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Chesapeake Energy (CHK)

Stock (Energy Industry, Independent Oil & Gas Industry)

Chesapeake to be largest natural gas company in U.S. Chesapeake Energy Corp. is poised to become the largest producer of U.S. natural gas, according to its CEO. Speaking at the CHK annual shareholders meeting, Aubrey McClendon said he expects the company's gas production to surpass that of the top two producers, BP PLC and Anadarko Petroleum Corp., within the next two months. Chesapeake Sells Appalachian Reserves for $1.1 Billion Chesapeake sells a volumetric production payment for some Appalachian holdings in early January to Deutsche Bank AG (DB) and UBS AG (UBS) affiliates for $1.1 billion. With the VPP, Chesapeake can continue to develop the area, but must make scheduled deliveries of a set quantity of gas to the purchasers.

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