Chesapeake Energy said it has raised its asset sales target and its production forecast for the year.
The company has kept its capital budget unchanged.
Since the decline in oil price Chesapeake has been struggling with the weak oil and gas prices.
Asset sales are now targeting more than $2billion from between $1.2billion and $1.7billion previously.
Chespeake said total revenue has halved from $1.62billion.
The company raised its 2016 production forecast by 3%.
