I still haven’t seen Chesapeake release any reserve numbers or well economics. They claim that the Utica is better than the Eagle Ford but their wells in the play are such dogs, it wouldn’t take much. Also, if their position is so good, why are they already adveristing that they will develop it with a joint venture? You don’t allow others to share in the good stuff. More hype from the schisters in OKC.
I expect any number from Chesapeake will be preceeded by the words "up to", rather than "at least".