OKLAHOMA CITY — Chesapeake Energy Corp. has completed its previously announced acquisition of Chief E&D Holdings LP and associated non-operated interests held by affiliates of Tug Hill Inc.

Nick Dell’Osso, Chesapeake’s president and CEO, commented, “The Chief transaction deepens our premium inventory, allowing us to allocate additional capital toward our world-class Marcellus Shale position and accelerate returns for our shareholders. With the integration of these assets into our existing portfolio, we look forward to generating greater free cash flow, growing our dividend programs and improving our GHG emissions metrics as we continue to responsibly deliver reliable, affordable, lower-carbon energy in 2022 and beyond.”

For more information, visit www.chk.com or call (877) 245-1427.