Key Developments: Chesapeake Energy Corp (CHK)

CHK on New York Consolidated

19.71USD
26 Dec 2014
Price Change (% chg)

$-0.13 (-0.66%)
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$19.84
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Latest Key Developments (Source: Significant Developments)

Exterran Partners LP to acquire assets from Chesapeake Energy Corp's subsidiary
Friday, 28 Feb 2014 08:30am EST 

Exterran Partners LP:Entered into an agreement to acquire natural gas compression assets from MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy Corp for about $360 mln.Says the assets to be acquired include 334 compression units, with a total horsepower of about 440,000, which currently are being used to provide compression services to Access MLP Operating, L.L.C., subsidiary of Access Midstream Partners LP.Says in connection with the acquisition, Exterran Partners and Access have entered into a seven-year contract operations services agreement to be effective as of the closing.Says the transaction is subject to closing conditions and is expected to close in the second quarter 2014.  Full Article

Chesapeake Energy Corp announces it is pursuing strategic alternatives for its oilfield services division
Monday, 24 Feb 2014 01:30am EST 

Chesapeake Energy Corp:Says it is pursuing strategic alternatives for its oilfield services division, Chesapeake Oilfield Services (COS).Says including a potential spin-off to Chesapeake shareholders or an outright sale.  Full Article

Chesapeake Energy Corp gives FY 2014 production guidance
Thursday, 6 Feb 2014 07:13am EST 

Chesapeake Energy Corp:Expects FY 2014 production growth of 2 - 4 pct, which implies an average daily production rate of 680 - 695 thousand barrels of oil equivalent (mboe).  Full Article

Chesapeake Energy Corp completes sale of ownership interest in Chaparral Energy, Inc
Friday, 17 Jan 2014 04:01pm EST 

Chesapeake Energy Corp:Says it has completed the sale of 100 pct of its ownership interest in Chaparral Energy, Inc. (Chaparral).Says the transaction closed on Jan. 13, 2014 for gross proceeds of $215 million.  Full Article

Chesapeake Energy Corp declares quarterly common dividend
Monday, 16 Dec 2013 05:04pm EST 

Chesapeake Energy Corp:Says its board of directors has declared a $0.0875 per share quarterly dividend that will be paid on Jan 31, 2014 to common shareholders of record on Jan 15, 2014.  Full Article

Chesapeake Energy Corp Raises FY 2013 Production Guidance
Wednesday, 6 Nov 2013 07:01am EST 

Chesapeake Energy Corp announced that for fiscal 2013, it expects oil production outlook to increase by two million barrels to 40-42 million barrels, a 28%-34% increase year over year.  Full Article

Chesapeake Energy Corp Has Cut About 10% Of Workforce-Reuters
Tuesday, 8 Oct 2013 04:48pm EDT 

Reuters reported that Chesapeake Energy Corp has eliminated about 1,200 jobs, or 10% of its workforce since the start of the year, a Company spokesman said on October 8, 2013. Chesapeake's new CEO Doug Lawler has pledged to relentlessly focus on costs to improve profits and had initiated a broad review that aims to shrink the Company by year's end.  Full Article

Chesapeake Energy Corp Declares Quarterly Dividend
Monday, 23 Sep 2013 04:08pm EDT 

Chesapeake Energy Corp announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on October 31, 2013 to common shareholders of record on October 15, 2013.  Full Article

Chesapeake Energy Corp Raises Midpoint Of Prior FY 2013 Production Guidance-Conference Call
Thursday, 1 Aug 2013 09:00am EDT 

Chesapeake Energy Corp announced that the Company is raising the midpoint of fiscal 2013 oil production guidance by 1 million barrels.  Full Article

SemGroup Corporation Closes Acquisition of Mississippi Lime Midstream Assets from Chesapeake Energy Corporation
Thursday, 1 Aug 2013 08:22am EDT 

SemGroup Corporation announced that it has completed its previously disclosed acquisition of the gas gathering and processing assets owned by Chesapeake Energy Corporation, located in the Mississippi Lime play for $300 million in cash. Approximately $125 million of additional capital expenditures will be required for the completion of the Rose Valley plants I and II, as well as additional capital related to future well connects.  Full Article

UPDATE 1-Norway's Statoil to reduce stake in U.S. shale formation

* Deal could help Statoil maintain dividend - analyst (Adds detail, analyst, background)

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