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Chesapeake declares ‘propageddon’ with record frac job $CHK $UWTI $DWTI $XLE #energy #oil

OKLAHOMA CITY (Bloomberg) — The era of the monster frac has arrived in North America, and Chesapeake Energy Corp. is singing its praises.

Chesapeake said Thursday at an analyst conference that it set a new record for fracing by pumping more than 25,000 tons of sand down one Louisiana natural gas well, a process the shale driller christened “propageddon.” The super-sized dose of sand is able to prop open bigger and more numerous cracks in the rock for oil and gas to flow. Output from the well increased 70% over traditional fracing techniques, Jason Pigott, V.P. of operations, said during a presentation.

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Image: Chesapeake Energy.

“What we’re doing is unleashing hell on every gas molecule downhole,” Pigott said.

Shale drillers aren’t holding back in North American shale fields, where the average amount of sand used for each well has doubled since 2014, according to Evercore ISI. At the same time, the length that wells are drilled sideways underground has grown by 50%, and the number of zones for hydraulic fracturing are also up by half. Each zone of the well isolated for each frac is also growing larger.

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