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2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp

Chesapeake Energy Corp · May 10, 2017 · 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. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 1
    2017 CITI GLOBAL ENERGY AND UTILITIES CONFERENCE May 10, 2017
  2. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 2
    OUR STRATEGY RELEVANT THROUGH COMMODITY PRICE CYCLES BUSINESS STRATEGIES: Financial Discipline Near-term focus What we are doing now Business Development Margin growth focus on oil growth, cost leadership Profitable and Efficient…
  3. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 3
    2017 CAPITAL ALLOCATION FLEXIBLE PROGRAM VALUE FOCUSED Powder River Basin 2 Rigs / 1 Frac Crew Marcellus Shale D&C Asset Funding: 10% 1 Rig / 1 Frac Crew D&C Asset Funding: 5% Mid-Continent 4 Rigs / 2 Frac Crews Utica Shale 2…
  4. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 4
    CHESAPEAKE UNLOCKING OUR POTENTIAL Progress to date in 2017 PRB Revving up, exceptional first Turner result, more to come South Texas Longer laterals and enhanced completions Mid-Continent Maximizing our position through…
  5. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 5
    POWDER RIVER BASIN TURNER UPDATE EXCEPTIONAL FIRST WELL, MORE RESULTS TO COME Turner 1st well Turner 2nd well 10 wells TIL 3/16/2017 7,100' lateral TIL Mid-May/2017 4,500' lateral Up to 10 wells in 2017 Peak rate 2,560 boe/d (78%…
  6. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 6
    POWDER RIVER BASIN PROVING THE STACKED PAY POTENTIAL 2017 Pending Tests Additional Turner results Net Production Potential Option to add a rig to focus on 40 Current Prod Oil NGL Natural Gas Turner development exclusively 35…
  7. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 7
    POWDER RIVER BASIN WHY THE POWDER RIVER BASIN MATTERS 2.7 bboe Of resource potential 2,600 risked locations Parkman 175 mmboe resource base 200+ undrilled locations Sussex Average 80% W.I. 150 mmboe resource base 150+…
  8. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 8
    SOUTH TEXAS UPDATE DRIVING CONTINUOUS IMPROVEMENT Blakeway 1 C DIM 2H Notable performance 80 Blakeway 1C DIM 2H TIL 3/22/2017 9,833' lateral Average cumulative oil mbo 60 Peak rate 3,184 boe/d (88% oil) 2,025 boe/d 30-day…
  9. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 9
    MID-CONTINENT UPDATE OPTIMIZING OUR POSITION FOR MAXIMUM VALUE Develop Willamette 1H 1st extended-lateral well Schoeppel 1H TIL 4/20/2017 Meramec silt Meramec (St. Genevieve) IP 30 = 983 boe/d, 46% oil (Saint Genevieve) Peak…
  10. 2017 Citi Global Energy and Utilities 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. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 11
    MARCELLUS THE PREMIER DOMESTIC GAS BASIN Marcellus Net Operated Free Cash Flow (mm) 350 300 2017 FCF 275mm 250 200 Currently producing at transportation 150 capacity 100 50 0 Actual 2016 Actual 2017 YTD Forecast 2017…
  12. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 12
    CHESAPEAKE UNLOCKING OUR POTENTIAL Doing more in 2H 2017 PRB Turner and Parkman results, 9 12 Sussex wells, Mowry tests South Texas Upper Eagle Ford test, Austin Chalk test, more enhanced completions Gulf Coast 5 Haynesville…
  13. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 13
    UNRECOGNIZED VALUE, UNLOCKED POTENTIAL Investment Thesis Resilient, strong, diverse portfolio PRB Stacked oil growth opportunities Eagle Ford Ebitda engine Mid-Continent Emerging Wedge play Haynesville Improved cash cycle time…
  14. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 14
    2017 CITI GLOBAL ENERGY AND UTILITIES CONFERENCE 15
  15. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 15
    CHESAPEAKE OPERATING PERFORMANCE RELENTLESS FOCUS ON COST MANAGEMENT 2016 Production Expense (1) 25.00 2.50 2.70/boe 2017 production expense guidance 20.00 15% improvement YOY 15.00 3.05/boe /boe 2016 production…
  16. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 16
    HEDGING POSITION Natural Gas Oil NGL AprDec 2017 (1) AprDec 2017 (1) AprDec 2017 (1) 4% 4% Collars 3.25/3.68/mcf NYMEX 75% 64% 71% Swaps 3.04/mcf NYMEX Swaps 50.25/bbl Ethane Swaps 0.28/gal 191 bcf hedged in 2018…
  17. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 17
    DEBT MATURITY PROFILE 3,500 3,000 451 2,500 2,000 820 1,500 2,419 1,000 1,500 1,250 500 1,000 854 55 380 338 15 0 2017 2018 2019 2020 2021 2022 2023 2025 2026 1.5L TL 2L Unsecured 2017 CITI GLOBAL ENERGY…
  18. 2017 Citi Global Energy and Utilities Conference – Chesapeake Energy Corp – slide 18
    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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