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Investments in Liquids-Rich Plays Pay Off for Chesapeake Energy in Fourth-Quarter, Full-Year 2011, an Industrial Info News Alert(February 23, 2012)
SUGAR LAND, TX -- (Marketwire) -- 02/23/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Chesapeake Energy Corporation (NYSE:CHK) (Oklahoma City, Oklahoma), the second-largest producer of natural gas in the U.S., reported overall gains for fourth-quarter and full-year 2011, as the company enjoyed tremendous success from its investments in liquids-rich plays. Chesapeake is now the 11th-largest oil producer in the U.S., and has accounted for 30% of the country's natural gas production in the last five years. Net income for the quarter was reported to be $429 million for the quarter, compared with $180 million in fourth-quarter 2010, and $1.57 billion for the year, a 5.59% decrease from 2010.
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