Drilling Giant Chesapeake Cuts Rigs Amid Plunge In U.S Gas Prices ...Middle East

Chesapeake Energy will be slowing drilling for 2023 amid a sustained plunge in natural gas prices, with other operators following suit in the American shale patch. On Wednesday, Chesapeake said it would be pulling out three rigs this year, including two in the Haynesville shale and one in the Marcellus shale. Reuters cited Chesapeake CEO Nick Dell’Ossa as saying that it is “prudent” at this time to “pull back capital”, and warning that others appear to be of the same mind in Louisiana and east Texas. "We're making…

Hence then, the article about drilling giant chesapeake cuts rigs amid plunge in u s gas prices was published today ( Wednesday 22/02/2023 - 07:28 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Drilling Giant Chesapeake Cuts Rigs Amid Plunge In U.S Gas Prices )

Also on site :

• Huawei stellt innovative, immersive Telepräsenz-Lösung vor, die immersive Erlebnisse und intelligente Dienste bietet
• General Lester Lyles Receives 2026 Lifetime Achievement Award from the Air & Space Forces Association
• AI Agents Are Influencing Product Decisions Without Explicit Human Authorization, Warns Info-Tech Research Group