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July 2011 Investor Presentation – Chesapeake Energy Corp

Chesapeake Energy Corp · Jul 10, 2011 · 35 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. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 1
    July 2011 Investor Presentation
  2. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 2
    May 2011 July 2011Investor Investor Presentation Presentation Industry Leadership Leader in production Second-largest producer of U.S. natural gas and a Top 15 producer of U.S. liquids 2Q11 gas production of 2.6 bcf/d; liquids…
  3. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 3
    May 2011 July 2011Investor Investor Presentation Presentation Best Assets in the Business Captured Americas largest natural gas and liquids resource base 16.5 tcfe of proved reserves at 6/30/11(1) (following sale of 2.8 tcfe in…
  4. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 4
    May 2011 July 2011Investor Investor Presentation Presentation Strong 2Q 11 Results Top-tier production growth 2Q 11 production averaged 3.049 bcfe/d; up 9% YOY and down 2% sequentially (up 25% YOY and 12% sequentially adjusted…
  5. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 5
    May 2011 July 2011Investor Investor Presentation Presentation Leading the Way on Increasing Natural Gas Demand Clean Energy Fuels Corp. LNG fueling infrastructure: CHK has agreed to invest 150 million in newly issued convertible…
  6. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 6
    May 2011 July 2011Investor Investor Presentation Presentation Relentlessly Focused on Strong Financial and Operational Performance Delivering consistent production growth 21 consecutive years of sequential production growth;…
  7. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 7
    May 2011 July 2011Investor Investor Presentation Presentation Relentlessly Focused on Per Share Growth, Accelerating From Here Production/Weighted Average Fully Diluted Share Proved Reserves/Fully Diluted Share 1.8 30…
  8. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 8
    May 2011 July 2011Investor Investor Presentation Presentation In Addition to Growth Opportunity, A Remarkable Value Opportunity for Investors (in millions) Price per share 30.00 35.00 40.00 Fully diluted common shares 765 765…
  9. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 9
    May 2011 July 2011Investor Investor Presentation Presentation CHK Net Asset Value Analysis June 30, 2011 (1) NAV various NYMEX natural gas prices ( in millions, except per share data) 4.00 5.00 6.00 7.00 Proved reserves 15,100…
  10. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 10
    May 2011 July 2011Investor Investor Presentation Presentation Time to Get Bullish on Out Year Natural Gas Many reasons to be bullish on intermediate and long-term natural gas prices: U.S. natural gas producers are rapidly moving to…
  11. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 11
    May 2011 July 2011Investor Investor Presentation Presentation Three Transitions Forthcoming for CHK and U.S. Natural Gas Industry In the next few years: Majority of U.S. natural gas producers will have completed their transition…
  12. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 12
    Best Assets in the Business
  13. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 13
    May 2011 July 2011Investor Investor Presentation Presentation CHKs Operating Areas Low-risk, U.S. onshore asset base; not exposed to economic, geopolitical or technological risks internationally or in the Gulf of Mexico 13
  14. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 14
    May 2011 July 2011Investor Investor Presentation Presentation Major Liquids Discovery CHKs Ohio Utica Shale Immature Started leasing Ohio Utica in mid 2010 and now has: Oil Window 1.25 mm net acres of leasehold, by far the…
  15. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 15
    May 2011 July 2011Investor Investor Presentation Presentation Best E&P Drilling Inventory in the U.S. CHK Total Proved CHK CHK CHK CHK Reserves CHK CHK CHK Est. Risked Total Risked and Risked Unrisked Jul-11 Jul-11 CHK CHK…
  16. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 16
    May 2011 July 2011Investor Investor Presentation Presentation 1,000 BOE Per Day Wells in Multiple CHK Plays Niobrara Frontier Sims 33-71 25-1H Wagonhound 30-1H 1,770 boe/d 1,625 boe/d (2.4 mmcf/d + 1,370 bbls/d) (1.7 mmcf/d +…
  17. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 17
    May 2011 July 2011Investor Investor Presentation Presentation Aggressively Shifting Capital to Liquids-Rich Plays CHK plans to reduce drilling of natural gas wells 100% Total Natural Gas Capex Total Liquids Capex in 2011, except…
