Chesapeake Energy Corp. announced on Feb. 14 an innovative partnership to accelerate the company’s digital transformation and data-driven growth initiatives.
Chesapeake continues to build momentum in early 2019, with a concentration on operational efficiency and optimization, capital discipline and growth by leveraging advanced data science and machine learning/AI to solidify its position as a top-tier operator.
The company’s engagement with RS Energy Group (RSEG), a leading advanced analytics and technology firm, reinforces those key initiatives. With a 20-year history informing its premier software and analytics solutions, RSEG offers Chesapeake differentiated, trusted technical and capital markets perspectives that integrate with powerful predictive analytics to drive growth and improve capital efficiencies.
“We are very pleased to announce this strategic partnership with RSEG and we believe their deep understanding of our industry, our asset portfolio and physical and financial markets will help us to achieve our strategic goals and create additional value for Chesapeake,” Doug Lawler, Chesapeake’s president and CEO, said.
Recommended Reading
E&P Highlights: May 13, 2024
2024-05-13 - Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.
New Permian Math: Vital Energy and 42 Horseshoe Wells
2024-05-10 - Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million.
SM Energy Targets Prolific Dean in New Northern Midland Play
2024-05-09 - KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
Vår Selling Norne Assets to DNO
2024-05-08 - In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.
Crescent Energy: Bigger Uinta Frac Now Making 60% More Boe
2024-05-10 - Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.