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Chesapeake swears off big spending

Aug 08, 2012 05:16 SGT
Chesapeake swears off big spending

Chesapeake Energy, bowing to investor pressure, said on Tuesday it plans to stop spending heavily on oil and gas properties next year in a strategic shift from land acquisition to resource development.

http://www.upstreamonline.com/live/article1262386.ece

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