Chesapeake Energy Corp (CHK)

[Noodle2]

"Saudis tell U.S. oil: OPEC won't extend cuts to offset shale"

"Oil producers led by Saudi Arabia and top non-OPEC exporter Russia are in an uneasy truce with U.S. shale firms after a two-year price war that sent many shale producers to the wall. The Saudis and Russia led a deal to curb output in late 2016 to end a global supply glut that pushed oil prices to a 12-year low.

The resulting rise in oil prices has sparked a rush of new output by shale producers, who this week outlined ambitious production growth plans across the United States."

http://www.reuters.com/article/us-ceraweek-saudi-shale-idUSKBN16G2TJ