BUSINESS STRATEGY Our strategy remains unchanged resilient to commodity price volatility Financial discipline Profitable and efficient growth STRATEGIC GOALS from captured resources Exploration Margin enhancement Business…
INVESTING IN OUR HIGHEST-MARGIN OPPORTUNITIES 2019 TIL Schedule(1) 140 120 100 80 Oil 60 Gas 40 20 0 1Q'19 2Q'19 3Q'19 4Q'19E Total Oil Volume (mbo/d)(1) Total Gas + NGL Volume (mboe/d)(1) 140 420 120 360 100…
BRAZOS VALLEY STRATEGIC PORTFOLIO ADDITION Established field net oil production record of 40 mbo/d for the month of October Recognized a 30% improvement in peak rate of oil wells(1) Well cost reduced per lateral foot by…
REDEFINING THE ECONOMICS OF THE PLAY Well Cost per Lateral Foot by Spud Date(1) 2/2019: 50 CHK acquired asset 6 1 ,2 00 1,109 with field rate declining: 1,057 1 ,0 00 37 mbo/d 830 45 8 00 6 00 21% 40 decrease 5 rigs 4 00 5…
OPTIMIZED COMPLETIONS DOING MORE FOR LESS 90,000 15% decrease 80,000 70,000 per lateral foot 60,000 completion costs Cumulative Oil Production (bo) 50,000 40,000 30,000 20,000 10,000 0 0 30 60 90…
EXPANSION CONTINUES PABST 4HE Since transaction close: Treadstone operated; CHK WI 50% Peak Rate: 1,333 bo/d, 181 mcf/d Placed 13 wells to sales 8,622' Lateral TERRY EF UNIT 1H with peak rates 1,000 bo/d (1) SCARPINATO 3H Peak Rate:…
POWDER RIVER BASIN OIL GROWTH ENGINE First Niobrara well drilled since 2014 delivering record results GP&T/boe expected to be reduced by 25% in 2019 Recent Turner four-well pad turned in line for 6mm per well Overview 2019…
RECORD NIOBRARA RESULTS Lebar 25-34-70 USA A NB 23H Highest 80-day Niobrara cumulative oil production in basins history IP of 1,600 bo/d with strong deliverability 9,386' LL well drilled in 27 days Anticipate PRB 2020 drilling…
LEADING IN THE TURNER 20-month cumulative production more than 40% greater than the most active Turner peers Nine isolated wells underperformed Chesapeakes field average Lower reservoir quality Edge of development area, no…
MARCELLUS FOUNDATIONAL ASSET Projected to generate 300mm in free cash flow(1) Ten years of drilling inventory at 1.50 1.75/mcf break-even(2) 35% of 3Q wells had a max IP 60 mmcf/d Overview 2019 Activity(5) 2019 TIL…
MAXIMIZING VALUE, DEFINING CAPITAL EFFICIENCY Capital efficiency drivers: DEREMER 2HC Max IP: 85 mmcf/d Proper spacing (1,200' 1,500') Longer laterals, no performance ANGIE 6HC Max IP: 78 mmcf/d degradation MCGAVIN E WYO 6H…
SOUTH TEXAS FREE CASH FLOW MACHINE Projected to generate 300mm in free cash flow(1) Optimized spacing and completions driving value Multi-zone high-margin oil growth potential Overview 2019 Activity(4) 2019 TIL Schedule(4)…
GULF COAST CONSISTENT PERFORMANCE Projected to generate 150mm in free cash flow(1) Access to premium markets Base optimization yielding significant results Overview 2019 Activity(4) 2019 TIL Schedule(4) 3Q19 Production 694…
MID-CONTINENT GROWTH OPTIONALITY High-grading 2020 and 2021 program Integrating new 3D data and recent appraisal program results Overview 2019 Activity(3) 2019 TIL Schedule(3) 3Q19 Production 22 mboe/d(1) Wells to Turn in Line…
GP&T: IMPROVING OUR CASH MARGIN POWDER RIVER Optimized Fixed Fee October 2017 8.00 MARCELLUS Optimized Fixed Fee (Dry) 7.50 7.35 August 2015 7.00 6.50 5.90 6.40(1) MID-CONTINENT 6.00 Optimized Fixed Fee GULF COAST August 2016…
PRUDENTLY MANAGING OUR MATURITIES 693 million Unsecured Senior Notes Revolving Credit Facility reduction in unsecured senior notes (1) BVL Senior Notes 35 million Reduction in Unsecured Senior Notes savings in annual interest…
HEDGE POSITION CHK + BVL AS OF 10/31/19(1) W E I G H T E D A V E R A G E P R I C E OIL Volume (mmbbl) Hedge % Fixed Call ( per bbl) Put Swaps: 2019 6.8 55% 60.20 2020 15.5 58.60 Collars: 2019 1.5 12% 67.75 58.00 2020 1.8 83.25…
CORPORATE INFORMATION Headquarters Publicly Traded Securities Cusip Ticker 6.625% Senior Notes due 2020 165167CF2 CHK20A 6100 N. Western Avenue Oklahoma City, OK 73118 165167BU0 6.875% Senior Notes due 2020 165167BT3 CHK20 WEBSITE:…
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