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Chesapeake Granite Wash Trust (CHKR)

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Last Post: 9/24/2016 11:50:37 AM - Followers: 4 - Board type: Free - Posts Today: 0




Chesapeake Granite Wash Trust (NYSE:CHKR) is a Delaware statutory trust formed by Chesapeake Energy Corporation to own certain royalty interests in oil and natural gas wells in Washita County, Oklahoma, producing from the Colony Granite Wash Play within the broader Granite Wash formation of the Anadarko Basin. The common units representing beneficial interests in Chesapeake Granite Wash Trust do not represent interests in and are not obligations of Chesapeake Energy Corporation.Chesapeake Granite Wash Trust owns royalty interests in oil, natural gas liquids and natural gas properties located in Washita County, Oklahoma, which were conveyed to the Trust by Chesapeake Energy Corporation (NYSE:CHK). These royalty interests entitle the trust to receive, after the deduction of post-production expenses and taxes:90% of the proceeds attributable to Chesapeake Energy Corporation’s net revenue interest in the sale of production from 69 horizontal producing wells; and 50% of the proceeds attributable to Chesapeake’s net revenue interest in the sale of production from 118 horizontal development wells to be drilled by Chesapeake Energy Corporation within a defined Area of Mutual Interest (AMI).

  • The Area of Mutual Interest (AMI) of the Chesapeake Granite Wash Trust is limited to the Colony Granite Wash formation and consists of approximately 45,400 gross acres (28,700 net acres) held by Chesapeake Energy Corporation. The AMI is identified on the map below.The Colony Granite Wash formation is encountered at depths between approximately 11,500 and 13,000 feet. It lies between the top of the Des Moines formation (or top of Colony Granite Wash “A”) and the top of the Prue formation (or base of Colony Granite Wash “C”).
    The Colony Granite Wash is a subset of the greater Granite Wash plays of the Anadarko Basin. The Colony Granite Wash is situated at the eastern end of a series of Des Moines-age granite wash fields that extend along the southern flank of the Anadarko Basin, approximately 60 miles into the Texas Panhandle.

    The Trust will make quarterly distributions of the cash receipts attributable to the royalty interests, after deducting the Trust’s expenses, through the quarter ending June 30, 2031.
    The business and affairs of the Trust are managed by The Bank of New York Mellon Trust Company, N.A., as trustee.


Past Dividends

Ex-dividend date Amount Record date Pay date
February 17, 2016 $0.2195 February 19, 2016 February 29, 2016
November 17, 2015 $0.3232 November 19, 2015 November 30, 2015
August 17, 2015 $0.3579 August 19, 2015 August 31, 2015
May 18, 2015 $0.3899 May 20, 2015 June 1, 2015

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Current Price
Bid Ask Day's Range
CHKR News: Quarterly Report (10-q) 08/05/2016 08:54:19 AM
CHKR News: Current Report Filing (8-k) 08/05/2016 07:07:43 AM
CHKR News: Chesapeake Granite Wash Trust Announces Fulfillment Of Drilling Obligation Under Development Agreement And Distribution Of $0... 08/05/2016 07:00:00 AM
CHKR News: Quarterly Report (10-q) 05/06/2016 08:28:11 AM
CHKR News: Current Report Filing (8-k) 05/06/2016 07:08:05 AM
#20   I'm not convinced that the bottom is in stocktrademan 09/24/16 11:50:37 AM
#19   Yes.To me $2 to $3 is a good MagicMarvin 09/24/16 11:43:50 AM
#18   like the question i ask Stocktraderman, can you Guitarmanlife 09/24/16 11:01:15 AM
#17   Stock, i'm chatting with you here because I Guitarmanlife 09/24/16 10:59:26 AM
#16   Moving back up!!!Go CHKR!!! MagicMarvin 04/12/16 01:36:31 PM
#15   Requesting permission from IHUB to be a moderator. MagicMarvin 03/01/16 05:25:05 AM
#14   Go $CHKR$! MagicMarvin 03/01/16 05:23:21 AM
#13   Someday oil and gas will go back up.JMO. MagicMarvin 03/01/16 05:22:14 AM
#12   Im invested in CHKR. MagicMarvin 03/01/16 05:21:00 AM
#11   $CHKR recent news/filings stocktrademan 12/17/15 03:48:07 PM
#10   There was an article on them talking about m_bussinger 12/08/14 10:33:20 PM
#9   Must be bad news on the way. This NathanH 12/08/14 12:14:00 PM
#8   Anyone know why this has dropped a ton? NathanH 12/06/14 12:48:14 PM
#7   Tmaga If you want to look at a Billjet17 09/10/14 10:59:13 AM
#5   Best of both worlds on here with a lakingsphan0427 08/15/14 01:40:35 PM
#4   Velcro...thanks for you response...not too many people on TMaga 08/12/14 04:50:11 PM
#3   This looks like an excellent company. velcro 08/11/14 10:07:45 PM
#2   Very quiet board...Hello.....Gee no echo either...Must be the TMaga 07/28/14 08:11:56 PM
#1   Stupid me, got out when I should have TMaga 05/13/14 05:15:12 PM