Chesapeake

CHKR NYSE
1.110
-0.030
-2.63%
Closed 16:00 05/24 EDT
Open
1.150
Prev Close
1.140
High
1.160
Low
1.100
Volume
95.47K
Avg Vol (3M)
66.53K
52 Week High
1.890
52 Week Low
1.000
% Turnover
0.20%
Market Cap
51.89M
1D
5D
1M
3M
1Y
5Y

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Company Profile

Chesapeake Granite Wash Trust (the Trust) is a trust formed to own royalty interests for the benefit of Trust unit holders. The royalty interests held by the Trust (Royalty Interests) are derived from Chesapeake Energy Corporation's (Chesapeake) interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County. Chesapeake conveyed the Royalty Interests to the Trust from its interests in approximately 70 existing horizontal wells (Producing Wells) and Chesapeake's interests in over 120 horizontal development wells (Development Wells) to be drilled on properties within the Area of Mutual Interest (AMI). The AMI lies within Washita County in western Oklahoma and is limited to Colony Granite Wash formation, where Chesapeake holds approximately 40,500 gross acres. Chesapeake has drilled and completed over 90 wells within the AMI. The Colony Granite Wash is located at the eastern end of Des Moines-age granite wash fields.
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