Chesapeake Energy Corp. today announced the commencement of private offers of new 8.00% Senior Notes due 2026 to be issued by the Company in exchange for certain outstanding senior unsecured notes of the Company, upon the terms and subject to the conditions set forth in the Company's confidential offering memorandum and related letter of transmittal, each dated March 5, 2019. The exchange offers are not subject to a [...]
Chesapeake Energy Corp. today reported financial and operational results for the 2018 full year and fourth quarter. Highlights include: 2018 Results: Portfolio evolution drives improved returns and leverage reduction: Divested lower-margin Utica and Mid-Continent assets and expanded higher-margin oil growth platform through strategic focus on the Powder River Basin and announcement of the acquisition of WildHorse [...]
Chesapeake Energy Corp. announces an innovative partnership to accelerate the company's digital transformation and data-driven growth initiatives. Chesapeake continues to build momentum in early 2019, with a concentration on operational efficiency and optimization, capital discipline and growth by leveraging advanced data science and machine learning/AI to solidify its position as a top-tier operator. The company's [...]
Chesapeake Energy Corp. today announced that it has completed its acquisition of WildHorse Resource Development Corporation . The merger was previously approved by Chesapeake shareholders and WildHorse stockholders at special meetings held on January 31, 2019. At the election of each WildHorse common stockholder, the consideration consisted of either 5.989 shares of Chesapeake common stock or a combination of 5.336 [...]
OKLAHOMA CITY and Chesapeake Energy Corp. and WildHorse Resource Development Corporation jointly announced today the preliminary results of the elections made by holders of shares of WildHorse's common stock regarding the form of merger consideration to be received in connection with Chesapeake's pending acquisition of WildHorse. As announced on October 30, 2018, Chesapeake and WildHorse entered into a definitive merger [...]
OKLAHOMA CITY and Chesapeake Energy Corp. and WildHorse Resource Development Corporation jointly announced today that, in connection with Chesapeake's pending acquisition of WildHorse, the election deadline for record holders of shares of WildHorse's common stock to elect the form of merger consideration they wish to receive in connection with the transaction is 5:00 p.m. Eastern time on January 30, 2019, which is based [...]
Chesapeake Energy Corp. today announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues, as stated below. 4.50% 5% 5.75% 5.75% NYSE Symbol CHK Pr D N/A N/A N/A Date of Original Issue September 14, 2005 November 8, 2005 May 17, 2010 May 17, 2010 Registered CUSIP 165167842 165167826 165167768 165167750 144A CUSIP N/A 165167834 165167776 165167784 RegS CUSIP N/A N/A [...]
Chesapeake Energy Corp. today reported selected financial and operational results for the 2018 fourth quarter. Highlights include: Estimated average 2018 fourth quarter production range of approximately 462,000 to 464,000 barrels of oil equivalent per day Estimated average 2018 fourth quarter oil production range of approximately 86,000 to 87,000 barrels of oil per day; divested Utica oil volumes have been completely [...]
Chesapeake Energy Corp. today announced that the Company is calling for redemption in full on January 28, 2019 all of its outstanding 2.25% Contingent Convertible Senior Notes due 2038 , of which an aggregate principal amount of approximately $923,000 is outstanding. The Notes are called for redemption at a redemption price , in any integral multiple of $1,000, equal to 100% of the principal amount of the Notes to be [...]
Chesapeake Energy Corp. announced today the expiration and final results of its previously announced offer to purchase its 2.25% Contingent Convertible Senior Notes due 2038 at the option of the holders of the Notes pursuant to the terms of the Notes. The offer to purchase expired at 5:00 P.M., New York time, on December 12, 2018 and withdrawal rights with respect to tendered Notes expired at 5:00 p.m. New York time, on [...]
Chesapeake Energy Corp. announced today that it is notifying holders of its 2.25% Contingent Convertible Senior Notes due 2038 that they have the option, pursuant to the terms of the Notes, to require Chesapeake to purchase on December 15, 2018 all or a portion of such holders' Notes . The repurchase price is equal to 100% of the aggregate principal amount of the Note, together with accrued but unpaid interest thereon, up [...]
Chesapeake Energy Corp. today reported financial and operational results for the 2018 third quarter. Highlights include: 2018 third quarter net income available to common stockholders of $60 million, or $0.07 per diluted share; 2018 third quarter adjusted net income attributable to Chesapeake of $174 million, or $0.19 per diluted share 2018 third quarter cash flow from operating activities of $504 million, up 52 percent [...]