The acreage is complementary to CHK’s position in the Marcellus, and the deal is expected to be immediately accretive on virtually every metric, including to free cash flow. First, Chesapeake Energy paid $2.6B ($2B in cash, plus 944M shares) for Chief E&D Holdings and associated non-operated interests. Also, worth noting both HAL and RES highlighted efforts to raise pricing, thus the flattish q/q revenue guide further supports the trend of stabilizing completion activity. Although just two data points with still plenty of earnings to go, the commentary is largely consistent with our view that frac activity is stabilizing and will witness modest growth in 2022. With respect to near-term guidance, HAL forecasts flattish q/q revenue within its C&P segment while RES believes its top line in Q1 will be up slightly relative to Q4. RES meanwhile does not have any new frac fleets on order, but it does incorporate some capex dollars in its 2022 budget for potential new fleet investment, most likely another Tier 4 dual-fuel fleet.

First, HAL specifically stated its investment in new electric fleets is for replacement, not expansionary purposes. Worth noting the following consistent themes from the HAL and RES calls. Contact us if you need the registration link. We employ this forum to gently remind folks to register as we will turn away any non-registered folks at the gate. We are tracking roughly 220 registered companies and 450 registered individuals however, a number of sponsors/exhibitors have yet to register a single person. THRIVE 2022 Conference: Our weekly pestering kicks off as we try to encourage folks to register for THRIVE.

Chk stock forecast 2025