Chesapeake Energy (NYSE: CHK) is the second largest producer of natural gas in the United States, a top 15 producer of U.S. liquids and the most active driller of new wells, according to an August 2011 investor presentation. It recorded 2Q 2011 natural gas production of an average of approximately 3.049 billion cubic feet (86,300,000 m3) of natural gas equivalent, a 9 percent year-over-year increase. The 2010 full year was Chesapeake's 21st consecutive year of sequential production growth.
Chesapeake also claims 14,500,000 acres (59,000 km2) net of of U.S. onshore leasehold and 29,400,000 acres (119,000 km2) of 3-D seismic inventory.
The company's world headquarters is located at a corporate campus in the near northwest side of Oklahoma City, Oklahoma. The Fortune 500 company's operations are focused on the development of onshore unconventional and conventional natural gas in the U.S. in the Barnett Shale, Haynesville Shale, Marcellus Shale, Anadarko Basin, Arkoma Basin, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and East Texas regions of the United States. Forbes magazine recognized it as the “Best Managed Oil-and-Gas Company” in 2007 and it was named to Fortune Magazine’s 100 Best Companies to Work For List in 2008 through 2011.
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