Mere days away from releasing its 3Q earnings report on November 3, Okla. City-based Chesapeake Energy also is soon to close on its August acquisition of Plano, Texas-based Vine Energy. Once rubberstamped, the $2.2 billion deal will cinch Chesapeake’s title of largest gas producer in the Haynesville—and on a trajectory to become the dominant supplier of responsibly sourced gas to Gulf Coast markets. But there’s another series of titles the producer will claim as well. Reese Energy Consulting today is following the latest news from Vine, which has called a wrap on the drilling phase of its CHKMIN 20-29-32HC-01 ALT in Sabine Parish, La., to the Mid-Bossier—and this gas well is one for both the state and company record books. After only 35 days (a company best), Vine has drilled the longest onshore horizontal well in La., with an estimated lateral of 15,240 feet and a total measured depth of 27,520 feet. At $400 per lateral foot, drilling cost set yet another Vine record. That makes three belt notches and a who’s your daddy. Well completion is scheduled for January.
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Chesapeake Energy Corporation is an American energy company engaged in hydrocarbon exploration. It is headquartered in Oklahoma City. The company is named after the founder’s love for the Chesapeake Bay region. The company is ranked 373rd on the Fortune 500.