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Chesapeake IDs 2021 Budget; Focuses on Appalachia, Ark-La-Tex Assets

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   |    Friday,January 29,2021

In its most recent investor presentation, Chesapeake Energy detailed its 2021 capital plan.

2021 Plan

- Total 2021 Capex: $700-750 million

- Development Capex: $650 million

  • Appalachia: $300 million
  • Gulf Coast / Ark-La-Tex: $260 million
  • South Texas: $50 million
  • Brazos Valley: $30 million
  • Powder River Basin: $10 million

- Production: 410-420 Mboe/d - down 5% from 435 Mboe/d at year-end 2020

- Well / Rig Plans: Drill 105 wells / Run 5.5-6.5 rigs

  • Appalachia: 65 wells / 3 rigs
  • Gulf Coast / Ark-La-Tex: 30 wells / 2-3 rigs
  • South Texas: 10 wells / 0.5 rigs
  • Brazos Valley: 0 wells / 0 rigs
  • Powder River Basin: 0 wells / 0 rigs

 



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