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United States

Chesapeake Energy Corp (CHK)

CHK on New York Consolidated

5.75USD
23 Feb 2017
Change (% chg)

$-0.17 (-2.87%)
Prev Close
$5.92
Open
$6.07
Day's High
$6.08
Day's Low
$5.38
Volume
98,640,096
Avg. Vol
48,358,721
52-wk High
$8.20
52-wk Low
$2.16

Latest Key Developments (Source: Significant Developments)

Chesapeake Energy reports Q4 adjusted earnings $0.07/share
Thursday, 23 Feb 2017 07:48am EST 

Chesapeake Energy Corp : Chesapeake energy corporation reports 2016 full year and fourth quarter financial and operational results . Q4 revenue fell 24 percent . Q4 adjusted earnings per share $0.07 excluding items . Q4 loss per share $0.84 . Q4 earnings per share view $0.07 -- Thomson Reuters I/B/E/S . Says average daily production for 2016 Q4 of approximately 574,500 barrels of oil equivalent . Q4 total revenues $2,021 million versus $2,649 million . Says as of Dec 31, 2016, Chesapeake's debt principal balance was approximately $10.0 billion, compared to $9.7 billion as of December 31, 2015 . Sees FY total capital expenditures $1,900 million - $2,500 million . Sees FY NGL absolute production 18 - 20 mmbbls . Sees FY oil absolute production 33 mmbbls - 35 mmbbls . Sees FY liquids absolute production 51 mmbbls - 55 mmbbls . Chesapeake expects to end February with approximately $300 million in cash on hand . Says average daily production for 2016 Q4 consisted of approximately 90,400 bbls of oil, 2.562 bcf of natural gas and 57,100 bbls of NGL . Says "planning to sell additional non-core and non-operated properties in 2017" . Says Chesapeake's average daily production for 2016 Q4 was approximately 574,500 boe . Says for 2017 Q1, company expects its average daily production to range between 515,000 and 535,000 boe . Says Chesapeake is currently utilizing 17 drilling rigs across its operating areas.  Full Article

Covey Park Energy LLC buys additional Haynesville assets from Chesapeake Energy
Wednesday, 15 Feb 2017 06:04pm EST 

Covey Park Energy LLC: Press release - Covey Park announces acquisition of additional Haynesville assets from Chesapeake Energy for $465 million .Says deal for for $465 million.  Full Article

Chesapeake Energy provides 2017 outlook
Tuesday, 14 Feb 2017 07:00am EST 

Chesapeake Energy Corp : Chesapeake Energy Corporation provides 2017 guidance and operational update . Chesapeake Energy Corp - sees FY projected total capital expenditures guidance of $1.9 - $2.5 billion, including capitalized interest . Chesapeake Energy Corp - sees FY projected total company production guidance ranging from a decline of 3% to growth of 2%, adjusted for asset sales . Chesapeake Energy Corp - exit rate oil production projected to grow by 10% in 2017 . Chesapeake Energy Corp - plan to operate an average of approximately 17 drilling rigs in 2017, compared to 10 rigs in 2016 . Chesapeake Energy Corp - intends to spud and place on production approximately 400 and 450 gross operated wells in 2017 . Chesapeake Energy Corp - company is targeting total production of 194 - 205 million barrels of oil equivalent (mmboe) in 2017 . Chesapeake Energy Corp says projecting that natural gas production growth will be relatively flat from year-end 2016 to year-end 2017 . Chesapeake Energy Corp says expect that gas volumes will return to growing again from year-end 2017 to year-end 2018 . Chesapeake Energy Corp - projecting that natural gas production growth will be relatively flat from year-end 2016 to year-end 2017 . Chesapeake Energy-narrowing range of 2017 projected capital as it gains confidence in market conditions supporting return to projected production growth in H2.  Full Article

Chesapeake Energy reinstates payment of quarterly preferred stock dividends
Friday, 20 Jan 2017 04:30pm EST 

Chesapeake Energy Corp - :Chesapeake Energy Corporation reinstates payment of quarterly preferred stock dividends.  Full Article

Chesapeake Energy says entered into privately negotiated purchase and exchange agreements
Friday, 20 Jan 2017 07:00am EST 

Chesapeake Energy Corp : Chesapeake Energy - as of January 19, 2017, entered into privately negotiated purchase and exchange agreements - sec filing . Chesapeake Energy -to issue an aggregate of 18.8 million shares of the company’s common stock, par value $0.01 per share . Chesapeake Energy -agreed to issue shares in exchange for 150,948 shares of 5.00 pct cumulative convertible preferred stock . Agreed to issue shares in exchange for 95,600 shares of 5.75 pct cumulative convertible preferred stock .Agreed to issue shares in exchange for 82,429 shares of 5.75 pct cumulative convertible preferred stock (series a).  Full Article

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

More From Around the Web

Chesapeake Energy posts smaller quarterly loss

Shares in U.S. natural gas producer Chesapeake Energy Corp fell on Thursday after posting a smaller fourth-quarter loss than a year earlier, when it took huge charges to write down the value of some oil and gas assets.