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STS - Chesapeake reaches oil production record at Brazos Valley - November 7, 2019



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Chesapeake Energy continues to make improvements in its Brazos Valley operations. Well costs are down 21% since the beginning of the year to $830 per ft, with lateral lengths averaging more than 9,000 ft. Through its well optimization and workover program, base field declines were improved, which helped to push October oil production to a record 40,000 bo/d. The previous high oil rate for Brazos Valley assets was set by prior operator WildHorse Resource......
 
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