- Rising natural gas prices could help Chesapeake Energy (CHK) profit off a plan to revive the maligned Haynesville shale play, where it gambled billions of dollars six years ago, and the 7-9 rigs CHK expects to deploy to the reservoir this year could boost daily rates for U.S. land drilling companies, analysts say.
- CHK's plan would increase the number of Haynesville rigs 25% to ~50 by the end of this year, according to an analysis by Raymond James - not like the old days, but renewed gas drilling could drive up margins for U.S. rig contractors by spreading out demand to other regions in the country.
From other sites
at MarketRealist.com (Mar 26, 2015)
at 4-traders.com (Mar 24, 2015)
at MarketRealist.com (Mar 21, 2015)
at Zacks.com (Mar 4, 2015)
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