Last €19.76 EUR
Change Today -0.138 / -0.69%
Volume 0.0
CS1 On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
As of 9:49 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

6100 North Western Avenue

Oklahoma City, OK 73118

United States

Phone: 405-848-8000

Fax:

Chesapeake Energy Corporation is engaged in the acquisition, exploration, and development of properties for the production of natural gas, oil, and natural gas liquids (NGL) from underground reservoirs in the United States. The company’s core natural gas resource plays are the Haynesville/Bossier Shales in northwestern Louisiana and east Texas; the Marcellus Shale in the northern Appalachian Basin of West Virginia and Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas. The company also owns substantial marketing, compression and oilfield services businesses. Divisions The company opertaes in two geographic divisions, Southern and Northern. Southern Division: This division includes the Eagle Ford Shale in south Texas, the Granite Wash/Hogshooter, Cleveland, Tonkawa and Mississippi Lime plays in the Anadarko Basin in northwestern Oklahoma, the Texas Panhandle and southern Kansas, the Haynesville/Bossier Shale in northwestern Louisiana and east Texas, and the Barnett Shale in the Fort Worth Basin in north-central Texas. Northern Division: This division includes the Utica Shale in Ohio, West Virginia and Pennsylvania, the Marcellus Shale in the northern Appalachian Basin in West Virginia and Pennsylvania, and the Niobrara Shale in the Powder River Basin in Wyoming. Well Data As of December 31, 2013, the company had interests in approximately 46,800 gross (20,900 net) productive wells, including properties in which the company held an overriding royalty interest. Of these wells, 38,100 gross (18,400 net) were classified as natural gas productive wells and 8,700 gross (2,500 net) were classified as oil productive wells. During 2013, the company completed 1,376 gross (899 net) wells and participated in another 564 gross (86 net) wells completed by other operators. Marketing Chesapeake Energy Marketing, Inc., a wholly owned subsidiary, provides natural gas, oil and NGL marketing services, including commodity price structuring, contract administration and nomination services for the company, other interest owners in Chesapeake-operated wells and other producers. Midstream Gathering Operations The company invests, directly and through affiliates, in gathering systems and processing facilities to complement its natural gas operations in regions where the company had significant production and additional infrastructure was required. These systems were designed primarily to gather the company's production for delivery into major intrastate or interstate pipelines. In addition, its midstream business provided services to joint working interest owners and other third-party customers. The company also processed a portion of its natural gas at various third-party plants. In 2013, the company sold substantially all of its midstream business and most of its gathering assets. The company owns the following midstream assets: certain gathering pipelines primarily associated with vertical well production in the northeastern U.S.; flowlines, which are between 200 feet and 1 mile in length, for its production in each operating area; and four natural gas processing facilities located in West Virginia. Compression Operations The company’s wholly owned subsidiary, MidCon Compression, L.L.C. (MidCon) operates wellhead and system compressors, with approximately 1.0 million horsepower of compression, to facilitate the transportation of natural gas primarily produced from Chesapeake-operated wells. Oilfield Services COS Holdings, L.L.C. (formerly Chesapeake Oilfield Services, L.L.C.) (COS) owns and operates its oilfield services assets. COS is a diversified oilfield services company that provides a range of well site services, primarily to the company and its working interest partners. These services include drilling, hydraulic fracturing, oilfield rentals, rig relocation, fluid handling and disposal and manufacturing of natural gas compressor packages. As of December 31, 2013, COS owned or leased 115 land drilling rigs, including 10 proprietary, fit-for-purpose PeakeRigs that utilize advanced electronic drilling technology. As of December 31, 2013, COS owned 9 hydraulic fracturing fleets with an aggregate of 360,000 horsepower; a diversified oilfield rentals business; an oilfield trucking fleet consisting of 260 rig relocation trucks; 67 cranes and forklifts used to move drilling rigs and other heavy equipment; and 246 fluid hauling trucks. Reserves The company's proved reserves, as of December 31, 2013, were 2.678 bboe (one billion barrels of oil equivalent). Business Strategy The company focuses on finding and producing hydrocarbons in a responsible manner that seeks to maximize shareholder returns. It intends to increase its profitability and decrease corporate and balance sheet complexity through the execution of business strategy, which consists of two fundamental tenets: financial discipline and profitable and efficient growth from captured resources. Significant Events In May 2014, Access Midstream Partners LP announced plans to expand its Utica East Ohio midstream service complex. The complex is a joint venture with M3 Midstream LLC and EV Energy Partner LP. History Chesapeake Energy Corporation was founded in 1989.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CS1:GR €19.76 EUR -0.138

CS1 Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Encana Corp C$23.70 CAD +0.82
Hess Corp $100.16 USD +0.36
Marathon Oil Corp $40.48 USD +0.28
Origin Energy Ltd A$14.31 AUD +0.03
Southwestern Energy Co $41.52 USD +0.64
View Industry Companies
 

Industry Analysis

CS1

Industry Average

Valuation CS1 Industry Range
Price/Earnings 22.0x
Price/Sales 0.9x
Price/Book 1.3x
Price/Cash Flow 4.5x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CHESAPEAKE ENERGY CORP, please visit www.chk.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.