Search results for: chesapeake

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  • 13 June 2011

      Chesapeake Energy Corporation announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on July 15, 2011 to common shareholders of record on July 1, 2011. Chesapeake has approximately 658 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred […]

  • 19 May 2014

    Chesapeake Energy Corporation updated its currently anticipated 2014 asset sales and divestitures and the projected impact of such transactions on its 2014 Outlook on May 16. The company also introduced preliminary estimated ranges for its 2015 adjusted production growth and total capital expenditures. Chesapeake continues to divest of noncore assets in order to focus its […]

  • 2 July 2012

    Chesapeake Energy Corporation today announced that Global Infrastructure Partners (GIP) has closed the previously announced acquisition of all of Chesapeake’s ownership interests in Chesapeake Midstream Partners, L.P. for $2.0 billion, resulting in an anticipated pretax gain to Chesapeake of approximately $1.0 billion. As previously disclosed, Chesapeake is also negotiating the sale of certain Mid-Continent gathering […]

  • 23 January 2011

    FORTUNE announced that Chesapeake Energy Corporation has been named one of the “100 Best Companies to Work For” in the U.S. for the fourth consecutive year. Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “We are honored and excited to have been selected again this year as one of America’s 100 best places to work. […]

  • 9 May 2011

      Chesapeake Energy Corporation today announced the completion of a recapitalization of privately held Frac Tech Holdings, LLC. In the transaction, Chesapeake supported a consortium of investors that included Maju Investments (Mauritius) Pte Ltd, a wholly owned investment holding company of Temasek Holdings (Private) Limited (Temasek), and RRJ Capital in their acquisition of the outstanding […]

  • 31 January 2011

    Chesapeake Energy Corporation and CNOOC Limited announced the execution of an agreement whereby CNOOC International Limited, a wholly-owned subsidiary of CNOOC Limited, will purchase 33.3% undivided interest in Chesapeake’s 800,000 net oil and natural gas leasehold acres in the Denver-Julesburg (DJ) and Powder River Basins in northeast Colorado and southeast Wyoming. The consideration for the […]

  • 7 October 2010

    Chesapeake Energy Corporation today announced the appointment of Kathleen Eisbrenner to the Chesapeake Board of Directors effective December 1, 2010, to serve until the 2011 annual meeting of shareholders when she will stand for election by Chesapeake’s shareholders. Ms. Eisbrenner, 50, currently is engaged in the organization of Next Decade, a new company that will […]

  • 1 April 2011
    Project & Tenders

      Chesapeake Energy Corporation announced the closing of a transaction to sell its Fayetteville Shale assets to BHP Billiton Petroleum, a wholly owned subsidiary of BHP Billiton Limited. The transaction included approximately 487,000 net acres of leasehold, current net production of approximately 415 million cubic feet of natural gas equivalent per day and midstream assets […]

  • 8 June 2012

    Chesapeake Energy Corporation announced plans to sell its midstream assets in three separate transactions for total expected cash proceeds of more than $4.0 billion. The midstream divestitures will also enable Chesapeake to reduce previously budgeted capital expenditures by approximately $3.0 billion over the next three years. Chesapeake has agreed to sell its limited partner units […]

  • 28 December 2010

    Chesapeake Energy Corporation announced that its Board of Directors has declared a $0.075 per share quarterly dividend that will be paid on January 18, 2011 to common shareholders of record on January 3, 2011. Chesapeake has approximately 655 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock […]

  • 17 February 2011
    Project & Tenders

      Chesapeake Energy Corporation and CNOOC Limited announced the closing of a project cooperation agreement whereby CNOOC International Limited, a wholly owned subsidiary of CNOOC Limited, purchased a 33.3% undivided interest in Chesapeake’s 800,000 net oil and natural gas leasehold acres in the Denver-Julesburg (DJ) and Powder River Basins in northeast Colorado and southeast Wyoming. […]

