Chesapeake Energy 1993 Annual Report Download - page 3

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Chesapeake Energy Corporation
HO WE ARE
Chesapeake Energy Corporation, head-
quartered in Oklahoma Cjt, Oklahoma,
is an independent oil and natural gas
'exploration and production company which became
a publicly owned company in February 1993; It is
traded on the NASDAQ National Market System
under the symbolCSPK.
HAT WE DO
Chesapeake utilizes its advanced
technological expertise in the drilling of
vertical and horizontal wells .to exploit
areas of proven hydrocarbon production. It teams
with major oil companies and well-capitalized
independents to develop its existing inventory of
more than 150 proved and probable drilling loca-
tions. The company has adomestic geographic focus
with activities concentrated in southern Texas and
southern Oklahoma.
HAT WE'VE ACCOMPLISHED
During the past four years,
Chesapeake has:
Increased annual production over 2600%;
Increased total assets over 900%;
I Increased total revenue over 2700%;
Increased total reserves over' 1 100%.
" Corporate
Headquarters
Primary
Operating Areas
A Field Offices
GIDDINGS (Navasota River)
GIDDINGS (Fayette)
OKLAHOMA CITY
I.
A LINDSAY
QLDEN TfD
BRYAN
GIDDINGS
AGONZALES
HAT'S AHEAD
Chesapeake's shareholders should
benefit from:
A reserve and production mix of approximately 60%
natural gas and expected to increase to 70-75% over the
next several years;
A projected drilling schedule' which should signifi
candy increase company production andrevenues;.
Advanced technical expertise, particularly in the'
application of horizontal drilling technology;
Management and directors own 55% of common
shares outstanding, thereby aligning the interests of
management and shareholders.