Chesapeake Energy Corporation (CHKEL)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
CHKEL Chart
Chesapeake Energy Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 3 | $0.23 | $0.18 | -$0.05 | -21.74% |
 Christopher C. Powers Farther Finance Advisors, LLC | 17 | $1,694 | $1,694.05 | $0.05 | - |
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Chesapeake Energy Corporation Profile
| Energy Equipment & Services Industry | Energy Sector | Michael A. Wichterich CEO | NASDAQ (NGS) Exchange | 165167180 CUSIP |
| US Country | 1,500 Employees | - Last Dividend | 6 Jun 2022 Last Split | 10 Feb 2021 IPO Date |
Overview
Chesapeake Energy Corporation, founded in 1989 and headquartered in Oklahoma City, Oklahoma, stands as a prominent independent exploration and production company within the United States. Specializing in the acquisition, exploration, and developmental aspects of oil and natural gas properties, the corporation focuses on extracting these natural resources from underground reservoirs. Chesapeake Energy has secured its position in the industry through strategic interests in significant natural gas resource plays, notably the Marcellus Shale in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana. As of the end of December 2023, the company boasts a comprehensive portfolio of onshore U.S. unconventional natural gas assets, highlighted by its involvement in approximately 5,000 natural gas wells.
Products and Services
- Oil Production
Chesapeake Energy engages in the exploration and production of oil through advanced drilling and recovery techniques. The company's efforts in this domain aim to meet the growing energy demands by efficiently tapping into underexplored oil reserves, thereby contributing to the diversity and sustainability of the energy supply.
- Natural Gas Production
At the core of Chesapeake's operations is its natural gas production, predicated on the extraction of natural gas from vast unconventional resource plays. Their strategic investments in the Marcellus and Haynesville Shales exemplify the company's commitment to leveraging these resources, which are essential for heating, electricity generation, and as a cleaner alternative to other fossil fuels.
- Natural Gas Liquids (NGLs) Production
The company also specializes in the production of natural gas liquids (NGLs) — a suite of hydrocarbons found in natural gas, such as ethane, propane, and butane. These liquids have a wide array of commercial and industrial uses, ranging from heating fuels to petrochemical feedstocks. Chesapeake's NGL operations add significant value to its portfolio by maximizing the utility of its gas extraction processes.
