- CEO
- Domenic J. Dell'Osso Jr.
- Full Time Employees
- 1,000
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 6100 North Western Avenue Oklahoma City OK United States of America 73118
- IPO Date
- Feb 11, 2021
- Business
- Chesapeake Energy Corporation (CHKEL) engages in the acquisition, exploration, and development of onshore properties for the production of oil, natural gas, and natural gas liquids in the United States; it holds interests in key unconventional resource plays including the Marcellus Shale in Pennsylvania's northern Appalachian Basin, the Haynesville and Bossier Shales in northwestern Louisiana, and the Marcellus and Utica Shales in Ohio and West Virginia; the company operates approximately 5,000 natural gas wells and focuses on capital-efficient drilling, completion, and production activities to supply affordable, reliable, lower-carbon energy primarily to domestic markets with proximity to LNG export infrastructure. Founded in 1989 and headquartered in Oklahoma City, Oklahoma, Chesapeake Energy produces natural gas as its primary commodity alongside associated oil and natural gas liquids, targeting large-scale operations in premium basins to support energy demands including LNG exports. In a transformative development completed on October 1, 2024, Chesapeake Energy merged with Southwestern Energy Company in an all-stock transaction valued at approximately $7.4 billion, creating Expand Energy Corporation, North America's largest natural gas producer with combined operations across Appalachia and Haynesville, enhanced scale of over 8,000 gross wells, a 15-year drilling inventory, and plans for a marketing and trading presence in Houston; the rebranded entity now trades under the ticker EXE on NASDAQ, reports net production guidance of about 7.15 billion cubic feet equivalent per day for fiscal 2025, and commits to net-zero direct GHG emissions by 2035 while executing strategies like the Momentum project for improved Haynesville-to-Gulf Coast transportation flexibility in Q4 2025.