Chesapeake Energy Corporation (CHK) - NYSE
  • Oct. 8, 2012, 2:38 PM

    GE (GE -0.9%) and Chesapeake (CHK +0.9%) team up in an effort to make it easier to use compressed natural gas as a transportation fuel through a new "CNG In A Box" system, which can compress natural gas from a pipeline into CNG onsite at a traditional filling station or industrial location. The companies claim it can save fleet vehicle operators ~40% in fuel costs vs. gasoline.

    | Oct. 8, 2012, 2:38 PM | 3 Comments
  • Oct. 5, 2012, 11:41 AM

    The Utica Shale contains ~38 Tcf of undiscovered, technically recoverable natural gas, plus an average of 940M barrels of oil and ~9M barrels of natural gas liquids, according to a new assessment by the U.S. Geological Survey. Some early wells from the likes of CHK and REXX show promise, but the estimates still pale vs. the Marcellus, which holds ~84 Tcf of gas.

    | Oct. 5, 2012, 11:41 AM | 4 Comments
  • Oct. 3, 2012, 5:50 PM

    Chesapeake Energy (CHK) extended employment contracts with certain executives through the end of the year as part of a review of its compensation practices, according to an SEC filing which provides the first hint that CHK's new nine-member board under independent chairman Archie Dunham is taking action.

    | Oct. 3, 2012, 5:50 PM
  • Oct. 3, 2012, 2:52 PM

    Shares of Gastar Exploration (GST -25.1%) are reeling after Chesapeake (CHK) files a lawsuit seeking rescission of certain transactions that closed in 2005 involving GST's Hilltop Prospect in Texas and CHK's investment in GST common stock. In addition to its original initial investment of $81.6M, CHK seeks reimbursement of additional lease and well costs.

    | Oct. 3, 2012, 2:52 PM | 9 Comments
  • Oct. 2, 2012, 9:55 AM

    Chesapeake Energy (CHK -0.8%) has exploited little-known laws in Texas and at least three other states to force land owners to hand over drilling rights and sometimes forfeit profits, according to the latest Reuters special report on the company. Land brokers, land owners and lawyers say such deals are pushing ethical and legal limits.

    | Oct. 2, 2012, 9:55 AM | 7 Comments
  • Sep. 26, 2012, 12:19 PM
    Chesapeake Energy (CHK -0.9%) is downgraded to Hold at Stifel Nicolaus on valuation, a view that remaining asset sales will have less of a positive impact on shares, and that the focus will switch from distressed valuations back to going concern valuations which will make it difficult for CHK to move much higher absent a meaningful gas recovery.
    | Sep. 26, 2012, 12:19 PM | 4 Comments
  • Sep. 24, 2012, 4:10 PM
    Chesapeake Energy (CHK) declares $0.0875/share quarterly dividend, in line with previous. Forward yield 1.81%. For shareholders of record Oct 15. Payable Oct 31. Ex-div date Oct 11. Shares -0.4% AH. (PR)
    | Sep. 24, 2012, 4:10 PM
  • Sep. 21, 2012, 9:47 AM

    Chesapeake (CHK +0.6%) hires James Webb as its new, full-time legal counsel as it tries to recover from damaging reports about controversial land deals in Michigan and CEO Aubrey McClendon's personal loans. Webb has been a longtime partner in Oklahoma's largest law firm; maybe he'll know how to tell Aubrey "no."

    | Sep. 21, 2012, 9:47 AM | 7 Comments
  • Sep. 12, 2012, 6:14 PM

    The general verdict on Chesapeake's (CHK -1%) asset sales: The deals keep the company afloat for 2012, but there's still far to go to plug the gap between the amount it needs to spend in the future to maintain its current growth and projected revenue. While CHK has little choice but to raise money, its sale of high-quality assets throws into question some of its future growth and opportunities.

    | Sep. 12, 2012, 6:14 PM | 1 Comment
  • Sep. 12, 2012, 3:44 PM
    Barely noticed in the chatter over Chesapeake's (CHK -1%) asset sales is the "big loss" the company suffered in court today in a case involving claims by mineral rights holders over canceled oil and gas lease offers. The verdict could have ramifications across the U.S.; the Fifth Circuit, which covers most of the oil patch states, often is given deference by other courts on cases involving the industry.
    | Sep. 12, 2012, 3:44 PM
  • Sep. 12, 2012, 2:48 PM

    Heckmann (HEK +8.9%) shares power higher despite no news to explain the move, although the hydro-fracking water solutions provider might be seeing some upside from Chesapeake's (CHK -0.8%) asset sales. HEK said CHK accounted for 25% of its total revenues in 2011.

    | Sep. 12, 2012, 2:48 PM | 3 Comments
  • Sep. 12, 2012, 11:54 AM
    Chesapeake (CHK -1.1%) swings sharply lower after its opening pop, as analysts question whether it got top dollar for the Permian Basin acreage; some had expected the sales to reap $4B-$5B (I, II, III). The deal has "helped them climb up the wall in this hole they've dug for themselves, but they are not there yet," Argus' Phil Weiss says.
    | Sep. 12, 2012, 11:54 AM | 5 Comments
  • Sep. 12, 2012, 10:59 AM

    Chevron's (CVX +0.2%) part in of Chesapeake’s (CHK +0.1%) $6.9B land sale in the Permian Basin isn’t a surprise to Tudor Pickering considering the oil giant’s presence there already, but it’s "somewhat surprising" Shell (RDS.A -0.2%) is involved, as it has "not much, if any, Permian exposure currently."

    | Sep. 12, 2012, 10:59 AM | 2 Comments
  • Sep. 12, 2012, 7:29 AM

    More on the Chesapeake (CHK) sales: The Permian Basin assets alone fetched $3.3B - "a little light," says Hedgeye's Kevin Kaiser, as most were looking for $4-6B. He also notes the company was unable to sell its undeveloped Midland Basin acreage and will need to hang onto it. The shares continue higher, +2.7% premarket.

    | Sep. 12, 2012, 7:29 AM | 2 Comments
  • Sep. 12, 2012, 7:22 AM

    Chesapeake Energy (CHK) raises another $6.9B, inking multiple agreements to sell the majority of its Permian assets, among other properties. A portion of the proceeds will be used to repay $4B in term loans during Q4. The move brings YTD sales of $11.6B, says CEO McClendon, and he expects the company to hit its full-year goal of $13B-1$4B. Shares +1.7% premarket. (PR)

    | Sep. 12, 2012, 7:22 AM | 1 Comment
  • Sep. 11, 2012, 12:49 PM

    Chesapeake (CHK +2%) agrees to sell ~57K net acres in the Eaglebine formation in Texas for $125M to emerging oil and gas producer Energy & Exploration Partners. CHK is in the process of divesting lots of oil and gas acreage to steady its financial ship and reduce its capital spending commitments.

    | Sep. 11, 2012, 12:49 PM | 1 Comment
Company Description
Chesapeake Energy Corp. is a natural gas and oil exploration and production company, which is engaged in the exploration, development and acquisition of properties for the production of natural gas, oil and natural gas liquids from underground reservoirs. It also provides substantial marketing,... More
Industry: Independent Oil & Gas
Country: United States