Exhibit 5.2
[Letterhead of Derrick & Briggs, LLP]
September 27, 2018
Chesapeake Energy Corporation
6100 North Western Avenue
Oklahoma City, Oklahoma 73118
| Re: | Chesapeake Energy Corporation |
Ladies and Gentlemen:
We serve as Oklahoma counsel to Chesapeake Energy Corporation, an Oklahoma corporation (the “Issuer”), and the direct or indirect wholly-owned subsidiaries of the Issuer domiciled in Oklahoma, which are listed on the attached Exhibit A (the “Covered Guarantors” and together with the Issuer, each a “Company”, and collectively, the “Companies”) in connection with the issuance by the Issuer of $850,000,000 aggregate principal amount of the Issuer’s 7.00% Senior Notes due 2024 (the “2024 Notes”) and $400,000,000 aggregate principal amount of the Issuer’s 7.50% Senior Notes due 2026 (the “2026 Notes” and, together with the 2024 Notes, the “Offered Securities”) under (a) the Registration StatementNo. 333-219649 onForm S-3 (the “Initial Registration Statement”) filed on August 3, 2017, with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”) and (b) the related prospectus of the Issuer dated August 3, 2017, as supplemented by the prospectus supplement of the Issuer relating to the sale of the Offered Securities dated September 25, 2018 (as so supplemented, the “Prospectus”). Capitalized terms not otherwise defined in this Opinion Letter have the meanings ascribed in the Registration Statement. At your request, this Opinion Letter is being furnished to you for filing as Exhibit 5.2 to the Current Report of the Issuer on Form8-K to be filed with the Commission on or about this date (the “Form8-K”).
The Issuer is selling the Offered Securities under the terms of an Underwriting Agreement dated as of September 25, 2018 (the “Underwriting Agreement”), between the Issuer, the Guarantors, the several underwriters named in the Underwriting Agreement (the “Underwriters”), and Goldman Sachs & Co., LLC, as Representative of the Underwriters (the “Representative”).
The Offered Securities are to be issued under an Indenture, dated as of April 24, 2014 (the “Base Indenture”), between the Issuer, the Guarantors and Deutsche Bank Trust Company Americas, as Trustee, as supplemented by the Eighth Supplemental Indenture, to be dated as of September 27, 2018 (the “Eighth Supplemental Indenture” and, together with the Base Indenture, the “2024 Notes Indenture”), establishing the terms of the 2024 Notes, and the Ninth Supplemental Indenture, to be dated as of September 27, 2018 (the “Ninth Supplemental Indenture” and, together with the Base Indenture, the “2026 Notes Indenture”), establishing the terms of the 2026 Notes. The 2024 Notes Indenture and the 2026 Notes Indenture are collectively referred to as the “Indentures”.