Edition:
India

Chesapeake Energy Corp (CHK.N)

CHK.N on New York Stock Exchange

1.73USD
12:37am IST
Change (% chg)

$-0.05 (-2.54%)
Prev Close
$1.77
Open
$1.79
Day's High
$1.79
Day's Low
$1.72
Volume
4,135,484
Avg. Vol
7,213,170
52-wk High
$4.97
52-wk Low
$1.72

Latest Key Developments (Source: Significant Developments)

Chesapeake Energy Announces Early Exchange Results
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY CORPORATION ANNOUNCES EARLY EXCHANGE RESULTS.CHESAPEAKE-ANNOUNCED PRELIMINARY RESULTS OF PRIVATE OFFERS TO EXCHANGE NEW 8.00% SENIOR NOTES DUE 2026 FOR CERTAIN OUTSTANDING SENIOR UNSECURED NOTES.CHESAPEAKE ENERGY - AS OF 5:00 P.M., NEW YORK CITY TIME, ON MARCH 18 ABOUT 59.7 PERCENT OF EXISTING NOTES WERE VALIDLY TENDERED & NOT VALIDLY WITHDRAWN.  Full Article

Chesapeake Energy Says Estimated Average Q4 Production Range Of About 462,000 To 464,000 Boepd
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Chesapeake Energy Corp ::ORATION REPORTS SELECTED PRELIMINARY 2018 FOURTH QUARTER RESULTS AND OPERATIONAL UPDATE.ESTIMATED AVERAGE 2018 Q4 PRODUCTION RANGE OF APPROXIMATELY 462,000 TO 464,000 BARRELS OF OIL EQUIVALENT (BOE) PER DAY.ESTIMATED AVERAGE 2018 Q4 PRODUCTION RANGE OF APPROXIMATELY 462,000 TO 464,000 BARRELS OF OIL EQUIVALENT (BOE) PER DAY.ESTIMATED AVERAGE 2018 Q4 OIL PRODUCTION RANGE OF APPROXIMATELY 86,000 TO 87,000 BARRELS (BBLS) OF OIL PER DAY.ESTIMATED 2018 Q4 CAPITAL EXPENDITURES OF APPROXIMATELY $545 MILLION.PLAN TO REDUCE 2019 CAPITAL EXPENDITURES BY LOWERING RIG COUNT BY APPROXIMATELY 20 PERCENT.DEBT BALANCE AS OF DECEMBER 31, 2018 OF APPROXIMATELY $8.2 BILLION INCLUDING $419 MILLION DRAWN ON REVOLVING CREDIT FACILITY.EXPECT CAPITAL EFFICIENCY TO IMPROVE IN 2019.ANTICIPATE OPERATING FOUR RIGS ON WILDHORSE ACREAGE IN 2019.  Full Article

Emerge Energy Services LP Announces Sand Supply Agreement With Chesapeake Energy Corporation
Tuesday, 8 Jan 2019 

Jan 7 (Reuters) - Emerge Energy Services LP ::REG-EMERGE ENERGY SERVICES LP ANNOUNCES SAND SUPPLY AGREEMENT WITH CHESAPEAKE ENERGY CORPORATION.EMERGE ENERGY SERVICES - CHESAPEAKE WILL PROCURE FRAC SAND FROM SUPERIOR'S IN-BASIN MINE TO SUPPORT GROWING COMPLETIONS PROGRAM IN SOUTH TEXAS.  Full Article

Lonestar Asset Management Acquires Land Lease From Chesapeake Energy
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Chesapeake Energy Corp ::LONESTAR ASSET MANAGEMENT ACQUIRES LAND LEASE FROM CHESAPEAKE ENERGY.LONESTAR ASSET MANAGEMENT - ABLE TO FINALIZE FUNDING FOR ACQUISITION OF SIGNIFICANT TEXAS ACREAGE FROM CHESAPEAKE ENERGY.LONESTAR ASSET MANAGEMENT - BY FINALIZING ACQUISITION LONESTAR WILL BE ABLE TO INITIATE AGGRESSIVE DRILLING SCHEDULE BEGINNING THIS JANUARY.  Full Article

