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CHK · Chesapeake Energy (Expand Energy)

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2026-SEP-10 · Toby McKenna · Trevor Rose (podcast) · Neutralmention · ▶ 33:11 · source page ↗

In short: Used as the archetype of the shale-era price elasticity that destroyed storage economics: "when the price would go to two bucks or three bucks, Chesapeake would turn on drill-baby-drill times… and when you got down to a dollar, they would shut in." Historical illustration of a behaviour he argues is now gone, not a stance.

33:11From a storage perspective though, that shale was the number one competitor to natural gas storage. When the price would go to two bucks or three bucks, Chesapeake would turn on drill-baby-drill times, right? And all of a sudden the price would drop and then when you got down to a dollar, they would shut in.

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