Edition:
United States

Chesapeake Energy Corp (CHK)

CHK on New York Consolidated

6.81USD
19 Jan 2017
Change (% chg)

$-0.17 (-2.44%)
Prev Close
$6.98
Open
$6.92
Day's High
$6.97
Day's Low
$6.80
Volume
18,348,817
Avg. Vol
52,986,258
52-wk High
$8.20
52-wk Low
$1.50

Latest Key Developments (Source: Significant Developments)

Chesapeake Energy Corporation announces redemption of 6.5% senior notes
Thursday, 22 Dec 2016 04:00pm EST 

Chesapeake Energy Corp : Chesapeake Energy Corp- redemption price for notes is equal to sum of outstanding principal amount thereof and make-whole amount . Chesapeake Energy Corp - redemption price for each $1,000 principal amount of notes is $1,056.88, including accrued and unpaid interest .Chesapeake Energy Corporation announces redemption of 6.5 pct senior notes due 2017.  Full Article

Chesapeake announces early results of cash tender offers for non-convertible senior notes
Tuesday, 20 Dec 2016 07:00am EST 

Chesapeake Energy Corp :Chesapeake Energy Corporation announces early results of cash tender offers for non-convertible senior notes.  Full Article

Chesapeake Energy to sell second Haynesville shale acreage position for $465 mln
Tuesday, 20 Dec 2016 07:00am EST 

Chesapeake Energy Corp : Chesapeake Energy - sale includes about 41,500 net acres and 326 operated and non-operated wells currently producing about 50 mmcf of gas per day, net to Chesapeake . Chesapeake Energy - to sell a portion of company's acreage and producing properties in its Haynesville shale operating area to an affiliate of Covey Park Energy LLC .Chesapeake Energy Corporation announces agreement to sell second Haynesville shale acreage position for $465 million.  Full Article

Chesapeake Energy commenced private placement to eligible purchasers of $750 million aggregate principal amount of senior notes due 2025
Tuesday, 6 Dec 2016 07:55am EST 

Chesapeake Energy Corp :Chesapeake Energy says on Dec 6, 2016, co commenced private placement to eligible purchasers of $750 million aggregate principal amount of senior notes due 2025.  Full Article

Chesapeake Energy Corporation announces agreement to sell first of two Haynesville shale acreage positions for $450 million
Monday, 5 Dec 2016 07:00am EST 

Chesapeake Energy Corp : Chesapeake Energy Corporation announces agreement to sell first of two Haynesville shale acreage positions for $450 million . Chesapeake Energy Corp says deal for approximately $450 million . Chesapeake Energy Corp says sale also includes 250 wells currently producing approximately 30 million cubic feet of gas per day, net to chesapeake . Chesapeake Energy Corp says is marketing approximately 50,000 net acres located in northeastern part of its Haynesville shale operating area . Chesapeake Energy Corp says included in sale are approximately 78,000 net acres, 40,000 net acres of which company considered as core acreage . Chesapeake Energy Corp says following both of these planned divestitures, co will retain approximately 250,000 net acres in core of Haynesville shale .Chesapeake Energy Corp says following divestitures, projected adjusted production growth of approximately 13% from its Haynesville operations in 2017.  Full Article

Chesapeake Energy receives DOJ subpoena, voluntary document request from SEC
Thursday, 3 Nov 2016 05:34pm EDT 

Chesapeake Energy Corp : Chesapeake Energy - received DOJ subpoena and a voluntary document request from SEC seeking information on a certain accounting methodology - sec filing . Chesapeake - SEC seeking information on accounting methodology for acquisition and classification of oil and natural gas properties, related matters .Chesapeake Energy says Chesapeake has engaged in discussions with the DOJ and SEC about oil and gas properties related accounting matters.  Full Article

Chesapeake Energy says closed a private placement of $1.25 bln of unsecured convertible senior notes
Wednesday, 5 Oct 2016 04:08pm EDT 

Chesapeake Energy Corp : Chesapeake energy corp says provided an update on significant improvements in its capital structure following recent transactions . As a result of exchange transactions, common shares currently outstanding are about 886 million, before giving effect to future dilution . With cash proceeds from convertible note offering, taken measures to provide excess liquidity to address remaining maturities of debt through 2018 . Company closed a private placement of $1.25 billion of unsecured convertible senior notes . Company's cash on hand as of september 30, and pro forma for convertible debt issuance, was approximately $1.0 billion .Closed privately negotiated purchase and exchange agreements under which co exchanged about 110.3 million shares of common stock.  Full Article

S&P upgrades Chesapeake Energy Corp. to 'CCC+' from 'SD'; Outlook negative; Proposed convertible notes rated
Thursday, 29 Sep 2016 01:47pm EDT 

S&P Global Ratings: S&P - Chesapeake Energy Corp. upgraded to 'CCC+' from 'SD'; Outlook negative; Proposed convertible notes rated . S&P on Chesapeake Energy - Upgrade reflects improving liquidity and our expectation that its credit measures will strengthen over the next 12-18 months . S&P on Chesapeake - Negative rating outlook reflects co's still-high debt leverage, expectation for significant negative free cash flow .S&P on Chesapeake - Negative rating outlook also reflects co's heavy, albeit much improved, debt maturity schedule through 2019.  Full Article

Chesapeake Energy says received DoJ subpoena seeking information on accounting methodology - SEC filing
Thursday, 29 Sep 2016 10:44am EDT 

Chesapeake Energy : Says received DoJ subpoena seeking information on accounting methodology for acquisition, classification of oil and gas properties and related matters- SEC filing . Also received DoJ, U.S. Postal Service and state subpoenas seeking information on royalty payment practices- SEC filing .Says engaged in discussions with DoJ, U.S. Postal Service and state agency representatives - SEC filing.  Full Article

Chesapeake energy entered privately negotiated purchase and exchange agreements
Thursday, 29 Sep 2016 09:20am EDT 

Chesapeake Energy Corp : As of Sept 29, co entered privately negotiated purchase and exchange agreements, co agreed to exchange 6.7 million shares - SEC filing .Also agreed to exchange $50.9 million of shares for 125,319 shares of 5.75%, 44,263 shares of 5.75% cumulative convertible preferred stock.  Full Article

Photo

Chesapeake to sell Haynesville asset for $450 million to Indigo Minerals LLC

Chesapeake Energy Corp , the second largest U.S. producer of natural gas, said on Monday that it would sell a part of its acreage in the Haynesville Shale area for $450 million to a private company, which Reuters sources revealed as Indigo Minerals LLC, a competing natural gas producer.