Press Releases
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Oct 22, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Oct. 22, 2012-- Chesapeake Energy Corporation (NYSE:CHK) announced today it has completed the sale of its previously announced asset packages in the Permian Basin....
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Oct 9, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Oct. 9, 2012-- Chesapeake Energy Corporation (NYSE:CHK) has scheduled its 2012 third quarter operational update and financial results to be released after the close...
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Sep 24, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Sep. 24, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will...
Sep 21, 2012OKLAHOMA CITY--(BUSINESS WIRE)--Sep. 21, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced the appointment of James R. Webb as Senior Vice President – Legal and General Counsel....
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Sep 12, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Sep. 12, 2012-- Chesapeake Energy Corporation (NYSE:CHK) announced today it has entered into multiple agreements to sell the vast majority of its Permian...
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Aug 6, 2012Company Reports 2012 Second Quarter Net Income to Common Stockholders of $929 Million, or $1.29 per Fully Diluted Common Share, on Revenue of $3.4 Billion; Company Reports Adjusted Net Income Available to Common Stockholders of $3 Million, or $0.06 per Fully Diluted Common Share, Adjusted Ebitda of $803 Million and Operating Cash Flow of $895 Million 2012 Second Quarter Average Daily Total Production of 3.808 Bcfe per Day Increases 25% Year over Year and 4% Sequentially; 2012 Second Quarter Daily Liquids Production Increases 65% Year over Year and 15% Sequentially to 130,200 Bbls per Day, or 21% of Total Production 2013 Liquids Production Projected to Increase 32% and 2013 Natural Gas Production to Decrease 7% Company Anticipates Entering into Sales of Approximately $7.0 Billion in the 2012 Third Quarter, Bringing Expected 2012 Sales through the Third Quarter to Approximately $11.7 Billion Strong 2012 First Half Proved Reserve Additions of 4.2 Tcfe Exceeded by Price-Related Downward Revisions of 4.6 Tcfe Largely Attributable to Removing Barnett and Haynesville PUDs; Total Proved Reserves Decrease 7% Year to Date to 17.4 Tcfe, or 2.9 Bboe
OKLAHOMA CITY, OKLAHOMA, AUGUST 6, 2012 – Chesapeake Energy Corporation (NYSE:CHK) today announced financial and operational results for the 2012 second quarter. For the 2012 second quarter,...
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Jul 10, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Jul. 10, 2012-- Chesapeake Energy Corporation (NYSE:CHK) has scheduled its 2012 second quarter operational update and financial results to be released after the...
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Jul 2, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Jul. 2, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced that Global Infrastructure Partners (GIP) has closed the previously announced acquisition of...
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Jul 2, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Jul. 2, 2012-- Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced that Global Infrastructure Partners (GIP) has closed the previously announced...
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Jun 21, 2012Archie W. Dunham, Former Chairman of ConocoPhillips, Named Independent Non-Executive Chairman Four Other New Independent Directors Also Join Board: Bob G. Alexander, R. Brad Martin, Frederic M. Poses and Vincent J. Intrieri
OKLAHOMA CITY--(BUSINESS WIRE)--Jun. 21, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced the appointment of five new independent directors to its reconstituted nine-member Board of...
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Jun 12, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Jun. 12, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will...
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Jun 8, 2012Company to Sell All of Its Limited Partner Units and General Partner Interest in Chesapeake Midstream Partners, L.P. to Global Infrastructure Partners for Cash Proceeds of $2.0 Billion Company Also Enters into Letter Agreements to Sell Chesapeake Midstream Development, L.P. to Global Infrastructure Partners and Certain Mid-Continent Midstream Assets to Chesapeake Midstream Partners, L.P. for Expected Total Cash Proceeds of More than $2.0 Billion Divestitures Allow Company to Reduce Previously Budgeted Capital Expenditures by Approximately $3.0 Billion over the Next Three Years
OKLAHOMA CITY--(BUSINESS WIRE)--Jun. 8, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced plans to sell its midstream assets in three separate transactions for total expected cash...
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Jun 8, 2012Partnership Extends Financial Outlook Through 2013
OKLAHOMA CITY--(BUSINESS WIRE)--Jun. 8, 2012-- Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced that Global Infrastructure Partners has agreed to acquire all of Chesapeake Energy...
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Jun 8, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Jun. 8, 2012-- Chesapeake Energy Corporation (NYSE:CHK) announced preliminary voting results from its Annual Meeting of Shareholders held today at the company’s...
