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Chesapeake Energy Corp (CHK)

CHK on New York Consolidated

3.77USD
18 Oct 2017
Change (% chg)

$-0.01 (-0.26%)
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$3.78
Open
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Volume
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Latest Key Developments (Source: Significant Developments)

Chesapeake Energy says co, guarantors issued $300 mln 8 pct senior notes due 2025 & $550 mln 8 pct senior notes due 2027
Thursday, 12 Oct 2017 04:43pm EDT 

Oct 12 (Reuters) - Chesapeake Energy Corp :Chesapeake Energy Corp - co, guarantors issued $300 million 8.00% senior notes due 2025 & $550 million 8.00% senior notes due 2027 - SEC filing‍​‍​.Chesapeake Energy-in connection with issuance, co, Morgan Stanley & Co entered 1 registration rights agreement each with respect to 2025 notes,2027 notes​.  Full Article

Chesapeake Energy announces private placement of $750 mln senior notes
Wednesday, 27 Sep 2017 07:25am EDT 

Sept 27 (Reuters) - Chesapeake Energy Corp ::Chesapeake energy corporation announces private placement of $750,000,000 of senior notes.Says commenced private placement​ of ‍$750 million additional 8.00% senior notes due 2025, 8.00% senior notes due 2027.Says ‍intends to use net proceeds from offering to finance tender offers for certain of its senior notes​.Says ‍new 2027 notes will be an additional issuance of Chesapeake's outstanding 8.00% senior notes due 2027​.Says ‍new 2025 notes will be additional issuance of outstanding 8.00% senior notes due 2025, issued in December 2016.Says ‍new 2027 notes to be issued & previously issued senior notes due 2027 will be treated as single class of notes under indenture​.  Full Article

Chesapeake Energy Corporation provides 2017 third quarter update
Tuesday, 26 Sep 2017 07:00am EDT 

Sept 26 (Reuters) - Chesapeake Energy Corp :Chesapeake Energy Corporation provides 2017 third quarter update.Chesapeake Energy Corp - ‍average 2017 Q3 oil production estimate of 86,000 barrels per day​.Average 2017 Q3 oil production estimate of 86,000 barrels per day.Chesapeake Energy Corp - ‍with delays largely mitigated, chesapeake expects 2017 Q4 oil production to average approximately 100,000 barrels of oil per day​.Chesapeake Energy - ‍disruptive weather, closed asset sales, changes in capital allocation result in adjusted average Q3 production estimate of about 542,000 BPD.Anticipate our volumes will continue to grow substantially in 2017 Q4.Chesapeake Energy Corp - ‍we plan to place 120 to 130 new wells into production in 2017 Q4, primarily in Eagle Ford and Powder River Basin​.Chesapeake Energy Corp - ‍now project that our oil volumes will average approximately 100,000 barrels per day for 2017 Q4​.Chesapeake Energy - ‍Q3 production estimate hurt by operational delays, curtailments due to hurricane harvey, closed asset sales and capital allocation adjustments.Chesapeake Energy Corp - as of September 25, 2017, sees adjusted production growth ‍​for year ending Dec 31, 2017 down 1% to up 1%.Chesapeake Energy Corp - as of September 25, 2017, sees total absolute production ‍​for year ending Dec 31, 2017 of 194.0 mmboe - 199.0 MMBOE.Chesapeake Energy Corp - as of September 25, 2017, sees total capital expenditures ‍​for year ending Dec 31, 2017 of $2.1 billion to $2.5 billion.  Full Article

Soros Fund Management dissolves share stake in Chesapeake, Honeywell
Monday, 14 Aug 2017 05:26pm EDT 

Aug 14 (Reuters) - Soros Fund Management::Dissolves share stake in Chesapeake Energy - SEC filing.Takes share stake in General Mills of 365,493 shares.Dissolves share stake in Honeywell International.Dissolves class B share stake in Molson Coors Brewing Co.Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017​.  Full Article

Appaloosa LP takes share stake in Chesapeake, Peabody, Wells Fargo
Monday, 14 Aug 2017 04:46pm EDT 

Aug 14 (Reuters) - Appaloosa LP::Appaloosa LP takes share stake of 3.6 million shares in Chesapeake Energy Corp - SEC filing‍​.Appaloosa LP takes share stake of 1 million shares in Peabody Energy Corp - SEC filing‍​.Appaloosa LP takes share stake of 681,463 shares in Wells Fargo & Co - SEC filing‍​.Appaloosa LP dissolves share stake in Symantec Corp - SEC filing‍​.Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017 ​‍​.  Full Article

