|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||46.10 - 47.63|
|52 Week Range||40.00 - 48.79|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||59.25|
It was a big week for oil markets as demand optimism sent oil prices beyond $65 and oil majors reported promising earnings, but prices pulled back on Friday morning as covid concerns in India grew
(Bloomberg) -- Chesapeake Energy Corp., the once mighty shale explorer that exited bankruptcy earlier this year, is seeking to sell oil-producing assets in South Texas for as much as $2 billion, according people familiar with the plan.The Oklahoma City-based producer is working with a pair of advisers to offer the assets in the Eagle Ford shale, said the people, asking not to be named because the discussions are private.Once known for its aggressive growth through acquisitions during the shale boom, Chesapeake joined other producers in filing for bankruptcy protection last year after the pandemic devastated demand for energy. When the company exited restructuring in February, CEO Doug Lawler declared it was “a new era for shale.”The potential sale comes at a time when the company has announced Lawler is departing on April 30, after eight years with the company.Reuters reported the plan for the Eagle Ford shale assets earlier. Chesapeake declined to comment.In 2018, Lawler oversaw a deal to buy 420,000 acres of leases from Houston-based Wildhorse Resources in the eastern end of the Eagle Ford, known as the Brazos Valley.The shale driller also owns and operates 220,000 acres of oil and natural gas leases in the western end of the Eagle Ford.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it will release its 2021 first quarter operational and financial results after market close on Tuesday, May 11, 2021. A conference call to discuss the results has been scheduled on Wednesday, May 12, 2021 at 9:00 am EDT. The telephone number to access the conference call is 888-317-6003 or 412-317-6061 for international callers. The passcode for the call is 2667856.