Chesapeake announces production gains and planned drilling reductions for 2019

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By Jack Money Business Writer jmoney@oklahoman.comTrading intensified Wednesday on Chesapeake Energy Corp. shares after the company announced it had maintained its forecast oil production in the final quarter of 2018 while trimming its debt. Chesapeake's stock price climbed 31 cents for the day to close at $2.76 a share — a 12.65 percent boost in value — making it the sixth-best performer Wednesday on the New York Stock Exchange. More than 93.4 million shares of Chesapeake stock traded hands during the day, compared to an average daily trading handle of about 39 million shares. Traders appear to have been reacting to a preliminary look the firm provided to some of its fourth-quarter results before markets opened. In addition to discussing oil...

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Chesapeake announces production gains and planned drilling reductions for 2019

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