BANK OF AMERICA MERRILL LYNCH 2017 GLOBAL ENERGY CONFERENCE Miami, Florida November 16, 2017
OUR STRATEGY STRONG THROUGH COMMODITY PRICE CYCLES BUSINESS STRATEGIES: Financial Discipline 2018 Priorities Business Development Focused on cash flow neutrality Profitable and Efficient Growth from Captured Resources Retain…
JASON PIGOTT EXECUTIVE VICE PRESIDENT, OPERATIONS & TECHNICAL SERVICES RESPONSIBILITIES: Drilling Completions Infrastructure Services Land Operations Services Supply Chain Information Technology Bank of America…
JOURNEY TO SOLVING THE DATA PUZZLE V O L U M E V E L O C I T Y V A R I E T Y Robotic Remote Frac Field Drilling Processing Monitoring Automation Operations Center Automation Production Marketing Operations Center Oil…
ACCELERATING VALUE ON LOW-VOLUME WELLS MARKETING AND THE FUTURE Mid-Continent opportunity: 88,000 bbls 00110011101011001 Unsold inventory 11001110101100111 11001110101100100 00110011101011001 4.2mm 11001110101100111 Inventory…
Gulf Coast Haynesville Shale Longer laterals creating 3 Rigs / 1 Frac Crew greater value Breakeven 2.50/mcf (1) Refracs improve capital efficiency Bossier resource potential (1) Breakeven is PV10 with oil held flat at 50/bbl…
DELIVERING EXCEPTIONAL PRODUCTIVITY GULF COAST HAYNESVILLE One pad, 133 mmcf/d BSNR 1H 37 mmcf/d, 9,800' lateral, 9/26/2017 TIL BSNR 2H 32 mmcf/d, 9,800' lateral, 9/26/2017 TIL BSNR 3H 35 mmcf/d, 9,800' lateral, 9/28/2017 TIL BSNR 4H…
CHESAPEAKE OWNS THE HAYNESVILLE TECHNOLOGY AND INNOVATION CREATE DIFFERENTIAL PERFORMANCE 30% growth three-rig program over two years Technological Breakthrough Core Development Reservoir modeling, longer laterals, enhanced…
South Texas Oil production growth engine Eagle Ford Shale 5 Rigs / 5 Frac Crews Longer laterals driving value…
TESTING NEW COMPLETIONS DESIGNS SOUTH TEXAS Notable performance Vesper Unit IV DIM H 3H TIL 10/06/2017 16,194' lateral Peak rate 2,350 bo/d, 2,580 boe/d Longer laterals are paying off 60 Vesper Unit IV DIM H 3H Cumulative Oil…
TARGETING TECHNIQUES SOUTH TEXAS Arena Roja / Vesper project utilized staggered targeting Vesper wells steered out of plane with Rogers wells to limit additional frac hits No negative impact on Rogers wells from Vesper…
POSITIVE WELLBORE INCLINATION SOUTH TEXAS Toe-up wells regularly outperform toe-down wells Cumulative Oil Production bbls/ft Data shows immediate 20 Toe Up 16.2 and lasting improvements 15 Toe Down 14.9 13.3 11.7 12.3 in…
COMPLETIONS FLUID ANALYSIS SOUTH TEXAS Company A Public and proprietary 100% data sources used to 80% 60% evaluate completions 40% designs 20% 0% Learning from our results and our peers Company B 100% New designs online…
INNOVATION IN REAL-TIME OPERATIONS SOUTH TEXAS Alert goes out to Ops Center, frac van and engineers Producing Well (30-second updates) Well A experiences a 50 psi increase Pressure ramp slows dramatically Completions Job…
INNOVATION THAT DRIVES RESULTS DRAMATIC IMPROVEMENT IN 60-DAY AVERAGE IP Big Data + Innovation + Ops = Transformational Change Haynesville Eagle Ford 4,500 1,000 4,000 900 3,500 800 TIL IP60 Avg. (boe/d) TIL IP60 Avg.…
Powder River Basin 3 Rigs / 1 Frac Crew…
WHY WE THE PRB ADDITIONAL UPSIDE One of the largest, least-developed 170 mmboe stacked pay opportunities in the country PARKMAN 230 mmboe 10+ prolific, proven formations SUSSEX 150 mmboe 1,800+ mi2 of 3D seismic; 3,100' of…
PUTTING THE PIECES TOGETHER Bank of America Merrill Lynch 2017 Global Energy Conference 19
OUR STRATEGY STRONG THROUGH COMMODITY PRICE CYCLES BUSINESS STRATEGIES: Financial Discipline 2018 Priorities Business Development Focused on cash flow neutrality Profitable and Efficient Growth from Captured Resources Retain…
Appendix Bank of America Merrill Lynch 2017 Global Energy Conference 21
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 6.625% Senior…
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