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Chesapeake Energy Value Stock - Dividend - Research Selection

Chesapeake energy

ISIN: US1651671075 , WKN: 885725

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Description of the company

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania. It also holds interests in liquids-rich resource plays, such as the Eagle Ford Shale in South Texas; the Utica Shale in Ohio; the Anadarko Basin in northwestern Oklahoma; and the stacked pay in the Powder River Basin in Wyoming. The company owns interests in approximately 17,300 oil and natural gas wells. As of December 31, 2017, it had estimated proved reserves of 1.116 billion barrels of oil equivalent. The company also provides oil, natural gas, and NGL marketing services comprising commodity price structuring, securing and negotiating gathering, hauling, processing and transportation, contract administration, and nomination services for Chesapeake-operated wells; and marketing services for third-party producers. Chesapeake Energy Corporation was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.

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NEWS


UPDATE 1-US natgas prices slide 2% on lower demand forecasts, extended Freeport LNG outage

2024-03-20
Freeport LNG said it anticipates two of the three liquefaction trains at its liquefied natural gas (LNG) plant will remain out of service for testing and repairs through May. Front-month gas futures for April delivery on the New York Mercantile Exchange fell 4.5 cents, or 2.6%, to settle at $1.699 per million British thermal units (mmBtu). Energy traders said futures were supported earlier in the week by a continued drop in U.S. output after gas prices collapsed to a 3-1/2-year low in February.

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US natgas prices gain 3% on output drop, CNX delays well completions

2024-03-12
SUPPLY AND DEMAND Financial firm LSEG said gas output in the Lower 48 U.S. states fell to an average of 100.4 billion cubic feet per day (bcfd) so far in March, down from 104.1 bcfd in February. On a daily basis, output was on track to drop by around 6.1 bcfd over the last month to a preliminary seven-week low of 99.3 bcfd. With cooler weather coming, LSEG forecast U.S. gas demand in the Lower 48, including exports, would rise from 110.3 bcfd this week to 113.2 bcfd next week.

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Natural Gas Producers Are Slashing Spending As Prices Stumble

2024-03-08
The natural gas market is currently experiencing low prices due to oversupply and reduced demand, prompting major drillers like Chesapeake Energy to reduce capital expenditures and build up inventories of drilled but uncompleted wells in anticipation of future demand increases.