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CHK » Topics » Chesapeake Significantly Increases its Oil and Natural Gas Hedging Positions

This excerpt taken from the CHK 8-K filed Jun 8, 2006.

Chesapeake Significantly Increases its Oil and Natural Gas Hedging Positions

 

In addition to the hedges associated with the Four Sevens/Sinclair acquisition, Chesapeake has also significantly added to its 2007 and 2008 oil and natural gas hedging positions on its existing production over the past month to secure exceptional margins and profitability. The following tables compare Chesapeake’s hedged production volumes (including only swaps and also including the hedges assumed in the CNR acquisition) as of June 5, 2006 to those as of May 1, 2006.

 

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