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Chesapeake Energy Corp
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May 2013 Investor Presentation Update
| Jeffrey L. Mobley | Page 14 of 11 |
November 21, 2024
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"May 2013 Investor Presentation Update"
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May 2013 Investor Presentation EAGLE FORD SHALE 14 ? 1Q’13 daily net production of 75 mboe/d, up 225% YOY › Liquids averaged 62 mboe/d, up 251% YOY › Targeting exit rate at YE’13 of ~71 mboe/d of liquids and total production of 92 mboe/d › Average peak daily rates of 111 wells that commenced first production during 1Q’13 was ~950 boe/d ? Drilled 887 wells in the Eagle Ford (1) › Includes 650 producing, 34 WOPL and 203 wells in various stages of completion › Drilled 91 new wells in 1Q’13 ? Spud-to-spud cycle times down 28% YOY, from 25 to 18 days › Targeting 13 days long-term once in full pad drilling development mode › Anticipate 50% of drilling on multi-well pads in 2H’13 and >75% in 2014 ? ~3,500 future drilling locations on acreage CHK plans to retain › >10 year drilling inventory based on current activity level ? Currently operating 15 rigs with plans to reduce to 13 in 2H’13 65% Oil 17% Gas 18% NGL 1Q’13 Production Mix (1) As of 3/31/2013