Chesapeake Energy Forecasts $4 billion in Divestments in 2014, Plans to Spin-off Oilfield Services Unit as Cost Control Remains in Focus
Chesapeake Energy Corporation (ticker: CHK) is the second-largest producer of natural gas and the 10th largest producer of oil and natural gas liquids in the U.S. The company is actively selling down sections of its business to centralize focus on the Eagle Ford and Utica plays. Approximately $4 billion in divestments were made in 2013 and CHK anticipates selling another