Chesapeake Energy Corporation Confirms SEC Informal Inquiry
Chesapeake Energy Corporation (NYSE: CHK) today confirmed that the
company and its Chairman and CEO, Aubrey K. McClendon, have been
notified by the Securities and Exchange Commission (SEC) that its Fort
Worth Regional Office has commenced an informal inquiry and requested
that the company and Mr. McClendon retain certain documents. The SEC
noted in its request, which was received yesterday, that its inquiry
should not be construed as an indication that any violation of the
federal securities laws has occurred. The company and Mr. McClendon
intend to cooperate with the SEC in responding to its inquiry.
Chesapeake Energy Corporation (NYSE:CHK) 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 Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi
Lime, Bone Spring, Avalon, Wolfcamp, Wolfberry and Niobrara
unconventional liquids plays.The company has also
vertically integrated its operations and owns substantial marketing,
midstream and oilfield services businesses directly and indirectly
through its subsidiaries Chesapeake Energy Marketing Inc., Chesapeake
Midstream Development, L.P. and Chesapeake Oilfield Services, L.L.C. and
its affiliate Chesapeake Midstream Partners, L.P. (NYSE:CHKM).Further
information is available at www.chk.com
where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and news releases.
This news release includes 'forward-looking statements' that give
Chesapeake's current expectations.Although we believe the
expectations reflected in our forward-looking statements are reasonable,
we can give no assurance they will prove to have been correct.They
can be affected by inaccurate assumptions or by known or unknown risks
and uncertainties, and actual results may differ from the expectation
expressed.We caution you not to place undue reliance on
our forward-looking statements, which speak only as of the date of this
news release, and we undertake no obligation to update this information.
Chesapeake 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:
Michael Kehs, 405-935-2560
michael.kehs@chk.com
or
Jim
Gipson, 405-935-1310
jim.gipson@chk.com
