Chesapeake Energy (CHK) Reports In-Line Q4 EPS
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Chesapeake Energy Corporation Reports 2016 Full Year And Fourth Quarter Financial And Operational Results
February 23, 2017 7:00 AM ESTOKLAHOMA CITY, Feb. 23, 2017 /PRNewswire/ --Â Chesapeake Energy Corporation (NYSE: CHK) today reported financial and operational results for the 2016 full year and fourth quarter plus other recent developments. Highlights include:
Average 2016 production of 635,400 boe per day, comparable to 2015 levels, adjusted for asset sales Total oil and natural gas proved reserves of approximately 1.7 billion barrels of oil equivalent (bboe), a 14% increase compared to 2015 levels Replaced 249% of production through extensions and discoveries, compared to 93% in 2015 (excluding reserve revisions) Reduced production expenses by approximately... More