Chesapeake Energy Corp.

Total Proceeds from Eagle Ford Exit to Top $3.5 billion Chesapeake Energy Corp. today announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. for $700 million, bringing the total proceeds from its Eagle Ford exit to more than $3.5 billion. "We are pleased to have successfully completed the exit of our Eagle Ford asset, allowing us to focus our capital and team on [...]

Attorneys for DeSouza Law, P.C., of San Antonio, Texas continue to pursue litigation against Chesapeake Energy Corp., an independent exploration oil and energy exploration company, following its January 29, 2020, oil well explosion. Three men passed away, one was severely burned, and three others suffered severe physical injuries and significant emotional trauma from trying to save other men injured during the blow out [...]

Chesapeake Energy Corp. today reported 2023 second quarter financial and operating results. Net cash provided by operating activities of $515 million Net income of $391 million, or $2.73 per diluted share ; adjusted net income of $92 million, or $0.64 per share Delivered total net production of 3,653 mmcfe per day and adjusted EBITDAX of $524 million Increased base dividend approximately 4.5%; announced total quarterly [...]

Chesapeake Energy Corp. today announced that it will release its 2023 second quarter operational and financial results after market close on Tuesday, August 1, 2023. A conference call to discuss the results has been scheduled on Wednesday, August 2, 2023 at 9:00 am EST. The telephone number to access the conference call is 1-888-317-6003 / INT TOLL: 1-412-317-6061, passcode 7847679. A webcast link to the conference call [...]

Chesapeake Energy Corp. today announced that it has achieved recertification of its natural gas production across the entirety of its Marcellus operations, which averaged approximately 4.4 billion cubic feet of gross natural gas per day during the first quarter of 2023. The company received a grade A under the MiQ methane emissions standard and a grade A- from Equitable Origin's EO100™ Standard for Responsible [...]

Chesapeake Energy Corp. today published its 2022 Sustainability Report, marking the company's 11th year reporting on its environmental, social and governance performance. This report continues the company's commitment to transparency, enhanced disclosures and measurable progress. "The world is short on energy, and we must ensure today's market has an adequate energy supply to meet consumer needs, while reducing our carbon [...]

Chesapeake Energy Corp. today reported 2023 first quarter financial and operating results. Net cash provided by operating activities of $889 million Net income totaled $1,389 million, or $9.60 per diluted share; adjusted net income totaling $270 million, or $1.87 per diluted share Delivered adjusted EBITDAX of $774 million and $241 million in adjusted free cash flow Announced total quarterly dividend of $1.18 per common [...]

Chesapeake Energy Corp. today announced that it will release its 2023 first quarter operational and financial results after market close on Tuesday, May 2, 2023. A conference call to discuss the results has been scheduled on Wednesday, May 3, 2023 at 9:00 am EST. The telephone number to access the conference call is 1-888-317-6003 / INT TOLL: 1-412-317-6061, passcode 5806932. A webcast link to the conference call will be [...]

Chesapeake Energy Corp. and Gunvor Group Ltd today announced that Gunvor Singapore Pte Ltd has entered into a Heads of Agreement with Chesapeake Energy Marketing L.L.C. a subsidiary of Chesapeake Energy Corp.. Under the HOA, Chesapeake will supply up to 2 million tonnes of LNG per annum to Gunvor with the purchase price indexed to Japan Korea Marker for a period of 15 years. Following the execution of the HOA, Chesapeake [...]

Chesapeake Energy Corp. today announced that it has executed an agreement to sell a portion of its remaining Eagle Ford asset to INEOS Energy for $1.4 billion. "Today marks another important step on our path to exiting the Eagle Ford as we focus our capital on the premium rock, returns and runway of our Marcellus and Haynesville positions," said Chesapeake President and Chief Executive Officer Nick Dell'Osso. "We are [...]