Chesapeake plans to keep production flat next year
Friday, November 4, 2022
Although Chesapeake Energy topped Wall Street’s third-quarter profit estimates, it plans to keep production flat next year, according to Reuters.
In a third-quarter earnings call on Wednesday, Chesapeake Chief Executive Dominic Dell’Osso confirmed production would remain the same next year, but said the company would be prepared for a pick-up in demand in 2025 as proposed liquefied natural projects open.
“In the near term, we really don’t see any need for growth. And so 2023 is probably setting up to be about flat on a year-over-year basis,” Dell’Osso said.
Learn more: Reuters > Chesapeake points to rising costs in fastest-growing U.S. gas field
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