Chesapeake Energy (NYSE: CHK) based in Oklahoma, USA is a leading producer of natural gas and petroleum. It is the second largest producer of natural gas and 13th largest producer of oil and gas in USA.
Chesapeake Energy was established in 1989 by Aubrey McClendon and Tom L Ward with an initial investment of $50,000. The founders named the company Chesapeake because of their love for the Chesapeake Bay region. Tom L Ward later left Chesapeake to form his own company.