Develop Proprietary Technological Advantages

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In addition to our industry-leading leasehold position, we’ve developed a number of proprietary technological advantages.

First, we have acquired what we believe is the nation’s largest inventory of 3-D seismic data. Possessing this 3-D seismic data enables us to image reservoirs of natural gas that might otherwise remain undiscovered and to drill our horizontal wells more accurately inside the targeted shale formation and avoid various underground structural challenges such as faults and karsts.

Second, we have developed an industry-leading information-gathering program that gives us unequalled insight into new plays and competitor activity. As a result of our initiatives, Chesapeake produces approximately 9% of the nation’s natural gas, drills approximately 8% of its wells and participates in almost an equal number of wells drilled by others. By gathering this information on a real-time basis, then quickly assimilating and analyzing the information, we are able to react quickly to opportunities that are created through our drilling program and those of our competitors.

Third, we have established a unique state-of-the-art Reservoir Technology Center (RTC) in Oklahoma City. The RTC enables us to more quickly, accurately and confidentially analyze core data from wells drilled through unconventional formations on a proprietary basis, then identify new plays and leasing opportunities ahead of our competition and reduce the likelihood of investing in plays that ultimately are not commercial. It also allows us to design fracture stimulation procedures that might work most productively in the unconventional formations that we target. This increases our competitive advantage in developing new shale plays and improving existing shale plays.​​​

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