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Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp

Chesapeake Energy Corp · Mar 28, 2017 · 20 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 45th Annual Energy Conference – Chesapeake Energy Corp – slide 1
    2017 SCOTIA HOWARD WEIL ENERGY CONFERENCE March 28, 2017
  2. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 2
    OUR STRATEGY RELEVANT THROUGH COMMODITY PRICE CYCLES Financial Discipline Profitable and Efficient Growth from Captured Resources Business Development Exploration Near term focus What we are doing now Increased return on capital…
  3. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 3
    2017 CAPITAL ALLOCATION FLEXIBLE PROGRAM VALUE FOCUSED Powder River Basin Marcellus Shale 35 45/bbl breakeven 2.00/mcf breakeven 2 Rigs / 1 Frac Crew 1 Rig / 1 Frac Crew 2017 D&C Asset Funding Utica Shale 2.15/mcf breakeven…
  4. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 4
    POWDER RIVER BASIN TURNER SANDSTONE EXCEPTIONAL FIRST WELL 2,325 boe/d (78% oil) TIL 3/16/2017 7,100' lateral Teapot What we have confirmed Parkman E, A, B/C & Deep Great rock quality, higher pressure Surrey Control of…
  5. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 5
    POWDER RIVER BASIN SUSSEX PRODUCTION ACCELERATION Moving to development Active in 2017 drilling 15 25 wells with 15 25 TILs including 3 DUCs Teapot Best Sussex in the PRB Parkman 150+ locations E, A, B/C & Deep Assumes…
  6. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 6
    POWDER RIVER BASIN 2 RIGS AND OPTION TO ACCELERATE Upcoming More Turner results coming Second Turner completion Teapot underway Parkman E, A, B/C & Deep First Parkman result in May Completion underway Surrey Mowry results…
  7. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 7
    POWDER RIVER BASIN OFF TO A GREAT START 2.7 bboe Of resource potential 2,600 risked locations Teapot 175 mmboe resource base Parkman 200+ undrilled locations 90% undeveloped E, A, B/C & Deep Average 80% working interest…
  8. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 8
    OSWEGO UPDATE LOW-COST, HIGH RETURN OIL GROWTH 40 MILES Hasty 3-18-6 1H Lightle 4-18-6 1H Hill 2-18-6 1H IP 30 = 1,462 boe/d, 88% oil IP 30 = 1,033 boe/d, 87% oil IP 30 = 1,223 boe/d, 86% oil 80% ROR at 50 oil (1) 3.2MM/well…
  9. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 9
    MID-CONTINENT PORTFOLIO UPDATE OPTIMIZING OUR POSITION FOR MAXIMUM VALUE Schoeppel 1H Develop Meramec (St. Genevieve) TIL 40 50 Wedge wells in 2017 IP 30 = 977 boe/d, 50% oil Drill spacing tests Drill extended laterals…
  10. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 10
    GULF COAST TECHNOLOGY DRIVING RENAISSANCE Six J 1H, GLD 1H Continuing to deliver CA 1H monster IPs ROTC 1H GLD 1H 42 mmcf/d, 8,200' lateral, 1Q 2017 TIL Six J 1H 35 mmcf/d, 10,000' lateral, 1Q 2017 TIL ROTC 1H 40 mmcf/d,…
  11. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 11
    EAGLE FORD UNDRILLED ACREAGE, POSITIONED FOR GROWTH 260,000 Net Acres in Eagle Ford 99% HBP/HBO 5 6 rigs Active in 2017 drilling 175 195 wells with 155 175 TILs 3,200+ locations Lower Eagle Ford standard spacing…
  12. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 12
    EAGLE FORD LONG LATERAL DEVELOPMENT REDUCES PAYOUT 45% COMPARED TO STANDARD LATERALS 2017 1 - Central 2016 2013 - 2015 East 35 NORMALIZED AVG. CUM OIL Avg LL: 12,600 IP30: 1,346 BOE/D 30 94% Oil 25 (MBO/MM) 20 2 15 1…
  13. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 13
    APPALACHIA: ONE BASIN, TWO OUTSTANDING ASSETS MARCELLUS & UTICA SHALES FREE CASH FLOW GROWTH 2016 2018 Projected Free Cash Flow and Production (1) 600 (Excluding Hedges) 400 350 500 Net production (mmboe) 300 400 250…
  14. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 14
    CHESAPEAKE OPERATING PERFORMANCE RELENTLESS FOCUS ON COST MANAGEMENT 2016 Production Expense (1) 25.00 3.05/boe 2016 production expense 20.00 15.00 Base production optimization /boe 10.00 Supply chain synergies…
  15. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 15
    CHESAPEAKE CAPITAL EFFICIENCY RELENTLESS FOCUS ON CAPITAL DEPLOYED 2016 Proved F&D Costs (1) 2016 Proved F&D Costs (1) 6 mcf to 1 boe 15 mcf to 1 boe 60.00 70.00 50.00 60.00 50.00 40.00 40.00 /boe /boe 30.00 30.00…
  16. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 16
    Investment Thesis Resilient, strong, diverse portfolio Balance sheet and liquidity improvement Oil growth on track from PRB, Mid-Con and Eagle Ford Industry-leading operating performance and capital efficiency HOWARD WEIL…
  17. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 17
    OPTIMIZING DOWNSTREAM COMMITMENTS Optimizing commitments to further increase EBITDA Reducing commitments 7 billion reduction GP&T Commitments ( billion) In midstream and marketing YE14 YE15 YE16 YE17 commitments since 2014 16.0…
  18. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 18
    DEBT MATURITY PROFILE Pro forma tender results, OMRs, 6.25% Euro note maturity and 6.50% 2017 redemption HOWARD WEIL ENERGY CONFERENCE 20
  19. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 19
    HEDGING POSITION Natural Gas Oil NGL 2017 (1) 2017 (1) 2017 (1) 3% 7% 3.00/3.48/mcf Collars NYMEX 71% 68% 68% Swaps 3.07/mcf NYMEX Swaps 50.19/bbl Ethane Swaps 0.28/gal 120 bcf hedged in 2018 with swaps at an…
  20. Scotia Howard Weil 45th Annual Energy Conference – Chesapeake Energy Corp – slide 20
    CORPORATE INFORMATION HEADQUARTERS PUBLICLY TRADED SECURITIES CUSIP TICKER 7.25% Senior Notes due 2018 165167CC9 CHK18A 6100 N. Western Avenue 3mL + 3.25% Senior Notes due 2019 165167CM7 CHK19 Oklahoma City, OK 73118 WEBSITE:…

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