  • 24 August 2017
    Business & Finance

    The City of Chesapeake, Virginia, has just release a video update on their Cooper’s Ditch Dredging Project. Public Works and contractor crews have been working this summer to dredge Cooper’s Ditch, a key element in Chesapeake’s Stormwater Management Program. This edition of Chesapeake Minutes goes behind the scenes to show how this vital work takes place. […]

  • 28 June 2018
    Business & Finance

    The Hogan Administration has awarded funding to 18 recipients through the Chesapeake and Atlantic Coastal Bays Trust Fund to improve the health of Maryland’s waterways, Maryland Department of Natural Resources said in its latest release.  The “Trust Fund” allows Maryland to accelerate Chesapeake Bay restoration and improve water quality by focusing targeted financial investments and resources on the most […]

  • 6 February 2011

      Chesapeake Energy Corporation announced that, as part of its 2011-12 strategic and financial “25/25 Plan,” the company has decided to sell all of its Fayetteville Shale assets, as well as its equity investments in Frac Tech Holdings, LLC and Chaparral Energy, Inc. If these sales are completed, Chesapeake anticipates that the combined pre-tax proceeds […]

  • 3 January 2012

    Total announced that its subsidiary, Total E&P USA, has signed and completed on December 30, 2011 an agreement to enter into a Joint Venture with Chesapeake Exploration, a subsidiary of Chesapeake Energy Corporation, and affiliates of its partner EnerVest Ltd. In the agreement, Total acquires a 25% share in Chesapeake’s and EnerVest’s liquids-rich area of […]

  • 8 February 2011

      Chesapeake Energy Corporation today announced that it is commencing a public offering of $1.0 billion of Senior Notes due 2021. Chesapeake intends to use the net proceeds from the offering to repay indebtedness outstanding under its revolving bank credit facility, which it anticipates reborrowing from time to time to meet capital expenditure initiatives and […]

  • 14 February 2012

    Chesapeake Energy said that it has priced its previously announced public offering of $1.3 billion principal amount of Senior Notes due 2019, which will carry an interest rate of 6.775% per annum. The senior notes were priced at 98.75% of par to yield 7%. The offering was increased from a previously announced offering size of […]

  • 10 May 2017
    Business & Finance

    The overall health of Chesapeake Bay improved in 2016, a positive sign that recovery efforts are working, the University of Maryland Center for Environmental Science (UMCES) said in its latest release.  The largest estuary in the nation scored a C grade (54%) in the 2016 report card, one of the highest scores calculated by scientists at […]

  • 9 February 2011

      Chesapeake Energy Corporation announced that it has priced its previously announced public offering of $1.0 billion principal amount of Senior Notes due 2021. The notes were priced at par and carry an interest rate of 6.125% per annum. Chesapeake expects the issuance and delivery of the senior notes to occur on February 11, 2011, […]

  • 24 January 2011

    Chesapeake Energy Corporation today announced that its board of directors has extended an invitation to Louis A. Simpson to join the Chesapeake Board of Directors. Mr. Simpson has accepted Chesapeake’s invitation and will fill the vacancy created by the retirement of Mr. Frederick B. Whittemore, the final nonexecutive member of Chesapeake’s 1992 founding board of […]

  • 6 April 2011

      Chesapeake Energy Corporation announced that it continues to make significant progress towards its goal of converting its entire corporate fleet of 4,200 vehicles to clean, compressed natural gas (CNG) by 2014. Phase One of the program, which involved converting the Chesapeake fleet in Oklahoma, was completed last week when the company’s 800th natural gas […]

  • 13 February 2012

    Chesapeake Energy Corporation  provided details on its financial plan to fully fund the company’s anticipated capital expenditures during 2012 and provide additional liquidity for 2013. The company is also projecting that its rapidly increasing liquids production will enable it in 2014 to reach equilibrium between its cash flow from operations and its planned drilling and […]