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
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.
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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:
CHESAPEAKE ENERGY CORPORATION
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
Chesapeake is making progress but its long-term future remains uncertain
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