Chesapeake Granite Wash Trust (CHKR)
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Chesapeake Granite Wash Trust Profile
| Oil & Gas Exploration & Production Industry | Energy Sector | - CEO | OTC PINK Exchange | 165185109 Cusip |
| US Country | - Employees | 20 May 2025 Last Dividend | - Last Split | - IPO Date |
Overview
Chesapeake Granite Wash Trust is a specialized investment entity that was incorporated in 2011 and is headquartered in Houston, Texas. Its core business revolves around owning royalty interests in a diverse portfolio of oil, natural gas liquids, and natural gas properties. These properties are strategically located in the Colony Granite Wash play within Washita County, which is part of the Anadarko Basin in Western Oklahoma. This region is known for its prolific production of hydrocarbons. The trust's portfolio includes royalty interests in 69 producing wells and 118 development wells, spanning approximately 26,400 net acres of area. This unique focus positions Chesapeake Granite Wash Trust as a key player in the energy sector, especially for investors looking to gain exposure to oil and gas royalties.
Products and Services
The trust offers a focused suite of products and services associated with its ownership of royalty interests in the oil and gas sector:
- Royalty Interests in Producing Wells: Chesapeake Granite Wash Trust holds royalty interests in 69 producing wells. These interests allow the Trust to earn a portion of the revenue from the sale of oil, natural gas liquids, and natural gas extracted from these wells. This provides a continuous stream of income based on production levels and market prices.
- Royalty Interests in Development Wells: In addition to producing wells, the Trust has interests in 118 development wells. These are wells that are either planned for drilling or are currently under development. Such interests potentially increase the Trust's revenue as these wells come into production, offering growth opportunities within the Trust's portfolio.
- Net Acres of Area: The Trust's royalty interests span across approximately 26,400 net acres in the Anadarko Basin. This extensive area in Western Oklahoma's Colony Granite Wash play provides a significant footprint in a key hydrocarbon-producing region. The size and location of these assets underpin the Trust's long-term value and revenue-generating potential.
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