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Chesapeake Energy Corp (CHK.N)

CHK.N on New York Stock Exchange

2.33USD
14 Dec 2018
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$-0.25 (-9.69%)
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Latest Key Developments (Source: Significant Developments)

Lonestar Asset Management Acquires Land Lease From Chesapeake Energy
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Chesapeake Energy Corp ::LONESTAR ASSET MANAGEMENT ACQUIRES LAND LEASE FROM CHESAPEAKE ENERGY.LONESTAR ASSET MANAGEMENT - ABLE TO FINALIZE FUNDING FOR ACQUISITION OF SIGNIFICANT TEXAS ACREAGE FROM CHESAPEAKE ENERGY.LONESTAR ASSET MANAGEMENT - BY FINALIZING ACQUISITION LONESTAR WILL BE ABLE TO INITIATE AGGRESSIVE DRILLING SCHEDULE BEGINNING THIS JANUARY.  Full Article

Chesapeake Energy Upon Termination Of Merger Agreement May Be Required To Pay Wildhorse $35 Million In Expense Reimbursement
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY - UPON TERMINATION OF MERGER AGREEMENT WILDHORSE MAY BE REQUIRED TO MAKE AN EXPENSE REIMBURSEMENT PAYMENT OF $25 MILLION TO CHESAPEAKE.CHESAPEAKE ENERGY - UPON TERMINATION OF MERGER AGREEMENT CO MAY BE REQUIRED TO MAKE EXPENSE REIMBURSEMENT PAYMENT OF $35 MILLION TO WILDHORSE.CHESAPEAKE ENERGY CORP - IN CERTAIN OTHER CIRCUMSTANCES, WILDHORSE MAY BE REQUIRED TO PAY CHESAPEAKE A TERMINATION FEE OF $85 MILLION.CHESAPEAKE ENERGY CORP - IN CERTAIN OTHER CIRCUMSTANCES CHESAPEAKE MAY BE REQUIRED TO PAY WILDHORSE A TERMINATION FEE OF $120 MILLION.  Full Article

Chesapeake Energy Q3 Earnings Per Share $0.07
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Chesapeake Energy Corp ::Q3 ADJUSTED EARNINGS PER SHARE $0.19 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.07.Q3 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.AVERAGE 2018 Q3 PRODUCTION OF APPROXIMATELY 537,000 BARRELS OF OIL EQUIVALENT (BOE) PER DAY, UP 5 PERCENT.AVERAGE 2018 Q3 OIL PRODUCTION OF APPROXIMATELY 89,000 BARRELS (BBLS) OF OIL PER DAY, UP 13 PERCENT.QTRLY TOTAL REVENUES $2,418 MILLION VERSUS $1,943 MILLION.Q3 REVENUE VIEW $2.35 BILLION -- THOMSON REUTERS I/B/E/S.CAPITAL EXPENDITURES FOR 2018 REMAIN ON TRACK.EXPECTS TO PLACE AN ADDITIONAL 15 WELLS ON PRODUCTION IN 2018 Q4.CONTINUES TO EXPERIMENT WITH TIGHTER SPACING TESTS.PROJECTS TOTAL NET ANNUAL PRODUCTION FROM PRB TO MORE THAN DOUBLE IN 2019 COMPARED TO 2018.EXPECTS TO PLACE 53 WELLS IN EAGLE FORD ON PRODUCTION DURING 2018 Q4.CURRENTLY UTILIZING FOUR RIGS IN EAGLE FORD, PLACED 29 WELLS ON PRODUCTION DURING 2018 Q3.CURRENTLY PROJECTING AN ADDITIONAL 65 TO 70 TURNER WELLS TO BE PLACED ON PRODUCTION IN 2019.  Full Article

