approximately 7,350 boepd. Total cumulative production, which includes five days of flowback testing, is 68,400 boe. Current daily production is approximately 7,000 boe.