Shale Giant Chesapeake To Exit Oil As It Focuses On Natural Gas Shale pioneer Chesapeake Energy will focus on its key shale gas plays in the United States and will consider its oil-producing acreage in the Eagle Ford as non-core business in a shift toward gas and deals with LNG exporters. Chesapeake Energy, which went through bankruptcy in 2020 when oil and gas prices crashed, said in its Q2 results release this week that it is solidifying its strategic focus on its gas assets while reducing its Eagle Ford position. Chesapeake Energy, the pioneer of shale gas production during the first shale revolution,…