Chesapeake

CHKR NYSE
0.9300
-0.0197
-2.07%
Closed 16:00 08/16 EDT
Open
0.9500
Prev Close
0.9497
High
0.9500
Low
0.9177
Volume
117.09K
Avg Vol (3M)
69.31K
52 Week High
1.890
52 Week Low
0.9177
% Turnover
0.25%
Market Cap
43.48M
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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