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Jun 4, 2012Company to Add Four New Independent Directors; Four Existing Directors to Resign, a Fifth to Retire; Selection of New Independent Non-Executive Chairman Nearing Completion; Aubrey K. McClendon to Remain Chief Executive Officer and a Director Majority Voting Standard Would Be Applied to Results of 2012 Annual Meeting; Board to Support Annual Election of All Directors
OKLAHOMA CITY--(BUSINESS WIRE)--Jun. 4, 2012-- Chesapeake Energy Corporation (NYSE: CHK) today announced that following extensive discussions with its two largest shareholders, Southeastern Asset...
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Jun 1, 2012Exploratory Hogshooter Well Has Produced an Average of Approximately 7,350 Boe per Day During Its First Eight Days of Stabilized Production Company Believes It Will Drill Approximately 65 Additional Wells in the Play During the Next Few Years
OKLAHOMA CITY--(BUSINESS WIRE)--Jun. 1, 2012-- Chesapeake Energy Corporation (NYSE: CHK) today announced a significant new discovery in the Hogshooter play in the Anadarko Basin of the Texas...
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May 25, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--May. 25, 2012-- Chesapeake Energy Corporation (NYSE: CHK) today issued the following statement regarding the Schedule 13D filed late today by affiliates of Carl...
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May 23, 2012Board of Directors Outlines Numerous Actions Taken to Enhance Corporate Governance
OKLAHOMA CITY--(BUSINESS WIRE)--May. 23, 2012-- The Board of Directors of Chesapeake Energy Corporation (NYSE:CHK) today released a letter to shareholders addressing certain issues recently raised...
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May 18, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--May. 18, 2012-- The Board of Directors of Chesapeake Energy Corporation (NYSE:CHK) today announced that it has adopted a new compensation arrangement for outside...
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May 15, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--May. 15, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced it has increased the size of a previously announced unsecured term loan from Goldman Sachs...
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May 14, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--May. 14, 2012-- Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced it will webcast its 2012 Institutional Investor and Analyst Meeting. The meeting...
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May 11, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--May. 11, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced it has entered into a $3.0 billion unsecured loan from Goldman Sachs Bank USA and...
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May 3, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--May. 3, 2012-- Chesapeake Energy Corporation (NYSE: CHK) today confirmed that the company and its Chairman and CEO, Aubrey K. McClendon, have been notified by the...
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May 1, 2012Board to Name Independent, Non-Executive Chairman
OKLAHOMA CITY--(BUSINESS WIRE)--May. 1, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has renegotiated the terms of the company's Founder Well...
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May 1, 2012Company Reports 2012 First Quarter Net Loss to Common Stockholders of $71 Million, or $0.11 per Fully Diluted Common Share, on Revenue of $2.4 Billion; Company Reports Adjusted Net Income Available to Common Stockholders of $94 Million, or $0.18 per Fully Diluted Common Share, Adjusted Ebitda of $838 Million and Operating Cash Flow of $910 Million 2012 First Quarter Average Daily Total Production of 3.658 Bcfe per Day Increases 18% Year over Year and 2% Sequentially, Despite Voluntary Net Natural Gas Curtailments of 30 Bcf (54 Bcf Gross) during February and March; 2012 First Quarter Daily Liquids Production Increases 69% Year over Year and 7% Sequentially to 113,600 Bbls per Day; Liquids Production Reaches 19% of Total Production and 61% of Unhedged Natural Gas and Liquids Revenue Company Adds New Net Proved Reserves of Approximately 1.8 Tcfe, or 300 Mmboe, through the Drillbit in the 2012 First Quarter at a Drilling and Completion Cost of Only $1.19 per Mcfe, or $7.14 per Boe Company Has Completed $2.6 Billion of Asset Monetizations Year to Date and Is on Track to Complete an Expected $11.5-14.0 Billion of Total Asset Monetizations in 2012; Proceeds Expected to Fully Fund 2012 Capital Expenditure Budget and Reduce Long-Term Debt to the 25/25 Plan Goal of $9.5 Billion by Year-End 2012 Company Plans to Significantly Reduce Capital Expenditures for Drilling, Completion and Leasehold from First Quarter 2012 Levels during Remainder of 2012 and in 2013
OKLAHOMA CITY, OKLAHOMA, MAY 1, 2012 – Chesapeake Energy Corporation (NYSE:CHK) today announced financial and operational results for the 2012 first quarter. For the 2012 first quarter,...
