Chesapeake Energy Corporation is an American exploration and production company, headquartered in Oklahoma City. In 2021, the company produced 463 thousand barrels of oil equivalent (2,830,000 GJ) per day, of which 69% was natural gas, 24% was petroleum, and 7% was natural gas liquids. As of December 31, 2021, the company had 1,596 million barrels of oil equivalent (9.76×109 GJ) of estimated proved reserves, of which 69% was natural gas, 23% was petroleum, and 8% was natural gas liquids. The company was founded in 1989 by Aubrey McClendon and Tom L. Ward with an initial investment of $50,000. McClendon named the company after Chesapeake Bay due to his love of the region. Ward left the company in 2006 to establish SandRidge Energy. More information...
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