marmaton2

Chesapeake Energy: Back from the Dead

The conventional high pressure plays are depleting and most of the large Independants have been distracted by these unconventional dry gas plays which are good and plenty, but not near the quality volumes produced innitially as say a deep Anadarko or Unita resevoirs, i.p's.of 20+Mcfd which produce many Bcf of rich gas quick. True Chesapeake sells a Bcf every other day in north Texas, it just isn't the same gas, a gas which carries all that other 'good' stuff. So we are replacing apples with oranges. $5 is alot for straight dry methane! Where the sleeper lies is with all that acreage tied up with marginal production in say Northern Oklahoma, and Texas. When anything happens anywhere, oil will go up, possibly high. He holds many a 640 tract with a stripper well. That is Mc Clendon's true ace.