Higher rig rates comingChesapeake hedges bet with $20 million stake in drilling company Petroleum News Houston Staff
Lower 48 natural gas producer Chesapeake Energy believes it has caught wind of what exploration and production independents always fear: escalating operating costs.
To cover its bets, the U.S. Midcontinent producer announced in early April that it had taken a $20 million equity stake in Texas-based....
[additional news subjects in this story]
Rigs count up 10 percent Two new rigs
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