Chesapeake Energy Accelerates Strategic Plan With Acquisition Of Wildhorse Resource Development
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY CORPORATION ACCELERATES STRATEGIC PLAN WITH ACQUISITION OF WILDHORSE RESOURCE DEVELOPMENT CORPORATION FOR A COMBINATION OF CHESAPEAKE COMMON STOCK AND CASH.CHESAPEAKE ENERGY CORP - TRANSACTION VALUED AT APPROXIMATELY $3.977 BILLION.CHESAPEAKE ENERGY CORP - TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH COMPANY..CHESAPEAKE - DEAL PROJECTED TO DOUBLE ADJUSTED OIL PRODUCTION BY 2020 FROM STAND-ALONE ADJUSTED 2018 ESTIMATES.CHESAPEAKE ENERGY - EXPECTS TO FINANCE CASH PORTION OF WILDHORSE ACQUISITION THROUGH ITS REVOLVING CREDIT FACILITY.CHESAPEAKE ENERGY CORP - SEES PRODUCTION INCREASING TO A PROJECTED RANGE OF 125,000 TO 130,000 BARRELS (BBLS) OF OIL PER DAY IN 2019 FROM DEAL.CHESAPEAKE ENERGY CORP - $200 TO $280 MILLION IN PROJECTED AVERAGE ANNUAL SAVINGS, TOTALING $1 TO $1.5 BILLION BY 2023 FROM DEAL.CHESAPEAKE ENERGY - FUNDS MANAGED BY NGP ENERGY CAPITAL MANAGEMENT, COLLECTIVELY WILDHORSE'S LARGEST SHAREHOLDER, ENTERED AGREEMENT IN SUPPORT OF DEAL.CHESAPEAKE - DEAL IMPROVES PROJECTED 2019 NET DEBT TO EBITDA RATIO TO APPROXIMATELY 3.6X AND PROJECTED 2020 NET DEBT TO EBITDA RATIO TO ABOUT 2.8X.CHESAPEAKE ENERGY - TRANSACTION VALUE INCLUDES VALUE OF WILDHORSE'S NET DEBT OF $930 MILLION AS OF JUNE 30.CHESAPEAKE - CONSIDERATION WILL CONSIST OF EITHER 5.989 SHARES OF CHESAPEAKE STOCK OR COMBINATION OF 5.336 SHARES OF CHESAPEAKE STOCK AND $3 IN CASH.  Full Article

Chesapeake Energy Corp Announces Pricing Of $1.25 Bln Senior Notes Offering
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY CORPORATION ANNOUNCES PRICING OF $1.25 BILLION SENIOR NOTES OFFERING.CHESAPEAKE ENERGY - PRICED OFFERING OF $1.25 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES, CONSISTING OF $850 MILLION OF 7.00% SENIOR NOTES DUE 2024.CHESAPEAKE ENERGY CORP - ALSO PRICED OFFERING OF $1.25 BILLION OF SENIOR NOTES, CONSISTING $400 MILLION OF 7.50% SENIOR NOTES DUE 2026 ISSUED AT PAR.  Full Article

Chesapeake Energy Corp Announces $1.25 Bln Senior Notes Offering
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY CORPORATION ANNOUNCES $1.25 BILLION SENIOR NOTES OFFERING.CHESAPEAKE ENERGY - COMMENCED PUBLIC OFFERING OF $1.25 BILLION AMOUNT OF SENIOR NOTES, CONSISTING OF A SERIES OF SENIOR NOTES DUE 2024.CHESAPEAKE ENERGY - INTENDS TO USE NET PROCEEDS FROM OFFERING, WITH CASH ON HAND, BORROWING TO REPAY BORROWINGS UNDER SECURED TERM LOAN DUE 2021.CHESAPEAKE ENERGY CORP - ALSO COMMENCED PUBLIC OFFERING OF $1.25 BILLION AMOUNT OF SENIOR NOTES, CONSISTING OF A SERIES OF SENIOR NOTES DUE 2026.  Full Article

Chesapeake Energy Announces Amended And Restated Senior Secured Revolving Credit Facility
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY CORPORATION ANNOUNCES AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT FACILITY.CHESAPEAKE ENERGY CORP - AMENDED AND RESTATED FACILITY RECEIVED INITIAL COMMITMENTS FROM 15 INSTITUTIONS TOTALING $3.8 BILLION.CHESAPEAKE ENERGY CORP - CREDIT FACILITY WILL MATURE IN SEPTEMBER 2023.  Full Article

Chesapeake Energy Corp Agrees To Sell Utica Shale Position For $2.0 Bln
Thursday, 26 Jul 2018 

