Most companies heavily weighted in natural gas, like Chesapeake Energy (NYSE:CHK), are using a strategy of developing a more balanced porfolio of assets in order to deal with the low price of natural gas, which probably won't rise in price much in the near term.
At this time Chesapeake has a ratio of about 90 percent natural gas to 10 percent liguids, and their goal is to bring it to 80 percent natural gas to 20 percent liquids.
Chesapeake said they'll be cutting their rig count to 105 rigs, or 12 percent as part of their strategy, while reducing it even more in 2011 by 17 percent as far as what they spend in the gas segment.
Ethane, butane, isobutane, propane and natural gasoline are natural gas liquids companies are gravitating towards.
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