Chesapeake Energy Corporation

Chesapeake Energy Corporation

Chesapeake Energy Corporation

Overview
Date Founded

1989

Headquarters

6100 North Western Avenue, Oklahoma City, OK, 73118, USA

Type of Company

Public

Employees (Worldwide)

3,200

Industries

Oil & Gas
Power & Utilities

Company Description

Chesapeake Energy Corporation is the second-largest producer of natural gas, the 11th largest producer of oil and natural gas liquids and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime and Niobrara unconventional liquids plays and in the Marcellus, Haynesville/Bossier and Barnett unconventional natural gas shale plays. The company also owns substantial marketing and oilfield services businesses through its subsidiaries Chesapeake Energy Marketing, Inc. and Chesapeake Oilfield Services, L.L.C.

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel & Corporate Secretary

Senior Vice President & Chief Accounting Officer

Executive Vice President-Exploration & Production

Executive Vice President-Operations & Technical Services

Owner

Assistant Secretary

Staff Auditor

Auditor

Board of Directors

Chief Executive Officer at Service Corp. International

Partner at National Oilwell Varco LP

Director, President & Chief Executive Officer at Chesapeake Energy Corporation

Oil & Gas Leader, Asia Pacific at Deloitte & Touche LLP (Singapore)

Former Senior Vice President-Supply Chain at Frito-Lay North America, Inc.

Former Chairman & Chief Executive Officer at Kerr-McGee Corp.

Vice President at Chesapeake Energy Corporation

Vice President-Operations & Service Support at FedEx Corporation

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Owners & Shareholders
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Harris Associates uses a value investment philosophy in selecting equity and equity-like securities of U.S. and non-U.S. issuers. This investment philosophy is based upon the belief that, over time, a company's stock price converges with the company's intrinsic or true business value. The firm's investment philosophy spans across large, mid and small cap companies. In addition, in connection with certain investment strategies that have direct or indirect foreign currency exposure, Harris may hedge a client's exposure to such currencies. The firm's discretionary investment advisory services include a variety of investment strategies from which clients may select. These strategies include U.S. equity, U.S. concentrated equity, U.S. mid cap equity, balanced, equity and income, global all cap equity, global equity, global concentrated equity, international equity, international small cap equity, and Japan equity. Harris also provides variations of certain of these strategies to accommodate, among other things, currency hedging or country exclusions. The firm also provides U.S. equity and balanced portfolios to private clients.In connection with their balanced and equity and income strategies, Harris provides investment advice regarding a wide range of debt securities issued by U.S. and non-U.S. governments, government-sponsored entities, municipalities, international agencies and corporations. The debt securities portion of the balanced and equity and income strategies should, in Harris' opinion, complement the strategies' equity holdings. Harris aims for preservation of capital and generation of income in the debt portion of the strategies. In general, Harris selects what they believe are debt securities of high quality (typically U.S. Treasury and Agency securities, non-U.S. government securities, or highly-rated municipal and corporate securities) and short-to-intermediate maturities. Harris may also invest in medium and lower-grade debt securities.

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Schneider Capital Management Corp. (SCM) employs an active value equity investment approach to invest in common stocks of companies with different market capitalizations, and which they believe are undervalued. The firm offers advice on: exchange-listed securities, securities traded over-the-counter, foreign issuers, corporate debt securities, mutual fund shares, US government securities, options contracts on securities, options contracts on commodities, futures contracts on tangibles, futures contracts on intangibles and EFTs. SCM engages in fundamental securities analysis focused on a value discipline and employs strategies including: long-term and short-term purchases, short-term trading, short sales, margin transactions and option writing. Clients may impose restrictions or prohibitions on investing in certain securities or types of securities.

