Skip to main content February 2013 Investor Presentation – Chesapeake Energy Corp | Shale Experts
Loading...
Pm

February 2013 Investor Presentation – Chesapeake Energy Corp

Chesapeake Energy Corp · Feb 10, 2013 · 31 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 1
    February 2013 Investor Presentation FEBRUARY 2013 INVESTOR PRESENTATION
  2. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 2
    February 2013 Investor Presentation INDUSTRY LEADERSHIP 2nd largest U.S. natural gas producer (net), 4% of total Largest U.S. natural gas producer (gross), 9% of total 11th largest U.S. liquids (oil and NGL) producer 1 driller of…
  3. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 3
    February 2013 Investor Presentation 4Q 12 EARNINGS SUMMARY Production results 4Q 12 total production averaged 3.931 bcfe/d, up 9% YOY 4Q 12 liquids production of 147,500 bbls/d, up 39% YOY Oil production grew 69% YOY Liquids…
  4. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 4
    February 2013 Investor Presentation CURRENT OBJECTIVES AND INITIATIVES Improving production mix towards more liquids Aiming for 27% liquids production growth in 2013 to reach 26% of total (1) production as liquids Reducing per…
  5. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 5
    February 2013 Investor Presentation PREMIER COLLECTION OF U.S. E&P ASSETS
  6. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 6
    February 2013 Investor Presentation FOCUSED ON 10 KEY PLAYS Low-risk, U.S. onshore asset base; not exposed to economic, geopolitical or technological risks internationally or in the Gulf of Mexico 19.6 tcfe of proved reserves(1)…
  7. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 7
    February 2013 Investor Presentation AGGRESSIVE SHIFT OF CAPITAL TO LIQUIDS-RICH PLAYS HAS PAID OFF Drilling and completion capex Average operated rig count 3.0 200 70% 70% CHK Liquids % of Total Realized Revenue 60% CHK…
  8. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 8
    February 2013 Investor Presentation ONE OF THE BEST LIQUIDS GROWTH STORIES IN THE INDUSTRY YOY Percentage Growth YOY Absolute Growth MUR 107% MRO 50 MRO 60% APC 42 CLR 42% CHK 41 CHK 39% APA 41 NBL 36% EOG 37 PXP 34% HESS 34…
  9. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 9
    February 2013 Investor Presentation CHKS NEAR-TERM PROJECTED PRODUCTION GROWTH IS 100% LIQUIDS Permian Basin Sales 147,500 bbls/d in 4Q12 % Liquids 30,000 bbls/d in 1Q09 VPP 8 Fayetteville Barnett Sale and Total JV…
  10. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 10
    February 2013 Investor Presentation IMPORTANT PLAY DEVELOPMENTS Eagle Ford Shale: Key growth engine for CHK liquids production growth 4Q12 daily net production was 62,500 mmcfe/d, up 266% YOY, 20% sequentially Benefitting from…
  11. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 11
    February 2013 Investor Presentation UTICA AND MARCELLUS SOUTH PROCESSING PLANTS (1) Nisource/Hilcorp - CHK Contracted Utica 200 mmcf/d CHK Contracted Marcellus Third-Party Facilities Kensington - ATEX Pipeline 600 mmcf/d…
  12. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 12
    February 2013 Investor Presentation MARCELLUS NORTH ANTICIPATED PIPELINE INDUSTRY TAKEAWAY ADDITIONS Millennium + 0.37 bcf/d TENN. Gas Pipeline + 0.47 bcf/d + 0.64 bcf/d Industry Transco Takeaway Additions + 0.65 bcf/d…
  13. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 13
    February 2013 Investor Presentation FINANCIAL SUMMARY
  14. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 14
    February 2013 Investor Presentation 2013 DRILLING AND COMPLETION ALLOCATION BY PLAY (1) (1) Net of drilling carries (2) Anadarko Basin includes Cleveland, Tonkawa Tight Sand, Mississippi Lime and Granite Washes 85% of 2013…
  15. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 15
    February 2013 Investor Presentation OPTIMIZATION OF DRILLING AND COMPLETION CAPEX 16,000 2013E drilling and completion capex is Leasehold Capex Drilling & Completion Capex 14,000 31% lower than 2012 11,655 12,000 At YE12, CHK…
  16. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 16
