Chesapeake Energy CEO: In Talks With Cos About Joint Ventures
February 18 2009 - 10:10AM
Dow Jones News
Aubrey McClendon, chief executive of Chesapeake Energy Corp.
(CHK), said the company is in talks about new joint ventures.
"There is a high degree of international energy company interest
in shale plays in the U.S.," McClendon said during a call to
discuss the companies fourth-quarter earnings.
McClendon said that the company is in conversations with
multiple international energy companies about joint ventures
involving the Barnett Shale and other U.S. gas fields known as
shales.
Company executives also said that service costs could fall as
much as 25% in 2009 amid falling commodity prices.
-By Jason Womack, Dow Jones Newswires; 713-547-9201;
jason.womack@dowjones.com