Chesapeake Agrees to Terminate Gas Gathering and Downstream Agreements in the Barnett; Mid-Continent Gas Gathering Fees Reduced by More Than 35%; Chesapeake to Make $400 Million Payment to Williams Partners; Closes on Monetization of Gas Supply Contract OKLAHOMA CITY, Aug. 10, 2016 /PRNewswire/ -- Chesapeake Energy Corp. (NYSE:CHK) today announced that it has entered into an agreement to convey its interests in the [...]
OKLAHOMA CITY, Aug. 4, 2016 /PRNewswire/ -- Chesapeake Energy Corp. (NYSE:CHK) today reported financial and operational results for the 2016 second quarter. Highlights include: Total debt reduction of more than $1.0 billion year to date 2016 second quarter production averaged approximately 657,100 boe per day; company increases full-year 2016 production guidance by 3% while maintaining capital expenditure guidance Cost [...]
OKLAHOMA CITY, July 14, 2016 /PRNewswire/ -- Chesapeake Energy Corp. (NYSE:CHK) today announced it has scheduled to release its 2016 second quarter financial results before market open on Thursday, August 4, 2016. A conference call to discuss the results has been scheduled for the same day at 9:00 am EDT. The telephone number to access the conference call is 866-454-4209 or international toll 913-312-9308. The passcode [...]
Claims tied to company's $588 million midstream asset sale in 2009 DALLAS, July 1, 2016 /PRNewswire/ -- More than 30 business entities and individuals, including Fort Worth's Kimbell Art Foundation, are suing Chesapeake Energy Corp. (NYSE: CHK) based on claims that the company structured a series of contracts in order to receive excessive fees and other charges after the 2009 sale of its Barnett Shale midstream assets [...]
OKLAHOMA CITY, April 20, 2016 /PRNewswire/ -- Chesapeake has scheduled to release its 2016 first quarter financial results before market open on Thursday, May 5, 2016. A conference call to discuss the results has been scheduled for the same day at 9:00 am EDT. The telephone number to access the conference call is 913-981-5571 or toll-free 888-211-7449. The passcode for the call is 8725419. The number to access the [...]
OKLAHOMA CITY, April 11, 2016 /PRNewswire/ -- Chesapeake Energy Corp. (NYSE:CHK) today announced it has amended its $4.0 billion secured revolving credit facility agreement maturing in 2019 with its bank syndicate group. Key attributes include: Borrowing base reaffirmed at $4.0 billion, consistent with current availability Next scheduled redetermination of borrowing base postponed until June 2017 Senior secured leverage [...]
DALLAS, March 8, 2016 /PRNewswire/ -- Members of South Texas' prominent Dilworth family and related owners of mineral rights located on three of the family's Texas ranches are suing Chesapeake Energy Corp. (NYSE: CHK) and the other working interest owners for more than $9.4 million in alleged unpaid or underpaid royalties. The plaintiffs have also sought a declaration as to the termination of the three leases in question [...]
NEW YORK, March 2, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Chesapeake Energy Corp. ("Chesapeake Energy" or the "Company") (NYSE: CHK). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980. The investigation concerns whether Chesapeake Energy and certain of its officers and/or directors have violated Sections 10(b) and [...]
OKLAHOMA CITY, Feb. 24, 2016 /PRNewswire/ -- Chesapeake Energy Corp. (NYSE: CHK) today provided financial and operational guidance for 2016 and reported financial and operational results for the 2015 full year and fourth quarter. Highlights include: Planned 2016 total capital expenditures ranging from $1.3 to $1.8 billion, approximately 57% lower than 2015 levels Projected 2016 production decline of 0% to 5%, adjusted [...]
OKLAHOMA CITY, Feb. 8, 2016 /PRNewswire/ -- Chesapeake Energy Corp. (NYSE:CHK) stated today that Kirkland & Ellis LLP has served as one of Chesapeake's counsel since 2010 and continues to advise the company as it seeks to further strengthen its balance sheet following its recent debt exchange. Chesapeake currently has no plans to pursue bankruptcy and is aggressively seeking to maximize value for all shareholders [...]
OKLAHOMA CITY, Feb. 3, 2016 /PRNewswire/ -- Chesapeake has scheduled to release its 2015 fourth quarter and year-end operational update and financial results before market open on Wednesday, February 24, 2016. A conference call to discuss the results has been scheduled for the same day at 9:00 am EST. The telephone number to access the conference call is 785-424-1666 or toll-free 877-876-9177. The passcode for the call is [...]
OKLAHOMA CITY, Jan. 22, 2016 /PRNewswire/ -- Chesapeake Energy Corp. (NYSE:CHK) announced today that it has suspended payment of dividends on each series of its outstanding convertible preferred stock effective immediately. Doug Lawler, Chesapeake's Chief Executive Officer, commented, "The board and management believe this decision is in the best long-term interest of all Company stakeholders. Today's decision to suspend [...]