Mon, 23 Jan 2012 15:20:08 CDT
The liquids-rich natural gas Marcellus Shale play will benefit from Chesapeake Energy Corp.'s plan to pull back on dry-gas production, which is being curtailed due to low market prices. Chesapeake (NYSE: CHK) announced Monday it would reduce by half its dry-gas drilling by the second quarter, with cutbacks to dry-gas drilling operations in both northeastern Pennsylvania and the region that includes southwestern Pennsylvania and northern West Virginia. Instead, it will channel resources to the liquids-rich part of the play...
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