Chesapeake Energy Corporation (NYSE:CHK) provided some insight into its plans for exploiting its massive bet on the Utica Shale formations underground in eastern Ohio, described by its CEO, Aubrey McClendon, as the “the biggest thing to hit Ohio since the plow.” According to the company, it will aggressively develop its properties in that region, given that it produces oil and natural gas liquids, and not simply gas. Though it has drilled 87 wells in the region, only 28 are completed and operational. These wells, on average, produce 1,000 42-gallon barrels of oil equivalent per day, comprising 205 barrels of oil, 3.8…
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