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Chesapeake Energy Corp
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Institutional Investor & Analyst 2010 Meeting
| Aubrey K McClendon | Page 84 of 11 |
November 21, 2024
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"Institutional Investor & Analyst 2010 Meeting"
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2010 Institutional Investor and Analyst Meeting Anadarko Basin – TX Panhandle Granite Wash Completions TX Panhandle Granite Wash CHK has 70,000 net acres Reserve and resource potential Texas Oklahoma Young 303H 5,791 boe/d (20.1 mmcf/d + 2,442 bbls/d) Eden 107H 4,413 boe/d (15.0 mmcf/d + 1,912 bbls/d) Lee-Hefley 2H Grayson 22 5H 5,404 boe/d (16.2 mmcf/d + 2,712 bbls/d) 110 mmboe of proved reserves (1) ~490 mmboe of risked unproved resources (2) ~685 mmboe unrisked unproved (2) ~30 miles 3,118 boe/d (9.7 mmcf/d + 1,507 bbls/d) Ruby Lee 104H 6,939 boe/d (25.0 mmcf/d + 2,772 bbls/d) Miller 26 8H 3,370 boe/d (10.3 mmcf/d + 1,648 bbls/d) resources Current net production of 21 mboe/d (3) Currently operating 7 rigs in the play; plan to average 7 rigs in ’11 to drill ~50 net wells ~40 miles Thurman Horn 4-2H 4,799 boe/d (15.7 mmcf/d + 2,189 bbls/d) TA Greenhouse 2H 3,086 boe/d (9.3 mmcf/d + 1,533 bbls/d) Dowell 1-31H 5,013 boe/d (16.0 mmcf/d + 2,343 bbls/d) Ruby Lee 102H 3,753 boe/d (10.2 mmcf/d + 2,051 bbls/d) 68 50 60 70 80 TX Panhandle Granite Wash Horizontal Wells by Operator CHK Production Profile 6 7 8 24 28 32 36 / d) Texas Panhandle Granite Wash Base - Net Production Texas Panhandle Granite Wash Gross Operated Production Operated Rigs Estimated Future Production Mix Natural Gas NGL 38% Oil 11% 32 28 21 1720 30 40 Well s drilled 2 3 4 5 8 12 16 20 Ope r at e d ri g s P r odu c ti on ( m b o e / 51% 8 Source: IHS Enerdeq 0 10 CHK CIMAREX NEWFIELD FOREST APACHE Note: Well results above are peak 24-hour rate 1) Based on 10-yr average NYMEX strip prices at June 30, 2010 2) Risk disclosure regarding unproved resource estimates appears on page iii of the meeting presentation package 3) September 2010 average 0 1 0 4