SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of WildHorse Resource Development Corporation to Chesapeake Energy Corporation is Fair to Shareholders

NEW YORK, Oct. 30, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased WildHorse Resource Development Corporation ("WildHorse" or the "Company") WRD stock prior to October 30, 2018.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of WildHorse to Chesapeake Energy Corporation CHK. Under the terms of the transaction, WildHorse shareholders may elect to receive, per share, either (a) 5.989 shares of Chesapeake common stock or (b) a combination of 5.336 shares of Chesapeake common stock and $3 in cash. Investment funds managed by NGP Energy Capital Management, LLC have entered into an agreement in support of the transaction. To learn more about the investigation and your rights, go to:

https://www.zlk.com/mna/wildhorse-resource-development-corporation

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The WildHorse merger investigation concerns whether the Board of WildHorse breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Chesapeake Energy Corporation is underpaying for WildHorse shares, thus unlawfully harming WildHorse shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com