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Thursday, February 13, 2014

Chesapeake CEO Lawler Highlights Importance of Utica Shale in Conference Call

Doug Lawler
Chesapeake Energy CEO Doug Lawler held a conference call to discuss the company's 2014 outlook and capital program last week.  Here is a small portion of the transcript that focuses on the Utica shale:
Brian Singer - Goldman Sachs 
Can you give us a sense of your waiting of growth among your key areas for this year; certainly the Utica is expected to see a nice step-up extensively in the first half? How much of your growth is coming from the Utica versus your other key players?

Doug Lawler - CEO
Well, the Utica program is performing extremely well despite some significant challenges with weather in the past several months. We see a very strong ramp in the production in Utica in 2014 as infrastructure and compression processing comes available to us and we're very excited Brian at what we see up there.
That is just a very small snippet of what is available in the full transcript, which can be viewed on Seeking Alpha's website by clicking here.  Lawler goes on to describe the Utica shale as "huge liquid lever" for Chesapeake.

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