Chesapeake Energy 2000 Annual Report Download - page 50

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REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Shareholders
of Chesapeake Energy Corporation
In our opinion, the consolidated financial statements listed in the accompanying index present fairly, in all
material respects, the financial position of Chesapeake Energy Corporation and its subsidiaries (the
"Company") at December 31, 1999 and 2000, and the results of their operations and their cash flows for each
of the three years in the period ended December 31, 2000, in conformity with accounting principles generally
accepted in the United States of America. In addition, in our opinion, the financial statement schedule listed
in the accompanying index presents fairly, in all material respects, the information set forth therein whenread
in conjunction with the related consolidated financial statements. These financial statements and financial
statement schedule are the responsibility of the Company's management; our responsibility is to express an
opinion on these financial statements and financial statement schedule based on our audits. We conducted our
audits of these financial statements in accordance with auditing standards generally accepted in the United
States of America, which require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting
principles used and significant estimates made by management, and evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Oklahoma City, Oklahoma
March 28, 2001
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