In the last few quarters CHK has taken a number of steps to reduce the complexity of its corporate and capital structure. Some of these actions combine with strong oil output have eased near-term liquidity concerns.
OKLAHOMA CITY, Aug 21, 2014 (BUSINESS WIRE) -- Chesapeake Energy Corporation CHK, +2.77% today announced that Brad Sylvester will join Chesapeake as Vice President - Investor Relations and Communications.
Chesapeake Energy announced its second-quarter results on Aug. 6. The Oklahoma-based independent oil and gas producer reported a profit of just $191 million, or $0.22 per share, which was 67% below last year's second quarter.
Chesapeake Energy Corp., operator of the largest acreage position in the Utica shale, has this year set an ambitious development program that calls for doubling production from the play to more than 100,000 boe/d.