Chesapeake Energy Upon Termination Of Merger Agreement May Be Required To Pay Wildhorse $35 Million In Expense Reimbursement
Wednesday, 31 Oct 2018 

Oct 30 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY - UPON TERMINATION OF MERGER AGREEMENT WILDHORSE MAY BE REQUIRED TO MAKE AN EXPENSE REIMBURSEMENT PAYMENT OF $25 MILLION TO CHESAPEAKE.CHESAPEAKE ENERGY - UPON TERMINATION OF MERGER AGREEMENT CO MAY BE REQUIRED TO MAKE EXPENSE REIMBURSEMENT PAYMENT OF $35 MILLION TO WILDHORSE.CHESAPEAKE ENERGY CORP - IN CERTAIN OTHER CIRCUMSTANCES, WILDHORSE MAY BE REQUIRED TO PAY CHESAPEAKE A TERMINATION FEE OF $85 MILLION.CHESAPEAKE ENERGY CORP - IN CERTAIN OTHER CIRCUMSTANCES CHESAPEAKE MAY BE REQUIRED TO PAY WILDHORSE A TERMINATION FEE OF $120 MILLION.  Full Article

Chesapeake Energy Q3 Earnings Per Share $0.07
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Chesapeake Energy Corp ::Q3 ADJUSTED EARNINGS PER SHARE $0.19 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.07.Q3 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.AVERAGE 2018 Q3 PRODUCTION OF APPROXIMATELY 537,000 BARRELS OF OIL EQUIVALENT (BOE) PER DAY, UP 5 PERCENT.AVERAGE 2018 Q3 OIL PRODUCTION OF APPROXIMATELY 89,000 BARRELS (BBLS) OF OIL PER DAY, UP 13 PERCENT.QTRLY TOTAL REVENUES $2,418 MILLION VERSUS $1,943 MILLION.Q3 REVENUE VIEW $2.35 BILLION -- THOMSON REUTERS I/B/E/S.CAPITAL EXPENDITURES FOR 2018 REMAIN ON TRACK.EXPECTS TO PLACE AN ADDITIONAL 15 WELLS ON PRODUCTION IN 2018 Q4.CONTINUES TO EXPERIMENT WITH TIGHTER SPACING TESTS.PROJECTS TOTAL NET ANNUAL PRODUCTION FROM PRB TO MORE THAN DOUBLE IN 2019 COMPARED TO 2018.EXPECTS TO PLACE 53 WELLS IN EAGLE FORD ON PRODUCTION DURING 2018 Q4.CURRENTLY UTILIZING FOUR RIGS IN EAGLE FORD, PLACED 29 WELLS ON PRODUCTION DURING 2018 Q3.CURRENTLY PROJECTING AN ADDITIONAL 65 TO 70 TURNER WELLS TO BE PLACED ON PRODUCTION IN 2019.  Full Article

