Aubrey McClendon, chairman and chief executive of Chesapeake Energy Corp. (CHK), said some natural gas producers will miss production goals this year as they adjust to lower commodity prices.

"There will be some missed production targets," McClendon told reporters at the Cambridge Energy Research Associates gathering in Houston.

McClendon also sees substantial declines from non-public companies as they pare down drilling to bring production in line with natural gas prices.

Jason Womack, Dow Jones Newswires; 713-547-9207; jason.womack@dowjones.com