Founded in 1989, Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of natural gas and the 10th largest producer of oil and natural gas liquids in the U.S. The company’s operations are focused on discovering and developing its large and geographically diverse resource base of unconventional natural gas and oil assets onshore in the U.S.

Pelican was formed to fund the 2013 and 2014 Founders Well Participation Program (“FWPP”), established by the board of directors of CHK.