Expand Energy Corp

Chesapeake Energy Corp. is an independent oil and natural gas exploration and production company. It focuses on acquiring, exploring, and developing properties to produce oil, natural gas, and natural gas liquids primarily from underground reservoirs located within the United States. Founded in 1989, Chesapeake Energy has it headquarters in Oklahoma City, Oklahoma. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in North-Western Louisiana. It has liquids-rich resource play in the Eagle Ford Shale in South Texas. As of 31 December, 2021, Chesapeake Energy owns interests in approximately 8,200 gross productive wells, including 6,500 wells with working interest and 1,700 wells with an overriding or royalty interest; it estimates proved reserves of 661 million barrels of oil equivalent. On 9 March 2022, Chesapeake Energy announced that it had completed its acquisition of Chief E&D Holdings, LP and associated non-operated interests held by affiliates of Tug Hill, Inc. These assets, located in the Marcellus Shale, are expected to accelerate returns to the company’s shareholders. The company has also set a goal to achieve net-zero direct GHG emissions by 2035. Available on the NYSE, stock for Chesapeake Energy Corp. is listed under the ticker CHK. Explore CHK share prices and other stocks on eToro.