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Scotia Howard Weil Energy Conference – Chesapeake Energy Corp

Chesapeake Energy Corp · Mar 22, 2016 · 18 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. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 1
    HOWARD WEIL CONFERENCE March 22, 2016
  2. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 2
    EARLY 2016 ACCOMPLISHMENTS 2016 700 million in asset divestitures closed or under signed PSA Exceeded previously disclosed 1Q16 target of 200 300mm Line of sight on additional 500 1,000mm in asset divestitures in 2016 Planned 2016…
  3. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 3
    CHESAPEAKES FOCUS IN 2016 WHAT WE PLAN TO DO Reduce capital budget by 50% Maximize Liquidity 10% reduction in LOE/boe 15% reduction in G&A/boe (1) Close on 700mm in signed asset divestitures Optimize Portfolio 500 1,000mm in…
  4. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 4
    2016 CAPITAL ALLOCATION 2016 Capital Budget 2016 program provides attractive return Decreasing capital budget by 57% on incremental capital and optimizes 3.6B commitments 0.4B Cap Int. (1) 0.2B Other Anticipated full access to…
  5. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 5
    ATTRACTIVE ROR FROM INVENTORY PROGRAM Short cycle return on capital 2016 Inventory Program Gross Gross Inventory (1) Investment EUR / well ROR (2) Eagle Ford Shale 145 155 350mm 525 mboe 20% 30% Haynesville Shale (3) 20 30…
  6. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 6
    VAST U.S. ONSHORE ASSET PORTFOLIO SIGNIFICANT VALUE IN DEVELOPED AND UNDEVELOPED ACREAGE Powder River Basin 20 mboe/d net (1) Spud: 0 / TIL: 5 Marcellus Shale 130 mboe/d net (1) Spud: 0-5 / TIL: 20 Utica Shale (2) 148 mboe/d net…
  7. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 7
    RECORD OF CONTINUOUS IMPROVEMENT Production Resilient production 706 despite substantial 648 670 679 605 - 635 (1) reductions in capital 7.8 14.7 expenditures 6.7 3.6 (1) 1.3 - 1.8 Continued improvement 2012 2013 2014…
  8. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 8
    CONTINUOUS IMPROVEMENT IN CAPITAL EFFICIENCY Continually improved Mid-Continent Eagle Ford Shale F&D cost across the portfolio(1) 37% 34% 22 26 18 21 Significant 14 14 15 17 improvements forecasted for 2016 2012 2013 2014…
  9. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 9
    STACKED STRONG IN THE MID-CONTINENT INDUSTRY LEADING MID-CONTINENT PRODUCER Robust economics early in the play delivering top-tier returns with further upside potential (1) Planning 2 3 rigs in 2016 for appraisal and development…
  10. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 10
    STRONG EARLY MERAMEC RESULTS 140,000 Chesapeake Competitor 120,000 Operated (1) Operated (2) 100,000 Cumulative Production, BOE 80,000 60,000 Expansive unconventional experience and strong 40,000 acreage position…
  11. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 11
    EAGLE FORD SHALE ENHANCED ECONOMICS AND EFFICIENCIES Drilling Cycle Time and Total Measured Depth Projected 2016 well cost of 4.2mm 25 17,000 Measured Depth (ft.) 20 16,500 17 Drilling Days High-graded core position held…
  12. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 12
    HAYNESVILLE SHALE CONTINUOUS IMPROVEMENT IN A MATURE ASSET Significant productivity uplift due to CHK Completion Enhancements Increasing Productivity 4,000 Cumulative Production (Mcf) optimized completions 3,500 3,000…
  13. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 13
    THE TRANSFORMATION CONTINUES We are focused on maximizing liquidity, optimizing the portfolio through asset sales, increasing EBITDA through contract negotiations and proactively reducing debt maturities to strengthen the balance…
  14. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 14
    27% REDUCTION IN 2017 MATURING/PUTTABLE DEBT PROACTIVE LIABILITY MANAGEMENT 2,500 Reduced 2017 maturing/puttable 2,211 debt obligations by 594 million 2,000 since 9/30/15 1,617 (1) 1,500 1,168 485mm Total incremental…
  15. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 15
    MATURITY PROFILE (1) PROACTIVE LIABILITY MANAGEMENT 2015 Debt Reduction 861 Liabilities(2) 594 3,064 674 396 824 137 1,617 716 1,104 1,126 878 876 394 500 384 (3) 2 2015 2016 2017 2018 2019 2020 2021 2022…
  16. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 16
    IMPROVING AND REBALANCING MIDSTREAM COMMITMENTS Increase EBITDA by working with partners to rebalance fees for the long-term profitability of all companies Recently executed agreements in the Haynesville, Barnett and Eagle Ford…
  17. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 17
    HEDGING POSITION (1) Natural Gas Oil 2016 2016 55% 67% Swaps 2.84 Swaps 46.51 (1) For calendar year 2016 as of March 18, 2016. HOWARD WEIL CONFERENCE 19
  18. Scotia Howard Weil Energy Conference – Chesapeake Energy Corp – slide 18
    CORPORATE INFORMATION HEADQUARTERS PUBLICLY TRADED SECURITIES CUSIP TICKER 6.25% Senior Notes due 2017 027393390 N/A 6100 N. Western Avenue Oklahoma City, OK 73118 6.50% Senior Notes due 2017 165167BS5 CHK17 WEBSITE: www.chk.com 7.25%…

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