What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to disclose a transaction involving Chesapeake Energy Corporation in the Barnett Shale with Paloma Barnett, LLC, and to announce a significant increase in the company's gross Barnett Shale production.

What is the significance of the Barnett Shale transaction?

The transaction with Paloma Barnett, LLC, indicates Chesapeake Energy's continued strategic focus and expansion efforts within the Barnett Shale, a key natural gas producing region. Such transactions are crucial for growth and asset portfolio management.

What does the production figure of 600 mmcfe per day represent?

The 600 mmcfe per day figure represents Chesapeake Energy's gross daily production from the Barnett Shale. This is a significant operational achievement, demonstrating the company's successful development and extraction capabilities in the region.

Where can I find more details about the transaction?

More details about the transaction and the production announcement can be found in the press release dated January 9, 2008, which is attached as Exhibit 99.1 to this 8-K filing.

EXPAND ENERGY Corp 8-K: Regulation FD

Summary

Chesapeake Energy Corporation (CHK) filed an 8-K report on January 15, 2008, disclosing a significant transaction within the Barnett Shale. On January 9, 2008, the company issued a press release announcing an agreement with Paloma Barnett, LLC. This transaction is a key development for Chesapeake's operations and strategic positioning in a major natural gas producing region. Furthermore, the press release highlighted a substantial increase in Chesapeake's gross Barnett Shale production, which has reached 600 million cubic feet equivalent (mmcfe) per day. This production milestone underscores the company's operational success and its growing contribution to the energy supply from the Barnett Shale. Investors should consider this filing as an indicator of Chesapeake's ongoing expansion and production growth in a crucial North American natural gas play.

Key Highlights

1Chesapeake Energy Corporation announced a transaction in the Barnett Shale with Paloma Barnett, LLC, on January 9, 2008.
2The transaction signifies continued strategic activity and investment in the Barnett Shale region.
3Chesapeake's gross Barnett Shale production has reached a new milestone of 600 mmcfe per day.
4This production level indicates significant operational success and resource development.
5The filing includes a press release dated January 9, 2008, as an exhibit.
6The report is filed on January 15, 2008, with the earliest event reported on January 9, 2008.

EXPAND ENERGY Corp 8-K Report, Regulation FD Disclosure (Jan 15, 2008)

Summary

Key Highlights

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