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Analyst: Chesapeake’s Utica Sweet Spot Is ‘Well-defined And Localized’

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By Darren Barbee, Hart Energy
January 14, 2014

Chesapeake Energy Corp.’s (NYSE: CHK) position in the Utica increasingly seems to be looking from the outside in, according to a report by Bob Brackett, senior analyst with Bernstein Research.

New data released by Ohio’s Department of Natural Resources at the close of 2013 helped provide a picture of 400 wells drilled, with more than 250 producing.

Antero Resources Corp. (NYSE: AR) and Gulfport Energy Corp. (NasdaqGS: GPOR) clearly have the best results, with Hess Corp. (NYSE: HES) and Chesapeake behind, Brackett said. Hess has higher total rates than Chesapeake, ...

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