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CHK China Resources Beer Holdings Company Limited

3.74
0.06 (1.63%)
20:44:22 - Realtime Data
Share Name Share Symbol Market Type
China Resources Beer Holdings Company Limited TG:CHK Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.06 1.63% 3.74 3.62 3.76 3.74 3.74 3.74 3 20:44:22

Chesapeake Energy Further Curtails Natural Gas Production

16/04/2009 10:41pm

Dow Jones News


China Resources Beer (TG:CHK)
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Chesapeake Energy Corp. (CHK) said Thursday it will curb its production by another 200 million cubic feet of natural gas a day in response to lower natural gas prices.

Chesapeake, the largest independent producer of natural gas by volume, has cut its natural gas output by a total 400 million cubic feet, or about 13% of its gross operated natural gas production capacity, since March. The bulk of the production curtailments have occurred in the Mid-Continent and the Barnett Shale, a vast natural gas field in North Texas.

"As a result of recession-related reduced demand and abundant U.S. production, natural gas prices have remained soft in recent months," Aubrey McClendon, Chesapeake's chief executive said in a news release, adding that lower drilling activity will help rebalance the natural gas market by late 2009 or early 2010.

-By Jason Womack, Dow Jones Newswires; 713-547-9201; jason.womack@dowjones.com

Order free Annual Report for Chesapeake Energy Corp.

Visit http://djnewswires.ar.wilink.com/?link=CHK or call 1-888-301-0513

 
 

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