With headquarters in Oklahoma City, Chesapeake Energy is the second-largest producer of natural gas in the U.S. Although currently a top-15 producer of oil and nat gas liquids, Chesapeake hopes to be among the top-five producers in the next few years. Cramer thinks it's well on its way, too. The company is the most active driller of new wells. He called it the "king" of the U.S.'s unconventional drilling shales.
Chesapeake is in the sweet spot of the oil and gas boom here in the United States, and it's one of the most aggressive drillers in the country, and it's a textbook example of a natural gas oriented company that decided to make a switch to producing more liquids, like oil, since they fetch a much higher price than natural gas.