Chesapeake Energy

What remains of the official natural gas inventory withdrawal season could be limited by the possible net injection into natural gas stocks for the week of March 8. Amid already swollen natural gas supplies, an early injection, although not unprecedented, could send natural gas prices reeling. In its upcoming storage report, the U.S. Energy Information…

A wave of bullish optimism, tied to the production cuts announced recently by Chesapeake Energy Corp., also lifted regional natural gas forwards higher during the Feb. 15-21 trading period, NGI’s Forward Look data show. For numerous Lower 48 trading locations, the most pronounced week/week fixed price gains occurred further along the strip during the 2024…

Prompt month natural gas futures rallied for only the second time in two weeks on Wednesday, gaining ground on lower production data and vows from a key player to drop rigs and cut output to help align currently robust supplies with modest winter demand. At A Glance: Front month gains 19.7 cents Production slips to…

Natural gas futures up sharply through midday trading, with March Nymex contract 19.7 cents higher at $1.773/MMBtu as of 2:21 p.m. ET  Rally sparked by Chesapeake Energy Corp. announcing 2024 production cuts; company guiding for 2.65-2.75 Bcf/d in 2024, reflecting 22% year/year decline Per Gelber & Associates analysts, “The move is likely exacerbated by short-covering,…

Chesapeake Energy Corp. said Wednesday it would significantly slash spending and natural gas production this year in one of the biggest activity cuts announced yet for U.S. onshore operations in response to tanking prices.  The company, one of the largest natural gas producers in the Lower 48, plans to reduce capital expenditures (capex) in 2024…

After a major producer announced cuts to 2024 output, providing a dose of bullish momentum for a market deprived of upside catalysts, natural gas futures continued to rally in early trading Wednesday. The March Nymex contract was up 15.0 cents to $1.726/MMBtu at around 8:45 a.m. ET. April was up 16.4 cents to $1.810. Prices…

Chesapeake Energy Corp. has signed its first binding agreement to buy LNG as it advances a strategy unveiled two years ago to gain exposure to the international gas market. The company said it has signed a sales and purchase agreement (SPA) to buy 0.5 million metric tons/year (mmty) of the super-chilled fuel from the proposed…

Upstream mergers and acquisitions (M&A) had a banner year in 2023 in the oil and gas sector, with dealmaking reaching a whopping $192 billion total, according to the latest quarterly tally by Enverus Intelligence Research (EIR). While only $6 billion of those transactions were focused on natural gas, versus $186 billion in deals targeting crude…

While Chesapeake Energy Corp. works to finalize its natural gas supply deals with LNG buyers, management says it’s narrowing down opportunities to link more of its Haynesville and Marcellus shale supply to international benchmarks in the months to come. Chesapeake currently has tentative agreements with liquefied natural gas traders that could link up to 3…