Publicly traded on the New York Stock Exchange, Chesapeake Energy, Inc. markets its common shares using the ticker symbol CHK. The business is registered as an independent oil and natural gas company. It is listed as one of the components of the Russell 3000 and the S&P 500 Indices. It is in Oklahoma City, Oklahoma that the business holds its corporate office.
The company is recognized as the country’s second largest natural gas producer. Its operations are focused on reserves and unconventional fields onshore in the United States. The history of the company started with the investment made by founders Aubrey McClendon (retired CEO) and Tom L. Ward (President and COO) in 1989. With 10 employees and $50,000 in initial investment, these two entrepreneurs started Chesapeake Energy. Their perseverance paid off and made the company they created into the country’s 12th largest producer of oil and natural gas.
Chesapeake Energy engages in the development, acquisition and exploitation of reserves in high profile assets in top onshore plays. Their world-class technical resources and their highly innovative employees continue to accelerate their operations. Through these dedicated associates, the business also delivers value adding strategies to their shareholders. Chesapeake underscores the value of safety to every associate and contractor, who works for their operations. The company also invests on recent technologies that would help mitigate whatever damage their operations may cause to the environment.
The business is capable of generating more than $2 billion in annual revenue. Their portfolio of assets are located in the Granite Wash, Cleveland, Eagle Ford, Utica, Mississippi Lime, Tonkawa, Niobrara unconventional liquid plays. They also have assets located in the Barnett shale, Marcellus and Haynesville/Bossier natural gas shale plays. Chesapeake operates as the parent business of Chesapeake Oilfield Services, LLC and Chesapeake Energy Marketing, Inc.
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