Operator · Barnett Shale, Cleveland & Granite Wash
Chesapeake Energy Corp
80 articles mentioning Chesapeake Energy Corp · Page 1 of 4
Large E&P To Defer Completion Activity, Build DUCs
Chesapeake Energy reported it first quarter results and it's as expected, similar to other gas players like Antero, CNX and Range all cited weak nat gas prices and its impact on the remaining 2024 development plans....
Chesapeake Energy Corporation First Quarter 2023 Results
Chesapeake Energy Corporation announced first quarter 2023 results. Highlights Net cash provided by operating activities of $889 million Net income totaled $1,389 million, or $9.60 per diluted share; adjusted net income(1) totaling $270 million, or $1.87...
Chesapeake Energy Q4, Full Year 2022 Results; IDs $1.8B 2023 Capex
Chesapeake Energy Corp. reported fourth quarter and full-year 2022 results and issued 2023 guidance. Fourth Quarter 2022 Highlights: Net cash provided by operating activities of $1,050 million Net income totaled $3,513 million, or $24.00 per fully...
Chesapeake Energy Third Quarter 2022 Results
Chesapeake Energy Corp. reported 2022 third quarter financial and operating results. 3Q Highlights: Net cash provided by operating activities of $1,313 million Net income totaled $883 million, or $6.12 per diluted share; adjusted net income(1) totaled...
Chesapeake Engages Evercore to Market Eagle Ford Portfolio
Chesapeake Energy Corp. has tapped investment banking firm Evercore to assist in selling its Eagle Ford asset portfolio, according to a report by Bloomberg. In early August, Chesapeake signaled that it will be exiting all oil-focused...
Large E&P Selling Eagle Ford Assets; 600k Net Acres
In its 2Q report, Chesapeake Energy Corp. has signaled that it will be exiting all oil-focused ventures, which will result in a future sale of its robust Eagle Ford asset position. In the future, the company...
Chesapeake Energy Corp. Second Quarter 2022 Results
Chesapeake Energy Corp. reported 2022 second quarter financial and operating results and announced the company is taking actions to solidify its strategic focus on its core Marcellus and Haynesville positions. Highlights: Net cash provided by operating...
Chesapeake Energy Corp. First Quarter 2022 Results
Chesapeake Energy Corp. reported 2022 first quarter financial and operating results. Highlights include: Net cash provided by operating activities of $853 million Delivered $532 million in adjusted free cash flow(1), the highest quarterly amount in company...
Activist Investment Firm Kimmeridge Takes Aim at Chesapeake; Proposes Changes
Chesapeake Energy Corp. has begun talks with stakeholder and activist investment firm Kimmeridge Energy in an effort to boost Chesapeake's value, according to a report by Reuters. Kimmeridge has declined to go into detail on specifics...
Chesapeake Finalizes Acquisition of Chief E&D Holdings
Chesapeake Energy Corp. has completed its previously announced acquisition of Chief E&D Holdings LP and associated non-operated interests held by affiliates of Tug Hill, Inc. Nick Dell'Osso, Chesapeake's President and Chief Executive Officer, commented, "The Chief...
Chesapeake to Complete 205 Wells in 2022; 10 to 15 Rigs Running
Chesapeake Energy Corp. reported its detailed 2022 capital plan and guidance. 2022 Plan - Capex: $1.5-1.8 billion - up 20% vs. 2021 (pro forma Vine / Chief acquisitions) Marcellus: $425-525 million (~30%) Eagle Ford: $375-475 million...
Chesapeake Energy Fourth Quarter, Full Year 2021 Results
Chesapeake Energy Corp. reported fourth quarter and full-year 2021 results and updated 2022 guidance. 2021 Fourth Quarter Highlights: Net cash provided by operating activities of $563 million; unrestricted cash balance of $905 million Net income of...
Chesapeake Taps Former Conoco Exec as New COO
Chesapeake Energy Corp. announced that Josh Viets has been appointed Executive Vice President and Chief Operating Officer, effective February 1, 2022. About Viets: For the last 20 years, Mr. Viets has worked in operational positions of...
Chesapeake Raises 2022 Budget on Heels of Chief Acquisition; Adds Rigs
Chesapeake Energy has updated its 2022 guidance/outlook on the heels of its dual deal announcements made on January 25, 2022. 2022 Plans Updated capex of $1.5-1.8 billion - up by $200 million at the midpoint from...
An Early Look at 2022: E&P Budget, Drilling & Completion Plans
Several operators gave a sneak peek of their 2022 capital plans in their Q3 reports. Below is a summary of what the E&Ps are planning for next year. Capital budgets are set to increase and, with...
Chesapeake Taps Former BPX Exec as New CFO
Chesapeake Energy Corp. announced that Mohit Singh has been appointed Executive Vice President and Chief Financial Officer, effective December 6, 2021. About Singh: For the last six years, Mr. Singh has served on the executive leadership...
Chesapeake Energy Third Quarter 2021 Results; Preliminary 2022 Guidance
Chesapeake Energy Corp. reported 2021 third quarter results. Updates to 2021 and Preliminary 2022 Guidance Chesapeake increased its expected 2021 adjusted EBITDAX range to approximately $2.1 to $2.2 billion, up from $1.8 to $1.9 billion previously,...
Chesapeake Energy Wraps Up $2.2B Acquisition of Vine Energy
Chesapeake Energy Corp. has completed its previously announced $2.2B acquisition of Vine Energy Inc. The transaction was approved by Vine stockholders at a special meeting held on November 1, 2021. Vine stockholders will receive fixed consideration...
New President/CEO Takes Helm of Chesapeake Energy Corp.
Chesapeake Energy Corp.'s board has unanimously voted to appoint Domenic "Nick" Dell'Osso as President and Chief Executive Officer and a member of the company's Board of Directors, effective immediately. Mike Wichterich, who served as Interim Chief...
U.S. E&P Companies Continue to Consolidate; Oasis, Chesapeake, Laredo, PVA, & More
A big trend for 2021 sees E&Ps expanding their asset portfolios in core areas, while simultaneously discarding their positions in non-core plays. Companies such as Whiting, Chesapeake, Oasis, Laredo, and numerous others have struck deals recently...