After Chesapeake Energy reported its quarterly results, shares were up big thanks to strong production growth and better-than-expected revenue numbers. The company's liquids production is now up to more than 130,000 barrels per day, it has hedged natural gas volumes for the year to lock in cash flow, and it has increased its asset sale guidance yet again. While many other oil and gas producers have been struggling this earnings season, Chesapeake has managed to post a solid quarter.

In today's video, Paul Chi and Matt Argersinger discuss Chesapeake Energy's quarter and how things are shaping up for this producer for the second half of the year.

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The article What's Next for Chesapeake Energy originally appeared on Fool.com.

Matthew Argersinger has the following options: short JAN 2014 $65 puts on Devon Energy. Paul Chi owns shares of Chesapeake Energy and Devon Energy. The Motley Fool owns shares of Devon Energy and has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, long JAN 2013 $25.00 calls on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, and long JAN 2014 $30.00 calls on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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