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shut-in

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia 0.03 sec.
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? Mentioned in ? References in periodicals archive
 
OKLAHOMA CITY -- Chesapeake Energy Corporation (NYSE:CHK) today announced that it has elected to shut-in a portion of its unhedged near-term natural gas production in light of currently low wellhead natural gas prices.
The Yoakum Field was shut-in from November 4, 2005 through November 15, 2005 due to third party pipeline constraints that stemmed from downstream capacity issues, which caused pipeline pressures to exceed our ability to deliver natural gas into the pipeline.
Decision 2005-122 had minimal impact on the Trust, targeting one additional well, producing less than 50 Mcf/d net to PET, for shut-in effective January 1, 2006.
 
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