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4Q 2018 EARNINGS – Chesapeake Energy Corp

Chesapeake Energy Corp · Feb 27, 2019 · 16 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. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 1
    4Q 2018 EARNINGS February 27, 2019
  2. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 2
    BUSINESS STRATEGIES Our strategy remains unchanged resilient to commodity price volatility Financial discipline Profitable and efficient growth STRATEGIC GOALS from captured resources Exploration Margin enhancement Business…
  3. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 3
    ACCELERATING CHESAPEAKES STRATEGIC PRIORITIES IN 2018 2018 ACCOMPLISHMENTS Generated highest margins since 2014 Margin Optimized portfolio by divesting lower-margin Utica asset and acquiring Enhancement higher-margin oil growth…
  4. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 4
    INVESTING IN OUR HIGHEST-MARGIN OPPORTUNITIES High-margin Oil-growth Assets(1) 2019 TIL Schedule 140 High-margin Oil-growth Assets South Texas 105 mboe/d 120 Cash-generating Gas Assets Brazos Valley 52 mboe/d Growth Optionality…
  5. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 5
    CHK TODAY: DIVERSE & STRONG PORTFOLIO CORE POSITIONS ACROSS MULTIPLE BASINS Powder River Basin: Oil Growth Engine Marcellus: Foundational Asset Mid-Continent: Growth Optionality 4Q18 DAILY PRODUCTION 419 mboe (1) Gulf…
  6. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 6
    MARCELLUS FOUNDATIONAL ASSET Significant free cash flow with minimal capital investment Long laterals and optimal spacing driving value and expanding core January 2019 production record of 2.5 bcf/d Overview 2019 Activity(2)…
  7. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 7
    BRAZOS VALLEY STRATEGIC PORTFOLIO ADDITION Premier high-margin oil growth platform Significant opportunity to reduce cost and accelerate value Additional opportunity in Austin Chalk Overview 2019 Activity(2) 2019 TIL…
  8. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 8
    POWDER RIVER BASIN OIL GROWTH ENGINE Industry-leading production results Project 100% YOY oil growth in 2019 Turner focused program in 2019 Overview 2019 Activity(2) 2019 TIL Schedule Current Production 31 mboe/d Wells to…
  9. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 9
    SOUTH TEXAS FREE CASH FLOW MACHINE Best-in-class operations Driving free cash flow High-margin multi-zone growth potential Overview 2019 Activity(2) 2019 TIL Schedule Current Production 105 mboe/d Wells to Turn in Line 125…
  10. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 10
    GULF COAST CONSISTENT PERFORMANCE Access to premium markets Base optimization yielding significant results Expansive inventory Overview 2019 Activity(2) 2019 TIL Schedule Current Production 121 mboe/d Wells to Turn in Line 24…
  11. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 11
    MID-CONTINENT GROWTH OPTIONALITY Efficient oil volumes Appraising liquids-rich stacked opportunities Well-positioned acreage Overview 2019 Activity(2) 2019 TIL Schedule Current Production 25 mboe/d Wells to Turn in Line 25…
  12. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 12
    APPENDIX 4Q 2018 Earnings 13
  13. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 13
    HEDGING POSITION AS OF 2/22/19 (1) Weighted Average Price OIL Volume (mmbbl) Fixed Call ( per bbl) Put Swaps: 2019 16.7 57.16 2020 6.7 58.28 Collars: 2019 5.8 67.75 58.00 2020 1.8 83.25 65.00 Puts: 2019 1.7 53.83 Total 2019…
  14. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 14
    BASIS HEDGES AS OF 12/31/18 CIG 2019: 11 bcf (0.89) / mcf Argus LLS vs Argus WTI 2019: 4.0 mmbbls 6.20 / bbl HSC 2019: 22.5 bcf 0.03 / mcf Argus Houston vs Argus WTI 2019: 2.9 mmbbls 5.75 / bbl 4Q 2018 Earnings 15
  15. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 15
    DEBT MATURITY PROFILE AS OF 12/31/18 (1) 8.4 billion 6.7% 1.1 billion Senior Notes WACD 419 million CHK RCF 675 million BVL RCF Convertibles 2,500 Unsecured BVL Unsecured Revolving Credit Facility 2,000 700 1,500 400…
  16. 4Q 2018 EARNINGS – Chesapeake Energy Corp – slide 16
    CORPORATE INFORMATION Headquarters Publicly Traded Securities Cusip Ticker 3mL + 3.25% Senior Notes due 2019 165167CM7 CHK19 6100 N. Western Avenue 6.625% Senior Notes due 2020 165167CF2 CHK20A Oklahoma City, OK 73118 WEBSITE:…

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