Chesapeake Energy Corporation (NYSE: CHK) and WildHorse Resource Development Corporation (NYSE: WRD) jointly announced today that, in connection with Chesapeake's pending acquisition of WildHorse, the election deadline for record holders of shares of WildHorse's common stock to elect the form of merger consideration they wish to receive in connection with the transaction is 5:00 p.m. Eastern time on January 30, 2019, which is based on an anticipated transaction completion date of February 1, 2019.

Accordingly, an election will be valid only if a properly completed and signed election form, together with all required documents and materials set forth in the election form and the instructions thereto, is received by EQ Shareowner Services, the exchange agent for the transaction, by 5:00 p.m. Eastern time on January 30, 2019. Stockholders with questions should contact Innisfree M&A Incorporated, the proxy solicitor for the transaction, toll-free at (877) 825-8621 (banks and brokers please call collect at (212) 750-5833).

The election deadline does not impact the deadline for WildHorse common stockholders to vote on the merger agreement, which will be considered at the special meeting of WildHorse stockholders to be held on January 31, 2019 at 2:00 p.m. WildHorse stockholders are encouraged to vote their shares if they have not already done so.

Headquartered in Oklahoma City, Chesapeake Energy Corporation's operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.

WildHorse Resource Development Corporation is an independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and NGL properties primarily in the Eagle Ford Shale and Austin Chalk in East Texas.