Chesapeake Energy (CHK) Reports In-Line Q1 EPS

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Chesapeake Energy Corporation Reports 2019 First Quarter Financial And Operational Results

May 8, 2019 7:02 AM EDT

OKLAHOMA CITY, May 8, 2019 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE: CHK) today reported financial and operational results for the 2019 first quarter. Highlights include:

Early Brazos Valley (BVL) Success: Eliminated approximately $500,000 in costs per well since February 1, 2019, with additional savings forecasted by year-end, driven by faster drilling and more fracture stimulation stages completed per day; have achieved savings of over $1 million per well on certain individual wells; early production from first proprietary wells above expectations. On Track to Deliver Transformational Oil Growth in 2019: Driven by... More