Chesapeake Energy signs on as naming rights partner for Oklahoma City Thunder
Participating in this sponsorship deal:
About Sponsor:
Chesapeake Energy (NYSE: CHK) is the second largest producer of natural gas in the United States, a top 15 producer of U.S. liquids and the most active driller of new wells, according to an August 2011 investor presentation.[4] It recorded 2Q 2011 natural gas production of an average of approximately 3.049 billion cubic feet (86,300,000 m3) of natural gas equivalent[5], a 9 percent year-over-year increase. The 2010 full year was Chesapeake's 21st consecutive year of sequential production growth. Chesapeake also claims 14,500,000 acres (59,000 km2) net of of U.S. onshore leasehold and 29,400,000 acres (119,000 km2) of 3-D seismic inventory. The company's world headquarters is located at a corporate campus in the near northwest side of Oklahoma City, Oklahoma. The Fortune 500[6] company's operations are focused on the development of onshore unconventional and conventional natural gas in the U.S. in the Barnett Shale, Haynesville Shale, Marcellus Shale, Anadarko Basin, Arkoma Basin, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and East Texas regions of the United States. Forbes magazine recognized it as the “Best Managed Oil-and-Gas Company” in 2007[7] and it was named to Fortune Magazine’s 100 Best Companies to Work For List in 2008 through 2011.[8]
About Property:
The Oklahoma City Thunder are a professional basketball franchise based in Oklahoma City, Oklahoma. They play in the Northwest Division of the Western Conference in the National Basketball Association (NBA); their home court is at Chesapeake Energy Arena. The Thunder's NBA Development League affiliate is the Tulsa 66ers, who are owned by the Thunder. The Thunder are the only team in the Big Four North American sports leagues in Oklahoma.