Top U.S. natural gas producer Chesapeake Energy cuts jobs ...Middle East

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Top U.S. natural gas producer Chesapeake Energy cuts jobs
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By Shariq Khan and Liz Hampton May 20 (Reuters) – Chesapeake Energy, a top U.S. natural gas producer, began laying off employees this week after completing the divestiture of its oil assets last year, the company said on Monday. This week’s layoffs follow its divestment of its Eagle Ford assets, not the company’s pending merger with Southwestern Energy, Chesapeake said. The company did not specify the size or scope of the layoffs. Chesapeake in 2022 said it would exit the Eagle Ford shale field in south Texas, making it a pure-play natural gas producer. In early 2023 it sold some of those assets to INEOS Energy for $1.4 billion, and later that year comple

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