Chesapeake Energy Corporation

Chesapeake Energy Corporation

Chesapeake Energy Corporation

Overview
Date Founded

1996

Headquarters

6100 NORTH WESTERN AVENUE, OKLAHOMA CITY, OK, 73118

Type of Company

Public

Employees (Worldwide)

2,350

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.

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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

Future President at Service Corp. International (Effective 04/2019)

Former Executive Chairman at NOV Wilson LP

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

Former Senior Vice President-Supply Chain at PepsiCo, Inc.

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

Vice President at Chesapeake Energy Corporation

Former Director, President & Chief Executive Officer at Chesapeake Energy Corporation

Partner at Natural Gas Partners LLC

Vice President-Operations & Service Support at FedEx Corporation

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Chesapeake Energy Corporation
Owners & Shareholders
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Harris uses a value investment philosophy in selecting equity and equity-like securities of U.S. and non-U.S. issuers. The firm's investment philosophy spans across large, mid and small cap companies. In addition, Harris may hedge a client's exposure to direct or indirect foreign currencies. In constructing portfolios for their clients, the firm seeks out companies that they believe are trading in the market at significant discounts to their underlying value. Harris believes purchasing businesses at a discount to intrinsic value minimizes risk while providing substantial profit potential. The firm uses a bottom-up approach focused on individual companies, rather than focusing on specific economic factors or industries. Harris generates their research ideas from a variety of internal and external sources. The firm's research process seeks to identify companies selling at a discount to its estimate of intrinsic value.

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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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Chesapeake Energy Corporation purchases WildHorse Resource Development Corp.

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Rock Hill Capital Group, LLC, Park Energy Services LLC purchase Midcon Compression LLC from Chesapeake Energy Corporation

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

Transaction Clients

Advised on Bayard Drilling Technologies, Inc. issued USD Common Stock

Insider Transactions
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Transaction Advisors
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

Underwriter

Advised onChesapeake Energy Corporation issued Common Stock

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

Managing Partner at Jenner & Block LLP

Legal Advisor

Partner at Cravath, Swaine & Moore LLP

Advisor

Managing Director at Houlihan Lokey Howard & Zukin, Inc.

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.

Methanex is a truly global enterprise with an international management team that has guided its growth since Methanex was incorporated in 1992. Through acquisitions, mergers and construction of production facilities around the world, the company has grown to become the global leader in methanol. Every day, approximately 1000 employees around the world work together in a global team environment to achieve the company’s business objectives. Methanex’s core values of integrity, trust, respect and professionalism have made us the preferred methanol supplier for our customers. Our product - methanol - can be found in everything from windshield washer fluid to recyclable plastic bottles, plywood floors to the paint on your walls, silicone sealants to synthetic fibres. The fastest growing markets for methanol are in the energy sector which today represents approximately one-third of global methanol demand. There has been strong demand growth for methanol for direct blending into transportation fuels and for the production of dimethyl ether (DME) and biodiesel. Methanol is also used to produce methyl tertiary butyl ether (MTBE), a gasoline component

Key Stats and Financials As of 2018
Market Capitalization
$2.7B
Total Enterprise Value
$11.4B
Earnings Per Share
$0.85
Revenue
$10.3B
EBITDAMargin
26.85%
Enterprise Value Sales
1.11x
Enterprise Value EBITDAOperating
4.14x
TEVNet Income
13.17x
Debt TEV
0.68x
Total Equity
$467M
EBITDA
$2.76B
Total Debt
$7.72B
Net Profit
$867M
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
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