CHESAPEAKE GRANITE WASH TRUST (NYSE:CHKR) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
On August 11, 2017, Chesapeake Granite Wash Trust issued an updated press release announcing the trust’s quarterly distribution for the period ended June 30, 2017. The information in such press release corrected and replaced the information in the press release issued by the trust on August 4, 2017. Attached as Exhibit 99.1 is a copy of the press release issued on August 11, 2017, which is incorporated herein by reference. The information furnished in this Item 2.02 and in Exhibit 99.1 is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing by Chesapeake Granite Wash Trust under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
Press release dated August 11, 2017
CHESAPEAKE GRANITE WASH TRUST ExhibitEX-99.1 2 ex9912017-08x11chkrpressre.htm EXHIBIT 99.1 Exhibit 8-K Exhibit 99.1News ReleaseChesapeake Granite Wash TrustAugust 11,…To view the full exhibit click
About CHESAPEAKE GRANITE WASH TRUST (NYSE:CHKR)
Chesapeake Granite Wash Trust (the Trust) is a trust formed to own royalty interests for the benefit of Trust unit holders. The royalty interests held by the Trust (Royalty Interests) are derived from Chesapeake Energy Corporation’s (Chesapeake) interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County. Chesapeake conveyed the Royalty Interests to the Trust from its interests in approximately 70 existing horizontal wells (Producing Wells) and Chesapeake’s interests in over 120 horizontal development wells (Development Wells) to be drilled on properties within the Area of Mutual Interest (AMI). The AMI lies within Washita County in western Oklahoma and is limited to Colony Granite Wash formation, where Chesapeake holds approximately 40,500 gross acres. Chesapeake has drilled and completed over 90 wells within the AMI. The Colony Granite Wash is located at the eastern end of Des Moines-age granite wash fields.