Chesapeake Energy 2000 Annual Report Download - page 2
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ndent gas producer with
estimated average daily natural gas production in 2001
'of 480 million cuhlb feet equivalent, an estimated
rate of Ier 2000.
- - Chesapeake haS1tquality, focused assets with the
lowest aperatmg costs among Its peer group.
:Chesapeaké'has prãefl expertM'lfl both drilling and
cqulring high-quaI, underexploited producing
"andgas properties
Chesapeake's balance sheet continues to improve, with
common equity increasing in 2000 by $725 million and
further improvements expected in 2001.
Chesapeake's high potential, .1,500+ inventory of drill
sites provides us With at least a i lye-year backlog of
drilling prosoects and affirms our future urowthiiotential.
-!'Y ......
Chesapeake managements commitment to building..
shareholder value is ensured by its 24 million share
equity stake. .
Table of Contents
Leller to Shareholders 2
Area of Operations 6
Board of Directors 7
Employees 8
Financials 9
0
Chesapeake
Vatunil Gas.
NaturalAdvantages.
Chesapeake's New Logo
To most ot our shareholders our 2000 Annual
Report introduces Chesapeake's new logo 'Natural
Gas, Natural Advantages" for the first time. These
words convey the simple but powerful twin compo-
nents of our image and message natural gas and
Chesapeake enjoy many natural advantages over other
fuels and other companies.
One other thought about our Annual Report covers over the years
we hope you'll notice our basic message doesn't change very much. On our first six annual report
covers, we used images involving drilling rigs to convey our message that Chesapeake was one of the
top growth-through-the-drillbit companies in the industry. In 1998, we strategically shifted away from
our reliance on growing exclusively through higher-risk drilling and from our desire to find both oil
and natural gas to today's strategy focused on developing natural gas reserves through balanced
drilling and acquisitions.