Chesapeake Energy Company Description
Chesapeake Energy knows the peaks and valleys of the oil and gas business, including the 2008-09 oil slump. The exploration and production company concentrates on building natural gas reserves through the acquisition and development of oil and gas assets across the US. The Midcontinent region accounts for more than a third of the company's estimated proved reserves of 12 trillion cu. ft. of natural gas equivalent, but Chesapeake also has assets along the Gulf Coast and in the Permian Basin, Appalachia, and the Ark-La-Tex region. In 2008 it owned or had stakes in 41,200 producing oil and natural gas wells that produced 2.3 billion cu. ft. of natural gas equivalent per day, 92% of which was natural gas.
View the Comprehensive Company Description for Chesapeake Energy
The Company Description provides a historical perspective of Chesapeake Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Chesapeake Energy's evolution in the marketplace.
