With its stock price down by more than 75% by early December, it’s clear Chesapeake Energy(NYSE:CHK) made some poor choices in 2015. Here’s a look back at some of the worse moves it made in 2015.

Keeping its foot on the gas
In late February, Chesapeake Energy released its 2015 capital expenditures plan. At that time the company anticipated spending $4 billion to $4.5 billion, which while 26% less than it spent in the prior year, was still expected to raise its adjusted production to 645,000 to 655,000 barrels of oil equivalent per day (BOE/d), or 3%-5% over the prior year. Investors and analysts, however, widely panned the plan because it would result in the company maintaining its practice of outspending its cash flow while at the same time growing production into an oversupplied market.