Chesapeake Energy – Page 5

Chesapeake Replaces Utica Oil in Only Two Months

January 9, 2019

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

Chesapeake Energy, Fracing Pioneer, Bet on Oil. Then Prices Plunged

January 2, 2019

From The Wall Street Journal Chesapeake Energy Corp. CHK +3.58% , best known for its trailblazing pursuit of natural gas from shale formations, is making a big bet on the oil below the rolling grasslands of eastern Wyoming. Its timing doesn’t look great. U.S. oil prices have fallen more than 40% since early October to close at $45.41 a barrel on Monday, straining the

Hi-Crush will Supply Northern White Frac Sand to Chesapeake’s Marcellus and PRB Ops

November 14, 2018

Chesapeake Energy (stock ticker: CHK) has signed up with Hi-Crush Partners LP (stock ticker: HCLP) for a new, long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake’s completions program in the Marcellus and Powder River basins. Hi-Crush Partners announced a long-term contract with Chesapeake Energy to supply Northern White sand to Chesapeake’s Marcellus and

$3.98 Billion Deal Creates Major Eagle Ford Player

October 30, 2018

Second Eagle Ford deal in two days Chesapeake Energy (ticker: CHK) announced a major acquisition today, buying Eagle Ford operator WildHorse Resource Development (ticker: WRD). WildHorse holds a large position in the northern portion of the Eagle Ford, near a portion of Chesapeake’s acreage in the play. The company is currently producing 47 MBOEPD from its 420,000 net acres in

Heard on the Call: Chesapeake Energy, Anadarko Petroleum

August 2, 2018

During the Q2 conference calls this week, some enlightening comments were made by oil and gas company CEOs. Chesapeake Energy (NYSE:CHK) CEO Doug Lawler examines 2019 goals Q: Can you talk about 2019 and what the broad parameters of how that is going to look. It sounds like you guys are planning to stop the outspending versus cash flow and

Chesapeake: PRB is the New Growth Engine

August 1, 2018

Chesapeake Energy Corporation (NYSE:CHK) reported financial and operational results for the 2018 second quarter. Highlights Net loss available to common stockholders of $40 million, or $(0.04) per diluted share Adjusted net income attributable to Chesapeake of $139 million, or $0.15 per diluted share Average production of approximately 530 MBOEPD up 8% YOY Average oil production of approximately 90 MBOEPD, up

Chesapeake “Reinvents the Utica”

May 2, 2018

Chesapeake Energy Corporation (ticker: CHK) reported net income available to common stockholders of $268 million, or $0.29 per share for Q1 of 2018. Chesapeake’s average daily production for the first quarter of 2018 was approximately 554,000 BOE, compared to approximately 528,000 BOE in Q1 2017. Chesapeake reported an average rig count of 15 in Q1 2018, with 77 gross wells

Chesapeake Energy Completes 417 Wells in 2017

February 22, 2018

Chesapeake Energy Corporation (ticker: CHK) produced approximately 593,200 BOEPD in Q4 2017. Chesapeake’s average daily production for the 2017 full year was approximately 547,800 BOE, compared to approximately 635,400 BOE in the 2016 full year. The company’s total capital investments were approximately $2.458 billion during the 2017 full year, compared to approximately $1.697 billion in the 2016 full year. Chesapeake plans to spend about

Appalachian Gas Producers Further Extend Lateral Lengths

November 2, 2017

Antero Resources Corporation (ticker: AR) reports record gas production; Chesapeake Energy Corporation (ticker: CHK) produces 30 MMcf/day with new Marcellus wells; Gulfport Energy Corporation (ticker: GPOR) leads with planned $1 billion CapEx Antero Resources Corporation (ticker: AR) Production and financial highlights Net daily gas equivalent production averaged a record 2,317 MMcfe/d, a 24% increase over the prior year quarter Record

Chesapeake Energy Sells Second Haynesville Position for $465 Million

December 21, 2016

Combined Haynesville divestitures have raised $915 million for Chesapeake Energy Oklahoma City-based Chesapeake Energy (ticker: CHK) announced Tuesday that the company has signed an agreement to sell the second of two non-core positions in the Haynesville. The northern Louisiana assets will be sold to an affiliate of Covey Park Energy, a private energy company, for $435 million, according to Chesapeake.

Chesapeake Selling First of Two Haynesville Positions for $450 Million

December 5, 2016

Haynesville transaction takes tally to $2 billion in gross divestitures in 2016 for Chesapeake Energy Oklahoma City-based Chesapeake Energy Corp. (ticker CHK) announced that the company signed an agreement to sell a portion of its Haynesville shale acreage and producing assets in northern Louisiana to a private company for approximately $450 million. Included in the sale are approximately 78,000 net

Chesapeake’s 25,000-Ton Monster Frac and U.S. Silica’s 19,000-Ton Sand Shipment Set Records

October 24, 2016

Monster fracs, superlaterals are here to stay Remember when that kid you didn’t like in middle school used to tell you to ‘go pound sand’? Somebody who later became a petroleum engineer has heeded that advice and began to work on the monster frac. Sand, known in the oil and gas industry as proppant, is what’s hot. In today’s world

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