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ALT - Chesapeake Energy Highlights - May 14, 2020
Chesapeake Energy produced 558 MMcf/d from the Haynesville in Q1, down 26% YOY. The company revised its 2020 capex guidance to $500-700 million on May 11, down from $1.3- 1.6 billion originally. Spending will be focused on its natural gas assets. Since Jan. 1, Chesapeake has dropped 38% of its rigs, going from 13 to eight as of May 13, according to Enverus Rig Analytics. One rig is drilling a Haynesville well in DeSoto......
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