Drilling Bossier: Chesapeake says well results come in lower than Haynesville.
Chesapeake says Bossier is no Haynesville
Very early results from US giant Chesapeake Energy’s efforts in the Bossier shale play indicate that there is a little less natural gas in place than in its high-performing Haynesville shale acreage, an executive with the company said today.
"It's not going to be quite as robust," John Sharp, a Chesapeake executive, told investors in comments broadcast on the Internet.
Investors had been anxiously waiting for data on the initial production rate from a Chesapeake well drilled in August in the Bossier.
Chesapeake said the well had started flowing at a rate of 9.4 million cubic feet equivalent per day, below average rates seen in the Haynesville shale.
Even so, Sharp told investors that it is very early in the Bossier's development and said the company has high hopes for the play.
The Bossier and Haynesville shales are both located in east Texas and northern Louisiana.