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Apr 27, 2012
OKLAHOMA CITY, Apr 27, 2012 (BUSINESS WIRE) --Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced that the Board of Directors of its general partner declared a cash distribution of...
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Apr 26, 2012CEO Agrees to Separately Provide Enhanced FWPP Disclosure Board to Review FWPP Financing Arrangements
OKLAHOMA CITY, Apr 26, 2012 (BUSINESS WIRE) --Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has determined that it does not intend to extend the company's...
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Apr 18, 2012
OKLAHOMA CITY, Apr 18, 2012 (BUSINESS WIRE) --Chesapeake Energy Corporation (NYSE:CHK) General Counsel Henry J. Hood issued the following statement in response to recently published media reports:...
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Apr 16, 2012
OKLAHOMA CITY, Apr 16, 2012 (BUSINESS WIRE) --Chesapeake Energy Corporation (NYSE:CHK) announced today that its wholly owned service industry affiliate Chesapeake Oilfield Services, Inc. has filed...
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Apr 9, 2012Company Sells Preferred Shares in its Cleveland and Tonkawa Plays, Completes Tenth VPP and Agrees to Sell Texoma Woodford Assets to Exxon Mobil Corporation Subsidiary XTO Energy Inc.
OKLAHOMA CITY--(BUSINESS WIRE)--Apr. 9, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced three oil and gas asset monetization transactions for total proceeds of approximately $2.6...
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Apr 3, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Apr. 3, 2012-- Chesapeake Energy Corporation (NYSE:CHK) has scheduled its 2012 first quarter operational update and financial results to be released after the close...
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Apr 3, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Apr. 3, 2012-- Chesapeake Midstream Partners, L.P. (NYSE:CHKM) has scheduled its 2012 first quarter financial results to be released after the close of trading on...
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Mar 13, 2012
OKLAHOMA CITY & HOUSTON--(BUSINESS WIRE)--Mar. 13, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced the execution of definitive agreements to build the largest integrated midstream...
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Mar 7, 2012Initiative Targets Natural Gas Fueling Infrastructure Development Agreement Designed to Develop Products and Services for Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) Transportation and Home Fueling Solutions Chesapeake to Deploy More than 250 of GE’s ecomagination™-Qualified “CNG In A Box™” Fueling Systems across the United States through 2015 through its Affiliate, Peake Fuel Solutions
HOUSTON--(BUSINESS WIRE)-- GE (NYSE: GE - News) and Chesapeake Energy Corporation (NYSE: CHK - News) today announced a collaboration to develop infrastructure solutions that will help accelerate...
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Mar 6, 2012
HOUSTON--(BUSINESS WIRE)--Mar. 6, 2012-- Kohlberg Kravis Roberts & Co L.P. (together with its affiliates, “KKR”) and Chesapeake Energy Corporation (“Chesapeake”) (NYSE:CHK) today announced...
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Mar 5, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Mar. 5, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be...
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Feb 28, 2012Partnership Reports 2011 Fourth Quarter Net Income of $66 Million, Adjusted Ebitda of $110 Million and Adjusted Distributable Cash Flow of $79 Million 2011 Full Year Net Income Was $194 Million, Adjusted Ebitda Was $349 Million and Distributable Cash Flow Was $262 Million Partnership Affirms 2012 Ebitda Outlook and Capital Program
OKLAHOMA CITY--(BUSINESS WIRE)--Feb. 28, 2012-- Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced financial results for the 2011 fourth quarter and full year. The Partnership’s...
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Feb 21, 2012
TULSA, Okla.--(BUSINESS WIRE)--Feb. 21, 2012-- SemGroup® Corporation (NYSE:SEMG), Gavilon Midstream Energy, LLC, a subsidiary of The Gavilon Group, LLC; and an affiliate of Chesapeake Energy...
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Feb 21, 2012Partnership signals growing strength of natural gas transportation fuel market
ST. PAUL, Minn. & OKLAHOMA CITY--(BUSINESS WIRE)--Feb. 21, 2012-- 3M (NYSE:MMM) and Chesapeake Energy Corporation (NYSE:CHK) today announced an agreement to collaborate in designing, manufacturing...
