McClendon: Shale consolidation is on the horizon

摘要

Investors take note: the era of booking the latest and greatest shale discovery will likely give way to an age of consolidation in already existing plays, according to comments made by Chesapeake Energy Corp.'s chief executive Aubrey McClendon during the company's annual investor meeting in October. . McClendon advised investors holding out for the next "it" play not to hold their respective breaths. "If you decided, 'I'm going to pass on the Barnett, pass on the Haynesville, (and) pass on the Marcellus,' and you were going to wait for the next four or five—there won't be any," McClendon said.