Chesapeake COO Predicts 20% Increase NatGas Production Next 5 Yrs

Chesapeake Energy has gone through some major changes over the past four years. In June of 2020, Chessy declared bankruptcy (see Chesapeake Files for Bankruptcy – Debtors to Take Ownership). After Chessy exited bankruptcy, the new owners booted CEO Doug Lawler in April of 2021 (see Doug Lawler Out as CEO of Chesapeake Energy). Lawler tried to chart a new direction for the company by drilling for oil. That strategy was a disaster. The new board selected long-time Chesapeake CFO Dominic "Nick" Dell’Osso as the new CEO in October 2021 (see Chesapeake Makes it Official – CFO Dom Dell’Osso New CEO). Dell’Osso and the board selected a new direction for the company, changing its ill-fated quest to drill for oil to drilling for natural gas, its first and original mission. So, when Chesapeake's current COO (Chief Operating Officer and top driller) predicts a 20% increase in natural gas demand (and consequently production) compared to today, we sit up and listen.

---

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