Chesapeake Energy (CHK) Posts Q4 Loss of 16c/Share
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Chesapeake Energy Corporation Provides 2016 Guidance And Reports 2015 Full Year And Fourth Quarter Financial And Operational Results
February 24, 2016 7:01 AM ESTOKLAHOMA CITY, Feb. 24, 2016 /PRNewswire/ --Â Chesapeake Energy Corporation (NYSE: CHK) today provided financial and operational guidance for 2016 and reported financial and operational results for the 2015 full year and fourth quarter. Highlights include:
Planned 2016 total capital expenditures ranging from $1.3 to $1.8 billion, approximately 57% lower than 2015 levels Projected 2016 production decline of 0% to 5%, adjusted for asset sales $700 million in asset divestitures closed or under signed sales agreements since year-end 2015; $500 million in net proceeds after repurchase of three Volumetric Production Payments Targeting an additional... More