Chesapeake Energy still curtailing US natgas output, CEO says (updated)

Southwestern Energy Co

04/09/2024 20:53

(Adds quote in paragraph 3)
       Sept 4 (Reuters) - U.S. energy company Chesapeake Energy
 CHK.O  was still curtailing natural gas output, the company's
CEO Nick Dell'Osso said at the Barclays CEO Energy-Power
Conference on Wednesday.
    Low U.S. gas prices  NG-W-HH-SNL  so far in 2024 prompted
Chesapeake and several other gas suppliers to cut output.
    "We are curtailing volumes right now," Dell'Osso said. He
noted, however, that he "would be surprised if we see the
magnitude of volumes curtailed this fall that we saw in the
spring, but it wouldn't shock me."

 (Reporting by Scott DiSavino
Editing by Chris Reese and Lisa Shumaker)
 ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters
Messaging: scott.disavino.thomsonreuters.com@reuters.net))