During the past four years, Chesapeake has substantially shifted its drilling and completion activity to liquids-rich plays in response to strong U.S. oil prices and relatively weak U.S. natural gas prices. During 2012, the company invested approximately 84% of its operated drilling and completion capital expenditures in liquids-rich plays and projects approximately 86% of such expenditures will be invested in liquids-rich plays in 2013.The company continues to achieve strong operational results in its liquids-rich plays, as highlighted below:
Chesapeake Energy Corporation Reports Financial And Operational Results For The 2012 Fourth Quarter And Full Year
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