Barnett Shale

Chesapeake will retain drilling rights on the properties below currently producing intervals and retains all remaining production after approximately 11 years. For accounting purposes, the transaction will be treated as a sale and the company’s proved reserves and future production will be reduced accordingly. Chesapeake will sell assets with estimated proved reserves of approximately 93 [...]

Oilfield service companies that are well capitalized and well managed are experiencing very high growth rates with good profit margins. We have heard reports of equipment manufacturers moving to establish offices in the area to compete for business in the drilling and trucking industries, both of which are booming in the area. Oil has also [...]