Oklahoma City, OK, United States

Chesapeake Energy Co.

www.chk.com
Oklahoma City, OK, United States

Chesapeake Energy is a public, American oil and natural gas company headquartered in Oklahoma City, United States. Chesapeake Energy is the second-largest natural gas producer in the United States. Its operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime and Niobrara unconventional liquids plays and in the Marcellus, Haynesville/Bossier and Barnett unconventional natural gas shale plays. The company also owns substantial marketing and oilfield services businesses through its subsidiaries Chesapeake Energy Marketing, Inc. and Chesapeake Oilfield Services, L.L.C. Wikipedia.

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Petro River Oil Corp. (OTC: PTRC) just announced it made a significant oil discovery. Read more of the announcement below. In a recent OGMarketReport.com article, while most oil and gas industry headlines are focusing on the ability to make a profit with oil trading at near rock bottom prices, why is a discovery important? Previously announced oil discoveries in Alaska by Spanish oil company Repsol SA and Hurricane Energy's claim of 'largest undeveloped (oil) discovery on the U.K. continental shelf,' rocketed the valuation of each company. Each of these discoveries will not impact the actual supply chain until 2021 for Alaska production and 2019 for the UK discovery, meaning additional carrying costs on top of other major company legacy costs. Petro River, with a market cap of $13.5 million, has no legacy costs and no debt and is looking at potential discovery reserves of over 21 mm barrels from its Oklahoma and California projects that can be added to the supply chain as quickly as Petro can drill. Other oil companies making news include Approach Resources (NASDAQ: AREX) and Comstock Holdings Companies as they both beat Street expectations. Read more at OGMarketReport.com Petro River Oil Corp. announced yesterday a new oil field discovery in its 106,500 acre concession in Osage County, Oklahoma upon successfully drilling the Chat 2-11 exploration well. The Chat 2-11 was drilled to a depth of 2,800 feet into the Mississippian Chat. Initial results indicate up to 20 feet of oil productive formation, following flow and fracking tests, the Company plans to confirm IP rates. Additional wells are being planned to evaluate the extent of this chat field discovery. Read this and more news for Petro River Oil Corp at: http://www.marketnewsupdates.com/news/ptrc.html The Company is also planning to drill the Channel 1-3 to test Red Fork channel sand and the Chat 1-30 to test a separate chat field. These structures were identified utilizing 3D seismic technology, indicating a potential of over 2.5 million barrels of oil. "This discovery confirms that our exploration technique utilizing 3D seismic is working," said Stephen Brunner, President of Petro River. "We plan to spud two other wells, the Channel 1-3 based on the data from logs of the Channel 1-11 which found approximately 45 feet of tight non-productive Red Fork sand, and the Chat 1-30 a separate chat structure test. Also, we plan to shoot more seismic along the southern part of our concession later this year." In other industry financial reporting and developments: Approach Resources Inc. (NASDAQ: AREX) closed up over 13% on Monday at $2.58 trading over 1.6 million shares by the market close. AREX last week reported results for first quarter 2017. Ross Craft, Approach's Chairman and CEO commented, "We accomplished a great deal this quarter and our transformation is on track. We reduced our senior notes outstanding by approximately $145 million and increased our financial flexibility with the completion of a strategic recapitalization that passed with 82% shareholder approval. The resulting interest expense savings, coupled with improving commodity prices, allow us to substantially increase our capital budget to $50 million - $70 million in 2017, to be entirely funded out of operating cash flow. Chesapeake Energy Corporation (NYSE: CHK) closed up slightly on Monday at $5.55 trading over 39 million shares by the market close. Chesapeake Energy also reported last week its financial and operational results for the 2017 first quarter plus other recent developments. Doug Lawler, Chesapeake's Chief Executive Officer, commented, "Our operational momentum continues to build in our Eagle Ford, Powder River Basin and Mid-Continent oil assets, as we remain on track to reach our production target of 100,000 barrels of oil per day by year-end. We expect our production to grow significantly in the second half of 2017 as we place more wells to sales, and as a result, we have raised the bottom range of our 2017 production guidance. Whiting Petroleum Corporation (NYSE: WLL) closed up over 4% on Monday at $8.62 trading over 14.2 million shares by the market close. Whiting's production in the first quarter 2017 totaled 10.6 million barrels of oil equivalent (MMBOE), comprised of 84% crude oil/natural gas liquids (NGLs). First quarter 2017 production averaged 117,360 barrels of oil equivalent per day (BOE/d), at the high end of guidance. Lease operating expense (LOE) benefited from a comprehensive water-handling plan and a maintenance program that has reduced well downtime across Whiting's properties. Depreciation, depletion and amortization (DD&A) benefited from enhanced completions and the sale of the Company's North Dakota midstream assets. Oil differentials benefited from the addition of new pipeline infrastructure in the Williston Basin. Oasis Petroleum Inc. (NYSE: OAS) closed up slightly on Monday as well at $12.12 trading over 11.8 million shares by the market close. Oasis Petroleum announced after the close yesterday its intention to contribute a portion of its midstream assets to a Master Limited Partnership (MLP) and sell a minority interest in the MLP in an initial public offering. The MLP is intended to support Oasis's strategy to grow its midstream business. The midstream assets that are expected to be contributed to the MLP are located in the Williston Basin area of North Dakota and/or Montana and include a portion of Oasis's crude oil gathering and transportation system, natural gas gathering and processing system and water handling systems. DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with OGMarketReport.com or any company mentioned herein. The commentary, views and opinions expressed in this release by OGMarketReport.com are solely those of OGMarketReport.com and are not shared by and do not reflect in any manner the views or opinions of MNU. The companies that are discussed herein may or may not have approved the statements made in this release. MNU is not liable for any investment decisions by its readers or subscribers. MNU and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated one thousand nine hundred dollars for coverage of the current commentary covering issued by Petro River Oil by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.


