Replies to post #7038 on Chesapeake Energy Corp (CHK)

[CPTMatt]

Nate has a significant portion of gulf production shut down

Thanks to Harvey, and now Nate, natural gas production in the Gulf of Mexico has plunged to the lowest level in three years. Gulf gas output may drop as much as 1.4 billion cubic feet a day, while 1.1 million barrels a day of offshore oil production and 3 million barrels of refining capacity are at risk, according to Shunondo Basu, an analyst at Bloomberg New Energy Finance.

http://www.zerohedge.com/news/2017-10-07/state-emergency-declared-gulf-coast-nate-approaches