CHESAPEAKE ENERGY

'Chesapeake Energy' () is a producer of natural gas in the United States and according to their 3Q 2007 report, is the largest independent producer, third overall (including majors) and the most active driller of new wells in the US. Their primary growth is due to acquisitions and mergers. Its headquarters are located in Oklahoma City, Oklahoma.

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History

External links

References

Data

History

Chesapeake was co-founded by CEO and chairman Aubrey McClendon and former COO and president Tom L. Ward. The company completed its initial public offering in early 1993 and now trades under the symbol CHK on the NYSE.
Chesapeake is now (as of August 2007) the largest independent producer of natural gas in the United States. The only two larger producers are majors BP and ConocoPhilips. McClendon was also recognized by Forbes magazine as one of America's top-performing executives.
Chesapeake owns oil and natural gas wells in several states, including Oklahoma,Texas, Arkansas, Louisiana, Kansas, Colorado, North Dakota and New Mexico. With the recent acquisition of the holding company of Columbia Natural Resources, LLC and certain affiliated entities (''CNR''), they have a leasehold in Appalachian Basin, primarily in West Virginia, eastern Kentucky, eastern Ohio and southern New York. Chesapeake is the most active driller of new wells in the United States. As of the end of 2Q 2007, the company's proved natural gas reserves were approximately 10.0 trillion cubic feet equivalent. This is up from 9.0 tcfe year end 2006.
Chesapeake has often been mentioned by TV personality and stock analyst Jim Cramer on his show Mad Money.
As of March 2, 2006, Chesapeake has been added into the S&P 500, replacing Dana Corp.

External links

★ Chesapeake's official website

References

Community Involvement

Data

★ - Yahoo! Finance company profile