The leaders of Chesapeake Energy Corp. plan to ramp up activity in Texas’ Eagle Ford basin in 2022 as part of an investment plan they expect will contribute to forecasted profit growth of more than 50%. Oklahoma City-based Chesapeake last month reported third-quarter adjusted EBITDAX of $519 million, which was more than double its prior-year number. (Its net loss was $345 million, primarily due to the booking of $618 million in unrealized losses on oil and natural gas derivatives.) President and Chief Executive Officer Nick Dell’Osso and his team are forecasting full-year EBITDAX of more than $2.1 billion and, thanks to higher commodity prices, and expect that number to grow to $3.2-3.4 billion in 2022. Production Chesapeake averaged net production of 436,000 boe/d during the third quarter, with natural gas accounting for about 80%. The recently completed $1.3 billion acquisition of Vine Energy, which added three rigs and two […]