Chesapeake Energy Corporation
name
Chesapeake Energy Corporation
id
CHK
summary
Chesapeake Energy Corporation is an American exploration and production company, headquartered in Oklahoma City. Founded in 1989 by Aubrey McClendon and Tom L. Ward, it focuses on drilling horizontal natural gas wells in unconventional reservoirs. As of 2021, it produced 463 thousand barrels of oil equivalent per day, with 69% being natural gas. The company has faced various legal and financial challenges, including antitrust allegations and bankruptcy in 2020, from which it emerged in 2021. Chesapeake Energy has also been involved in significant acquisitions and sales of assets over the years.