CHESAPEAKE GRANITE WASH TRUST (NYSE:CHKR) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
release announcing the trusts quarterly distribution for the
period ended March 31, 2017. Attached as Exhibit 99.1 is a copy
of the press release, 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.
Press release dated May 5, 2017
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. CHESAPEAKE GRANITE WASH TRUST (NYSE:CHKR) Recent Trading Information
CHESAPEAKE GRANITE WASH TRUST (NYSE:CHKR) closed its last trading session down -0.10 at 2.40 with 167,287 shares trading hands.