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Chesapeake Energy- (CHK)-engages in the acquisition, exploration, and development of properties for the production of crude oil and natural gas from underground reservoirs. As of December 31, 2007, it had 10.879 trillion cubic feet equivalent of proved reserves; and also owned interests in approximately 38,500 producing oil and natural gas wells. The company was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.
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