The WildHorse Eagle Ford position is largely contiguous, only 20% developed, and it is in the oil zone of the Eagle Ford, with 80% of its revenues from oil. This asset will enable Chesapeake to more than double its oil production by 2020 to 165,000 bbls/d. And in a neat twist, WildHorse bought a chunk of its Eagle Ford position from Lawler’s previous employer, Anadarko Petroleum, in 2017 for $600 million. One of his top lieutenants at Chesapeake, Jason Pigott, used to run Anadarko’s Eagle Ford division. Since taking over five years ago, Lawler has chopped and squeezed Chesapeake into a far more financially sound operation.

Source: Forbes October 31, 2018 16:36 UTC