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Chesapeake Energy expects 15 pct drop in Q3 output
September 26, 2017 / 11:29 AM / 3 months ago

Chesapeake Energy expects 15 pct drop in Q3 output

Sept 26 (Reuters) - Chesapeake Energy Corp said it expects a 15 percent drop in third-quarter production due to disruptions in weather, asset sales and changes in capital allocation.

The natural gas producer said it expects current-quarter production to be about 542,000 barrels of oil equivalent per day(boepd), lower than the 638,100 boepd a year earlier.

The company also said it now expects its adjusted production forecast for the full-year to range between a drop of 1 percent and an increase of 1 percent, compared with its previous view of flat to 4 percent growth. (bit.ly/2y5Ajrh) (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)

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