Chesapeake Energy Corp's shares rose 10 percent on Wednesday after the comp...
FILE PHOTO: A Natural Gas rig operated by Chesapeake is pictured in Bradford County, Pennsylvania just outside the town of Wyalusing on January 13, 2013. REUTERS/Brett Carlsen
The company, which agreed to buy Texas oil producer WildHorse in a $4 billion deal in October, has been focusing on producing more oil over natural gas to benefit from improved prices. “Our strategic focus on increasing our oil production is working,” Chief Executive Officer Doug Lawler said in a statement.
The company now expects crude oil to constitute about 24 percent of its total volumes in 2019, compared to just 17 percent in 2018.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buffett's Suncor bet to revive investor interest in Canadian energyBerkshire Hathaway Inc's re-investment in Suncor Energy Inc highlights the ...
Read more »
Wind energy suffers tough year in Europe with 12 nations failing to install a single turbineA range of factors were responsible for a tricky 2018.
Read more »
Analysis | The Energy 202: One of world's biggest coal miners caps production amid climate concernsAnalysis: One of world's biggest coal miners caps production amid climate concerns
Read more »
Russian-backed energy company hires lobbying firm with connections to Trump to help with China dealTrump affiliated lobbying firm Turnberry Solutions signs American Ethane Company as clients. The company is funded by Russian billionaires.
Read more »
IRS Proposal Could Crimp Earnings for Manufacturers, Energy CompaniesThe tax overhaul fueled earnings for many companies. Now, a proposal from the Internal Revenue Service about how to implement part of the measure could crimp a key tax break for certain manufacturing and energy companies.
Read more »
As Ex-Enron CEO Exits Prison, Some of Company’s Old Businesses ThriveFormer Enron CEO Jeffrey Skilling re-enters a world in which some of the businesses built from his old company’s less appreciated assets have become formidable in their own right.
Read more »
24 Men At The 2018 Oscars Who I Decided Won Best Snack EnergyNo need for takeout tonight, I'M FULL.
Read more »
Under Trump's Tariffs, The US Lost 20,000 Solar Energy Jobs2016 was the best year on record for solar energy in the United States. A report from the U.S. Department of Energy (DoE) at the time showed that solar energy was responsible for a much larger share of employment (43%) than the rest of the fossil fuel industry combined (22%).
Read more »
Lady Gaga Asking For A Drink After Winning Her Oscar Is My EnergyGET ACADEMY AWARD-WINNER LADY GAGA A GA-DAMN DRINK!
Read more »
Ford Will Use Wind Energy To Build F-150, Raptor And Ranger TrucksFord will get 500,000 megawatt hours of renewable wind energy to build some of its most iconic vehicles, including the F-150, in Michigan.
Read more »