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Huber Capital Management is a 100% employee owned investment advisory firm providing discretionary investment advisory services to institutional accounts and mutual funds. Founded in 2007, our firm brings together an experienced group of investment professionals committed to a disciplined, value-based investment process which utilizes best practices of both fundamental research and behavioral psychology to create a distinctive investment approach. Our people matter. Our culture is team-oriented and learning-based, while encouraging individual initiative within a process-oriented research framework. Our decisions are guided by a core set of beliefs: That value is a timeless rather than timely investment style, that risk is best measured by permanent loss of capital not volatility, and that consistently superior returns should come from a superior process applied consistently. Our clients come first. Our paramount goal is to provide clients with superior risk-adjusted returns over the long term while maintaining the highest levels of customer service

Recent Transactions
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Bayou City Energy Management LLC, BCE-Mach LLC purchase Chesapeake Energy Corp. /Mississipi Lime Assets from Chesapeake Energy Corporation

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purchases Chesapeake Energy Corp. /Oil & Gas Assets Scoop Stack from Chesapeake Energy Corporation

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purchases Chesapeake Energy Corp. /Oil & Gas Assets In Arkoma from Chesapeake Energy Corporation

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onGovernment of Singapore, Maju Holdings Pte Ltd., RRJ Management (HK) Ltd. purchase Frac Tech Services LLC

Auditor

Advised onChesapeake Energy Corporation issued Common Stock

Investment Advisor

Advised onGlobal Infrastructure Management LLC, Global Infrastructure Management LLP purchase Williams Partners LP from Chesapeake Energy Corporation

Attorney

Advised onGlobal Infrastructure Management LLC, Global Infrastructure Management LLP purchase Williams Partners LP from Chesapeake Energy Corporation

Legal Advisor

Advised onGlobal Infrastructure Management LLC, Global Infrastructure Management LLP purchase Williams Partners LP from Chesapeake Energy Corporation

Legal Advisor

Advised onGlobal Infrastructure Management LLC, Global Infrastructure Management LLP purchase Williams Partners LP from Chesapeake Energy Corporation

Advisors & Consultants
Legal Advisor

Partner at Cravath, Swaine & Moore, LLP

Advisor

Managing Director at Houlihan Lokey Howard & Zukin, Inc.

Legal Advisor

Partner at Orrick, Herrington & Sutcliffe LLP

Clients

BP Plc operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, including liquefied natural gas, and power and natural gas liquids. It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGL extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers. It offers lubricants and related products under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemicals products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemicals products. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. It also produces bioethanol, sugar, and biobutanol; exports power to the local grid; transports hydrocarbon products through shipping and chartering services. BP was founded by William Knox D'Arcy on April 14, 1908 and is headquartered in London, the United Kingdom.

Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products. The Upstream segment manages the exploration for and extraction of crude oil, natural gas, and natural gas liquids. The Downstream segment manages different oil products and chemical activities as part of an integrated value chain, including trading activities, what turns crude oil and other feedstock into a range of products which are moved and marketed around the world for domestic, and industrial and transport use. The Corporate segment comprises holdings and treasury, self-insurance activities, and headquarters and central functions of the company. The company was founded in February 1907 and is headquartered in The Hague, Netherlands.

DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and condensate; and transporting, storing and selling propane in wholesale markets. It operates through three segments: Gathering & Processing powerhouse, Logistics & Marketing, and Growth Projects. The Gathering & Processing powerhouse segment engages in gathering and processing of raw gas to make it marketable. The Logistics & Marketing segment consists of multiple downstream assets including fractionators, NGL pipelines, and NGL storage facilities. The Growth Projects segment includes Mewbourn 3, which is a cryogenic natural gas processing plant in the DJ Basin. The company was founded in August 2005 and is headquartered in Denver, CO.

