Chesapeake Energy 2000 Annual Report Download - page 113
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The following table sets forth changes in the standardized measure of discounted future net cash flows:
-102-
For the Years Ended December 31,
1998 1999 2000
($ in thousands)
Standardized measure of discounted future cash flows-beginning of period $ 94,102 $178,762 $198,385
Sales of natural gas and oil produced, net of operating expenses (38,585) (43,362) (71,265)
Purchases of reserves-in-place 231,184 1,000 114
Sales of reserves-in-place (62,933) (3,815)
Revisions of previous quantity estimates and changes in sales prices and production costs (54,416) 44,109 714,315
Accretion of discount 9,410 17,876 19,839
Standardized measure of discounted future cash flows-end of period $178,762 $198,385 $857,573