Chesapeake Energy Corp.

Chesapeake Energy Corp. (NYSE:CHK) today announced that Brad Sylvester will join Chesapeake as Vice President – Investor Relations and Communications. Sylvester joins Chesapeake from Southwestern Energy Company. He will report to Chesapeake’s Chief Financial Officer, Nick Dell’Osso. Doug Lawler, Chesapeake’s Chief Executive Officer, commented, “Brad is a highly talented and proven investor relations professional with [...]

Chesapeake Energy Corp. (NYSE:CHK) today reported financial and operational results for the 2014 second quarter. Key information related to the second quarter is as follows: Company reports adjusted net income of $0.36 per fully diluted share and adjusted ebitda of $1.277 billion Average production of approximately 695,000 boe per day increases 13% year over year, adjusted for asset sales Average oil production of [...]

Chesapeake Energy Corp. (NYSE:CHK) announced today that it has entered into an agreement with RKI Exploration & Production, LLC (RKI) to exchange nonoperated interests in approximately 440,000 gross acres in the Powder River Basin (PRB) in southeastern Wyoming. Under the agreement Chesapeake will convey to RKI approximately 137,000 net acres and its interest in 67 gross wells, with an average working interest of 22% in [...]

Chesapeake Energy Corp. (NYSE:CHK) has scheduled to release its 2014 second quarter operational update and financial results before market open on Wednesday, August 6, 2014. 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 913-312-1469 or toll-free 888-778-8903. The passcode for the call is 3038618. We encourage those who [...]

Chesapeake Energy announced today it has completed the spin-off of its oilfield services business, previously conducted through Chesapeake Oilfield Operating, L.L.C., into a stand-alone, publicly traded company called Seventy Seven Energy Inc. Following the close of business on June 30, 2014, Chesapeake distributed to its shareholders one share of common stock of SSE for every 14 shares of Chesapeake common stock [...]

Chesapeake Energy today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on July 31, 2014 to common shareholders of record on July 16, 2014. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

Chesapeake Oilfield Operating that will be renamed Seventy Seven Energy Inc. in connection with its previously announced spin-off from Chesapeake, announced today the pricing of $500 million in aggregate principal amount of 6.5% senior unsecured notes due 2022 in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers. The Notes mature [...]

Chesapeake Energy Corp. (NYSE:CHK) announced today that the spin-off of Chesapeake’s oilfield services business into a stand-alone, publicly traded company called Seventy Seven Energy Inc. (SSE) has been approved by the Chesapeake Board of Directors. The two companies will be separated through the distribution of SSE common stock to holders of Chesapeake common stock on a pro rata basis. Chesapeake shareholders will [...]

Chesapeake Oilfield Operating in connection with its previously announced spin-off from Chesapeake Energy, announced today that, subject to market conditions, it intends to offer for sale $500 million in aggregate principal amount of senior unsecured notes due 2022 in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers. The Company [...]

Chesapeake Energy Corp. (NYSE:CHK) today updated its currently anticipated 2014 asset sales and divestitures and the projected impact of such transactions on its 2014 Outlook. The company also introduced preliminary estimated ranges for its 2015 adjusted production growth and total capital expenditures. These items will be discussed in more detail at the company's 2014 Analyst Day event, to be held in Oklahoma City this [...]