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CHK » Topics » Investing Transactions

This excerpt taken from the CHK 10-Q filed Aug 8, 2007.

Investing Transactions

Cash used in investing activities increased to $4.003 billion during the Current Period, compared to $3.784 billion during the Prior Period. The following table shows our cash used in (provided by) investing activities during these periods ($ in millions):

 

    

Six Months Ended

June 30,

  
     2007     2006  

Oil and Natural Gas Investing Activities:

     

Acquisitions of oil and natural gas companies and proved properties, net of cash acquired

    $ 327     $ 448  

Acquisition of leasehold and unproved properties

      1,075       1,580  

Exploration and development of oil and natural gas properties

      2,185       1,289  

Geological and geophysical costs

      134       72  

Other oil and natural gas activities

      —         4  
                

Total oil and natural gas investing activities

      3,721       3,393  
                

Other Investing Activities:

     

Additions to buildings and other fixed assets

      414       181  

Additions to drilling rig equipment

      70       244  

Proceeds from sale of drilling rigs and equipment

      (87 )     —    

Additions to investments

      12       38  

Proceeds from sale of investments `

      (124 )     (159 )

Acquisition of trucking company, net of cash acquired

      —         45  

Deposits for acquisitions

      5       43  

Sale of non-oil and natural gas assets

      (8 )     (1 )
                

Total other investing activities

      282       391  
                

Total cash used in investing activities

    $ 4,003     $ 3,784  
                
This excerpt taken from the CHK 10-Q filed May 8, 2007.

Investing Transactions

Cash used in investing activities decreased to $1.869 billion during the Current Quarter, compared to $1.960 billion during the Prior Quarter. The following table shows our cash used in (provided by) investing activities during these periods ($ in millions):

 

    

Three Months Ended

March 31,

  
     2007     2006  

Oil and Natural Gas Investing Activities:

     

Acquisitions of oil and natural gas companies and proved properties, net of cash acquired

    $ 162     $ 412  

Acquisition of unproved properties

      258       546  

Exploration and development of oil and natural gas properties

      1,053       597  

Leasehold acquisitions

      148       173  

Geological and geophysical costs

      50       27  

Other oil and natural gas activities

      (1 )     2  
                

Total oil and natural gas investing activities

      1,670       1,757  
                

Other Investing Activities:

     

Additions to buildings and other fixed assets

      177       95  

Additions to drilling rig equipment

      35       193  

Proceeds from sale of drilling rigs and equipment

      (30 )     —    

Additions to investments

      17       29  

Proceeds from sale of investment in Pioneer Drilling Company `

      —         (159 )

Acquisition of trucking company, net of cash acquired

      —         45  

Deposits for acquisitions

      (7 )     —    

Sale of non-oil and natural gas assets

      7       —    
                

Total other investing activities

      199       203  
                

Total cash used in investing activities

    $ 1,869     $ 1,960  
                

EXCERPTS ON THIS PAGE:

10-Q
Aug 8, 2007
10-Q
May 8, 2007

RELATED TOPICS for CHK:

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