Chesapeake Energy Puts Most of its Chips on Northeast PA Marcellus

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When Chesapeake Energy issued its first-quarter update a month ago, MDN pointed out that the company has finally turned from its dalliance with oil drilling (having fired CEO Doug Lawler) and is now training its sights back on its first love, natural gas drilling (see Chesapeake 1Q21: Returning to Its Roots of Drilling for NatGas). Northeastern Pennsylvania plays a key role in the company's plans for the future. In 2021, some 45% of Chessy's production will come from four northeastern PA counties: Bradford, Sullivan, Susquehanna, and Wyoming.

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