Chesapeake Energy Declares ‘Propageddon’ With Record Frack

Production boosted 70 percent as a result of the new method, according to Bloomberg.com.  Chesapeake said Thursday at an analyst conference that it set a record for fracking by pumping more than 25,000 tons of sand down one Louisiana natural gas well, a process the shale driller christened “propageddon.”

Halliburton confirmed it executed the record frack for Chesapeake … The price to frack a well is so low for explorers that the work is still unprofitable on the services’ side, Paal Kibsgaard, chief executive officer at Schlumberger Ltd., told analysts and investors Friday on a conference call.

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