Disclaimer Forward-Looking Statements This presentation includes forward-looking statements. Forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Statements using words…
Increasing FCF. Enhancing scale. Delivering RSG to premium markets. Returning cash to shareholders. CHK acquires VEI at Pro forma net debt-to-EBITDAX(1) zero premium 0.6x in 2022 using 8% cash, 92% equity Preserving balance sheet…
Building the Dominant Gulf Coast Operator Pro forma company = largest Haynesville producer Haynesville/ Bossier Shale CHK CHK PF Net Acres 225,000 348,000 Held by Production 100% 99% Average Working Interest 80% 83% Gross…
Enhanced Pro Forma GHG Emissions Profile Pro forma GHG emissions intensity(1)(2) Pro forma corporate methane intensity(1)(3) 5.4 kg CO2e/boe 0.11% 2020 CHK: 6.0 kg CO2e/boe 2020 CHK: 0.13% PF Haynesville/Bossier production…
Dominant RSG Supplier to Premium Gulf Coast and Export Markets Combined production of CHK and Facility/Power Plant VEI represents dominant supplier Existing LNG Facility Approved LNG Project of RSG to the Gulf Coast and LNG Gathering…
Cost Savings Create Significant Shareholder Value Operational efficiencies include savings from G&A and LOE Efficiencies reduced G&A and LOE including VEI corporate 20 million workforce synergies Capital efficiencies include…
Accelerating Cash to Shareholders Larger base dividend and new variable dividend as a result of the significant increase in free cash flow Initiated annual base dividend of 1.375/share, annualized, in 2Q21 With this transaction,…
Preliminary Pro Forma 2022 Outlook Updated 2021E Preliminary 2022E Outlook (1) 2022 Projected Multiples (1) 2021E CHK 2021E CHK 2022E CHK 2022E CHK 2022E CHK 2022E CHK Previous 8/10/21 Pro Forma Pro Forma Oil Production (mmbbl)…
Value Drivers Acquisition of Vine Energy Delivers cash flow accretion Leverages in-basin experience, knowledge and scale Aggregates dominant gas supply position adjacent to export markets Adds premium inventory Improves cost…
Appendix
Pro Forma Maturity Profile Pro forma net debt-to-EBITDAX(1) 0.6x in 2022 Preserving balance sheet strength CHK 950 VEI 500 500 150 221(2) 35 2022 2023 2024 2025 2026 2027 2028 2029 Note: As of 6/30/21 (1) A…
Hedging Program Reduces Risk, Protects Returns GAS % HEDGED AVERAGE HEDGED PRICE FY 2022 2023 VEI VEI /mcf 2.55 2.65 CHK Pro Forma CHK /mcf 2.52 2.75 60% PF /mcf 2.53 2.68 50% 45% 23% 11% 6% 2022 2023 Note:…
Non-GAAP Financial Measures This document includes non-GAAP financial measures. Such non-GAAP measures should not be considered as an alternative to, or more meaningful than, GAAP measures. The Companys management believes that these…
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