UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
| CHESAPEAKE ENERGY CORPORATION | |||||||||||||||||||||||
| (Exact name of registrant as specified in its charter) | |||||||||||||||||||||||
| Oklahoma | 001-13726 | 73-1395733 | |||||||||||||||||||||
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||||||||||||||
| 6100 North Western Avenue, | Oklahoma City, | Oklahoma | 73118 | ||||||||||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||||||||||||||
| Mohit Singh, (405) 848-8000 | |||||||||||||||||||||||
| (Name and telephone number, including area code, of the person to contact in connection with this report) | |||||||||||||||||||||||
Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:
☐ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, __________. | ||||
☒ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023. | ||||
Section 1 - Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
Not applicable
Item 1.02 Exhibit
Not applicable
Section 2 - Resource Extraction Issuer Disclosure
Item 2.01 Resource Extraction Issuer Disclosure and Report
Chesapeake Energy Corporation (“Chesapeake”) is an independent exploration and production company engaged in the acquisition, exploration and development of properties to produce natural gas, oil and NGL from underground reservoirs. Chesapeake owns a large portfolio of onshore U.S. unconventional natural gas assets. Chesapeake’s natural gas resource plays are the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana. Chesapeake’s liquids-rich resource play was in the Eagle Ford Shale in South Texas (“Eagle Ford”), but during 2023, Chesapeake completed its exit from Eagle Ford through three separate divestiture transactions. During the year ended December 31, 2023, Chesapeake made payments to the United States Federal Government to further the commercial development of oil, natural gas or minerals.
Disclosure of Payments by Resource Extraction Issuers
The specified payment disclosure required by Form SD is included in Exhibit 2.01 to this Form SD.
Section 3 - Exhibits
Item 3.01 Exhibits
The following exhibit is submitted as part of this report:
| Exhibit No. | Document Description | |||||||
| Disclosure of payments by resource extraction issuers for the fiscal year ended December 31, 2023. | ||||||||
| 2.01 INS | XBRL Instance Document. | |||||||
| 2.01 SCH | XBRL Taxonomy Extension Schema Document. | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CHESAPEAKE ENERGY CORPORATION | |||||
| By: | /s/ MOHIT SINGH | ||||
| Mohit Singh | |||||
| Executive Vice President and Chief Financial Officer | |||||
Date: September 19, 2024
Exhibit 2.01
Disclosure of Payments by Resource Extraction Issuers
The type and total amount of such payments, by payment type listed in paragraph (d)(9)(iii) of Item 2.01 of Form SD, made for each applicable project of the resource extraction issuer relating to the commercial development of oil, natural gas, or minerals is presented within the table below.
All payments were made in U.S. dollars and were made to the U.S. Federal Government. Chesapeake has a single reportable segment, and for the year ended December 31, 2023, the payments made were related to taxes that were levied at the entity level, not at a project level. Chesapeake extracts natural gas and oil via wells, and the entity-level taxes paid were related to the extraction of natural gas and oil.
| Year Ended December 31, 2023 | ||||||||||||||
| Type of Payment | Entity-Level | Total | ||||||||||||
| ($ in thousands) | ||||||||||||||
| Taxes | $ | 191,675 | $ | 191,675 | ||||||||||
| Royalties | — | — | ||||||||||||
| Fees | — | — | ||||||||||||
| Production entitlements | — | — | ||||||||||||
| Bonuses | — | — | ||||||||||||
| Dividends | — | — | ||||||||||||
| Infrastructure improvements | — | — | ||||||||||||
| Community and social responsibility payments | — | — | ||||||||||||
| Total | $ | 191,675 | $ | 191,675 | ||||||||||