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CHK Cuts Spending, More Production Ahead for 2014

February 17, 2014

As the most active natural gas fracker in the Upper Ohio Valley — and the only company with ongoing operations in Ohio, Brooke or Hancock counties — Oklahoma City-based Chesapeake Energy hopes to......

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(3)

idliketoknow

Feb-17-14 11:42 AM

"Most active natural gas fracker"

lol

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mikeyd

Feb-17-14 8:36 AM

we know that they cut spending on the road repairs.

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Blackrock

Feb-17-14 6:02 AM

This is exactly what will happen as all producers will now maximize production to recoup massive investment costs. The result may result in a lowering of the price which will increase the need for more production from current wells and/or a stoppage of drilling. As for a local company, this is why Consol Energy sold union mines to gain capital. Being poorly operated, they overextended capital expenditures are now nearly broke. They have further rolled the dice by spending more capital on more drilling. They will sell their nonunion mines soon if gas prices fall and they cannot recoup investment costs.

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