Chesapeake Energy

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Chesapeake cutting capital expenditures and drilling in response to low natural gas prices

Chesapeake Energy plans to reduce its capital expenditure by $500 million and to reduce its rig count by more than 50% in 2015. Reporting in SNL, Mark Passwaters notes that Chesapeake has also cut back on its production targets in 2015. These revisions to 2015 forecasts are driven by continued low natural gas prices. Excerpts: […]

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