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 TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedThe Eagle Ford Shale of Chesapeake Energy Corporation-

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