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Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp

Chesapeake Energy Corp · Oct 31, 2018 · 12 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. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 1
    ACQUISITION OF WILDHORSE RESOURCE DEVELOPMENT CORPORATION October 30, 2018
  2. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 2
    ACCELERATES CHESAPEAKES STRATEGIC PLAN Acquisition of WildHorse Margin Enhancement Increases margins from high-value oil production Free Cash Flow Accelerates transition to positive free cash flow Long Term Net Debt /…
  3. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 3
    TRANSACTION OVERVIEW 3.977 billion transaction value At the election of WildHorse shareholders, 5.989 shares of Chesapeake common Consideration stock per WildHorse share of common stock or 5.336 shares of Chesapeake common stock…
  4. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 4
    STRATEGIC PORTFOLIO ADDITION POSITIONS CHK FOR ADDITIONAL VALUE CREATION ACREAGE POSITION Adds significant premier Eagle Ford asset at an attractive valuation Accelerates cash flow generation with profitable oil growth…
  5. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 5
    ACCELERATING VALUE, (1) DELIVERING ON OUR PROMISES 170 160165 30 130 125130 Enhances Improves 19 25 80 oil mix percentage bbls/d % oil oil production approximately approximately 2x by 2020 CHK18E(2) PF19E PF20E…
  6. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 6
    COST SAVINGS CREATE SIGNIFICANT SHAREHOLDER VALUE ANNUAL SAVINGS Operational Efficiencies 50 80 million Capital Efficiencies 150 200 million Total 200 280 million Five Year Total Savings(1) 1.0 1.5 1.0 1.5 billion billion…
  7. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 7
    OPPORTUNITIES TO CAPTURE ADDITIONAL MARKETING SYNERGIES Significant synergies available by leveraging Chesapeakes existing crude transportation options Cooks Point Terminal Large, contiguous Eagle Ford oil position Abundant…
  8. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 8
    CREATING AN EAGLE FORD POWERHOUSE ACREAGE POSITION Well understood geology similar to existing CHK position WildHorse Leasehold B CHK Leasehold High on the learning curve Eagle Ford Play Learnings from more than 2,000 Eagle Ford…
  9. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 9
    THE CHESAPEAKE ADVANTAGE (1) Eagle Ford Lateral Length (mean) Operations Support Center 12,000 10,000 Reservoir Technology Center 8,000 6,000 Drilling and completion leadership 4,000 2,000 Eagle Ford wells to date 2,000…
  10. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 10
    CHK TODAY: DIVERSE & STRONG PORTFOLIO CORE POSITIONS ACROSS MULTIPLE BASINS Powder River Basin: Oil-growth Engine Marcellus: Leading the Industry Oil production will more than double in 2019 Generating 350 million in free cash…
  11. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 11
    ACQUISITION CREATES PREMIER DIVERSIFIED INDEPENDENT WITH SIGNIFICANT HIGH-MARGIN OIL-GROWTH RUNWAY Targeting 80%+ of future drilling and completion activity focused on high-margin oil-growth assets High-margin Oil-growth…
  12. Acquisition of Wildhorse Resource Development – Chesapeake Energy Corp – slide 12
    ACCELERATES CHKS STRATEGIC AND FINANCIAL PLAN Adds significant premier Eagle Ford asset at attractive valuation Increases cash flow generation with profitable oil growth Materially improves margins and financial profile…

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