Chesapeake Energy Corp
(NYSE: CHK)
21.33
+0.08
+0.38%
+0.08
+0.38%
MORE ON CHK
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Chesapeake Energy Corp |
| Industry: | Oil & Gas E&P |
| Employees: | 12,000 |
DESCRIPTION
| Chesapeake Energy Corp was incorporated on 1989. It is a natural gas and oil exploration and production Company engaged in the exploration, development and acquisition of properties for the production of natural gas and crude oil from underground reservoirs and it provides marketing and midstream services. The Company manages its business as three separate operational segments: exploration and production; marketing, gathering and compression (midstream); and service operations, which are comprised of its wholly-owned drilling and trucking operations. The Company focuses its natural gas exploration, development and acquisition efforts in the eight operating areas: Barnett Shale, Fayetteville Shale, Haynesville Shale, Marcellus Shale, Mid-Continent, Permian and Delaware Basins, South Texas/Gulf Coast/Ark-La-Tex and, Appalachian Basin. Chesapeake Energy Marketing, Inc., one of its wholly-owned subsidiaries, provides natural gas and oil marketing services, including commodity price structuring, contract administration and nomination services for Chesapeake, its partners and other producers. Its oil production is generally sold under market sensitive or spot price contracts. Its natural gas production is sold to purchasers under percentage-of-proceeds contracts, percentage-of-index contracts or spot price contracts. It competes with both major integrated and other independent natural gas and oil companies in acquiring desirable leasehold acreage, producing properties and the equipment and expertise necessary to explore, develop and operate its properties and market its production. The Company's exploration and production operations are subject to various types of regulation at the U.S. federal, state and local levels. Such regulation includes requirements for permits to drill and to conduct other operations and for provision of financial assurances covering drilling and well operations. |
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