Chesapeake $4B WildHorse Deal to Add Upper Eagle Ford, Austin Chalk Assets

Chesapeake $4B WildHorse Deal to Add Upper Eagle Ford, Austin Chalk Assets

Chesapeake Energy Corp. said Tuesday it plans to acquire East Texas-focused WildHorse Resource Development Corp. to significantly expand its position in the Upper Eagle Ford Shale and Austin Chalk formations in a cash-and-stock deal valued at nearly $4 billion that management said would double oil production growth and further reduce debt.

October 30, 2018

Chesapeake, Ward Agree to $7M Settlement in Anadarko Basin Antitrust Lawsuit

Thousands of landowners in Oklahoma and Kansas could be compensated if a federal court approves a $6.95 million settlement filed Wednesday to resolve claims that Chesapeake Energy Corp., one of its co-founders and SandRidge Energy Inc. conspired to rig bids and fix prices for oil and gas leases in the Anadarko Basin.

September 6, 2018

Chesapeake Agrees to $7.75M Settlement With Pennsylvania Landowners

Chesapeake Energy Corp. has again reached a settlement with thousands of landowners in Pennsylvania, agreeing to provide $7.75 million to resolve claims that it wrongly deducted post-production expenses from royalty checks.

August 13, 2018

Chesapeake Looks to Portfolio for Gains As Selling Spree Ends With Utica Divestiture

Chesapeake Energy Corp. CEO Doug Lawler said Wednesday that last week’s $2 billion Utica Shale divestiture “marks the conclusion” of the company’s “strategy of asset sales being the primary driver of debt reduction,” as management plans to lean on other parts of the portfolio and gains from the resurgent Powder River Basin (PRB) to strengthen the balance sheet.

August 1, 2018
Utica Pioneer Chesapeake Takes a Bow, Exits in $2B Sale

Utica Pioneer Chesapeake Takes a Bow, Exits in $2B Sale

Chesapeake Energy Corp. is exiting Ohio’s Utica Shale, a play it pioneered, in a $2 billion divestiture to Houston-based startup Encino Acquisition Partners (EAP), which has plans to aggressively develop the 900,000 net acres.

July 27, 2018

BCE-Mach Named Buyer of Chesapeake Miss Lime Assets

BCE-Mach LLC, launched only weeks ago to target Midcontinent development, said Monday it was the buyer of Chesapeake Energy Corp.’s Mississippian Lime assets in Oklahoma, which it sold for $500 million.

April 3, 2018

Both Oil, Natural Gas Assets Still on Table as Chesapeake Continues Divestments

Chesapeake Energy Corp. won’t discriminate between its oil and natural gas properties this year as it looks to keep unloading assets in an ongoing quest to get leaner and cut another $2-3 billion of debt from its balance sheet.

February 22, 2018
Chesapeake Cuts Another 400 Jobs in Cost Cutting Initiative

Chesapeake Cuts Another 400 Jobs in Cost Cutting Initiative

Chesapeake Energy Corp. has cut 13% of its workforce, or 400 employees, as part of ongoing belt tightening at the company, CEO Doug Lawler told staff in an email on Tuesday.

January 30, 2018

Chesapeake Exec Says ‘Big Data Analytics’ Key to Oil/NatGas Growth Trajectory

Chesapeake Energy Corp. is focused on getting leaner next year with two “front and center” goals of spending within cash flow and keeping optionality in its expansive onshore portfolio by approaching core development through the lens of “big data analytics.”

November 17, 2017

Federal District Court in Ohio Sides With Producers in Post-Production Royalties Case

In a victory for oil and gas producers, a federal district court in Akron, OH, said it believes the Ohio Supreme Court would hold that state law follows an “at the well” rule on leases, which in turn would allow companies to deduct post-production costs.

October 30, 2017