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Investor Presentation – Chesapeake Energy Corp

Chesapeake Energy Corp · May 31, 2012 · 30 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. Investor Presentation – Chesapeake Energy Corp – slide 1
    May 2012 Investor Presentation MAY 2012 INVESTOR PRESENTATION
  2. Investor Presentation – Chesapeake Energy Corp – slide 2
    May 2012 Investor Presentation ESCAPING GRAVITATIONAL PULL OF WEAK NG PRICES NOT EASY, BUT WE WILL DO IT 150 CHK NYMEX Natural Gas(1) (1) NYMEX Oil Dow Jones Index 120 DJIA Oil Normalized 90 60 CHK Natural Source:…
  3. Investor Presentation – Chesapeake Energy Corp – slide 3
    May 2012 Investor Presentation LIQUIDS GROWTH WILL PROVIDE THE LIFTOFF CHK has 2nd best liquids production growth story in the U.S., and one of the best in the world 30,000 bbls/d in 4Q09 to 114,000 bbls/day in 1Q 12, increase of…
  4. Investor Presentation – Chesapeake Energy Corp – slide 4
    May 2012 Investor Presentation AGGRESSIVELY SHIFTING CAPITAL TO LIQUIDS-RICH PLAYS Total Dry Gas Capex Total Liquids Capex During 2011, CHK substantially reduced 100% 8% % of CHK Operated Drilling and Completion Capex…
  5. Investor Presentation – Chesapeake Energy Corp – slide 5
    May 2012 Investor Presentation 2013E E&P CAPEX PROFILE (1) E&P Capex by Play E&P Capex Allocation 4,500 4,000 3,500 3,000 ( in mm) 2,500 2,000 1,500 1,000 500 0 Estimated Operated Operated Non-Operated…
  6. Investor Presentation – Chesapeake Energy Corp – slide 6
    May 2012 Investor Presentation CHKS PROJECTED FUTURE GROWTH IS 100% LIQUIDS 800,000 40% NGL Oil 700,000 Associated natural gas from liquids plays 150,000 bbls/d average in 2013 Natural gas from shale plays 115,000 bbls/d average…
  7. Investor Presentation – Chesapeake Energy Corp – slide 7
    May 2012 Investor Presentation CHK OWNS THE BEST COLLECTION OF E&P ASSETS IN THE U.S.
  8. Investor Presentation – Chesapeake Energy Corp – slide 8
    May 2012 Investor Presentation marcellus utica haynesville eagle ford andarko basin powder river basin anadarko basin mississippi lime mississippian lime CHKS OPERATING AREAS Low-risk, U.S. onshore asset base; not exposed to…
  9. Investor Presentation – Chesapeake Energy Corp – slide 9
    May 2012 Investor Presentation BEST COLLECTION OF E&P ASSETS IN THE U.S. During past seven years of Unconventional Resource Revolution in the U.S., CHK captured Americas largest natural gas and liquids resource base 19.8 tcfe, or…
  10. Investor Presentation – Chesapeake Energy Corp – slide 10
    May 2012 Investor Presentation EAGLE FORD SHALE OVERVIEW CHK is the second-largest leasehold owner in the play with 475,000 net acres CHK has allocated 30% and 40% of 2012 and 2013 drilling budgets, respectively YTD gross…
  11. Investor Presentation – Chesapeake Energy Corp – slide 11
    May 2012 Investor Presentation MISSISSIPPI LIME OVERVIEW CHK Leasehold Operated Rigs CHK is largest leasehold owner in the play with 2.0 Non-operated Rigs Industry Rigs mm net acres Production for 1Q12 averaged 12,800 boe/d,…
  12. Investor Presentation – Chesapeake Energy Corp – slide 12
    May 2012 Investor Presentation UTICA SHALE OVERVIEW CHK Leasehold Operated Rigs CHKU Outline CHK/TOT JV CHK is largest leasehold owner in the play with 1.3 Outline Non-operated Rigs Industry Rigs mm net acres Oil Window…
  13. Investor Presentation – Chesapeake Energy Corp – slide 13
    May 2012 Investor Presentation CLEVELAND AND TONKAWA OVERVIEW Tonkawa Cleveland CHK Leasehold Operated Rigs CHK owns 520,000 net acres of leasehold CHK C-T Non-operated Rigs Industry Rigs in the Cleveland play and 285,000…
  14. Investor Presentation – Chesapeake Energy Corp – slide 14
    May 2012 Investor Presentation FINANCIAL SUMMARY
  15. Investor Presentation – Chesapeake Energy Corp – slide 15
    May 2012 Investor Presentation CHK HAS DELIVERED STRONG OPERATIONAL AND FINANCIAL RESULTS FOR YEARS... (1) Production Proved Reserves 1,500 30,000 1,000 20,000 Bcfe Bcfe 500 10,000 0 0 Adjusted…
  16. Investor Presentation – Chesapeake Energy Corp – slide 16
