Amid natural gas prices that have slumped below $2.00/MMBtu at a number of pricing hubs across the country, Chesapeake Energy Corp. is lowering its exploration and production activity in the Marcellus and Haynesville shale plays while also looking to complete an exit from the Eagle Ford Shale in 2023. “As we plan our initial capital…
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Appalachian Companies Launch Methane Coalition to Give World Window to Natural Gas Operations
Three of the Appalachian Basin’s leading upstream and midstream operators on Wednesday announced a new coalition aimed at better monitoring and reducing methane emissions throughout the Marcellus and Utica shales. Chesapeake Energy Corp., EQT Corp. and Equitrans Midstream Corp. launched the Appalachian Methane Initiative (AMI). The coalition said it would work to identify and fix…
January 11, 2023
Chesapeake Aiming to Be Major Natural Gas Supplier in U.S. LNG Capacity Expansion
A revamped Chesapeake Energy Corp. continues streamlining its strategy around supplying natural gas to the Gulf Coast LNG corridor, executives said in an earnings call on Wednesday. The company sees a somewhat softer natural gas market in 2023, with no real structural demand growth until new export capacity comes online starting in 2024. “As export…
November 3, 2022
Chesapeake Energy Exiting Eagle Ford Shale in Pivot Toward Natural Gas Assets
Chesapeake Energy Corp. will exit the Eagle Ford Shale in a shift away from oil in favor of its natural gas assets in Louisiana and Pennsylvania as it looks to simplify its operations, management said Wednesday. The company plans to drop from five to six rigs in the Eagle Ford by the end of August…
August 3, 2022
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