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Q4 2019 Earnings Presentation – Chesapeake Energy Corp

Chesapeake Energy Corp · Feb 26, 2020 · 14 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. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 1
    4Q 2019 EARNINGS February 26, 2020
  2. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 2
    BUSINESS STRATEGY Remains Unchanged, Resilient to Commodity Price Volatility Financial discipline Profitable and efficient growth from captured resources STRATEGIC GOALS Exploration Business development Margin enhancement Free…
  3. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 3
    BUILDING THE FOUNDATION FOR FREE CASH FLOW 2019 ACCOMPLISHMENTS Grew oil production Increased adjusted EBITDAX Principal debt removed in debt exchange 30% yoy margin per boe 14% yoy 900mm in 4Q19 Total production mix Reduced…
  4. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 4
    DIVERSE AND STRONG PORTFOLIO Core Positions Across Multiple Basins 4Q19 DAILY NET PRODUCTION POWDER RIVER BASIN: Stacked Oil Pay MARCELLUS: Free Cash Flow Machine 477 mboe MID-CONTINENT: Oil Growth Optionality (1) 2020 RIG…
  5. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 5
    SOUTH TEXAS Foundational Asset Generated over 300mm in free cash flow in 2019(1) Base optimization efforts yielded 1.8mm additional barrels of oil in 2019 10% reduction in D&C capex per well year over year (3) (3) OVERVIEW…
  6. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 6
    BRAZOS VALLEY Oil Growth Backbone Established field net oil production record of 56,000 boe/d including 40,000 bo/d in 4Q Recognized 35% year over year improvement in peak oil rates(1) Realized 250mm in cost savings and revenue…
  7. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 7
    POWDER RIVER BASIN Stacked Oil Pay Averaged 21,000 bo/d in December 2019 Four Niobrara wells turned to sales averaging 24-hour peak production rates of 2,000 boe/d (1,200 bo/d) GP&T declined 23% in 2019 and is expected to…
  8. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 8
    MID-CONTINENT Oil Growth Optionality Generated over 20mm in free cash flow in 2019(1) High-grading 2020 and 2021 program Integrating new 3D data and recent appraisal program results (3) (3) OVERVIEW 2020 ACTIVITY 2020…
  9. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 9
    MARCELLUS Free Cash Flow Machine Generated 320mm in free cash flow in 2019(1) 10 years of drilling inventory at 1.50 1.75/mcf break-even(2) Set daily gross field production record of 2.67 bcf/d in November 2019 (4) (4)…
  10. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 10
    GULF COAST Gas Growth Optionality Generated 150mm in free cash flow in 2019(1) Access to premium markets Base optimization yielding significant results (3) (3) OVERVIEW 2020 ACTIVITY 2020 PRODUCTION MIX 4Q19 Production 605…
  11. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 11
    FUELING A RESPONSIBLE ENERGY FUTURE Focused on ESG Excellence Leading Emissions Management Reported 2018 methane loss rate of 0.14% well below Oil and Gas Climate Initiative Environmental target…
  12. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 12
    HEDGE POSITION As of 2/26/2020 W E I G H T E D A V E R A G E P R I C E Volume Call Put OIL Hedged % Fixed Put Sold 2020 BASIS HEDGES (mmbbl) ( per bbl) Bought Swaps: Argus 8.4 mmbbls Houston vs 2020 30.3 72% 59.59 2.49 / bbl…
  13. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 13
    PRUDENTLY MANAGING OUR MATURITIES CHK Unsecured CHK Convertibles BVL Unsecured CHK Term Loan SEPT. 30, 2019 CHK 2nd Lien CHK Credit Facility BVL Credit Facility 1,064 618 1,504 900 1,245 1,319 1,090 850 mm 302 293…
  14. Q4 2019 Earnings Presentation – Chesapeake Energy Corp – slide 14
    CORPORATE INFORMATION HEADQUARTERS PUBLICLY TRADED SECURITIES CUSIP TICKER 6.625% Senior Notes due 2020 165167CF2 CHK20A 6100 N. Western Avenue 165167BU0 Oklahoma City, OK 73118 6.875% Senior Notes due 2020 165167BT3 CHK20 WEBSITE:…

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