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ES - Chesapeake Energy Highlights - March 10, 2020

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Chesapeake Energy’s Q4 production from the Marcellus averaged 980 MMcf/d, up 19% YOY. During 2019, the company ran two rigs and brought 44 wells online in the play. For 2020, plans are for two to three rigs running and 50-55 wells placed on production. Capex has been set at $175-215 million compared to expected 2019 spend of $190-210 million; overall company capex is down 30% YOY at $1.3-2.6 billion. Chesapeake refers to its Marcellus......
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