For the 2012 full year, the company’s year-over-year growth rate of natural gas production was 12%, or approximately 333 bcf per day, and its year-over-year growth rate of liquids production was 54%, or approximately 46,770 bbls per day. Chesapeake’s year-over-year liquids production growth consisted of oil production growth of 84%, or approximately 38,950 bbls per day, and NGL production growth of 19%, or approximately 7,820 bbls per day.As a result of completed and planned asset sales and the continued shift in focus in its drilling program from dry gas plays to liquids-rich plays, Chesapeake is projecting its natural gas production to decline approximately 7% in 2013 and is projecting its liquids production to increase approximately 27% in 2013.
Chesapeake Energy Corporation Reports Financial And Operational Results For The 2012 Fourth Quarter And Full Year
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