Chesapeake Valuation Seen Luring Major Oil Merger Deal

Chesapeake Valuation Seen Luring Major Oil Merger Deal

Matt Nager/Bloomberg

A Chesapeake Energy worker on a natural gas rig in the North Texas Barnett Shale bed rock deposit near Kennendale, Texas. The second-largest U.S. natural-gas producer said it may face a cash shortfall as early as next year after prices for natural gas, which accounts for 83 percent of its reserves, reached a 10-year low last month.