Q4 production exceeds expectations by 14 MBOEPD
Chesapeake Energy (stock ticker: CHK) announced preliminary Q4 production, significantly exceeding expectations.

Chesapeake produced about 463 MBOEPD in Q4, 86.5 MBOEPD of which was composed of oil. Bloomberg reports Chesapeake was expected to produce 449 MBOEPD in Q4, so this result significantly exceeds expectations.

While the company’s production fell short of the 537 MBOEPD the company produced in Q3, Chesapeake no longer owns its Utica assets, as the company’s previously announced sale closed in October. Chesapeake’s Utica assets produced 119 MBOEPD in Q3, 10 MBOEPD of which was oil. This sale was offset by rapid growth in the Powder River Basin and the Eagle Ford, as Chesapeake re...

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