CENTENNIAL, Colo.--(BUSINESS WIRE)--East Daley Capital Advisors, Inc., an energy assets research firm redefining how markets view risk in exploration and production (E&P) and midstream energy companies, released a new report: “Righting A Wrong: The Marcellus/Utica Balanced on a Knife’s Edge.” This two-part report dissects the interconnection between energy market fundamentals and a company’s future cash flow. “This new report shows who wins the biggest piece of the total upside of $1.9 billion in annualized EBITDA for midstream gatherers and long-haul pipelines due to expansions coming out of northeast Pennsylvania,” said Justin Carlson, VP and Managing Director, Research at East Daley Capital. “What’s unprecedented is the literal transfer of wealth from producers to midstream companies in the Northeast because of the new infrastructure builds. Our unique analysis maps this financial ripple effect from producer to each gathering system to each long-haul pipeline.” Part One of the report focuses on production growth centered in northern Pennsylvania and demand markets directly to the east. Part Two of the report, to be released in late May, will focus on the Marcellus and Utica in Eastern Ohio, Southwest Pennsylvania and West Virginia. It will also explore the impact on pricing and basis as the U.S. natural gas market is once again transformed. “There are some companies that are clearly in a much better financial position than others in the Northeast gas market. Triple digit production and throughput growth rates will not be uncommon for some producers and midstream companies in the next couple of years, while others will barely grow at all,” said Carlson. “This will have serious cashflow implications for many operators in the region. In the Marcellus and Utica, a single market event can impact every party along the value chain from producer, to gatherer, to processor to long-haul pipeline. It’s a very dynamic time right now in that region.” Producers covered in Part One of the report include: Cabot Oil and Gas, Chief Oil and Gas, Southwestern, Seneca Resources, Alta Resources, Chesapeake Energy, Royal Dutch Shell, Repsol Oil and Gas Canada and others. Midstream companies covered in Part One of the report include: Williams Partners, Energy Transfer Partners, National Fuel Gathering, DTE, Alta Resources, Howard Energy Partners, Repsol, UGI Corporation, Energy Corporation of America, Cardinal NE Midstream II, Appalachian Midstream Partners, Unit Corporation, XTO Energy and Boardwalk Pipeline Partners. East Daley’s asset-level allocation model, combined with in-depth analysis, brings greater transparency to the midstream energy financial market by providing investors with deeper, more accurate data to inform their investment decisions. For a complimentary copy of the overview of Righting A Wrong, Part One, please email insights@eastdaley.com. East Daley Capital is an energy assets research firm that is redefining how markets view risk for midstream energy companies. In addition to using top-level financial data to predict a company’s performance, East Daley delivers asset-level analysis that provides comprehensive, fact-based intelligence. Supported by a team of unbiased, experienced research analysts, East Daley provides its clients unparalleled insight into how midstream companies operate and generate cash flow. East Daley uses publicly available fundamental data and intersects that data with a company’s reported financials to break midstream companies down to asset-level cash flows. The result allows for more informed portfolio decisions. Founded in 2014, the company is based in Centennial, Colorado. For more information visit http://www.eastdaley.com.