  18. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 18
    May 2011 July 2011Investor Investor Presentation Presentation CHKs Production Outlook 800,000 80% NGL, boe/d Oil, boe/d 700,000 70% Associated Natural Gas from Liquids Plays, boe/d Natural Gas from Shale Plays, boe/d 250,000…
  19. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 19
    May 2011 July 2011Investor Investor Presentation Presentation Chesapeake Oilfield Services, L.L.C. Chesapeake Oilfield Services, L.L.C. strategic advantages: CHKs in-house service companies provide premium service and products,…
  20. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 20
    Relentlessly Focused on Strong Financial Performance
  21. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 21
    May 2011 July 2011Investor Investor Presentation Presentation CHKs 2011-12 25/25 Plan, is now 30/25 Plan CHKs plan for the next two years is straightforward: Increase production by at least 25% net of asset sales (now projecting…
  22. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 22
    May 2011 July 2011Investor Investor Presentation Presentation Off to a Fast Start Implementing the 25/25 Plan Closed joint venture with CNOOC in the DJ and Powder River Basins for 1.3 billion of cash and drilling carries in…
  23. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 23
    May 2011 July 2011Investor Investor Presentation Presentation Enormous Value Created Through JV Transactions More to Come in 11 and 12 CHK was early to recognize shale gas (and now liquids) would become the biggest game changer in…
  24. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 24
    May 2011 July 2011Investor Investor Presentation Presentation Case Study on CHKs Major JVs and Shale Plays (1) ( billions) Capital Invested Historical cost of buying acreage (16.6) Historical cost of drilling wells (13.0)…
  25. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 25
    May 2011 July 2011Investor Investor Presentation Presentation 2011 Financial Projections at Various Natural Gas Prices ( in millions; oil at 99.15 NYMEX) 4.00 5.00 6.00 7.00 O/G revenue (unhedged) 1,172 bcfe (1) 5,210 5,610 6,020…
  26. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 26
    May 2011 July 2011Investor Investor Presentation Presentation 2012 Financial Projections at Various Natural Gas Prices ( in millions; oil at 100 NYMEX) 4.00 5.00 6.00 7.00 O/G revenue (unhedged) 1,350 bcfe (1) 6,770 7,790 8,810…
  27. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 27
    May 2011 July 2011Investor Investor Presentation Presentation CHKs Natural Gas and(1)(2)Oil Hedge Positions for 2011-12 Assuming future settlements for natural gas prices of 4.50-5.50/mcf and oil prices of 100/bbl in 2H 2011 and…
  28. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 28
    May 2011 July 2011Investor Investor Presentation Presentation CHK Hedging Since 1Q 06: 7.7 Billion of Realized Gains Best in Industry, by Far Quarterly Realized Gains and Losses 1Q'06 - 2Q'11 800 4.00 Realized Gains/Losses ( in…
  29. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 29
    May 2011 July 2011Investor Investor Presentation Presentation Senior Note Maturity Schedule (1) 2,500 CHK Total Senior Notes: 8.74 billion 2,328(2) Average Maturity: 6.7 years Average Interest Rate: 6.25% 2,000 1,800…
  30. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 30
    May 2011 July 2011Investor Investor Presentation Presentation Dont Forget About These Other Assets (1) CHK has invested in a variety of other assets: drilling rigs and equipment, various midstream gathering and compression…
  31. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 31
    Summary
  32. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 32
    May 2011 July 2011Investor Investor Presentation Presentation Summary 2011-12s 25/25 Plan (Now 30/25 Plan and perhaps in 2012 the 30/30 Plan) Increase production by at least 25% net of asset sales (now projecting 30%) Reduce…
  33. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 33
    May 2011 July 2011Investor Investor Presentation Presentation Corporate Information Corporate Contacts: Chesapeake Headquarters Jeffrey L. Mobley, CFA 6100 N. Western Avenue Senior Vice President Oklahoma City, OK 73118…
  34. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 34
    Appendix
  35. July 2011 Investor Presentation – Chesapeake Energy Corp – slide 35
    May 2011 July 2011Investor Investor Presentation Presentation Certain Reserve & Production Information The Securities and Exchange Commission requires natural gas and oil companies, in filings made with the SEC, to disclose proved…

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