ADVFN - Advanced Financial Network.
HOME» NYSE » C » CHK Stock Price » CHK Stock News

Chesapeake Share News

 Chesapeake Energy Corp. Stock Price
CHK Stock Price
 Chesapeake Energy Corp. Stock Chart
CHK Stock Chart
 Chesapeake Energy Corp. Stock News
CHK Stock News
 Chesapeake Energy Corp. Company Information
CHK Company Information
 Chesapeake Energy Corp. Stock Trades
CHK Stock Trades

Chesapeake To Delay Eagle Ford Oil Field Deal -CEO

HOUSTON -(Dow Jones)- Chesapeake Energy Corp. (CHK) said Monday that it would delay a $1 billion oil deal in the Eagle Ford oil shale in Texas, but that major asset sales in the Permian and in the Mississippi Lime basins remained on track to close in the third quarter. Chief Executive Aubrey McClendon said that language the company included in a quarterly filing Friday warning of a delay in asset sales led many to worry that the Permian and Mississippi Lime sales "were somehow in jeopardy." But the language was referring to a Volumetric Production Payment deal in the Eagle Ford, in which the company would have sold some of the field's production in advance to investors, McClendon said. Chesapeake stock had tumbled 14% on Friday in the wake of the company's filing. He said the company also has identified noncore assets it plans to sell in the second half of 2012 and continuing into 2013 to make sure it has enough money to meet its ambitious spending plans. McClendon said that the company chose to take a $3 billion unsecured loan from Goldman Sachs Group Inc. (GS) and Jefferies Group Inc. (JEF) instead, as it would provide more assurance to investors that it would be able its transition from being primarily a natural gas producer to one more focused on oil from a position of strength. The Oklahoma City company, which in the past decade has grown into the second-largest natural gas producer in the U.S. by throwing armies of land men into emerging oil and gas fields, also plans to concentrate on drilling the acreage it already holds, McClendon said. That's uncharted territory for the company, and for McClendon, who started out as a land man. "Now we're transitioning to asset harvest," McClendon said. -By Angel Gonzalez, Dow Jones Newswires; 713-547-9214;angel.gonzalez@dowjones.com

Stock News for Chesapeake (CHK)
DateTimeHeadline
12/06/201608:04:00Chesapeake Energy Corporation Announces Cash Tender Offers For...
12/06/201608:02:00Chesapeake Energy Corporation Announces Cash Tender Offers For...
12/06/201607:59:00Chesapeake Energy Corporation Announces Private Placement Of...
12/05/201607:00:00Chesapeake Energy Corporation Announces Agreement To Sell First...
12/02/201618:07:00Rosen Law Firm Reminds Chesapeake Energy Corporation Investors...
12/02/201616:05:00Chesapeake Energy Corporation Announces Changes To Board Of Directors
11/25/201609:30:00INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of...
11/23/201610:26:00CHK ALERT: Rosen Law Reminds Chesapeake Energy Corporation Investors...
11/21/201610:28:00CHK SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds...
11/15/201609:46:00CHK INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors...
11/11/201618:32:00EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class...
11/11/201610:51:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders...
11/09/201614:33:00CHK SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies...
11/07/201611:50:00EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class...
11/06/201608:00:00DEADLINE ALERT: Brower Piven Alerts Shareholders Of Upcoming...
11/03/201608:50:00Chesapeake Energy Results Not as Bad as Feared
11/03/201608:35:00Chesapeake Energy Results Not as Bad as Feared, Shares Higher
11/03/201607:00:00Chesapeake Energy Corporation Reports 2016 Third Quarter Financial...
10/28/201617:46:00Lifshitz & Miller Law Firm Announces Investigation of Alnylam...
10/19/201618:40:00Chesapeake Energy to Revise Wyoming Pact

Chesapeake Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US