Chesapeake Energy (CHK -1.2%) is curtailing its natgas production after a mild winter pushed...

|About: Chesapeake Energy Corpor... (CHK)|By:, SA News Editor

Chesapeake 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)