Chesapeake Misses Estimates as Gas Field Writedowns MountBy
Increases 2016 asset sale target to more than $2 billion
Chesapeake plans to sell some Haynesville shale acreage
Chesapeake Energy Corp. missed analyst estimates as a slump in natural gas prices prompted a $1 billion impairment of its gas fields and eroded the value of the company’s hedges.
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