Nick Dell’Osso, Chesapeake’s President and Chief Executive Officer, said, “2023 marked another year of strong operational performance for Chesapeake as we delivered approximately $840 million to shareholders via our capital return framework despite a challenging commodity price environment.

On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal in some ways parallels ExxonMobil’s recent blockbuster purchase of Pioneer, and creates a US$24 billion company that will be the biggest player in US shale gas.

Chesapeake Energy said this week it recorded the fastest drilling program performance of all-time in its operations in the Marcellus play.

Chesapeake’s talks with Southwestern are preliminary, Reuters reported on Wednesday, referring to anonymous sources who did not wish to be named.

Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. (NYSE:SBOW) for $700 million, bringing the total proceeds from its Eagle Ford exit to more than $3.5 billion.

Chesapeake expects to drill 30 to 40 wells and place 40 to 50 wells on production in the third quarter of 2023. The company’s operating plan remains flexible and is prepared for further adjustments based on market conditions.

Chesapeake Energy total expected capital expenditures of $1.765 – $1.835 billion and produced approximately 4.05 bcfe/d net (90% natural gas)