Encino Energy is a partner in
But where Chesapeake spent freely to explore new areas –and piled up debt —
“All of that is part of a longer-term strategy to run this as a normal business that needs to be profitable, less volatile and therefore better for its shareholders, its employees and the community,” Murchison told The Canton Repository after he and other members of
On Thursday, Murchison and chief operations officer
Encino Energy's partner in
When the industry slumped in 2015,
He said the company would probably never reach Chesapeake's frenetic pace.
“The team's coming together really well,” Murchison said.
The crews are concentrating on
So far, wells are performing 20 to 40 percent better than expected, and
“We see a lot of upside here,” Walker said. “I think we're going to be able to grow the asset and create those generational jobs that everybody looks for.”
And EAP is looking to buy more assets.
“As we like to say, the business that we're running is
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