Chesapeake Reserve Doubted

Chesapeake Reserve Doubted by Matt Wirz, July 13, 2012, Wall Street Journal
The report, by ITG Investment Research, comes as controversy continues to swirl around Oklahoma City based Chesapeake, the nation’s second largest producer of natural gas after Exxon Mobil Corp. … ITG’s analysis was done with well-by-well data the firm obtained on Chesapeake’s fields from public sources, such as the Railroad Commission of Texas. … The analysts said they believed a significant portion of the company reserves in areas including the Barnett “have no positive value, heralding a potential writedown in our opinion.”

This entry was posted in Global Frac News. Bookmark the permalink.