Petro River Oil Corp. (OTC: PTRC) just announced it made a significant oil discovery. Read more of the announcement below. In a recent OGMarketReport.com article, while most oil and gas industry headlines are focusing on the ability to make a profit with oil trading at near rock bottom prices, why is a discovery important? Previously announced oil discoveries in Alaska by Spanish oil company Repsol SA and Hurricane Energy's claim of 'largest undeveloped (oil) discovery on the U.K. continental shelf,' rocketed the valuation of each company. Each of these discoveries will not impact the actual supply chain until 2021 for Alaska production and 2019 for the UK discovery, meaning additional carrying costs on top of other major company legacy costs. Petro River, with a market cap of $13.5 million, has no legacy costs and no debt and is looking at potential discovery reserves of over 21 mm barrels from its Oklahoma and California projects that can be added to the supply chain as quickly as Petro can drill. Other oil companies making news include Approach Resources (NASDAQ: AREX) and Comstock Holdings Companies as they both beat Street expectations. Read more at OGMarketReport.com Petro River Oil Corp. announced yesterday a new oil field discovery in its 106,500 acre concession in Osage County, Oklahoma upon successfully drilling the Chat 2-11 exploration well. The Chat 2-11 was drilled to a depth of 2,800 feet into the Mississippian Chat. Initial results indicate up to 20 feet of oil productive formation, following flow and fracking tests, the Company plans to confirm IP rates. Additional wells are being planned to evaluate the extent of this chat field discovery. Read this and more news for Petro River Oil Corp at: http://www.marketnewsupdates.com/news/ptrc.html The Company is also planning to drill the Channel 1-3 to test Red Fork channel sand and the Chat 1-30 to test a separate chat field. These structures were identified utilizing 3D seismic technology, indicating a potential of over 2.5 million barrels of oil. "This discovery confirms that our exploration technique utilizing 3D seismic is working," said Stephen Brunner, President of Petro River. "We plan to spud two other wells, the Channel 1-3 based on the data from logs of the Channel 1-11 which found approximately 45 feet of tight non-productive Red Fork sand, and the Chat 1-30 a separate chat structure test. Also, we plan to shoot more seismic along the southern part of our concession later this year." In other industry financial reporting and developments: Approach Resources Inc. (NASDAQ: AREX) closed up over 13% on Monday at $2.58 trading over 1.6 million shares by the market close. AREX last week reported results for first quarter 2017. Ross Craft, Approach's Chairman and CEO commented, "We accomplished a great deal this quarter and our transformation is on track. We reduced our senior notes outstanding by approximately $145 million and increased our financial flexibility with the completion of a strategic recapitalization that passed with 82% shareholder approval. The resulting interest expense savings, coupled with improving commodity prices, allow us to substantially increase our capital budget to $50 million - $70 million in 2017, to be entirely funded out of operating cash flow. Chesapeake Energy Corporation (NYSE: CHK) closed up slightly on Monday at $5.55 trading over 39 million shares by the market close. Chesapeake Energy also reported last week its financial and operational results for the 2017 first quarter plus other recent developments. Doug Lawler, Chesapeake's Chief Executive Officer, commented, "Our operational momentum continues to build in our Eagle Ford, Powder River Basin and Mid-Continent oil assets, as we remain on track to reach our production target of 100,000 barrels of oil per day by year-end. We expect our production to grow significantly in the second half of 2017 as we place more wells to sales, and as a result, we have raised the bottom range of our 2017 production guidance. Whiting Petroleum Corporation (NYSE: WLL) closed up over 4% on Monday at $8.62 trading over 14.2 million shares by the market close. Whiting's production in the first quarter 2017 totaled 10.6 million barrels of oil equivalent (MMBOE), comprised of 84% crude oil/natural gas liquids (NGLs). First quarter 2017 production averaged 117,360 barrels of oil equivalent per day (BOE/d), at the high end of guidance. Lease operating expense (LOE) benefited from a comprehensive water-handling plan and a maintenance program that has reduced well downtime across Whiting's properties. Depreciation, depletion and amortization (DD&A) benefited from enhanced completions and the sale of the Company's North Dakota midstream assets. Oil differentials benefited from the addition of new pipeline infrastructure in the Williston Basin. Oasis Petroleum Inc. (NYSE: OAS) closed up slightly on Monday as well at $12.12 trading over 11.8 million shares by the market close. Oasis Petroleum announced after the close yesterday its intention to contribute a portion of its midstream assets to a Master Limited Partnership (MLP) and sell a minority interest in the MLP in an initial public offering. The MLP is intended to support Oasis's strategy to grow its midstream business. The midstream assets that are expected to be contributed to the MLP are located in the Williston Basin area of North Dakota and/or Montana and include a portion of Oasis's crude oil gathering and transportation system, natural gas gathering and processing system and water handling systems. DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with OGMarketReport.com or any company mentioned herein. The commentary, views and opinions expressed in this release by OGMarketReport.com are solely those of OGMarketReport.com and are not shared by and do not reflect in any manner the views or opinions of MNU. The companies that are discussed herein may or may not have approved the statements made in this release. MNU is not liable for any investment decisions by its readers or subscribers. MNU and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated one thousand nine hundred dollars for coverage of the current commentary covering issued by Petro River Oil by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.


