IN
THIS ISSUE:
- 2010 Development Plan
- United Way Day of
Caring
- FFA Field Tour
- In the News
- Look
for Chief at
Upcoming Events
2010 Development Plan
Chief's
Marcellus
leasehold has increased to more than 560,000 acres and leasing
continues in
selected areas. To
date 40
wells have been drilled: 29 horizontal wells and 11 vertical
wells. Chief has four horizontal rigs
that
are currently under long term-contract, three of which are new
fit-for-purpose
rigs.
Chief
has set a 2010 development budget of $325-350 million depending upon
success and natural gas prices and expects to exit
2010 with 7 rigs
running. "We have 70 wells planned, primarily horizontal, for
2010", said Michael Radler, Chief Operating Officer. "As we ramp
up production, we will continue to improve efficiencies and reduce
costs while extending lateral length and improving completion rates."
Click
here to
view the full
press release .
United Way Day of
Caring
Chief employees
joined 600 other
volunteers for the 17th Annual United Way Day of Caring. The Lycoming County event
experienced the largest turnout in history and sent volunteers to 39
non-profit
organization job sites.
Chief
was assigned
to the Jersey Shore YMCA with the task of cleaning classrooms, locker
rooms and the gymnasium.
By contributing to
the United Way,
employees know they are
making a difference in their community. Chief
encourages employees to
volunteer their time and promotes
volunteer opportunities internally.
 
Upcoming
Events
-
11/16-18
Penn State Natural Gas Summit,
State College, PA
-
11/22-24
CCAP Fall Convention, Hershey,
PA
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