Chesapeake Energy has stepped up plans to produce more oil and natural gas liquids while cutting dry-gas output against the background of decade-low natural gas prices.
The second-largest U.S. natural gas producer said in a presentation on its fourth-quarter and full-year 2011 earnings that some 60% of its revenue would come from oil and NGLs in 2012, up from roughly 50% anticipated by the company just a month earlier. Keep reading →