Earnings
Chesapeake Energy Corporation Reports Strong Production For 2017 Fourth Quarter And Provides Update On Recent Divestitures
OKLAHOMA CITY, Feb. 6, 2018 /PRNewswire/ — Chesapeake Energy Corporation (NYSE: CHK) today provided an update to certain operational results for the 2017 fourth quarter as well as recent asset divestiture activity. Highlights include: Average 2017 fourth quarter production projected at 593,000 boe per day, including oil production of 100,000 barrels per day, as previously targeted Three Mid-Continent sales agreements for approximately $500 million Sold approximately 4.3 million shares of FTSI for proceeds of $78 million, retain approximately 22.0 million shares Average daily production for the 2017 fourth quarter is currently projected to be approximately 593,000 barrels of oil equivalent (boe) per day, representing an increase of 15% year over year and 10% sequentially when adjustin...