Skip to main content GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp Investor Presentation | Shale Experts
Loading...
Pm

GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp

Chesapeake Energy Corp · Jun 23, 2015 · 26 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. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 1
    6TH ANNUAL GLOBAL HUNTER 100 CONFERENCE June 23, 2015 1 I Global Hunter Conference 6/23/2015
  2. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 2
    COMMITTED TO CREATING VALUE CHK Strong liquidity Industry-leading LOE Superior capital efficiency Talented people High-quality assets 3 I Global Hunter Conference 6/23/2015
  3. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 3
    UTICA INDUSTRY-LEADING PERFORMANCE Drilling Performance Completion Performance 30 1,200 Drill Days Penetration Rate 25 1,000 41 Lateral Length per Well Stages per Well 20 800 Drill Days 29 Ft / Day 15 600 10 400…
  4. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 4
    UTICA IMPROVING PERFORMANCE LEADS TO CORE EXPANSION Columbiana County Well Results Optimized completions 2,000 Early Wells 1,800 Enhanced geologic interpretation 1,600 3 Wells New Wells Expected Type Curve 1,400 Targeting…
  5. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 5
    POWDER RIVER SUSSEX PERFORMANCE Sussex Drilled Wells Peak 24-Hour Rates 14 days Recent spud to rig release record Jul 2014 TIL 3.2mm drilling cost (1 mm savings) Peak 1,000 boe/d (88% Oil) Feb 2014 TIL Peak 1,420 boe/d (75%…
  6. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 6
    NORTHERN MARCELLUS DRILLING PERFORMANCE Drill Days Ft per Day Extensive use of Operations Support 30 1,500 Center to reduce trouble time 25 1,250 26 25 Improvement in all segments leading 20 1,000 Ft. / Day Days to…
  7. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 7
    NORTHERN MARCELLUS ENHANCED COMPLETIONS LEADING TO BETTER RESULTS ROR Comparison vs. Realized Gas Price 100 2015 +20% 90 80 EUR Improvement 2013 70 Rate of Return (%) 60 2011 50 40 30% ROR price threshold has 10,750 been…
  8. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 8
    EAGLE FORD SPACING TEST RESULTS 50 Southern Wet Gas Area Cumulative Oil (mbo) No appreciable production impact from 660' Spacing reduced spacing 25 500' Spacing Increased drillable locations by 600 700 120 Incremental…
  9. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 9
    HAYNESVILLE NEW STIMULATION TECHNIQUES DRIVE PERFORMANCE Enhanced stimulations have expanded the core of the play Extending production peaks Greater than a 25% increase in EUR Expands developable area by 90,000 net acres to a total…
  10. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 10
    MISSISSIPPIAN LIME LEADING THE INDUSTRY 45% capital reduction projected from 2012 to 2015 2015 development program generates 39% ROR at 2.5 mm(1) Capital efficiency improvements and field delineation program continue to generate…
  11. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 11
    NORTHERN MID-CONTINENT MERAMEC POTENTIAL High quality legacy position 74,000 net acres with stacked pay 91% of acreage is held by production 1723 BOEPD IP Oil (85% Oil) 1374 BOEPD IP 147 potentially operated sections Gas &…
  12. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 12
    REDUCED ACTIVITY LEVELS 2015E 2015E YE 2015 Avg.Op Rigs Avg.Op Rigs Op. Rigs (2/25 Outlook) (3/23 Outlook) (3/23 Outlook) Eagle Ford 12 14 8 10 24 Utica 35 35 23 Haynesville 78 56 24 PRB: Niobrara & Upper Cretaceous 34 23 12…
  13. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 13
    LOWER 2015 CAPEX AND ACTIVITY D&C Capex and Rig Count Completion Activity 1.4 60 300 18 1.2 16 50 250 14 1.0 in billions Frac Crews 40 200 12 Well Count 0.8 10 30 150 0.6 8 20 100 6 0.4 4 0.2 10 50 2 0.0 - 0…
