Natural gas to liquid and natural gas infrastructure to receive $1 billion from Chesapeake

Fracking Technique

Fracking Technique

The Wall Street Journal is reporting that the steady depression in natural gas prices over the past few years has led Chesapeake Energy Corp. to a change in strategy. The energy company plans to spend $1 billion over the next 10 years investing in technologies such as natural gas to liquids and gas distribution infrastructure such as fueling stations. As part of this investment Chesapeake is betting on the natural gas to liquid technology of Sundrop Fuels Inc. investing $155 million to buy half of that company. The article credits the effectiveness of horizontal drilling and hydraulic fracturing for the imbalance in supply and demand.