Chessy CEO Calls on Peers to Scale Back Production Given Low Price

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Nick Dell’Osso
Yesterday, a few hours after the news broke that Chesapeake Energy is selling 90% of its Eagle Ford acreage to WildFire Energy, Chessy CEO Nick Dell’Osso gave an interview (to someone, maybe Bloomberg, we're not sure), to say that given the low price of natural gas right now, all U.S. producers should consider scaling back production. Dell’Osso said the low price is a "very clear signal" from the market that less gas is needed right now.

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