Chesapeake Energy Corp. , Oklahoma City, is budgeting total capital expenditures, including capitalized interest, of $4-4.5 billion for 2015. Using the midpoint of the range, it represents a 26% reduction compared with the company’s 2014 capital expenditures before acquisitions of $5.8 billion, and a 37% reduction from the company’s 2014 total capital expenditures of $6.7 billion. Chesapeake for 2014 reported net income available to common stockholders of $1.273 billion. The primary component of this increase was unrealized gains on the company’s oil and natural gas commodity derivatives, partially offset by the redemption of all the outstanding preferred shares of a subsidiary. Adjusting for these items, full-year adjusted net income available to common stockholders was $957 million, compared with adjusted net income available to common stockholders of $965 million in 2013. Notably during the fourth quarter, the company received $5.1 billion of net proceeds from asset […]