GOLDMAN SACHS HOUSTON CREDIT INVESTOR TOUR April 12, 2017
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…
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…
POWDER RIVER BASIN TWO RIGS AND OPTION TO ACCELERATE 2,325 boe/d (78% oil) TIL 3/16/2017 7,100' lateral Teapot More Turner results coming Parkman Second Turner completion E, A, B/C & Deep underway Surrey First Parkman…
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…
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,…
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…
APPALACHIA: ONE BASIN, TWO OUTSTANDING ASSETS MARCELLUS & UTICA SHALES FREE CASH FLOW GROWTH (1) 2016 2018 Projected Free Cash Flow and Production 600 (Excluding Hedges) 400 350 500 Net production (mmboe) 300 400 250…
HEDGING POSITION Natural Gas Oil NGL FY 2017 (1) FY 2017 (1) FY 2017 (1) 3% 7% 3.00/3.48/mcf Collars NYMEX 73% 68% 70% Swaps 3.08/mcf NYMEX Swaps 50.19/bbl Ethane Swaps 0.28/gal 191 bcf hedged in 2018 with swaps…
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…
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…
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 GOLDMAN SACHS…
GOLDMAN SACHS HOUSTON CREDIT INVESTOR TOUR 15
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…
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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