Operator · Barnett Shale, Cleveland & Granite Wash
Chesapeake Energy Corp
80 articles mentioning Chesapeake Energy Corp · Page 3 of 4
Chesapeake Out of NYSE Compliance; Mulls Possible Reverse Stock Split
Chesapeake Energy Corp. has received a listing warning from the NYSE as the company has failed to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The Company intends...
Chesapeake Energy to Get $1.5 Billion Lifeline
Chesapeake Energy announced today that it has engaged JPMorgan Chase Bank, N.A., Morgan Stanley Bank, N.A., Bank of America, N.A. and MUFG Bank, N.A. to assist with the arrangement of a secured first lien last out...
Comstock in Talks to Buy Chesapeake's Haynesville Asset
Reuters is reporting that Comstock Resources is in talks to buy Chesapeake Energy's Haynesville asset for around $1 billion. Comstock has been ramping up acquisitions in the Haynesville in 2019 - acquiring Covey Park in July...
NGP Rep Resign from Chesapeake Board
NGP Energy Capital partners Scott A. Gieselman and David W. Hayes informed Chesapeake Energy Corp. that they have resigned from the Company’s Board of Directors. Gieselman and Hayes served as NGP’s representatives on the Company’s Board...
The Troubles Continue for Chesapeake as NGP Moves to Distribute Shares
The troubles continue to pile up for Chesapeake Energy Corp. PE firm Natural Gas Partners (NGP), who owns a 16% stake in Chesapeake, has begun distributing its Chesapeake shares to its partners. Before we jump into...
Major Eagle Ford Operator Hints at Possible Default; Talks 2020 Capex, 13 Rigs
In what one could consider a move back to 2016, Chesapeake Energy Corp. is planning a 2020 capex program of $1.3 - $1.6 billion and 13 rigs. This capex cut would represent a 30% reduction from...
Chesapeake Talks Q2 2019 Results
Chesapeake Energy Corp. reported financial and operational results for the 2019 second quarter. Highlights include: Increasing Oil Production, Enhancing Capital Efficiency, Growing Margins and Progressing Toward Sustainable Free Cash Flow Delivered record oil production of 122,000...
Chesapeake Moving MidCon, Marcellus Rigs to Powder River Basin
Chesapeake provided an update to its development plans for the remainder for 2019. The plan includes the following. Reducing rig count in Marcellus and Haynesville by (-40%) Increasing Powder River Basin rig count by +20% Increaseing...
Chesapeake Q1: TIL Activity Flat YOY with 12 Rigs Active; Focuses on Upping Oil Output
Chesapeake Energy Corp. reported its Q1 2019 results. Here are the highlights. Q1 2019 Spending Only UP +3% Despite WildHorse Acquisition Chesapeake's spending in Q1 was approximately $559 million, including capitalized interest of $6 million. This...
NGP Sells Down Its Position In Chesapeake Energy
The biggest sharehold of Chesapeake's stock has trimmed its position in the firm. NGP sold 568k chesapeake shares on March 26, for $1.85 million on a average of $3.25 each, this is according to a SEC...
Chesapeake Energy Biggest Stock Holder Trims Position
NGP who became the biggest single stock holder in Chesapeake after the acquisition of Wildhorse Resources trimmed that position in the company by selling 5.9 million of shares for $19.5 million, at a average price of...
Chesapeake Bucks Trend, Ups 2019 Capex, Activity; Bets Big on New 'Brazos Valley' Unit
Chesapeake Energy has detailed its 2019 capital plan. While many E&Ps are releasing more conservative capital budgets and operational plans, Chesapeake is increasing overall activity and spending for 2019. Its new 'Brazos Valley' asset is getting...
Chesapeake Finalizes Acquisition of WildHorse; Changes Strategy
Chesapeake Energy has completed its acquisition of WildHorse Resource Development Corp. This deal cements Chesapeake as the top acreage holder in the Eagle Ford with 655,000 net acres (pro forma). The merger was previously approved by...
Eagle Ford Operator to Cut Rig Count by 20% in 2019
Chesapeake Energy Corp. detailed its rig plans for 2019 - which includes cutting its fleet by approximately 20% (from 18 rigs down to 14). We took a look at the company's rig trends over recent months...
Chesapeake Touts Record-Breaking Marcellus IP24s; Talks PRB, Eagle Ford Production
Chesapeake Energy reported selected financial and operational results for the 2018 fourth quarter. Marcellus - Touts Two New IP24 Records Two new Lower Marcellus records were set in northern Sullivan County during Q4 due to optimized...
Chesapeake Inks Eagle Ford Frac Sand Deal with Emerge
Emerge Energy Services subsidiary Superior Silica Sands LLC has signed a new agreement with Chesapeake Energy Corp. covering frac sand supplied from Superior's San Antonio mine in South Texas. Chesapeake will procure frac sand from Superior's...
Chesapeake to 'Drop Back' Haynesville Activity in 2019; Drills First 15K Lateral
As a part of its Haynesville Shale Update, Shale Experts is taking a look at Chesapeake Energy's latest activity in the play. 2019 - Dropping Activity, Fewer Rigs Chesapeake's EVP of Exploration & Production, Frank J....
Chesapeake Taps Pronghorn for Frac Sand Services in the PRB
Pronghorn Logistics has entered into a long-term agreement to provide Chesapeake Energy with frac sand management, logistics, and wellsite services in Wyoming’s Powder River Basin. Pronghorn CEO Dirk Hallen commented: “The entire Pronghorn Team is excited...
Chesapeake Touts Best PRB Turner Well to Date in Q3; Talks 2019 Rig Plans
Chesapeake Energy reported its Q3 2018 results. The company also announced that it signed a deal to acquire Eagle Ford operator WildHorse Resource Development (click here to access this deal in Shale Experts' M&A Database). Rig...
Chesapeake Reports Changes to Credit Facility
Chesapeake Energy has amended and restated its senior secured revolving credit facility agreement. The amended and restated facility received initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3.0 billion borrowing base the company...