Company report

Chesapeake Energy oil and gas exploration summary

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

Chesapeake is in the midst of a transformation in strategy, from a company focused on acquiring and holding land, to one intent on delivering value with every well. A petroleum systems-based approach to identifying new opportunities on its vast U.S. Lower 48 acreage is now in effect, led by using enormous amounts of in-house well and seismic data. Over the past decade, the company has accumulated large acreage positions, funded through joint ventures, asset sales, debt accumulation and alternative financing. Despite a heavy focus on farm-outs and divestments, Chesapeake retains a large inventory of proved reserves in some of the most prolific resource plays in North America. Full-cycle returns over the decade were 11%, somewhat dampened by Chesapeake's initial focus on gas plays. The switch to liquids-rich plays, the emphasis on unlocking opportunities on existing acreage and the use of new drilling and completion techniques, all point to a future with healthier value creation.

What's included

This report contains

  • Document

    Chesapeake Energy oil and gas exploration summary

    PDF 1.00 MB

  • Document

    Chesapeake Energy oil and gas exploration summary

    ZIP 1.20 MB

  • Document

    Chesapeake Energy.xls

    XLS 527.00 KB

Table of contents

  • Executive summary
    • Upstream strategy
    • Evolution of exploration strategy
  • Investment and costs
  • Reserves and resources
  • Production
    • Casting a wide net to gain first mover advantage in shale gas
    • Value negatively impacted by gas-weighted portfolio
    • Well-timed partnerships and divestments add value

Tables and charts

This report includes 18 images and tables including:


  • Organic unconventional discoveries 2007-2016
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
  • Full cycle value creation by year, including unconventionals
  • Exploration returns by year, including unconventionals
  • Costs and development value by reserve category
  • Exploration returns by water depth


  • Ten year performance summary
  • Key organic unconventional plays (2007 to 2016)
  • Full-cycle economics
  • SWOT grid

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898