Chesapeake Energy Corporation Announces Launch of Initial Public Offering by Chesapeake Granite Wash Trust

OKLAHOMA CITY--(BUSINESS WIRE)--Chesapeake Energy Corporation (“Chesapeake”) (NYSE:CHK) announced today that Chesapeake Granite Wash Trust (the “Trust”) has commenced an initial public offering of 23,375,000 common units representing an approximate 50% beneficial interest in the Trust. The Trust has also granted the underwriters the option to purchase up to an additional 3,506,250 common units.