HOUSTON (Reuters) - Chesapeake Energy Corp
Dixon, seeking to reassure investors following the departure of CEO Aubrey McClendon, said on a conference call that he had "tremendous confidence" that Chesapeake's spending would not exceed the company's planned drilling budget of about $6 billion.
Chesapeake, which has pledged to sell up to $7 billion in oil and gas properties this year, has so far sold or signed deals totaling $1.5 billion, Dixon said.
On Friday, Chesapeake announced Dixon's appointment as interim CEO and said he was part of a three-person team to lead the second-largest U.S. producer of natural gas as it continues its search for a permanent replacement for McClendon.
McClendon's departure was announced in late January, following a governance crisis and a liquidity crunch caused by heavy spending on oil and gas acreage and a collapse in the price of natural gas.
Shares of Chesapeake were up 0.6 percent at $20.54 in early New York Stock Exchange trading.
(Reporting by Anna Driver; Editing by Lisa Von Ahn)