The Eagle Ford Shale of Chesapeake Energy Corporation
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The Eagle Ford Shale of Chesapeake Energy Corporation - overview
Established
1989
Location
Oklahoma City, OK, US
Primary Industry
Oil & Gas
About
The Eagle Ford Shale, part of Chesapeake Energy Corporation, is a key player in the energy sector, focusing on the production and delivery of natural gas across various applications, providing reliable energy solutions. The Eagle Ford Shale operates under Chesapeake Energy Corporation, specializing in natural gas production. Founded in 1989 and headquartered in Oklahoma City, US, the company has undergone various strategic initiatives to enhance its operational capabilities. The most recent significant transaction occurred on August 1, 2013, when EXCO Resources, backed by Kohlberg Kravis Roberts and WL Ross & Co, acquired the Eagle Ford Shale assets, although financial terms were not disclosed.
The current leadership includes CEO Nick Dell'Osso, alongside Robert Lawler and William Torres. The Eagle Ford Shale specializes in the production and delivery of natural gas, catering to a diverse clientele that includes utility companies, industrial manufacturers, and residential consumers. The natural gas is used for electricity generation, heating, and as a feedstock for industrial processes, meeting critical energy needs in various regions of the US, including Louisiana, Pennsylvania, West Virginia, and Ohio. Revenue is generated through direct sales of natural gas products, primarily through long-term contracts with utility firms and industrial clients.
The transaction model is largely B2B, with clients purchasing substantial quantities of natural gas for distribution or direct usage in their operations. Revenue is structured around these contracts, which may feature fixed or market-based pricing, depending on prevailing market conditions. Looking ahead, The Eagle Ford Shale aims to advance its product offerings and expand its market reach. Although specific new products are in the pipeline, no details on launch dates have been specified.
The company seeks to penetrate new geographic markets, with efforts focused on expanding its operations in the Southeastern US by late 2024. The strategic acquisition in 2013 has positioned the company to leverage its resources more effectively, and the funding from that deal is expected to support these growth initiatives.
Current Investors
EXCO Resources, Inc.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production, Oil & Gas Equipment and Services
Website
http://www.chk.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
The Eagle Ford Shale of Chesapeake Energy Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | The Eagle Ford Shale of Chesapeake Energy Corporation | - |
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