Press release
CHESAPEAKE ENERGY CORPORATION COMPLETES ACQUISITION OF CHIEF E&D HOLDINGS, LP AND AFFILIATES OF TUG HILL, INC.
OKLAHOMA CITY, March 9, 2022 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK) today announced it has completed its previously announced acquisition
About this update from Expand Energy Corporation
[{"type":"text","content":"OKLAHOMA CITY, March 9, 2022 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK) today announced it has completed its previously announced acquisition of Chief E&D Holdings, LP (\"Chief\") and associated non-operated interests held by affiliates of Tug Hill, Inc. (\"Tug Hill\"). \n\n \n \n \n \n \n \n\n \nNick Dell'Osso, Chesapeake's President and Chief Executive Officer, commented, \"The Chief transaction deepens our premium inventory, allowing us to allocate additional capital toward our world class Marcellus Shale position and accelerate returns for our shareholders. With the integration of these assets into our existing portfolio, we look forward to generating greater free cash flow, growing our dividend programs, and improving our GHG emissions metrics as we continue to responsibly deliver reliable, affordable, lower carbon energy in 2022 and beyond.\" \nHeadquartered in Oklahoma City, Chesapeake Energy Corporation's (NASDAQ:CHK) operations are focused on discovering and responsibly developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. \nForward-Looking Statements \nThis news release and the accompanying outlook include \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than statements of historical fact. They include statements that give our current expectations, management's outlook guidance or forecasts of future events, expected natural gas and oil growth trajectory, projected cash flow and liquidity, our ability to enhance our cash flow and financial flexibility, dividend plans, future production and commodity mix, plans and objectives for future operations, ESG initiatives, the ability of our employees, portfolio strength and operational leadership to create long-term value, and the assumptions on which such statements are based. Although we believe the expectations and forecasts reflected in the forward-looking statements are reasonable, we can give no assurance they will prove to have been correct. They can be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties.\nFactors that could cause actual results to differ materially from expected resu...