In the U.S., Big Gas Following Footsteps of Big Oil

August 4, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--U.S. natural gas companies followed the path of their oil-focused counterparts by going all in on production, boosting the nation's potential as a major player in the liquefied natural gas (LNG) market.

Chesapeake Energy Corporation (NASDAQ:CHK) (Oklahoma City, Oklahoma) said in its quarterly earnings report on Tuesday that it was strengthening its core focus on the Marcellus and Haynesville shale basins, among the largest U.S. natural gas reserves.