Oklahoma City-based Chesapeake Energy is perhaps best known for its gas assets. But the company is focusing more on oil as it works to drive production growth from its Powder River Basin and newly acquired Brazos Valley assets.

Speaking recently to shareholders, Chesapeake CEO Doug Lawler said the company continues to look for cost savings and focus on oil margins following its $4 billion acquisition of WildHorse Resource Development Corp. Chesapeake sees its net 470,000-acre position in Texas’ Brazos Valley and 213,000-acre position in the Powder as oil growth engines.

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