off-the-wire

Chesapeake Energy expects natural gas volatility to remain, could pull back on activity

Kitco Media
By Reuters
Published:
Updated:
Reuters

DENVER, May 3 (Reuters) - U.S. shale gas producer Chesapeake Energy (CHK.O) on Wednesday said it anticipated volatility in natural gas markets to persist, and that it could hold off bringing some wells online if low prices continue.

The company added that deal-making has become "hard" given the weak natural gas market.

Reporting by Liz Hampton in Denver
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