  14. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 14
    EAGLE FORD LOW-COST VALUE GENERATION 1Q15 operational updates 600 700 incremental wells added to undrilled inventory following successful down spacing tests First 5 wells with 10,000+ laterals drilled in 1Q15 7% sequential…
  15. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 15
    EAGLE FORD DRIVING CAPITAL EFFICIENCY WITH LONGER LATERALS Field development planning focused on prioritizing longer lateral wells Successfully drilled five wells with laterals 10,000 in 1Q15 One 10,000 lateral well pays out twice…
  16. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 16
    MISSISSIPPIAN LIME IMPROVED KNOWLEDGE DRIVES PERFORMANCE 500 2012 20% Increase in EUR over two years 400 2013 Daily Production (boe/d) 2014 300 200 Significant well performance improvement over the last 100 three…
  17. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 17
    MISSISSIPPIAN LIME CONSISTENTLY OUTPERFORMING EXPECTATIONS 1Q15 operational updates 11% sequential production increase to 32 mboe/d net Currently running three rigs & one completion crew 48 wells brought online in 1Q15 had…
  18. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 18
    ENHANCING OUR BASE PRODUCTION IMPROVED RECOVERY FROM OUR ASSETS Abundant opportunities within Chesapeake 4,600 under-stimulated legacy wells Re-stimulating the Barnett Early field completions were small 1,100+ potential re-frac…
  19. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 19
    HAYNESVILLE STRATEGIC DEVELOPMENT DRIVES VALUE CREATION 1Q15 operational updates Two 7,500 lateral tests flowing an average of 17 mmcf/d Doubled commercial Haynesville area Commercialization of the Bossier Shale 4% sequential…
  20. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 20
    HAYNESVILLE NEW WELL DESIGNS ARE EXPANDING THE PLAY Increased lateral lengths and enhanced stimulations have expanded the core of the play EUR expected to increase 200% Expected 42% reduction in cost per lateral foot 50%…
  21. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 21
    HAYNESVILLE BREAKING THROUGH DEVELOPMENT BARRIERS 7,500 lateral test results Wells located in traditional 6 8 bcf contour interval Production test exceeds offsets by more than 8 mmcf/d 8.2mm Field estimated D&C cost 24 I…
  22. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 22
    BOSSIER SHALE CREATING VALUE IN ALL PRODUCTIVE FORMATIONS Capital efficiencies and enhanced Cumulative Well Count 4,500 ft 422 completion techniques open play for 7,500 ft development 10,000 ft 285 Low existing well count allows…
  23. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 23
    POWDER RIVER NIOBRARA COMPLETION PERFORMANCE 20% EUR improvement driven by enhanced completions Averaged lateral length of 5,425 in 2014 Niobrara Type Curve (+7% vs. 2013) 1,400 700 2014 Program Daily Avg. Rate Averaged 20 frac…
  24. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 24
    NORTHERN MID-CONTINENT OKLAHOMA OIL GROWTH OPPORTUNITIES Formation Only 33% (365M acres) of Chesapeakes acreage is assigned to Miss Lime 1.1 million Total Net Acres Acres Stacked plays with proven strong Horizontal…
  25. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 25
    CAPTURING MORE FOR LESS NORTHERN DIVISION Utica: 53% Improvement Marcellus North: 39% Improvement Powder River: 46% Improvement Note: Capex / EUR is defined as net drilling and completion (D&C) costs per well divided by net…
  26. GLOBAL HUNTER 100 CONFERENCE – Chesapeake Energy Corp – slide 26
    CAPTURING MORE FOR LESS SOUTHERN DIVISION Haynesville: 67% Improvement Eagle Ford: 38% Improvement Mississippian Lime: 47% Improvement Note: Capex / EUR is defined as net drilling and completion (D&C) costs per well divided…

From the store

Browse maps, data & reports in the Shale Experts store