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Chief Oil & Gas

Company Summary

Website

http://www.chiefog.com/

Firm Transport Commitments

Project: Atlantic Sunrise Pipeline
Firm Commitment: 420,000 Dth/d

Recent news

  • 5/5/2022 - Chesapeake Intends to... (subscriber access)
  • 5/5/2022 - Chesapeake Reports 1Q22... (subscriber access)
  • 3/10/2022 - Chesapeake Energy... (subscriber access)
  • 2/24/2022 - Chesapeake Running 4-5... (subscriber access)
  • 1/26/2022 - Chesapeake Energy... (subscriber access)

Company Transactions

Date: 6/30/2022
Type: Acquisition

BUYERS:
  • Chesapeake Energy Corporation
    • SELLERS:
  • Chief Oil & Gas
  • Tug Hill
    • DETAILS:

    COST: 2.6 $B

    VOLUMES: 835 Mmcf/d

    ACRES: 113000 Acres

    NOTES:
    Chesapeake has officially announced the acquisition of Chief E&D Holdings, LP and associated non-operated interests held by Tug Hill, for $2 billion in cash and 9.44 million common shares. The cash portion of the deal is being financed with CHK's cash on hand and the revolving credit facility.
    REGIONS:
  • Marcellus Shale

    • Date: 1/17/2017
    Type: Acquisition

    BUYERS:
  • Kalnin Ventures LLC
  • Banpu PLC
    • SELLERS:
  • Chief Oil & Gas
    • DETAILS:

    COST: 63 $MM

    NOTES:
    Valued at $63 million, the transaction was executed with Chief Exploration and Development LLC as the seller and is comprised of interests in more than 170 wells, operated by seven established Marcellus operators.
    REGIONS:
  • Marcellus Shale