Chesapeake Energy Corporation Named Forbes' Best Managed Oil and Gas Company.OKLAHOMA CITY Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm -- Chesapeake Energy Chesapeake Energy (NYSE: CHK) is a producer of natural gas in the United States and according to their 3Q 2007 report, is the largest independent producer, third overall (including majors) and the most active driller of new wells in the US. Corporation (NYSE NYSE See: New York Stock Exchange :CHK CHK Check CHK CHKDSK (File Name Extension) CHK Chuuk, Caroline Islands, Micronesia (airport code) CHK Check File ) has been named to Forbes' Platinum 400 list of America's Best Big Companies and was further identified as the best managed company in the Oil & Gas Operations category in the magazine's January 8, 2007 issue. Chesapeake ranked 34th on the Platinum 400 list based on its 40% five-year total return as computed by Forbes. In addition, Forbes complimented the company's leadership for "their knack for snapping up promising acreage." The Platinum 400 list was compiled from over 1,000 corporations having at least $1 billion in revenue in the most recent fiscal year and included both American and foreign corporations that have a significant presence in the U.S. Companies were then assigned to 26 industries and ranked against their peers not only for financial performance but also for leadership, innovation and execution. The ranking system also included consensus forecasts for long-term earnings growth and debt to capital ratios. Using these individual rankings, Forbes gave each company a composite score and an overall rank within its industry. Aubrey K. McClendon, Chesapeake's Chief Executive Officer, commented: "We are honored to be recognized for the strength of our financial performance over the last five years in addition to our accomplishments in building one of the nation's largest and most profitable exploration and production companies. We look forward to successfully executing the company's distinctive business strategy and continuing to deliver significant value to the company's investors for years to come." Chesapeake Energy Corporation is the third largest independent producer of natural gas in the U.S. Headquartered in Oklahoma City, the company's operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Mid-Continent, Barnett Shale The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square , Fayetteville Shale, Permian Basin The Permian Basin is a sedimentary basin largely contained in the western part of the U.S. state of Texas. It reaches from just south of Lubbock, Texas, to just south of Midland & Odessa, extending westward into the southeastern part of the adjacent state of New Mexico. , Delaware Basin The Delaware Basin in West Texas and southern New Mexico is famous for holding large oil fields and for exposing a fossilized reef. Guadalupe Mountains National Park and Carlsbad Caverns National Park protect part of the basin. , South Texas, Texas Gulf Coast, Ark-La-Tex and Appalachian Basin regions of the United States. The company's Internet address is www.chkenergy.com. |
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