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Chesapeake Energy: A Natural Gas–Weighted Upstream Company

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Chesapeake’s natural gas production

Natural gas (UNG) represented ~75% of Chesapeake Energy’s (CHK) total production in 2Q16. Its share as a percentage of Chesapeake’s total production has mostly remained steady near an average of ~72% since 2Q14.

Gulfport Energy’s (GPOR) and QEP Resources’ (QEP) 2Q16 natural gas production mixes were 87% and 51%, respectively.

As you can see in the above graph, while Chesapeake’s total production has fallen considerably since 2Q14, its natural gas production mix percentage has remained steady.

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