We continue to believe that Chesapeake has enough strategic options to avoid bankruptcy. Downside risks that could compel the company to file Chapter 11 include sub-US$2.30/mcf Henry Hub and poor execution on the asset-sale initiative. But we believe the company could reach the upper end of its divestiture target without completely losing exposure to any of its core plays, sacrificing pro-forma growth, or over-depleting its cash-flow base.
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Chesapeake Energy corporate report PDF - 440.73 KB 15 Pages, 5 Tables, 20 Figures
Chesapeake Corporate Report.xls XLS - 2.92 MB
The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.
This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.
This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.
Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.
Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.
Pro-forma portfolio: scale remains, but quality continues to lag peers
Operational performance: aiming to improve
Financial health overview
Liquidity: what price scenario could trigger bankruptcy?
Debt management: an aggressive, but balanced, approach
Hedging: more protection is needed in 2017
Resources, reserves and production
Resources and reserves overview
Full price and modelling methodology descriptions are available in the 'Methodology and Assumptions' section of the Wood Mackenzie portal. The key prices and global assumptions used in the making of this report are summarised below.
Low price assumptions
In this report there are 25 tables or charts, including:
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Company report | Oct 2016
Chesapeake Energy corporate report
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