Chesapeake Cuts Back on Marcellus, Signs Haynesville LNG Deal

Two weeks ago, MDN brought you a summary of the latest quarterly update from Chesapeake Energy, which includes guidance (a forecast) for what the company plans to do in 2023 vis-à-vis drilling in the Marcellus and the Haynesville (see Chesapeake Energy Update: Cutting Rig Count & Production in 2023). We told you that Chesapeake plans to scale back drilling, and production, in the Marcellus. Since that update, Chesapeake announced a 15-year deal to provide natural gas for LNG exports to Gunvor Singapore Pte. Guess where the gas will come from? Hint: Not the M-U.

---

To view this content, log into your member account. (Not a member? Join Today!)