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Feb 21, 2012Company Reports 2011 Fourth Quarter Net Income to Common Stockholders of $429 Million, or $0.63 per Fully Diluted Common Share, on Revenue of $2.7 Billion; Company Reports Adjusted Net Income Available to Common Stockholders of $394 Million, or $0.58 per Fully Diluted Common Share, and Adjusted Ebitda and Operating Cash Flow of $1.3 Billion Company Reports 2011 Full Year Net Income to Common Stockholders of $1.6 Billion, or $2.32 per Fully Diluted Common Share, on Revenue of $11.6 Billion; Company Reports Adjusted Net Income Available to Common Stockholders of $1.9 Billion, or $2.80 per Fully Diluted Common Share, Adjusted Ebitda of $5.4 Billion and Operating Cash Flow of $5.3 Billion 2011 Full Year Production Totals 1.194 Tcfe for an Average of 3.272 Bcfe per Day, an Increase of 15% Year over Year; 2011 Full Year Liquids Production Increases 72%, or Approximately 36,000 Barrels per Day, to Average Approximately 87,000 Barrels per Day 2011 Year-End Proved Reserves Reach 18.8 Tcfe; Company Adds Proved Reserves of 5.6 Tcfe through the Drillbit at a Drilling and Completion Cost on Proved Properties of $1.08 per Mcfe Chesapeake’s Current Natural Gas Curtailments Reach Approximately 1.0 Bcf per Day of Gross Operated Production
OKLAHOMA CITY, OKLAHOMA, FEBRUARY 21, 2012 – Chesapeake Energy Corporation (NYSE:CHK) today announced financial and operational results for the 2011 fourth quarter and full year. For the 2011...
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Feb 14, 2012Chesapeake Energy Corporation Announces Pricing of Offering Of $1.3 Billion of Senior Notes Due 2019
OKLAHOMA CITY--(BUSINESS WIRE)--Feb. 13, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today announced that it has priced its previously announced public offering of $1.3 billion principal...
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Feb 13, 2012Company Targets $10-12 Billion in Asset Monetizations During the Year
OKLAHOMA CITY--(BUSINESS WIRE)--Feb. 13, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today provided details on its financial plan to fully fund the company’s anticipated capital expenditures...
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Feb 2, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Feb. 2, 2012-- Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced the pricing of an underwritten public offering of 9,250,000 common units representing...
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Feb 1, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Feb. 1, 2012-- Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced the commencement of an underwritten public offering of 9,250,000 common units...
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Jan 26, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Jan. 26, 2012-- Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced that the Board of Directors of its general partner declared a cash distribution of...
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Jan 23, 2012Chesapeake Plans to Reduce its Operated Dry Gas Drilling Rig Count to 24 Rigs, a Decline of Approximately 50 Dry Gas Rigs from its 2011 Average Operated Dry Gas Rig Count Chesapeake Plans to Curtail its Gross Operated Gas Production by up to 1.0 Bcf per Day and Plans to Defer New Dry Gas Well Completions and Pipeline Connections Wherever Possible Chesapeake to Redirect Capital Savings from Curtailing Dry Gas Activity to its Liquids-Rich Plays that Deliver Superior Returns Chesapeake’s Undeveloped Net Leasehold Expenditures in 2012 Projected to be Approximately $1.4 Billion, Down from Net Leasehold Expenditures of $3.4 Billion and $5.8 Billion in 2011 and 2010, Respectively
OKLAHOMA CITY--(BUSINESS WIRE)--Jan. 23, 2012-- Chesapeake Energy Corporation (NYSE:CHK) today provided an update on additional steps it is taking to continue creating shareholder value in...
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Jan 19, 2012Company Moves Up 14 Spots to Rank #18
OKLAHOMA CITY, Jan 19, 2012 (BUSINESS WIRE) --For the fifth consecutive year FORTUNE Magazine named Chesapeake Energy Corporation (NYSE:CHK) to its list of "100 Best Companies to Work For(R)."...
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Jan 19, 2012Company Moves Up 14 Spots to Rank #18
OKLAHOMA CITY, Jan 19, 2012 (BUSINESS WIRE) --Eighth graph, first sentence of release should read: In 2011, Chesapeake hired approximately 4,800 employees. (sted In 2011, Chesapeake hired...
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Jan 12, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Jan. 12, 2012-- Chesapeake Midstream Partners, L.P. (NYSE:CHKM) has scheduled its 2011 fourth quarter financial results to be released after the close of trading on...
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Jan 9, 2012
OKLAHOMA CITY--(BUSINESS WIRE)--Jan. 9, 2012-- Chesapeake Energy Corporation (NYSE:CHK) has scheduled its 2011 fourth quarter and full year operational update and financial results to be released...