July 26 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY CORPORATION AGREES TO SELL UTICA SHALE POSITION FOR $2.0 BILLION, PROVIDES POWDER RIVER BASIN UPDATE AND 2018 UPDATED GUIDANCE.CHESAPEAKE ENERGY CORPORATION AGREES TO SELL UTICA SHALE POSITION FOR $2.0 BILLION, PROVIDES POWDER RIVER BASIN UPDATE AND 2018 UPDATED GUIDANCE.CHESAPEAKE ENERGY CORP - INTENDS TO USE ANTICIPATED NET PROCEEDS TO REDUCE DEBT..CHESAPEAKE ENERGY CORP - PURCHASE PRICE INCLUDES A $100 MILLION CONTINGENT PAYMENT BASED ON FUTURE NATURAL GAS PRICES.CHESAPEAKE ENERGY CORP - 2018 OUTLOOK UPDATED TO REFLECT BUSINESS PERFORMANCE YEAR TO DATE AND IMPACT OF PENDING TRANSACTION.CHESAPEAKE ENERGY CORP - 2018 OUTLOOK UPDATED.CHESAPEAKE ENERGY CORP - 2019 OIL PRODUCTION EXPECTED TO GROW APPROXIMATELY 10% FROM 2018.CHESAPEAKE ENERGY- 2019 OIL PRODUCTION EXPECTED TO GROW ABOUT 10% FROM 2018, ADJUSTED FOR ASSET SALES, WITH ADDITIONAL OIL GROWTH ANTICIPATED FOR 2020.CHESAPEAKE ENERGY - 2019 OIL PRODUCTION EXPECTED TO GROW ABOUT 10% FROM 2018, ADJUSTED FOR ASSET SALES, WITH ADDITIONAL OIL GROWTH ANTICIPATED FOR 2020.CHESAPEAKE ENERGY CORP - RAISING FY OIL GUIDANCE BY 500,000 BARRELS.CHESAPEAKE ENERGY CORP - EXPECT TO SEEK A RENEWAL AND EXTENSION OF REVOLVING CREDIT FACILITY IN 2018 Q3.CHESAPEAKE ENERGY CORP - EXPECT TO SEEK A RENEWAL AND EXTENSION OF OUR REVOLVING CREDIT FACILITY IN 2018 Q3.CHESAPEAKE ENERGY CORP - REDUCING FULL-YEAR NATURAL GAS AND NGL VOLUMES GUIDANCE; RAISING OIL GUIDANCE BY 500,000 BARRELS.  Full Article

Enviva Partners Announces Chesapeake Terminal's Return To Full Operation
Thursday, 28 Jun 2018 

June 28 (Reuters) - Enviva Partners LP ::ENVIVA PARTNERS, LP ANNOUNCES CHESAPEAKE TERMINAL'S RETURN TO FULL OPERATION.ENVIVA PARTNERS LP - WITH RETURN TO FULL OPERATION FOLLOWING FIRE INCIDENT, BUSINESS CONTINUITY COSTS ASSOCIATED WITH INCIDENT BEGUN TO WIND DOWN.ENVIVA PARTNERS LP - SPECIFIC QUARTERLY TIMING OF SHIPMENTS HAVE BEEN AND LIKELY WILL BE AFFECTED BY INCIDENT.ENVIVA PARTNERS LP - EXPECTS TO MEET ALL OF ITS CONTRACTUAL REQUIREMENTS FOR FULL YEAR 2018.ENVIVA - FINANCIAL PERFORMANCE FOR Q2 TO BE IMPACTED BY BUSINESS CONTINUITY COSTS RELATED TO INCIDENT NOT RECOVERED DURING Q2.ENVIVA - FINANCIAL PERFORMANCE FOR Q2 TO BE IMPACTED BY BUSINESS CONTINUITY COSTS RELATED TO INCIDENT EXPECTED TO BE RECOVERED LATER IN 2018.  Full Article

Chesapeake Energy Says Incurred Total Charge Of About $38 Mln In Current Quarter In Connection With Workforce Reduction Announced In Jan
Wednesday, 2 May 2018 

May 2 (Reuters) - Chesapeake Energy Corp ::CHESAPEAKE ENERGY - INCURRED TOTAL CHARGE OF ABOUT $38 MILLION IN CURRENT QUARTER IN CONNECTION WITH WORKFORCE REDUCTION ANNOUNCED IN JANUARY - SEC FILING.CHESAPEAKE ENERGY SAYS FORECASTED 2018 CAPITAL EXPENDITURES, INCLUSIVE OF CAPITALIZED INTEREST, ARE $2.0 – $2.4 BILLION.  Full Article

US STOCKS-Futures down as oil prices slide

Nov 23 U.S. stock futures fell on Friday as oil prices hit their lowest in a year, while investors were nervous ahead of U.S.-China trade talks at the G20 summit next week.