Vine Goes Long and Deep in Louisiana

Vine Goes Long and Deep in Louisiana

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.

What do you think? Learn more about Reese Energy Consulting and our natural gas and LNG services at www.ReeseEnergyConsulting.com.

Chesapeake Energy

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.

www.chk.com

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I’ll Have the Midstream Combo Platter, Please

I’ll Have the Midstream Combo Platter, Please

Last week’s reverse merger between publicly traded Altus Midstream and PE-backed BCP Raptor—the parent of EagleClaw Midstream—may be a harbinger of things to come for smaller private operators looking to grow minus the challenges to combine with larger, publicly traded companies. With an enterprise value of $9 billion, the Altus-EagleClaw deal creates the biggest natural gas processor in the Delaware to include 2 BCF of processing capacity, 850,000+ acres under fee-based, long-term dedications, and interests in four newly built gas, NGLs, and crude oil pipelines, including the Permian Highway. But wait, there’s more. Reese Energy Consulting today is following the latest midstream combo pairing Crestwood Equity Partners and Oasis Midstream, both of which call the Delaware and Bakken their core operational focus. Assets between the two introduce new—or expand—each other’s existing infrastructure and capabilities to offer one-stop solutions for natural gas, crude oil, and water, including gathering systems for all three, gas processing, terminaling, transportation, and water disposal. Enterprise value of the new company is estimated at $7 billion.

What do you think? Learn more about REC and our range of energy services at www.ReeseEnergyConsulting.com.​

Crestwood Equity Partners

Oasis Midstream

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