Chesapeake Energy Accelerates Strategic Plan With Acquisition Of Wildhorse Resource Development
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY CORPORATION ACCELERATES STRATEGIC PLAN WITH ACQUISITION OF WILDHORSE RESOURCE DEVELOPMENT CORPORATION FOR A COMBINATION OF CHESAPEAKE COMMON STOCK AND CASH.CHESAPEAKE ENERGY CORP - TRANSACTION VALUED AT APPROXIMATELY $3.977 BILLION.CHESAPEAKE ENERGY CORP - TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH COMPANY..CHESAPEAKE - DEAL PROJECTED TO DOUBLE ADJUSTED OIL PRODUCTION BY 2020 FROM STAND-ALONE ADJUSTED 2018 ESTIMATES.CHESAPEAKE ENERGY - EXPECTS TO FINANCE CASH PORTION OF WILDHORSE ACQUISITION THROUGH ITS REVOLVING CREDIT FACILITY.CHESAPEAKE ENERGY CORP - SEES PRODUCTION INCREASING TO A PROJECTED RANGE OF 125,000 TO 130,000 BARRELS (BBLS) OF OIL PER DAY IN 2019 FROM DEAL.CHESAPEAKE ENERGY CORP - $200 TO $280 MILLION IN PROJECTED AVERAGE ANNUAL SAVINGS, TOTALING $1 TO $1.5 BILLION BY 2023 FROM DEAL.CHESAPEAKE ENERGY - FUNDS MANAGED BY NGP ENERGY CAPITAL MANAGEMENT, COLLECTIVELY WILDHORSE'S LARGEST SHAREHOLDER, ENTERED AGREEMENT IN SUPPORT OF DEAL.CHESAPEAKE - DEAL IMPROVES PROJECTED 2019 NET DEBT TO EBITDA RATIO TO APPROXIMATELY 3.6X AND PROJECTED 2020 NET DEBT TO EBITDA RATIO TO ABOUT 2.8X.CHESAPEAKE ENERGY - TRANSACTION VALUE INCLUDES VALUE OF WILDHORSE'S NET DEBT OF $930 MILLION AS OF JUNE 30.CHESAPEAKE - CONSIDERATION WILL CONSIST OF EITHER 5.989 SHARES OF CHESAPEAKE STOCK OR COMBINATION OF 5.336 SHARES OF CHESAPEAKE STOCK AND $3 IN CASH.  Full Article

Chesapeake Energy Corp Announces Pricing Of $1.25 Bln Senior Notes Offering
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY CORPORATION ANNOUNCES PRICING OF $1.25 BILLION SENIOR NOTES OFFERING.CHESAPEAKE ENERGY - PRICED OFFERING OF $1.25 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES, CONSISTING OF $850 MILLION OF 7.00% SENIOR NOTES DUE 2024.CHESAPEAKE ENERGY CORP - ALSO PRICED OFFERING OF $1.25 BILLION OF SENIOR NOTES, CONSISTING $400 MILLION OF 7.50% SENIOR NOTES DUE 2026 ISSUED AT PAR.  Full Article

Chesapeake Energy Corp Announces $1.25 Bln Senior Notes Offering
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY CORPORATION ANNOUNCES $1.25 BILLION SENIOR NOTES OFFERING.CHESAPEAKE ENERGY - COMMENCED PUBLIC OFFERING OF $1.25 BILLION AMOUNT OF SENIOR NOTES, CONSISTING OF A SERIES OF SENIOR NOTES DUE 2024.CHESAPEAKE ENERGY - INTENDS TO USE NET PROCEEDS FROM OFFERING, WITH CASH ON HAND, BORROWING TO REPAY BORROWINGS UNDER SECURED TERM LOAN DUE 2021.CHESAPEAKE ENERGY CORP - ALSO COMMENCED PUBLIC OFFERING OF $1.25 BILLION AMOUNT OF SENIOR NOTES, CONSISTING OF A SERIES OF SENIOR NOTES DUE 2026.  Full Article

Chesapeake Energy Announces Amended And Restated Senior Secured Revolving Credit Facility
Thursday, 13 Sep 2018 

Sept 12 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY CORPORATION ANNOUNCES AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT FACILITY.CHESAPEAKE ENERGY CORP - AMENDED AND RESTATED FACILITY RECEIVED INITIAL COMMITMENTS FROM 15 INSTITUTIONS TOTALING $3.8 BILLION.CHESAPEAKE ENERGY CORP - CREDIT FACILITY WILL MATURE IN SEPTEMBER 2023.  Full Article

Chesapeake sees growth from less-crowded Wyoming basin in second half

Oil and gas producer Chesapeake Energy Corp on Wednesday reported better-than-expected quarterly production and said it expects growth in the second half to get a boost from the less-crowded Powder River Basin in Wyoming.