Chesapeake touts new oil play

Chesapeake Energy Corp. announced a “significant” new oil discovery in western Oklahoma and the Texas Panhandle.

Buoyed by one very productive well, Chesapeake Energy Corp. has high hopes for its latest discovery in western Oklahoma and the Texas Panhandle.

The Oklahoma City-based oil and natural gas producer has completed two horizontal wells in the Hogshooter play. Both wells were drilled about 10,000 feet deep with laterals extending close to...
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