Williams (NYSE:WMB) today announced an expansion of gas gathering services for Chesapeake Energy (NYSE:CHK) in growing dry gas production areas of the Utica Shale in eastern Ohio and a consolidation of contracts in the Haynesville Shale in northwestern Louisiana to optimize production opportunities, streamline fee structures and restructure commitments to incentivize long-term development of the fields. The agreements [...]
Chesapeake Energy Corp. (NYSE:CHK) today announced that Doug Lawler, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York City on Tuesday, September 8, 2015, at 12:25 pm EDT (11:25 am CDT). The event will be available to the public via internet webcast. A link to the webcast will be accessible at www.chk.com/investors on the date of the event. Chesapeake Energy Corp. (NYSE:CHK) is [...]
This notice relates to a proposed voluntary dismissal of a shareholder derivative action and is being given pursuant to an order of The U.S. District Court for the Western District of Oklahoma. The purpose of the notice is to advise Chesapeake Energy Corp. (“Chesapeake” or the “Company”) shareholders that plaintiffs Jacob Shochat and Norman Spiegel in the above referenced action wish to voluntarily [...]
Chesapeake Energy Corp. (NYSE:CHK) today reported financial and operational results for the 2015 second quarter. Highlights include: • Production averaged approximately 703,000 boe per day, an increase of 13% year over year, adjusted for asset sales • Adjusted net loss of $0.11 per fully diluted share and adjusted ebitda of $600 million • 2015 total production guidance increased to 667 – 677 mboe per [...]
FORT WORTH, Texas, July 28, 2015 /PRNewswire/ -- Lonestar Resources, Ltd. (OTCQX:LNREF, ASX:LNR) is pleased to announce the closing of a $100 million Joint Development Agreement ("JDA") with IOG Capital, L.P. The Agreement provides incremental non-recourse capital for Lonestar to drill wells in its focus area of the Eagle Ford Shale play. Lonestar's agreement with IOG Capital makes available a maximum of $100 million in [...]
Chesapeake Energy Corp. (NYSE:CHK) today announced an updated financial strategy. Highlights include: Elimination of common stock dividend effective 2015 third quarter Sale of CHK Cleveland Tonkawa, L.L.C. properties and adjacent assets anticipated to close in 2015 third quarter; redemption of preferred shares in CHK Cleveland Tonkawa subsidiary Declaration of preferred stock dividends Due to the current commodity [...]
Chesapeake Energy Corp. (NYSE:CHK) today reported financial and operational results for the 2015 first quarter. Highlights include: Average production of approximately 686,000 boe per day, an increase of 14% year over year, adjusted for asset sales Adjusted net income of $0.11 per fully diluted share and adjusted ebitda of $928 million 2015 total production guidance increased to 640 “ 650 mboe per day 2015 capital [...]
Chesapeake Energy Corp. (NYSE:CHK) announced today that Frank Patterson will join the company as Executive Vice President “ Exploration, Land and Subsurface Technology. Patterson replaces John Kapchinske, who recently retired from the company. He will report to Chesapeake ™s Chief Executive Officer Doug Lawler. Lawler commented, Frank is a world-class explorer with more than 30 years of experience developing and executing [...]
Chesapeake Energy Corp. (NYSE:CHK) has scheduled to release its 2015 first quarter financial and operational results before market open on Wednesday, May 6, 2015. 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 913-312-1393 or toll-free 888-797-2983. The passcode for the call is 3887326. We encourage those who would like to [...]
Chesapeake Energy Corp. (NYSE:CHK) announced today that Kimberly K. Querrey has been appointed to the Board of Directors effective immediately. Querrey will serve as a member of the Audit Committee and will stand for re-election at the 2015 annual meeting of shareholders on May 22. Chairman Archie Dunham commented, “With her extensive financial experience and environmental, health and safety background, Kimberly will be a terrific resource for our Board and management team. We are pleased to welcome Kimberly and are confident that her insight will benefit the company and all of our shareholders.†Querrey is the co-founder of SQ Adviso... [...]
Chesapeake Energy Corp. (NYSE:CHK) today announced it has reduced its 2015 capital budget (including capitalized interest of $500 million) to $3.5 $4.0 billion for 2015, which is a $500 million reduction from its previous guidance of $4.0 $4.5 billion. Chesapeake plans to operate 25 35 rigs in 2015, which represents a decrease of approximately 55% from an average of 64 rigs in 2014. The company intends to spud and [...]
Chesapeake Energy Corp. (NYSE:CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on April 30, 2015 to common shareholders of record on April 15, 2015. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below. 4.50% 5% (2005B) ...