OKLAHOMA CITY, Nov. 30, 2021 /PRNewswire/ -- Chesapeake Energy Corp. today announced that Mohit Singh has been appointed Executive Vice President and Chief Financial Officer, effective December 6, 2021. "I am pleased to welcome Mohit to Chesapeake at such an exciting time in our company's history," said Nick Dell'Osso, Chesapeake's President and Chief Executive Officer. "Mohit brings deep financial and executive [...]
Chesapeake Energy Corp. today reported 2021 third quarter results. Highlights include: Net cash provided by operating activities of $443 million, resulting in unrestricted cash balance of $849 million Net loss totaled $345 million, or $3.51 per diluted share; adjusted net income of $269 million, or $2.38 per diluted share Adjusted EBITDAX of $519 million; free cash flow of $265 million; net debt at September 30 to 2021E [...]
Chesapeake Energy Corp. today announced it has completed its previously announced acquisition of Vine Energy Inc. . The transaction was approved by Vine stockholders at a special meeting held on November 1, 2021. Vine stockholders will receive fixed consideration of 0.2486 of a share of Chesapeake common stock plus $1.20 cash for each share of Vine common stock issued and outstanding immediately prior to the closing of [...]
Industry leaders align to innovate and accelerate the deployment of technology to drive the next wave of operational safety, efficiency and environmental performance gains OKLAHOMA CITY and Chesapeake Energy Corp. and Nabors Industries Ltd. today announced they will enter into a contractual agreement, establishing Nabors as the new preferred drilling contractor for Chesapeake across its unconventional oil and natural gas [...]
Chesapeake Energy Corp. today announced that it will release its 2021 third quarter operational and financial results after market close on Tuesday, November 2, 2021. A conference call to discuss the results has been scheduled on Wednesday, November 3, 2021 at 9:00 am EDT. The telephone number to access the conference call is 888-317-6003 or 412-317-6061 for international callers. The passcode for the call is 6823443 [...]
Chesapeake Energy Corp. and Vine Energy Inc. today announced that they have entered into a definitive agreement pursuant to which Chesapeake will acquire Vine, an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana. The acquisition is a zero premium transaction valued at approximately $2.2 billion, based on a [...]
Chesapeake Energy Corp. today reported 2021 second quarter results. Highlights include: Net cash provided by operating activities of $394 million, resulting in unrestricted cash balance of $612 million Net loss totaled $439 million, or $4.48 per diluted share; adjusted net income of $181 million, or $1.64 per diluted share Adjusted EBITDAX of $429 million; free cash flow of $292 million; net debt at June 30 to 2021E [...]
Chesapeake Energy Corp. today announced that it will release its 2021 second quarter operational and financial results after market close on Tuesday, August 10, 2021. A conference call to discuss the results has been scheduled on Wednesday, August 11, 2021 at 9:00 am EDT. The telephone number to access the conference call is 888-317-6003 or 412-317-6061 for international callers. The passcode for the call is 2789084 [...]
- Chesapeake is the first company to independently certify and continuously monitor its natural gas production across two major shale gas basins under the standards developed by MIQ and Equitable Origin - Certification supports Chesapeake's pledge to reduce methane and greenhouse gas intensity and achieve net-zero direct greenhouse gases by 2035 Chesapeake Energy Corp. today announced a new collaboration with MiQ and [...]
Chesapeake Energy Corp. today reported 2021 first quarter results, launched a cash dividend program based on strong operating cash flow performance and announced its updated 2021 guidance. Highlights include: Successor net income totaled $295 million, or $2.75 per diluted share Generated adjusted EBITDAX of $510 million for the combined 2021 Successor and Predecessor Periods March 31, 2021 unrestricted cash balance of [...]
Chesapeake Energy Corp. today announced that it will release its 2021 first quarter operational and financial results after market close on Tuesday, May 11, 2021. A conference call to discuss the results has been scheduled on Wednesday, May 12, 2021 at 9:00 am EDT. The telephone number to access the conference call is 888-317-6003 or 412-317-6061 for international callers. The passcode for the call is 2667856 [...]
Chesapeake Energy Corp. today announced the departure of Doug Lawler from his position as Chief Executive Officer of Chesapeake, effective April 30, 2021. Mike Wichterich, the Chair of Chesapeake's Board of Directors, will serve as Interim Chief Executive Officer while the Board of Directors conducts a search for a new Chief Executive Officer, which it expects to complete over the coming months. Mike Wichterich, Chair of [...]