Chesapeake Energy Corp. says it will spend 20 percent less money on drilling and other capital expenditures in 2014 compared to 2013 while producing more natural gas and oil products..
Utica shale capital expenditures will be about 15 percent of total in 2014, the company said Thursday. Chesapeake is the number one driller in Utica shale in Ohio.
Marcellus shale capital expenditures will also be about 15 percent of total, the company said.
Chesapeake said it will spend between $5.2 billion and $5.6 billion this year.
The company press release is here.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.