News Regions Hardcopy Market Data Careers Web- tv Events Subscribe Focus About Upstream Advertise

Chesapeake cuts output on low prices

US independent Chesapeake Energy has cut its production by 7% because of low energy prices, warning it might further reduce its drilling operations.

Chesapeake will trim its Midcontinent natural gas output by 200,000 million cubic feet per day and oil production by 6000 barrels per day for at least the month of March.

The company also said it would grant Plains Exploration an option to avoid paying a $800 million of the $1.65 billion it must contribute to the companies' joint venture to develop Haynesville Shale properties.

e-mail this to a friend

e-mail this to a friend

FREE Daily newsletter print
most popular
search
subscriber login
recruitment

Specialists Needed

ConocoPhillips is an international, integrated energy company. It is the third-largest integrated energy company in the United States based on market capitalization and oil...

ConocoPhillips

Strategic Advisors

Our client, a multinational petrochemical company, is seeking to recruit experts in the Gulf and North African gas sector.

Mellaart

Offshore Shipbroker

Maersk Broker wish to further strengthen our team responsible for Specialised Tonnage, and are looking for dynamic and professional Shipbrokers who can actively participate...

Maersk Broker

Business Development & Commercial Manager

OMV Exploration & Production

Lead Civil Engineer

Air Energi

Chief Engineer

Faststream

Construcion Manager

Sheffield Offshore

HSE Safety Advisor

Air Energi

E & I Inspector

Air Energi

Surveyor

Faststream

click here for all positions
news from other nhst publications