In an update on its operations in the Marcellus Shale, Chief Oil & Gas reports that its leasehold has increased to 600,000 gross acres in Pennsylvania, West Virginia and Maryland and the Marcellus drilling program continues to expand

摘要

The company added that 93 wells have been drilled with 42 wells placed on production, 15 wells waiting on a pipeline, and 36 wells waiting on completion. Currently, 20 wells are being drilled or remain to be drilled through the end of the year. Chief reported that it is producing 100 million cubic feet equivalent per day with a target exit rate for 2010 of 115 MMcfe/d.