Key Stats and Financials As of 2017
Market Capitalization
$3.99B
Total Enterprise Value
$15.3B
Earnings Per Share
$0.9
Revenue
$9.12B
Total Debt
$9.97B
Total Equity
$-372M
Net Profit
$939M
TEVNet Income
16.32x
Debt TEV
0.65x
Enterprise Value Sales
1.68x
Enterprise Value EBITDAOperating
7.05x
EBITDAMargin
23.85%
EBITDA
$2.18B
Three Year Compounded Annual Growth Rate Of Revenue
-22.95%
Five Year Compounded Annual Growth Rate Of Revenue
-4.36%
Non-Profit Donations & Grants
Political Donations
$5,000
2014
$5,000
2014
$1,000
2014
Investments
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CHK Cleveland Tonkawa LLC owns and operates natural gas wells. The company was founded on March 22, 2012 and is headquartered in Oklahoma City, OK.

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Headquartered in Oklahoma City, Access Midstream Partners (ACMP) is a growth-oriented, master limited partnership formed to own, operate, develop and acquire midstream energy assets in the United States. Access Midstream's assets are strategically located in Arkansas, Kansas, Oklahoma, Pennsylvania, Texas and West Virginia. Our company operates in the prolific Barnett, Haynesville and Marcellus shales, and Mid-Continent areas. Access Midstream's gathering systems are comprised of more than 3,900 miles of active gathering lines and treating facilities that provide services to approximately 5,450 wells. Our assets gather approximately 2.8 billion cubic feet (bcf) of natural gas per day, which we believe ranks us as the largest gathering and processing master limited partnership in the U.S

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FTS International, Inc. engages in the provision of oil and natural gas well completion services. Its services include pressure pumping, wire line and perforating, reservoir optimization, and equipment manufacturing. The company was founded in 2002 and is headquartered in Fort Worth, TX.

Investors
Details Hidden

Founder at Icahn Associates Holding LLC

Suppliers
MarkWest Energy Partners LP Oil & Gas | Denver, Colorado

MarkWest Energy Partners LP engages in the business of gathering, processing and transportation of natural gas; the transportation, fractionation, storage and marketing of natural gas liquids; and the gathering and transportation of crude oil. It operates through four segments: Marcellus, Utica, Northeast and Southwest. The Southwest segment includes the operations of processing facilities in Corpus Christi, Texas. The Northeast segment assets include the Kenova, Boldman, Cobb, Kermit and the Langley natural gas processing complexes, NGL pipeline and Siloam NGL fractionation facility. The Marcellus segment includes gathering, processing and fractionation infrastructure in the liquids-rich area of the Marcellus Shale The Utica segment provides fractionation services. The company was founded in January 2002 and is headquartered in Denver, CO.

Forbes Energy Services Ltd. Oil & Gas | Alice, TX

Forbes Energy Services Ltd. provides drilling-related and production-related services to oil and natural gas companies. It operates through the Well Servicing and Fluid Logistics segments. The Well Servicing segment provides well maintenance services, including remedial repairs and removal and replacement of downhole production equipment; well workovers, including downhole repairs, re-completions and re-perforations; completion and swabbing activities; plugging and abandoning services; and testing of oil and natural gas production tubing. The Fluid Logistics segment utilizes its fleet of owned and leased fluid transport truck and related assets to provide, transport, store, and dispose of a variety of drilling and produced fluids. The company was founded by John E. Crisp, Janet L. Forbes and Charles C. Forbes, Jr. in September 2003 and is headquartered in Alice, TX.

TETRA Technologies, Inc. Industrial Machinery & Manufacturing | The Woodlands, TX

TETRA Technologies, Inc. is a geographically diversified oil and gas services company, engages in the completion of fluids and associated products and services. It operates through the following segments: Fluids, Production Testing, Compression, and Offshore. The Fluids division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry. The Production Testing division provides frac flowback, production well testing, offshore rig cooling, and other associated services. The Compression division offers compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. The Offshore segment is comprised of two operating segments: Offshore Services and Maritech. The Offshore Services segment provides down hole and subsea services, decommissioning and construction services, and conventional and saturation diving services. The Maritech segment refers to the limited oil and gas production operation. The company was founded on February 6, 1981 and is headquartered in The Woodlands, TX.

Awards & Honors
Rank #223
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #223
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine