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OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp

Chesapeake Energy Corp · Oct 3, 2011 · 44 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. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 1
    O t b 2011 Investor October I t Presentation P t ti
  2. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 2
    May 2011 October Investor 2011 Presentation Investor 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;…
  3. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 3
    May 2011 October Investor 2011 Presentation Investor 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…
  4. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 4
    May 2011 October Investor 2011 Presentation Investor Presentation Relentlessly Focused on Strong Financial and Operational p Performance Delivering consistent production growth 21 consecutive years of sequential production…
  5. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 5
    May 2011 October Investor 2011 Presentation Investor Presentation Relentlessly Focused on Per Share Growth, Accelerating g From Here Production/Weighted Average Fully Diluted Share Proved Reserves/Fully Diluted Share 1.8 30…
  6. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 6
    May 2011 October Investor 2011 Presentation Investor Presentation Growth Opportunity, Plus a Remarkable Value Opportunity pp y for Investors (in millions) Price per share 30.00 35.00 40.00 Fully diluted common shares 765 765 765…
  7. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 7
    May 2011 October Investor 2011 Presentation Investor 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…
  8. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 8
    May 2011 October Investor 2011 Presentation Investor Presentation Three Transitions Forthcoming for CHK and U.S. Natural Gas Industryy In the next few years: Majority of U.S. natural gas producers will have completed their…
  9. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 9
    May 2011 October Investor 2011 Presentation Investor 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…
  10. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 10
    Leading the Way on Increasing Natural Gas Demand Transportation Market Initiatives
  11. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 11
    May 2011 October Investor 2011 Presentation Investor Presentation Clean Energy Fuels Corp. LNG Fueling g Infrastructure CHK has agreed to invest 150 million in newly issued convertible debt of Clean Energy Fuels Corp (Nasdaq:…
  12. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 12
    May 2011 October Investor 2011 Presentation Investor Presentation Americas Natural Gas Highway System Objectives Americas Natural Gas Highway System will deploy LNG fueling stations along every major interstate trucking corridor in…
  13. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 13
    May 2011 October Investor 2011 Presentation Investor Presentation Natural Gas is Poised for Fast Transportation Market Penetration Reliable, attractively priced fuel Natural gas tied to domestic supply and demand factors as…
  14. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 14
    May 2011 October Investor 2011 Presentation Investor Presentation Americas Natural Gas Highway September 2011 Actual First Station Completed: Baytown, TX Source: Clean Energy Fuels Corporation 14
  15. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 15
    May 2011 October Investor 2011 Presentation Investor Presentation Americas Natural Gas Highway December 2012 Projected Source: Clean Energy Fuels Corporation 15
  16. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 16
    May 2011 October Investor 2011 Presentation Investor Presentation A Cleaner and Cheaper Energy Future is on its Way to a Station Near You 16
  17. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 17
    May 2011 October Investor 2011 Presentation Investor Presentation Green Gasoline Is On the Wayy Too Sundrop Fuels, Inc. is developing biobased green gasoline made from natural gas and cellulosic material: CHK has agreed g to…
  18. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 18
    Best Assets in the Business
  19. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 19
    May 2011 October Investor 2011 Presentation Investor 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…
  20. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 20
    May 2011 October Investor 2011 Presentation Investor Presentation CHKs Newest Major Discovery Liquids q Rich Ohio Utica Shale Immature Began leasing in Ohio for Utica in mid-2010 now have: Oil Window Wet Gas Window 1.25 mm…
  21. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 21
    May 2011 October Investor 2011 Presentation Investor 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…
  22. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 22
    May 2011 October Investor 2011 Presentation Investor Presentation 1,000 BOE Per Day Wells Everywhere 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 + 1,342…
  23. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 23
    May 2011 October Investor 2011 Presentation Investor Presentation Aggressively Shifting Capital to Liquids-Rich q Plays y CHK continues to reduce drilling of natural gas Total Natural Gas Capex Total Liquids Capex wells in 2011,…
  24. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 24
    May 2011 October Investor 2011 Presentation Investor Presentation CHKs Production Outlook 800,000 80% NGL, boe/d Oil, boe/d 700 000 700,000 70% Associated Natural Gas from liquids plays, boe/d Natural Gas from shale plays,…
  25. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 25
    May 2011 October Investor 2011 Presentation Investor Presentation Is CHK a Triple from Here Estimated Estimated Possible 2015 2012 - 2015 Estimated Ebitda Multiple Estimated Estimated Estimated Shares Per Share Production Oil and…
  26. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 26
    May 2011 October Investor 2011 Presentation Investor Presentation Chesapeake Oilfield Services, L.L.C. Chesapeake Oilfield Services, L.L.C. strategic advantages: CHKs in-house service companies provide premium services and…
  27. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 27
    Relentlessly Focused on Strong St Financial Fi i l Performance
  28. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 28
    May 2011 October Investor 2011 Presentation Investor Presentation CHKs 2011-12 25/25 Plan Is Now Our 30/25 / Plan CHKs plan for the next two years is straightforward: Increase production by at least 25% net of asset sales (now…
  29. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 29
    May 2011 October Investor 2011 Presentation Investor Presentation Off to a Fast Start Implementing / Plan the 25/25 Closed joint venture with CNOOC in the DJ and Powder River Basins for 1.3 billion of cash and drilling carries in…
  30. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 30
    May 2011 October Investor 2011 Presentation Investor Presentation Enormous Value Created Through JV Transactions More to Come in 11 and 12 CHK was early to recognize shale gas (and now unconventional liquids) would become the…
  31. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 31
    May 2011 October Investor 2011 Presentation Investor Presentation Case Study on CHKs Major JVs and Shale Plays y (1) ( billions) Capital Invested Historical Hi t i l costt off buying b i g acreage g (16.6) (16 6)…
  32. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 32
    May 2011 October Investor 2011 Presentation Investor Presentation 2011 Financial Projections at Various Natural Gas Prices ( in millions; oil at 99.15 NYMEX) 4.00 5.00 6.00 7.00 (1) O/G revenue (unhedged) 1,172 bcfe 5,210 5,610…
  33. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 33
    May 2011 October Investor 2011 Presentation Investor Presentation 2012 Financial Projections at Various Natural Gas Prices ( in millions; oil at 100 NYMEX) 4.00 5.00 6.00 7.00 (1) O/G revenue (unhedged) 1,350 bcfe 6,770 7,790…
  34. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 34
    May 2011 October Investor 2011 Presentation Investor Presentation CHKs Natural Gas and(1)(2)Oil Hedge Positions for 2011-12 Assuming future settlements for natural gas prices of 4.50 in 2H 11 and 5.50 in 2012 and oil prices of…
  35. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 35
    May 2011 October Investor 2011 Presentation Investor Presentation CHK Hedging Since 1Q 06: 7.7 Billion of y byy Far Realized Gains Best in Industry, Quarterly Realized Gains and Losses 1Q'06 - 2Q'11 800 4.00 alized Gains/Lossess…
  36. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 36
    May 2011 October Investor 2011 Presentation Investor Presentation Senior Note Maturity Schedule (1) 2,500 CHK Total Senior Notes: 8.7 billion 2,328(2) Average Maturity: 6.7 years Average g Interest Rate: 6.25% 2,000…
  37. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 37
    May 2011 October Investor 2011 Presentation Investor Presentation Dont Forget About These Big Assets (1) CHK has invested in a variety of other assets: drilling rigs and other service equipment, various midstream gathering and…
  38. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 38
    Summary
  39. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 39
    May 2011 October Investor 2011 Presentation Investor 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…
  40. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 40
    May 2011 October Investor 2011 Presentation Investor Presentation Corporate Information Corporate Contacts: Chesapeake Headquarters Jeffrey L. Mobley, CFA 6100 N. Western Avenue Senior Vice President Oklahoma City, Cit OK…
  41. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 41
    Appendix
  42. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 42
    May 2011 October Investor 2011 Presentation Investor Presentation Top p 20 U.S. Natural Gas Producers Daily U.S. Natural Gas 2010 Reported Proved U.S. U.S. U.S. U.S. Gas Rigs (1)(2) Production 2Q'11 2Q'11 U.S. Net Natural Gas…
  43. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 43
    May 2011 October Investor 2011 Presentation Investor Presentation Top p 20 U.S. Liquids q Producers Daily U.S. Liquids 2010 Reported Proved U.S . U.S. U.S . U.S. Liquids Rigs (1)(2) Production 2Q'11 2Q'11 U.S. Net Liquids…
  44. OCTOBER 2011 INVESTOR PRESENTATION – Chesapeake Energy Corp – slide 44
    May 2011 October Investor 2011 Presentation Investor Presentation Certain Reserve & Production Information The Securities and Exchange Commission requires natural gas and oil companies, in filings made with the SEC, to disclose…

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