Chesapeake Energy was founded in 1989 by Aubrey K. McClendon and Tom L. Ward. The company initially focused on drilling horizontal natural gas wells.
In 1993, the company went public. In 1995, the moved from the NASDAQ to the NYSE.
The company grew rapidly from 2003 to 2007 due to rising natural gas prices.
In 2006, the company was added to the S&P 500.
In 2008, the company discovered the Haynesville Shale in East Texas.
In 2011, the company purchased naming rights to the Oklahoma City Thunder arena, now called Chesapeake Energy arena.
In 2012, Archie Dunham replaced Aubrey McClendon as Chairman.
In 2013, McClendon retired from the company after his borrowing practices were called under question.
Today, Chesapeake is the second largest natural gas producer in the United States.
Chesapeake EnergyChesapeake Energy was founded in 1989 by Aubrey K. McClendon and Tom L. Ward. The company initially focused on drilling horizontal natural gas wells.
In 1993, the company went public. In 1995, the moved from the NASDAQ to the NYSE.
The company grew rapidly from 2003 to 2007 due to rising natural gas prices.
History
In 2006, the company was added to the S&P 500.
In 2008, the company discovered the Haynesville Shale in East Texas.
In 2011, the company purchased naming rights to the Oklahoma City Thunder arena, now called Chesapeake Energy arena.
In 2012, Archie Dunham replaced Aubrey McClendon as Chairman.
In 2013, McClendon retired from the company after his borrowing practices were called under question.
Today, Chesapeake is the second largest natural gas producer in the United States.
