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Chesapeake Energy Corporation 2006 Annual Report
Table of Contents
Chesapeake’s new logo is an evolution of the logo we
adopted seven years ago and updates our message in two
important ways. First, the flame and the font have been
modernized and more significantly, we have introduced
a green element to our logo that communicates both
the environmental attractiveness of natural gas and
Chesapeake’s heightened environmental awareness.
Some of the great public policy debates of the next 10
years will focus on how we should meet America’s growing
need for more electricity. Presently, coal meets 52% of
our electricity needs, nuclear 21%, natural gas 21% and
hydro, wind and other renewables about 6%. It is
imperative for the continued prosperity of our company
and industry that natural gas be seen as the preferred
solution to meeting the twin challenges of generating
more electricity in the years ahead while at the same time
reducing greenhouse gas emissions.
Chesapeake’s new logo communicates our belief that the
company’s vast reserves of natural gas can help solve the
environmental challenges of the years ahead. We are on
the right side of history in the climate change debate and
we hope you like our new logo and the message it conveys.
Our New Logo
Financial Review
Fold Out to the Right
Letter to Shareholders
4
Operating Areas
16
Social Responsibility and
Community Service
18
Health, Safety and Environment
22
Officers
26
Directors
27
Corporate Governance
27
Employees
28
Corporate and Securities
Information
Inside Back Cover
Chesapeake Energy
is the third-largest independent producer of natural gas in
the U.S. and the seventh-largest overall. Headquartered in Oklahoma City, the company’s operations
are focused on exploratory and developmental drilling and corporate and property acquisitions in the
Mid-Continent, Fort Worth Barnett Shale, Appalachian Basin, Fayetteville Shale, South Texas, Permian
Basin, Delaware Basin, Ark-La-Tex and Texas Gulf Coast regions of the United States. At year-end 2006,
Chesapeake owned interests in approximately 35,000 producing wells and had proved reserves of 9.0
trillion cubic feet equivalent, of which 93% were natural gas.
At A Glance