Chesapeake touts new oil play

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

 
BY JAY F. MARKS | Modified: June 2, 2012 at 12:00 am | Published: June 2, 2012   

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The Wheeler County, Texas, well — which was drilled in a section of land with three wells targeting other formations — currently produces about 7,000 barrels of oil equivalent a day.

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