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Chesapeake IDs 2021 Budget; Focuses on Appalachia, Ark-La-Tex Assets
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In its most recent investor presentation, Chesapeake Energy detailed its 2021 capital plan.
2021 Plan
- Total 2021 Capex: $700-750 million
- Development Capex: $650 million
- Appalachia: $300 million
- Gulf Coast / Ark-La-Tex: $260 million
- South Texas: $50 million
- Brazos Valley: $30 million
- Powder River Basin: $10 million
- Production: 410-420 Mboe/d - down 5% from 435 Mboe/d at year-end 2020
- Well / Rig Plans: Drill 105 wells / Run 5.5-6.5 rigs
- Appalachia: 65 wells / 3 rigs
- Gulf Coast / Ark-La-Tex: 30 wells / 2-3 rigs
- South Texas: 10 wells / 0.5 rigs
- Brazos Valley: 0 wells / 0 rigs
- Powder River Basin: 0 wells / 0 rigs
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