Chesapeake Energy (CHK) is one of the largest independent exploration and production companies in the United States. We consider Chesapeake to be the most innovative large cap E&P company on the planet. The company is based in Oklahoma City, Oklahoma and has a market cap of $15.75 billion.
Last year Chesapeake had total revenue of $9.5 billion and was the second largest producer of U.S. natural gas and a top 15 producer of U.S. liquids. The company is the #1 driller in the world of horizontal wells and the most active driller in the U.S. with 166 operated rigs and 105 non-operated rigs currently working. CHK is an innovative force in the E&P arena. In just the past four years, CHK has discovered five of America’s best unconventional plays, i.e., Granite Wash, Mississippian Lime, Haynesville Shale, Tonkawa Tight Sand and the Utica Shale. Equally important, CHK is also innovative on the financial side as they are a leader in asset monetization and have the best hedging track record in the industry.
Source: Seeking Alpha
For Energy News or Energy Investments
No comments:
Post a Comment