Chesapeake Energy is a holding company. Through its subsidiaries, Co. is an independent exploration and production company engaged in the acquisition, exploration and development of properties to produce oil, natural gas and natural gas liquids from underground reservoirs. Co. owns a portfolio of onshore U.S. unconventional natural gas and liquids assets, including interests in several oil and natural gas wells. Co.'s portfolio is focused on three operating areas including the natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana and in the Eagle Ford Shale in South Texas.

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