Chesapeake Energy 1998 Annual Report Download - page 92

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Calculated using weighted average prices of $10.48 per barrel of oil and $1.68 per Mcf of gas.
Calculated using weighted average prices of $17.62 per barrel of oil and $2.29 per Mcf of gas.
Calculated using weighted average prices of $18.38 per barrel of oil and $2.12 per Mcf of gas.
Calculated using weighted average prices of $20.90 per barrel of oil and $2.41 per Mcf of gas.
72
December31, 1998
U.S. Canada Combined
(S in thousands)
Future cash inflows (a) $ 1,374,280 $474,143 $1,848,423
Future production costs (432,876) (52,493) (485,369)
Future development costs (124,717) (29,634) (154,351)
Future income tax provision (6,464) (143,747) (150,211)
Net future cash flows 810,223 248,269 1,058,492
Less effect of a 10% discount factor (303,096) (332,281) (435,377)
Standardized measure of discounted future net cash flows $507,127 $115,988 $ 623,115
Discounted (at 10%) future net cash flows before income taxes $504,148 $156,843 $ 660,991
December31, 1997
U.S. Canada Combined
(S in thousands)
Future cash inflows (b) $ 1,100,807 $$1,100,807
Future production costs (223,030) (223,030)
Future development costs (158,387) -(158,387)
Future income tax provision (108,027) (108,027)
Net future cash flows 611,363 611,363
Less effect of a 10% discount factor (181,253) (181,253)
Standardized measure of discounted future net cash flows $430,110 $$ 430,110
Discounted (at 10%) future net cash flows before income taxes $466,509 $$ 466,509
June 30, 1997
U.S. Canada Combined
($ in thousands)
Future cash inflows (c) $954,839 $$ 954,839
Future production costs (190,604) (190,604)
Future development costs (152,281) (152,281)
Future income tax provision (104,183) (104,183)
Net future cash flows 507,771 507,771
Less effect of a 10% discount factor (92,273) (92,273)
Standardized measure of discounted future net cash flows $415,498 $$ 415,498
Discounted (at 10%) future net cash flows before income taxes $437,386 $$ 437,386
June 30, 1996
U.S. Canada Combined
(5 in thousands)
Future cash inflows (d) $ 1,101,642 $$1,101,642
Future production costs
Future development costs (168,974)
(137,068) (168,974),
(137,068)
Future income tax provision (135,543) (135,543)
Net future cash flows 660,057 660,057
Less effect of a 10% discount factor (198,646) (198,646)
Standardized measure of discounted future net cash flows $461,411 $$ 461,411
Discounted (at 10%) future net cash flows before income taxes $547,016 $$ 547,016