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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 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
1 Year China Resources Beer Chart |
1 Month China Resources Beer Chart |
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