Chesapeake Energy Integrates AER Technology into Its Seasonal Forecast Process

Publish Date: 
September 7, 2011
Article Source: 
Press Release

Press Release Link: Chesapeake Energy Integrates AER Technology into Its Seasonal Forecast Process

Chesapeake Energy Corporation (NYSE:CHK) has adopted AER’s suite of seasonal products to aid in weather forecasts that support Chesapeake’s hedging and marketing activities. Chesapeake is the country’s most active driller, second-largest producer of natural gas, and a Top 15 oil producer. AER, a Verisk Analytics company (NASDAQ:VRSK), was the only commercial forecasting service to accurately predict last winter’s cold and is introducing advanced techniques that deliver these skilled forecasts earlier in the 2012 winter season.

“We continue to be impressed by the level of insight and scientific rigor that AER provides. AER’s suite of products, as well as the extensive back-testing they have done on their new seasonal forecast techniques, factored heavily into our decision.” —Jon Davis, chief meteorologist at Chesapeake.

Read the press release.

Learn more about the AER Seasonal Forecast service.