Chesapeake Energy earnings

Chesapeake Energy Plans To Increase Drilling In Utica

Chesapeake Energy Corporation (NYSE:CHK) provided some insight into its plans for exploiting its massive bet on the Utica Shale formations underground in eastern Ohio, described by its CEO, Aubrey McClendon, as the "the biggest thing to hit Ohio since the plow."

According to the company, it will aggressively develop its properties in that region, given that it produces oil and natural gas liquids, and not simply gas.


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