Drilling suspended

Our local T.V. station reported that Chesapeake will suspend all drilling in Pa. this year because of the low price of gas. Also reported that CHK lost 15 billion in 2015 and will not resume drilling until the price of gas rises, any feedback on this report

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Permalink Reply by paleface on February 26, 2016 at 10:18am

I think all the gas companys are doing the same.Just drilling to hold leases.

Mike MurphyPermalink Reply by Mike Murphy on February 26, 2016 at 10:26am

CHK is just one of a long list suspending drilling Southwestern has  stopped drilling  Stone energy stopped 6 month ago few companies are still drilling and I expect soon they all wll suspend drilling and focus more on getting wells that are drilled online for sales,,,,,re are hundreds of drilled wells waiting to go into production

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