Key Developments: Chesapeake Energy Corp (CHKDH.PK)

CHKDH.PK on OTC Markets Group

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27 Jun 2013
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Latest Key Developments (Source: Significant Developments)

Chesapeake Energy Corp suspends quarterly preferred stock dividends
Friday, 22 Jan 2016 08:00am EST 

Chesapeake Energy Corp:Announced that it has suspended payment of dividends on each series of its outstanding convertible preferred stock effective immediately.  Full Article

Chesapeake Energy Corporation appoints R. Brad Martin Chairman
Monday, 12 Oct 2015 04:07pm EDT 

Chesapeake Energy Corporation:Says that R. Brad Martin has been appointed non-executive Chairman of the Company's Board of Directors, effective immediately.  Full Article

Chesapeake Energy Corp raises FY 2015 production guidance
Wednesday, 5 Aug 2015 07:01am EDT 

Chesapeake Energy Corp:Now expects FY 2015 production guidance exit rate to be about 660,000 barrels of oil equivalent per day.  Full Article

Chesapeake Energy Corp updates financial strategy and announces elimination of common stock dividend
Tuesday, 21 Jul 2015 07:01am EDT 

Chesapeake Energy Corp:Announces elimination of common stock dividend effective 2015 third quarter.Says sale of chk Cleveland tonkawa, l.l.c. properties and adjacent assets anticipated to close in 2015 third quarter.Says the elimination of the common stock dividend will save approximately $240 million annually.Says received approval from board of directors to eliminate the common stock dividend of $0.35 per share annually.Signed agreement to sell noncore adjacent properties centered in Roger Mills,ellis Counties to fourpoint for about $90 million in cash.To eliminate future financial & drilling obligations with sale of properties, redemption of preferred shares in chk Cleveland-tonkawa unit.Liquidity position remains strong with more than $2 billion of unrestricted cash on balance sheet & undrawn $4 billion revolving credit facility.  Full Article

Chesapeake Energy Corp raises FY 2015 production guidance - Conference Call
Wednesday, 6 May 2015 09:00am EDT 

Chesapeake Energy Corp:Increasing FY 2015 production guidance range to 640,000 to 650,000 barrels of oil equivalent per day.  Full Article

Chesapeake Energy Corp declares quarterly dividend
Thursday, 5 Mar 2015 04:13pm EST 

Chesapeake Energy Corp:Declared $0.0875 per share quarterly dividend that will be paid on April 30 to common shareholders of record on April 15.  Full Article

American Energy - Utica, LLC And The Energy & Minerals Group respond to meritless Chesapeake Energy Corporation Lawsuit
Tuesday, 17 Feb 2015 05:10pm EST 

Chesapeake Energy Corporation:American Energy - Utica, LLC (AEU) and The Energy & Minerals Group (EMG) today responded to a meritless lawsuit commenced against AEU by Chesapeake Energy Corporation.Chesapeake has erroneously included AEU and certain yet to be named investors in a lawsuit it filed against certain entities owned or controlled by Aubrey K. McClendon including American Energy Partners, LP.Based on a dispute it has with McClendon in which Chesapeake alleges McClendon misappropriated certain Chesapeake trade secrets upon his separation from Chesapeake in 2013.Chesapeake clearly does not understand the ownership or structure of AEU, which is controlled by EMG, and Chesapeake has made no attempt to understand the ownership structure prior to carelessly and erroneously naming AEU as a party to its lawsuit.AEU will immediately respond to and vigorously defend this lawsuit and expects to be removed as a defendant as quickly as possible.Additionally, AEU and EMG intend to bring any and all appropriate counterclaims against Chesapeake for filing of such meritless case without conducting any reasonable investigation into factual and legal basis for the claim and for any damages that are incurred by any of such parties as result.  Full Article

Chesapeake Energy Corporation closes Southern Marcellus and Utica Shale sale; announces $1 billion common stock repurchase authorization
Monday, 22 Dec 2014 04:01pm EST 

Chesapeake Energy Corporation:Says the closing of its asset sale to Southwestern Energy Company and initiatives to further enhance shareholder value.Closes the sale of its assets in the Southern Marcellus Shale and a portion of the Eastern Utica Shale to Southwestern for net proceeds of $4.975 bln.Authorizes a $1 bln common stock repurchase program.  Full Article

Chesapeake Energy Corp announces closing of $4.0 bln senior unsecured revolving credit facility
Tuesday, 16 Dec 2014 07:01am EST 

Chesapeake Energy Corp:Says it closed on a new five-year, $4.0 bln senior unsecured revolving credit facility.Says it intends to use the proceeds of the new unsecured credit facility for working capital and general corporate purposes.  Full Article

Chesapeake Energy Corp declares quarterly common and preferred stock dividends
Monday, 15 Dec 2014 07:01am EST 

Chesapeake Energy Corp:Says Board has declared a $0.0875 per share quarterly dividend that will be paid on Jan. 31, 2015 to common shareholders of record on Jan. 15, 2015.Declared dividends on 4.50 pct convertible preferred stock of $1.125, payable on March 15, to the shareholders of record date of March 01, 2015.Declared dividends on 5% (2005B) convertible preferred stock of $1.25, payable on Feb. 15, 2015, to the shareholders of record date of Feb. 1, 2015.Declared dividends on 5.75 pct convertible preferred stock of $14.375, payable on Feb. 15, 2015, to the shareholders of record date of Feb. 1, 2015.Declared dividends on 5.75% (Series A) convertible preferred stock of $14.375, payable on Feb. 15, 2015, to the shareholders of record date of Feb. 1, 2015.  Full Article

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Chesapeake moves to quash bankruptcy fears as shares plunge

Chesapeake Energy, the No. 2 U.S. natural gas producer, said on Monday it had no plans to file for bankruptcy, after sources told Reuters the company had asked its longtime counsel to look at restructuring options.

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