Chesapeake Energy CEO: Gas Indus Will Miss Output Targets
February 11 2009 - 1:48PM
Dow Jones News
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