Chesapeake Energy Shifts Focus Back To Natural Gas

Tuesday, January 25th 2022, 12:33 pm
By: News 9

A year after emerging from bankruptcy, Oklahoma energy giant Chesapeake said it is simplifying its business model by getting back to focusing on natural gas.

Chesapeake said it is buying Chief Oil and Gas, which operates in the country's biggest shale gas patch in Pennsylvania, for $2.6 billion.

Chesapeake is also shedding its Wyoming oil assets.