Chesapeake Energy Corporation Selected to Receive Oil and Gas Investor Excellence Award for the 2010 M&A Deal of the Year
Chesapeake Energy Corporation (NYSE:CHK) today announced it has been
selected to receive the Oil and Gas Investor Excellence Award for the
2010 M&A Deal of the Year for its $2.2 billion joint venture transaction
with CNOOC Limited (NYSE:CEO; SEHK:0883) in the Eagle Ford Shale in
South Texas. The 7th annual Excellence Awards will be made by Oil
and Gas Investor magazine at Hart Energy′s annual Energy Capital
Conference in Houston on June 2, 2011. Chesapeake also previously
received the award for M&A Deal of the Year in 2005 for the acquisition
of Columbia Natural Resources.
Leslie Haines, Oil and Gas Investor Editor-in-Chief, commented,
'This year′s Deal of the Year Award recognizes a groundbreaking
transaction between a premier U.S. oil and gas producer and a Chinese
multinational company to develop a world-class asset onshore in the U.S.
We are pleased to select Chesapeake for this important transaction and
also recognize Chesapeake for all of the joint venture transactions it
has completed over the past four years that have changed the shale and
Acquisition & Divestiture landscapes.?
Aubrey K. McClendon, Chesapeake′s Chief Executive Officer, commented,
'We are very honored to be selected to receive this prestigious award
from Oil and Gas Investor and pleased that the first of our two
joint venture transactions with CNOOC will be so prominently recognized.
We greatly appreciate the investments CNOOC has made with Chesapeake in
both the Eagle Ford Shale and the Powder River and DJ Basins and look
forward to accelerating the development of these large domestic oil and
natural gas resources.?
In 2011, Oil and Gas Investor magazine celebrates 30 years of
setting the standard for energy journalism. Headquartered in Houston,
Hart Energy, publisher of Oil and Gas Investor, ranks among the leading
providers of news, data and analysis for the global energy industry. Its
market-leading publishing and consulting expertise has been extended to
online products (databases, maps) and services (web sites, market
information) as well as industry conferences and exhibitions.
Chesapeake Energy Corporation is the second-largest producer of
natural gas, a Top 15 producer of oil and natural gas liquids and the
most active driller of new wells in the U.S.Headquartered
in Oklahoma City, the company's operations are focused on discovering
and developing unconventional natural gas and oil fields onshore in the
U.S.Chesapeake owns leading positions in the Barnett,
Haynesville, Bossier, Marcellus and Pearsall natural gas shale plays and
in the Granite Wash, Cleveland, Tonkawa, Mississippian, Bone Spring,
Avalon, Wolfcamp, Wolfberry, Eagle Ford, Niobrara, Three Forks/Bakken
and Utica unconventional liquids plays.The company has
also vertically integrated its operations and owns substantial
midstream, compression, drilling and oilfield service assets.Chesapeake′s
stock is listed on the New York Stock Exchange under the symbol CHK.Further information is available at www.chk.com
where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and press releases.
Chesapeake Energy Corporation
Investor Contacts:
Jeffrey
L. Mobley, CFA, 405-767-4763
jeff.mobley@chk.com
or
John
J. Kilgallon, 405-935-4441
john.kilgallon@chk.com
or
Media
Contacts:
Jim Gipson, 405-935-1310
jim.gipson@chk.com
