Chesapeake Energy 2006 Annual Report Download - page 39

Chesapeake Energy Corporation 2006 Annual Report
Stock Price Data
2007 High Low Last
First Quarter $31.83 $27.27 $30.88
2006 High Low Last
Fourth Quarter $34.27 $27.90 $29.05
Third Quarter 33.76 28.06 28.98
Second Quarter 33.79 26.81 30.25
First Quarter 35.57 27.75 31.41
2005 High Low Last
Fourth Quarter $40.20 $26.59 $31.73
Third Quarter 38.98 22.90 38.25
Second Quarter 24.00 17.74 22.80
First Quarter 23.65 15.06 21.94
Stock Split History
December 1996: two-for-one
June 1996: three-for-two
December 1995: three-for-two
December 1994: two-for-one
Corporate Headquarters
6100 North Western Avenue
Oklahoma City, Oklahoma 73118
[phone]
Internet Address
Company financial information, public disclosures
and other information are available through
Chesapeake’s web site at www.chkenergy.com.
Common Stock
Chesapeake Energy Corporation’s common stock
is listed on the New York Stock Exchange (NYSE)
under the symbol CHK. As of March 31, 2007, there
were approximately 300,000 beneficial owners of
our common stock.
Common Stock Dividends
During 2006, the company declared a cash dividend
of $0.05 per share on March 6 and $0.06 per share
on June 14, September 25 and December 19 for a
total dividend declared of $0.23 per share.
Independent Public Accountants
PricewaterhouseCoopers LLP
6120 South Yale, Suite 1850
Tulsa, Oklahoma 74136
[phone]
Stock Transfer Agent
and Registrar
Communication concerning the transfer of shares,
lost certificates, duplicate mailings or change of
address notifications should be directed to our
transfer agent:
UMB Bank, N.A.
P. O. Box 419064
Kansas City, Missouri 64141-6064
[phone] or [phone]
Trustee for the Company’s
Senior Notes
The Bank of New York Trust Company, N.A.
101 Barclay Street, 8th Floor
New York, New York 10286
SEC and NYSE Certifications
The Form 10-K, included herein, which was filed
by the company with the Securities and Exchange
Commission (SEC) for the fiscal year ending
December 31, 2006, includes, as exhibits, the
certifications of our chief executive officer and chief
financial officer required to be filed with the SEC
pursuant to Section 302 of the Sarbanes-Oxley Act.
The company has also filed with the NYSE the 2006
annual certification of its chief executive officer
confirming that the company has complied with
the NYSE corporate governance listing standards.
Forward-looking Statements
This report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements give our current expectations or forecasts of future events. They include estimates of oil and natural
gas reserves, expected oil and natural gas production and future expenses, projections of future oil and natural gas prices, planned capital expenditures
for drilling, leasehold acquisitions and seismic data, and statements concerning anticipated cash flow and liquidity, business strategy and other plans
and objectives for future operations. Disclosures concerning the fair values of derivative contracts and their estimated contribution to our future results
of operations are based upon market information as of a specific date. These market prices are subject to significant volatility.
Although we believe the expectations and forecasts reflected in these and other forward-looking statements are reasonable, we can give no assurance
they will prove to have been correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Factors that
could cause actual results to differ materially from expected results are described under “Risk Factors” in Item 1A of our 2006 Annual Report on Form
10-K filed with the Securities and Exchange Commission on March 1, 2007. They include the volatility of oil and natural gas prices; the limitations
our level of indebtedness may have on our financial flexibility; our ability to compete effectively against strong independent oil and natural gas companies
and majors; the availability of capital on an economic basis to fund reserve replacement costs; our ability to replace reserves and sustain production;
uncertainties inherent in estimating quantities of oil and natural gas reserves and projecting future rates of production and the timing of development
expenditures; uncertainties in evaluating oil and natural gas reserves of acquired properties and associated potential liabilities; our ability to effectively
consolidate and integrate acquired properties and operations; unsuccessful exploration and development drilling; declines in the values of our oil and
natural gas properties resulting in ceiling test write-downs; lower prices realized on oil and natural gas sales and collateral required to secure hedging
liabilities resulting from our commodity price risk management activities; the negative impact lower oil and natural gas prices could have on our ability
to borrow; and drilling and operating risks.
We caution you not to place undue reliance on these forward-looking statements, and we undertake no obligation to update this information. We urge
you to carefully review and consider the disclosures made in this report and our other filings with the Securities and Exchange Commission that attempt
to advise interested parties of the risks and factors that may affect our business.
The SEC has generally permitted oil and natural gas companies, in filings made with the SEC, to disclose only proved reserves that a company has
demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating
conditions. We use the term “unproved” to describe volumes of reserves potentially recoverable through additional drilling or recovery techniques
that the SEC’s guidelines may prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates
of proved reserves and accordingly are subject to substantially greater risk of being actually realized by the company. While we believe our calculations
of unproved drillsites and estimation of unproved reserves have been appropriately risked and are reasonable, such calculations and estimates have
not been reviewed by third-party engineers or appraisers.
Corporate and
Securities Information
5.5%
Cert no. SCS-COC-00648