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Chesapeake Energy (CHK -1.2%) is curtailing its natgas production after a mild winter pushed...
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Monday, January 23, 2012, 7:27 AM ETChesapeake Energy (CHK -1.2%) is curtailing its natgas production after a mild winter pushed prices lower than expected, immediately cutting 0.5B cubic feet per day (~8% of current gross production) with the possibility to cut as much as 1B cubic feet/day. Chesapeake still plans to meet its debt reduction target of $9.5B by the end of the year. (PR)
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