Cullen A.,Chesapeake Energy Co.
Marine and Petroleum Geology | Year: 2014

A key consideration in tectonic models for SE Asia and opening of the South China Sea is the role that the West Baram and Tinjar Lines of NW Borneo may have played in accommodating the motion of crustal blocks displaced from Asia following India's collision. There are few studies that focus on these "lines". Using onshore geological studies and offshore seismic data to address the origin and tectonic significance of these, this paper concludes that rather than a major transform boundary between Luconia and the Dangerous Grounds, the West Baram Line marks the boundary between domains of continental crust that underwent differential extension in the Eocene. The Baram Basin is underlain by hyperextended continental crust on the NE side of the Baram Line. The strong contrast in the geological features across the Tinjar and West Baram Lines likely reflects ancient differences in crustal rheology with Luconia being the more rigid block. Although lack of significant strike slip faulting along the West Baram Line poses problems for tectonic models in which a wide proto-South China Sea is subducted beneath NW Borneo, intra-plate deformation, such as partial inversion of the Dangerous Grounds rift, offers a potential mechanism to mass balance blocks displaced from Asia with the reduced strike slip motion along the West Baram Line. © 2013 Published by Elsevier Ltd.


Patent
Chesapeake Energy Co. | Date: 2012-03-07

A method is disclosed for forming containers having an inner bag and a surrounding outer jacket. The method comprises conveying a sheet 26 for forming the bags of the containers, conveying a sheet 24 for forming the outer jackets of the containers and joining said sheets 24,26 to each other to form a laminate. A series of jacket blanks are then cut in the sheet 24 for forming the jackets by a cutting mechanism 44 and so as to define the outer perimeters of the jacket blanks, wherein said cutting is performed after said sheets have been joined and such that said jacket blanks are joined to said sheet for forming the bags.


Patent
Chesapeake Energy Co. | Date: 2012-10-03

A method for forming an extensible sheet material comprises positioning a blank of sheet material (50) over a female forming cavity 10. The periphery of the sheet 50 is clamped around the periphery of the cavity 10. The sheet material is then pressed into the cavity by means of a male part 30. The clamping is effected by means of the periphery of the sheet material 50 being clamped between non-planar clamping surfaces 6, 22.


Patent
Chesapeake Energy Co. | Date: 2014-09-24

A releasable adhesive 14 is applied to a web of material 6 in a lithographic printing unit 4. The adhesive 14 is dried in the unit 4. The web 6 may then be folded and opposed regions of adhesive 14 adhered to one another by activation of the adhesive 14 by heat and/or pressure.


Patent
Chesapeake Energy Co. | Date: 2014-08-13

A method is disclosed for forming containers having an inner bag and a surrounding outer jacket. The method comprises conveying a sheet 26 for forming the bags of the containers, conveying a sheet 24 for forming the outer jackets of the containers and joining said sheets 24,26 to each other to form a laminate. A series of jacket blanks are then cut in the sheet 24 for forming the jackets by a cutting mechanism 44 and so as to define the outer perimeters of the jacket blanks, wherein said cutting is performed after said sheets have been joined and such that said jacket blanks are joined to said sheet for forming the bags.


Patent
Chesapeake Energy Co. | Date: 2012-03-21

A litho printing apparatus 2 comprises in sequence a plurality of litho units 4, a coating unit 8 and a transfer unit 10. The transfer unit 10 is modified to include film application and removal means for applying a film 28 to a substrate 20 passing through the unit, and to remove said film from said substrate 20 after the substrate 20 has been dried or cured while in contact with the film 28.


Patent
Chesapeake Energy Co. | Date: 2012-01-04

A package made from cardboard, paperboard or other foldable sheet material and containing a blister pack (220) comprises a rolled or wrapped cylindrical leaflet (202) having a substantially circular outer circumference received therein, for example at an end of the package or along an edge.

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