Eagle Ford Shale

Chesapeake Looks to Portfolio for Gains As Selling Spree Ends With Utica Divestiture

Chesapeake Energy Corp. CEO Doug Lawler said Wednesday that last week’s $2 billion Utica Shale divestiture “marks the conclusion” of the company’s “strategy of asset sales being the primary driver of debt reduction,” as management plans to lean on other parts of the portfolio and gains from the resurgent Powder River Basin (PRB) to strengthen the balance sheet. Read More