Monday, January 23, 2012

Chesapeake Energy To Cut Dry Gas Drilling

Chesapeake Energy To Cut Dry Gas Drilling
Pittsburgh Business Times
by Paul J. Gough, Web Producer
           Low natural gas prices are leading to cutbacks in dry gas investment and production at Chesapeake Energy Corp., including in the Marcellus Shale.
           That means that Chesapeake will halve its dry gas drilling by the second quarter, bringing to 12 the number of Marcellus Shale dry gas rigs that Chesapeake operates in the region, primarily in northeastern Pennsylvania. It wasn't immediately clear how many the company had operating now but a spokesman said Monday that Marcellus production would continue.   Click Here for full story.

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