    February 2013 Investor Presentation OUTLOOK SUMMARY 2011 2012 YE 2013E Production: Natural gas (bcf) 1,004 1,129 1,030 - 1,070 Oil (mbbls) 16,964 31,265 36,000 - 38,000 (1) NGL (mbbls) 14,712 17,615 24,000 - 26,000 Natural gas…
  17. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 17
    February 2013 Investor Presentation 2013 FINANCIAL PROJECTIONS (1) As of 2/21/13 Outlook ( in mm; oil at 95 NYMEX) 3.00 4.00 5.00 O/G revenue(2) 6,040 7,090 8,140 Ebitda 4,330 4,860 5,360 Operating cash flow(3) 4,600 5,130…
  18. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 18
    February 2013 Investor Presentation PRO FORMA DEBT MATURITY SCHEDULE (1) 4,282 Sr. Debt & Term Loan: 12.6 Billion Average Maturity: 5.3 years ( in MM) 1,950 1,800 Bank credit 1,660 facilities with 1,489 4.5…
  19. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 19
    February 2013 Investor Presentation SUMMARY
  20. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 20
    February 2013 Investor Presentation VALUE OPPORTUNITY ( in millions except share price) Price per share 15.00 20.00 25.00 Common shares 12/31/12 664 664 664 Market capitalization 10,000 13,300 16,600 Plus: long-term debt (net…
  21. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 21
    February 2013 Investor Presentation WHY INVEST IN CHK Best assets in the business amassed, now delivering greater shareholder returns from them One of the top liquids growth stories in the industry Ongoing strategic…
  22. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 22
    February 2013 Investor Presentation CORPORATE INFORMATION Corporate Contacts: Chesapeake Headquarters Jeffrey L. Mobley, CFA 6100 N. Western Avenue Senior Vice President Oklahoma City, OK 73118 Investor Relations and Research…
  23. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 23
    February 2013 Investor Presentation APPENDIX
  24. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 24
    February 2013 Investor Presentation EAGLE FORD SHALE OVERVIEW Oil Window 485,000 net acres (2nd largest Wet Gas Window Dry Gas Window leasehold owner) 534 gross operated producing wells JJ Henry IX M 1H 1,275 boe/d Brought…
  25. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 25
    February 2013 Investor Presentation UTICA SHALE OVERVIEW 1.0 mm net acres (largest leasehold owner) Discovered play in 2010 Drilled a total of 184 wells in the Utica play 45 producing wells, 47 wells drilled, but WOPL, and 92…
  26. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 26
    February 2013 Investor Presentation MARCELLUS SHALE OVERVIEW Northern Marcellus CHK Leasehold Largest leasehold owner in the play with 1.8 mm Operated Rigs net acres Nonoperated Rigs 1.5 mm net acres in northern dry gas…
  27. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 27
    February 2013 Investor Presentation MISSISSIPPI LIME OVERVIEW CHK Leasehold 2.1 mm net acres (largest leasehold Operated Rigs owner) Nonoperated Rigs Discovered horizontal play in 2007 273 horizontal producing wells Brought…
  28. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 28
    February 2013 Investor Presentation TOP 20 U.S. LIQUIDS PRODUCERS 2011 Reported 2011 Reported Daily U.S. Liquids Proved U.S. Proved U.S. U.S. U.S. U.S. Liquids Rigs Production ( 1) ( 2) 3Q'12 3Q'12 Liquids Liquids Liquids Rigs…
  29. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 29
    February 2013 Investor Presentation TOP 20 U.S. NATURAL GAS PRODUCERS 2011 Reported 2011 Reported Daily U.S. Natural Gas U.S. Net Proved U.S. U.S. U.S. U.S. Gas Rigs Production ( 1) ( 2) 3Q'12 3Q'12 Proved Natural Natural Gas Gas…
  30. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 30
    February 2013 Investor Presentation RECONCILIATION OF FINANCIAL PROJECTIONS: EBITDA TO OPERATING CASH FLOW As of 2/21/13 Outlook 2013 ( in mm; oil at 95 NYMEX) 3.00 4.00 5.00 O/G revenue (unhedged) (1) 6,040 7,090 8,140 Hedging…
  31. February 2013 Investor Presentation – Chesapeake Energy Corp – slide 31
    February 2013 Investor Presentation RECONCILIATION OF FINANCIAL PROJECTIONS: OPERATING CASH FLOW TO NET INCOME As of 2/21/13 Outlook 2013 ( in mm; oil at 95 NYMEX) 3.00 4.00 5.00 Operating cash flow (1 ) 4,600 5,130 5,630 Oil…

From the store

Browse maps, data & reports in the Shale Experts store