Chesapeake (CHK -3.5%) announces a "significant" new discovery in the Hogshooter play in the...

Chesapeake (CHK -3.5%) announces a "significant" new discovery in the Hogshooter play in the Anadarko Basin of the Texas Panhandle and western Oklahoma. Chesapeake owns ~30K net acres in the play, which are more than 90% held by production from its legacy deeper Granite Wash production.

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Comments (4)
  • westelk
    , contributor
    Comments (499) | Send Message
    Now if they just had the money to develop it--assuming there exists a market with sufficient pricing to make it pay.
    1 Jun 2012, 09:48 AM Reply Like
  • Shipwreck
    , contributor
    Comments (6) | Send Message
    They don't need much money to develop the 10% necessary to hold the lease as 90% is held by production already going on in the Granite Wash. It will increase overall asset value with a minimum of new liabilities.
    1 Jun 2012, 10:55 AM Reply Like
  • Harry Johnson
    , contributor
    Comments (516) | Send Message
    Think most of the fans have left the stadium.
    1 Jun 2012, 12:10 PM Reply Like
  • texaswiz says
    , contributor
    Comments (65) | Send Message
    You can stick a fork in this fecal ball!
    1 Jun 2012, 03:15 PM Reply Like
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