Natural Gas Giant Tries To Shift Gears
From NPR
A drop in natural gas prices is hurting balance sheets across the petroleum industry. The second-largest natural gas producer in the United States – Oklahoma City-based Chesapeake Energy – has been hit especially hard.
After 23 consecutive years of touting its increasing natural gas production, Chesapeake Chief Executive Officer Aubrey McClendon told investors during a conference call Tuesday that the company projects its gas output will drop about 7 percent in 2013.
