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New Market Report: Chesapeake Energy Corporation: Drastic measures amid a shale gas boom


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2013-02-02 03:21:11 - Recently published research from MarketLine, "Chesapeake Energy Corporation: Drastic measures amid a shale gas boom", is now available at Fast Market Research

Introduction

One of the largest producers of natural gas in the US, Chesapeake owns almost 46,000 wells. Horizontal drilling and fracking have allowed the US to access 38 years' worth of shale gas. With a debt of $14.3bn, Chesapeake announced an asset disposal program to generate $14bn in cash. Chesapeake is currently facing several court battles which could cost the company hundreds of millions of dollars.

Features and benefits

* MarketLine Case Studies describe topics such as innovative products, business models, and significant company acquisitions.
* Fact-based and presented in an accessible style, they explain the rationale of commercial decisions and illustrate wider market and economic trends.

Highlights

The US has reserves of 862tcf of shale gas, 3.1% of total global recoverable gas resources.

As of October 2012 Chesapeake had raised $11.6bn of its $13bn target for 2012 from asset sales. The company is the subject of a US government anti-trust investigation, relating to the purchase and lease of oil and gas properties in Michigan.


Full Report Details at
- www.fastmr.com/prod/532546_chesapeake_energy_corporation_drastic ..


Your key questions answered

* How is Chesapeake Energy Corporation combating crippling debts and historically low natural gas prices?
* What stands in the way of Chesapeake succeeding in turning the company around?

Report Table of Contents:

OVERVIEW
Catalyst
Summary
CHESAPEAKE ENERGY CORPORATION
An overview
ENERGY COMPANIES ADOPT NEW TECHNOLOGIES
Natural gas prices plummet
CHESAPEAKE IS IN THE MIDST OF A MAJOR ASSET DISPOSAL PROGRAM
Aims to raise up to $14bn
Permian Basin to be sold in portions
$2bn raised in July 2012
Chesapeake to sell portions of its Oklahoma oil fields
Progress so far
CHESAPEAKE ENDS LAND GRABS
Company to cut back on land-leasing and "landmen" employees
CHESAPEAKE'S LEGAL WOES
Chesapeake reneges on its land lease agreements
Chesapeake is mired in an anti-trust investigation
CONCLUSIONS
Chesapeake is making progress but its long-term future remains uncertain
APPENDIX
Sources
Further Reading
Ask the analyst
About MarketLine
Disclaimer

About MarketLine

MarketLine is a global publisher of company, industry and country information. Their clients operate across a wide variety of industries and job functions and range from multinational corporations right down to small businesses in both developed and developing economies. MarketLine users enjoy access to content that is trustworthy, up to date and reasonably priced and routinely turn to them as their first-stop resource for instantly accessible, reliable business information. View more research from MarketLine at www.fastmr.com/catalog/publishers.aspx?pubid=1034

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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