Chesapeake Energy
 |
|
| Public company | |
| Traded as | : CHK S&P 500 Component |
| Industry | Petroleum industry |
| Founded | 1989 |
| Founder | Aubrey McClendon and Tom L. Ward |
| Headquarters | Oklahoma City |
|
Key people
|
Robert Douglas Lawler, CEO Douglas J. Jacobson, Vice President Domenic J. Dell'Osso, Jr., CFO |
| Products | petroleum, natural gas |
|
Production output
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679 thousand barrels of oil equivalent (4,150,000 GJ) per day (2015) |
| Revenue |  US$12.764 billion (2015) |
| US$ -18.919 billion (2015) |
|
| US$ -14.635 billion (2015) |
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| Total assets | US$17.357 billion (2015) |
| Total equity | US$2.397 billion (2015) |
|
Number of employees
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4,400 |
| Website | www |
Chesapeake Energy Corporation is a petroleum and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company was founded in 1989 by Aubrey McClendon and Tom L. Ward with only a $50,000 initial investment. McClendon named the company due to his love of the Chesapeake Bay region. Ward later left the company to found SandRidge Energy.
The company's properties are divided into two operating segments: the Southern Division and the Northern Division.
The northern division, which accounted for 42% of total production volumes in 2015 and 39% of total proved reserves at December 31, 2015, includes the acreage in the following areas:
The southern division, which accounted for 58% of total production volumes in 2015 and 61% of total proved reserves at December 31, 2015, includes the acreage in the following areas:
In 2015, the company produced 679 thousand barrels of oil equivalent (4,150,000 GJ) per day, which was 72% natural gas, 17% petroleum, and 11% natural gas liquids.
As of December 31, 2015, the company had 1.504 billion barrels of oil equivalent (9.20×109 GJ) of estimated proved reserves, of which 73% was natural gas and 27% was petroleum and natural gas liquids.
The company was founded in 1989 by Aubrey McClendon and Tom L. Ward with only a $50,000 initial investment. McClendon named the company due to his love of the Chesapeake Bay region. Ward later left the company to found SandRidge Energy.
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Wikipedia