    May 2012 Investor Presentation AND ALSO STRONG PER SHARE RESULTS WHILE ALSO DECREASING DEBT (1) Production/Weighted Average Fully Diluted Share Proved Reserves/Fully Diluted Share 2.0 40 mcfe/weighted avg. fully diluted…
  17. Investor Presentation – Chesapeake Energy Corp – slide 17
    May 2012 Investor Presentation 2012 AND 2013 OUTLOOK SUMMARY 2011 YE 2012E YE 2013E Production Liquids (mbbls) 31,676 41,000 - 43,000 55,000 - 59,000 Natural gas (bcf) 1,004 1,040 - 1,060 970 - 1,010 Natural gas equivalent…
  18. Investor Presentation – Chesapeake Energy Corp – slide 18
    May 2012 Investor Presentation 2012 FINANCIAL PROJECTIONS AT VARIOUS NATURAL GAS PRICES As of 05/01/12 Outlook ( in mm; oil at 100 NYMEX) 2.00 3.00 4.00 O/G revenue (unhedged) 1,302 bcfe (1) 4,180 4,800 5,410 (2) Hedging effect…
  19. Investor Presentation – Chesapeake Energy Corp – slide 19
    May 2012 Investor Presentation 2013 FINANCIAL PROJECTIONS AT VARIOUS NATURAL GAS PRICES As of 05/01/12 Outlook ( in mm; oil at 100 NYMEX) 3.00 4.00 5.00 O/G revenue (unhedged) 1,332 bcfe (1) 6,160 7,150 8,140 (2) Hedging effect…
  20. Investor Presentation – Chesapeake Energy Corp – slide 20
    May 2012 Investor Presentation 2012 FINANCIAL PLAN UPDATE CHK recently announced three monetizations in April 2012 for 2.6 billion VPP 10 on assets in Anadarko Basin Granite Wash play for proceeds of 745 million or 4.68/mcfe…
  21. Investor Presentation – Chesapeake Energy Corp – slide 21
    May 2012 Investor Presentation CASH IN AND OUT SUMMARY YE 2012E YE 2013E Operating cash flow (mm) (1)(2) 2,700 - 3,000 4,400 - 5,300 Well costs on proved properties (6,500 - 7,000) (5,500 - 6,000) Well costs on unproved properties…
  22. Investor Presentation – Chesapeake Energy Corp – slide 22
    May 2012 Investor Presentation CHK HEDGING PROGRAM BEST IN INDUSTRY, BY FAR Quarterly Realized Gains and Losses 1Q '06 - 1Q '12 800 4.00 Realized Gains/Losses ( in millions) 600 3.00 per mcfe of production 400 2.00…
  23. Investor Presentation – Chesapeake Energy Corp – slide 23
    May 2012 Investor Presentation HEDGING POSITION (1) Natural Gas Liquids % of % of NYMEX NYMEX Forecasted Forecasted Natural Gas Oil WTI Production Production 2Q - 4Q 2012 --- --- 60% 103.02 2013 --- --- 9% 102.86…
  24. Investor Presentation – Chesapeake Energy Corp – slide 24
    May 2012 Investor Presentation SENIOR NOTE MATURITY SCHEDULE (1) 2,500 Total Senior Notes: 10.6 billion 2,287(2) Average Maturity: 6.4 years 2,000 1,950 1,800 1,660(2) 1,489(2) 1,500 Bank credit facilities with…
  25. Investor Presentation – Chesapeake Energy Corp – slide 25
    May 2012 Investor Presentation STRONG HISTORICAL NAV PER SHARE GROWTH SHOULD CONTINUE IN 2012 (Based on constant pricing) ( in mm except per share data) 2006 2007 2008 2009 2010 2011 Proved reserves at PV10 (4.50/mcf & 100/bbl)…
  26. Investor Presentation – Chesapeake Energy Corp – slide 26
    May 2012 Investor Presentation REMARKABLE VALUE OPPORTUNITY FOR TODAYS INVESTORS ( in millions except share price) Price per share 15.00 20.00 25.00 30.00 (1) Fully diluted common shares 3/31/12 769 769 769 769 Market capitalization…
  27. Investor Presentation – Chesapeake Energy Corp – slide 27
    May 2012 Investor Presentation SUMMARY
  28. Investor Presentation – Chesapeake Energy Corp – slide 28
    May 2012 Investor Presentation SUMMARY 25/25 Plan for 2011 - 2012 Increase production by 25% (net of asset sales) and reduce long-term debt by 25% Inflection Point on Natural Gas to Liquids Transition Rapidly shifting from 90%…
  29. Investor Presentation – Chesapeake Energy Corp – slide 29
    May 2012 Investor Presentation CORPORATE INFORMATION Corporate Contacts: Chesapeake Headquarters Jeffrey L. Mobley, CFA 6100 N. Western Avenue Senior Vice President Oklahoma City, OK 73118 Investor Relations and Research Web…
  30. Investor Presentation – Chesapeake Energy Corp – slide 30
    May 2012 Investor Presentation CERTAIN RESERVE & PRODUCTION INFORMATION The Securities and Exchange Commission requires natural gas and oil companies, in filings made with the SEC, to disclose proved reserves, which are those…

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