Chesapeake 1Q ’23 Earnings Highlights
1Q ’23 Earnings Highlights
Flexible operating plan based on market conditions
• 2023 activity reductions:
– 1Q’23: Released 1 rig in Haynesville and 1 frac crew in Marcellus
– 2Q’23: Releasing 1 frac crew in Haynesville
– 3Q’23: Releasing 1 rig in Haynesville and 1 rig in Marcellus
• 2Q vs. 1Q’23: 10% decrease in D&C capital, 5% decrease in Natural Gas production
https://filecache.investorroom.com/mr5ir_chk/759/CHK_1Q23_Earnings_...
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