Chesapeake Energy expects to exceed goal of 100,000 barrels of oil/day prior to yr-end
Thursday, 3 Aug 2017 07:26am EDT 

Aug 3 (Reuters) - Chesapeake Energy Corp ::Chesapeake Energy's CEO says "we expect to exceed our goal of 100,000 barrels of oil per day prior to year-end" - conf call.Chesapeake Energy says expects expenses to fall in second half of the year - conf call.Chesapeake Energy says may deploy less capital on rigs and allow more capital on other assets in 2018 - conf call.  Full Article

Chesapeake Energy Q2 earnings per share $0.47
Thursday, 3 Aug 2017 07:00am EDT 

Aug 3 (Reuters) - Chesapeake Energy ::Chesapeake energy corporation reports 2017 second quarter financial and operational results.Qtrly total revenue $‍2,281​ million versus $1,622 million.Q2 rev view $2.30 bln -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.47.Q2 revenue rose 41 percent.Q2 earnings per share view $0.14 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $0.18.Average 2017 q2 production of 527,600 boe per day, flat sequentially​.Average 2017 q2 oil production of 88,400 barrels per day, up 6% sequentially​.Qtrly ‍total production averaged approximately 548,300 boe per day, including a peak rate of 90,400 barrels of oil, in July​.Goal of reaching 100,000 barrels of oil per day by year-end on track​.Sees FY liquids absolute production ‍​ 52.5 mmbbls - 55.0 mmbbls.Expect total production to move "higher" throughout year​.Sees FY oil absolute production ‍​33.5 mmbbls - 35.0 mmbbls.Qtrly ‍average daily production consisted of approximately 88,400 barrels (bbls) of oil, 2.294 billion cubic feet (bcf) of natural gas ​.Qtrly ‍average daily production also consisted of approximately 56,900 bbls of natural gas liquids (ngl)​.Will remain "flexible" in capital spending program, both for remainder of 2017 and in 2018​.Sees FY capital expenditure $1,900 - $2,300 million.Says FY capex outlook of $1,900 million to $2,300 million, excludes capitalized interest of $200 mln.  Full Article

Chesapeake Energy says director reports open market purchase of shares
Tuesday, 27 Jun 2017 07:23am EDT 

June 27 (Reuters) - Chesapeake Energy Corp :Chesapeake energy says Director Brad Martin reports open market purchase of 20,400 shares of co's common stock at $4.55/share on june 23 - SEC filing.  Full Article

Chesapeake Energy Corp says about 298 BCF of natural gas hedged in 2018 with swaps at an average price of $3.16 - presentation ‍​
Monday, 26 Jun 2017 07:20am EDT 

June 26 (Reuters) - Chesapeake Energy Corp :Chesapeake Energy Corp says about 298 BCF of natural gas hedged in 2018 with swaps at an average price of $3.16 - presentation ‍​.Chesapeake Energy Corp says about 1.8 MMBBL of oil hedged in 2018 with swaps at an average price of $51.43‍​.  Full Article

EXCO Resources units are parties to purchase, sale agreement with Vog Palo Verde
Friday, 23 Jun 2017 06:21am EDT 

June 23 (Reuters) - EXCO Resources Inc ::EXCO Resources Inc- co's units are parties to a purchase and sale agreement with Vog Palo Verde LP, dated as of April 7, 2017.EXCO Resources Inc -on May 31, Chesapeake Energy Marketing terminated long term transaction confirmation with expiration of June 30, 2032, between Chesapeake and Raider Marketing.EXCO Resources Inc - as a result of alleged termination of contract, EOC was forced to shut-in certain wells beginning on June 1, 2017.EXCO Resources Inc -due to contract termination, closing conditions were not anticipated to be satisfied or waived by original scheduled closing date.EXCO Resources Inc says parties entered into first amendment, dated as of May 31, 2017, to extend original scheduled closing date for two weeks.EXCO Resources Inc - on June 6, EXCO parties & raider filed a petition, application for temporary restraining order & injunction against Chesapeake in Dallas County, Texas.EXCO Resources Inc - on June 9, 2017, district court denied EXCO parties and raider's motion for temporary restraining order - SEC filing.EXCO Resources Inc says on June 7, 2017, Chesapeake Energy Marketing filed to remove lawsuit to United States District Court Northern District Of Texas.EXCO Resources Inc - lawsuit remains pending in federal court.  Full Article

BRIEF-Chesapeake Energy says co, guarantors issued $300 mln 8 pct senior notes due 2025 & $550 mln 8 pct senior notes due 2027

* Chesapeake Energy Corp - co, guarantors issued $300 million 8.00% senior notes due 2025 & $550 million 8.00% senior notes due 2027 - SEC filing‍​‍​