WEVE MADE SIGNIFICANT PROGRESS DURING LOW COMMODITY PRICES OF 2016 2017 2.8 billion of net proceeds from asset sales Removed or extended more than 3.1 billion in 2017 2019 maturities, less than 450mm remain for this period Barnett…
OPERATIONAL MOMENTUM BUILDING INTO 2018 Results from pushing technology across the portfolio Marcellus McGavin 6H 61 mmcf/d PRB Rankin 1H 2,800 boe/d Equivalent Production and Capex STX Blakeway 2H 3,200 boe/d 800 16.0 14.7 706…
OUR STRATEGY STRONG THROUGH COMMODITY PRICE CYCLES BUSINESS STRATEGIES: Financial Discipline 2H 2017 and 2018 Priorities Business Development Delivering the 2017 plan Profitable and Efficient Growth from Focused on cash flow…
2017 CAPITAL ALLOCATION FLEXIBLE PROGRAM VALUE FOCUSED South Texas Oil production growth engine Eagle Ford Shale 6 Rigs / 4 Frac Crews Longer laterals driving value 175 195 Spuds 155 175 TILS Enhanced completions yielding…
SOUTH TEXAS EAGLE FORD ACCELERATING VALUE WITH LONGER LATERALS South Texas F&D Cost (1) (/boe) Large remaining potential 21 17 Estimated net resources of 2.0 bboe 15 11 9 Oil growth engine 2013 2014 2015 2016 2017E 10%…
SOUTH TEXAS EAGLE FORD MORE VALUE, LESS CAPITAL INTENSITY Blakeway 1 C DIM 2H What we are learning 250 Longer laterals are paying off 200 Cumulative Production (mbo) Enhanced completions with upspacing are leading to improved…
2017 CAPITAL ALLOCATION FLEXIBLE PROGRAM VALUE FOCUSED Powder River Basin 2 Rigs / 1 Frac Crew 25 30 Spuds 28 33 TILS Powder River Basin Hotspot advantage Stacked pay opportunities Significant resource potential…
POWDER RIVER BASIN BUILDING MOMENTUM Moving to development phase Oil growth provided by Net Production Potential Sussex, Turner and Mowry 40 Analyst Day Projection More Turner and Sussex 35 TILs in 2H17 30 25 Third rig in…
POWDER RIVER BASIN SUSSEX Commencing development Sussex Performance(1) Utilizing seismic to delineate fairway CHK Sussex Validate spacing Gross Cumulative Production (mboe) Industry Sussex Continuous drilling…
POWDER RIVER BASIN TURNER Sundquist 9 A TR 13H IP: 2,560 boe/d (78% oil) Near-term activity 1 Turner well to TIL in Q3 2017 3 wells to TIL in Q4 2017 Up to 14 wells in 2018 Rankin 5 A TR 1H IP: 2,886 boe/d Turner 1st well…
2017 CAPITAL ALLOCATION FLEXIBLE PROGRAM VALUE FOCUSED Gulf Coast Haynesville Shale Longer laterals creating 3 Rigs / 2 Frac Crews 30 35 Spuds greater value 32 37 TILS Refracs improve capital efficiency Bossier resource…
HAYNESVILLE DELIVERING EXCEPTIONAL PRODUCTIVITY Haynesville Production(1) 4,500 Delivering monster IPs 4,000 CHK Wells Hunter 1H 38 mmcf/d, 7,500' lateral, 3Q 2017 TIL Gross Cumulative Production (Mmcf) Average Nguyen 1H…
MARCELLUS SHALE ENHANCED COMPLETIONS DELIVERING VALUE Record results 61 mmcf/d McGavin 6H IP: 61 mmcf/d McGavin E WYO 6H, IP30 55 mmcf/d Enhanced completion design TIL 7/28/2017, 10,500' lateral Strong returns 2017E FCF…
UTICA WET GAS PERFORMANCE Enhanced completions 25% improvement in 120-day cumulative End 2Q-3Q Activity production vs. type curve ELLIE Continuing to optimize proppant loading and 8 Well Pad Avg IP/Well 1100 BOED well spacing 65%…
OUR STRATEGY STRONG THROUGH COMMODITY PRICE CYCLES BUSINESS STRATEGIES: Financial Discipline 2H 2017 and 2018 Priorities Business Development Delivering the 2017 plan Profitable and Efficient Growth from Focused on cash flow…
Appendix BARCLAYS ENERGY CONFERENCE 19
HEDGING POSITION Natural Gas Oil NGL Sep Dec 2017 (1) Sep Dec 2017 (1) Sep Dec 2017 (1) 8% Collars 3.25/3.68/mcf 11% NYMEX 80% 59% 72% Swaps 3.12/mcf NYMEX Swaps 50.34/bbl Propane Swaps 0.74/gal 488 bcf of 2018 gas…
CONTINUE TO DELIVER CAPITAL EFFICIENCIES IN A RISING SERVICE COST ENVIRONMENT South Texas Net F&D Cost* Rockies Net F&D Cost* Mid-Continent Net F&D Cost* (/boe) (/boe) (/boe) 21 18 40 39 17 15 15 14 14 15 11 24 9 20 2013…
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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