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Chesapeake Northern Michigan | Open Listings | Home
Chesapeake Northern Michigan
Northern Michigan
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| GEOLOGIC SUMMARY: | Chesapeake’s leasehold overlies two emerging resource plays, the Silurian A-1 Carbonate and the Ordovician Collingwood Shale. Both the Collingwood and A-1 Carbonate formations offer the potential for wet gas production, with the strong possibility of oil and condensate production. Additionally, Chesapeake’s acreage offers potential for conventional prospects in proven, oil-rich carbonate formations such as the Devonian Dundee and Detroit River in the northeastern Michigan Basin, where deep-seated fractures have created hydrothermal dolomite reservoirs. | ||||||
| OBJECTIVES: |
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| DEPTH: | Approximately 5,000’ – 10,000’ | ||||||
| RATIONALE FOR SELLING: | Chesapeake has altered its plans to develop all of its highly-prospective unconventional acreage, and instead will be focusing in other plays where it has amassed a more significant land position. | ||||||
| LAND: | Approximately 450,000 net acres within 20 counties (Antrim, Bay, Charlevoix, Cheboygan, Clare, Crawford, Emmet, Gladwin, Grand Traverse, Isabella, Kalkaska, Missaukee, Montimorency, Ogemaw, Osceola, Oscoda, Otesgo, Presque Isle, Roscommon and Wexford)
80% Average NRI Majority of acreage lies on State of Michigan Lands |
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| DISCOVERY WELLS IN AREA: | Encana’s State Excelsior 1-13 HD1, and State Excelsior 1-25 HD1, Devon’s Cronk 1-24 HD1 and Wiley 1-18 HD1 |
NOTE: A Confidentiality Agreement (“CA”) must be executed prior to receiving the data package.
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