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Chesapeake Energy Holds 2014 Capex Costs Down

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February 7, 2014

Chesapeake Energy Corp. (NYSE: CHK) detailed its 2014 outlook and capital program Feb. 6. It plans to hold its capital expenditures between $5.2-$5.6 billion, a 20% decrease from the midpoint of the company’s 2013 capex, Chesapeake said.

“2013 was a transformational year for the company and its stakeholders. The Chesapeake team worked diligently on several major initiatives designed to ensure that our processes and practices maximize returns from our exceptional asset base. We have established specific strategic goals and metrics that we believe will drive us toward top-quartile operational, financial ...

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