Chesapeake Energy 2007 Annual Report Download - page 33
Download and view the complete annual report
Please find page 33 of the 2007 Chesapeake Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.!
BV]caO\Ra]Tb]gRcQYaU]W\b]1VSaO^SOYS1`SSYObbVSQ][^O\g¸aC\WbSREOgYWQY]TTQSZSP`ObW]\
1VSaO^SOYS`SQ]U\WhSag]c\UOQVWSdS`a
ObO\OeO`RaRW\\S`W\HO^ObOBSfOa
2WaQ]dS`W\UB][]``]e¸a
:SORS`aW\HO^ObO
AbcRS\bZSORS`aW\HO^ObOBSfOaeS`S`SQ]U\WhSR
bV`]cUV 1VSaO^SOYS¸a 2WaQ]dS`W\U B][]``]e¸a
:SORS`a3RcQObW]\OZA^]\a]`aVW^>`]U`O[BVS
eSSY^`]U`O[OaYSRHO^ObO`SaWRS\bab]\][W
\ObSg]c\U[S[PS`a]TbVSZ]QOZ0]gaO\R5W`Za
1ZcPO\RbVSHO^ObO"61ZcPeV]RS[]\ab`ObSR
]cbabO\RW\UZSORS`aVW^_cOZWbWSa
3OQV eSSY O eW\\W\U S\b`g eOa aSZSQbSR O\R
TSObc`SR]\Z]QOZ`ORW]abObW]\a99@5O\R980H
O\R W\ bVS HO^ObO <Sea 7\ ORRWbW]\ V]\]`SSa
`SQSWdSR^ZO_cSaQ][[S[]`ObW\UbVSW`OQVWSdS
[S\baO\RO`STc`PWaVSRQ][^cbS`eOaR]\ObSR
b]SOQVV]\]`SS¸aaQV]]ZW\VWa]`VS`\O[S
EW\\S`aeS`SOZa]V]\]`SRObO\OeO`RaRW\\S`
eVS`SSOQV]TbVSW`\O[SaeOa^ZOQSRW\b]OU`O\R
^`WhS R`OeW\U T]` O ^S`a]\OZ ZO^b]^ Q][^cbS`
:O^b]^ eW\\S`a eS`S @O[W`] @SgSa ]T HO^ObO
6WUVAQV]]ZO\R3abSPO\:]^Sh]T4WRSZ/\R`SO
@DWZZO``SOZ3ZS[S\bO`gAQV]]Z
µ/ZZ]TbVS\][W\SSaO\ReW\\S`aO`SdS`gW\d]ZdSR
W\bVSW`aQV]]ZaO\RQ][[c\WbWSa¶aOWR;WYS:OcS
1VSaO^SOYS >`]RcQbW]\ Ac^S`W\bS\RS\b µPcb
[]abW[^]`bO\bZgbVSaS ]cbabO\RW\UZSORS`aOZZ
RWa^ZOgOeWZZW\U\Saab]VSZ^]bVS`aBVSgO`SOZZ
dS`gRSaS`dW\UYWRa¶
1][[c\WbWSa0S\S¿bT`][
C\WbSREOg1]\b`WPcbW]\a
BV]caO\Ra ]T ZWdSa O`S b]cQVSR SOQV gSO` Pg
C\WbSREOgOUS\QWSaOQ`]aa/[S`WQO:OabTOZZ
1VSaO^SOYSS[^Z]gSSaT`][<Se;SfWQ]b]ESab
DW`UW\WO^WbQVSRW\b]ac^^]`bbVS\ObW]\eWRSTc\R
`OWaW\UQO[^OWU\eWbVQ]`^]`ObSO\RS[^Z]gSS
UWTbab]bOZW\U[]`SbVO\ [WZZW]\O#
W\Q`SOaST`][bVS^`SdW]cagSO`
7\ =YZOV][O 1Wbg bVS Q][^O\g¸a C\WbSR EOg
QO[^OWU\YWQYSR]TTeWbVO2cQY2S`Pg@OQSO\R
QcZ[W\ObSReWbVOQO[^caeWRS6OZZ]eSS\^O`bg
Q][^ZSbSeWbVOQ]abc[SQ]\bSabO\R^`WhSa
1O[^OWU\aeS`SOZa]VSZRW\ 1VO`ZSab]\ ESab
DW`UW\WO)4]`bE]`bVBSfOa);WRZO\RBSfOa)O\R
6]PPa<Se;SfWQ]1VSaO^SOYS¸a3OabS`\2WdWaW]\
eOaOQbWdSZgW\d]ZdSRbV`]cUVWbaO\\cOZC\WbSR
EOg 2Og ]T 1O`W\U 3[^Z]gSSa W\ 1VO`ZSab]\
ESabDW`UW\WOa^S\bOROgZO\RaQO^W\UbVSZOe\
]cbaWRS]TbVS6cPPO`R6]a^WQS6]caSOC\WbSR
EOga^]\a]`SROUS\Qgµ7beOaU`SObb]aSSV]e
]c` Q]\b`WPcbW]\a O`S `SOZZg VSZ^W\U ^S]^ZS W\
\SSR¶ aOWR <ObOaVO 1OW\Sa 6c[O\ @Sa]c`QSa
/aaWabO\b³3OabS`\2WdWaW]\
@SdWbOZWhW\U6SPS`A^`W\Ua
6SPS` A^`W\Ua /`YO\aOa Wa `SQSWdW\U O [cQV
\SSRSRTOQSZWTbW\bS\RSRb]VSZ^abW[cZObSSQ]
\][WQU`]ebVO\RW[^`]dSbVSO^^SO`O\QS]TbVS
QWbg¸aR]e\b]e\RWab`WQb1VSaO^SOYSQ]\b`WPcbSR
b]bVS`SdWbOZWhObW]\bV`]cUVbVS2]e\b]e\<Sb
e]`Y6SPS`A^`W\Ua]`UO\WhObW]\
µ2]e\b]e\6SPS`A^`W\UaWaOU`SOb^ZOQSb]ZWdS
e]`YO\RaV]^PcbeSOZa]eO\bb][OYSWbO\
Obb`OQbWdSW\dSab[S\b]^bW]\¶aOWR;O`g;O`UO`Sb
1]cQV>`SaWRS\b]T2]e\b]e\<Sbe]`Y6SPS`
A^`W\UaµBVWaUS\S`]caR]\ObW]\T`][1VSaO^SOYS
eWZZVSZ^caOQVWSdS]c`]PXSQbWdSa¶
µBVWaUS\S`]caR]\ObW]\
T`][1VSaO^SOYSeWZZ
VSZ^cab]OQVWSdS]c`
]PXSQbWdSa¶
³;O`g;O`UO`Sb1]cQV
>`SaWRS\b
2]e\b]e\<Sbe]`Y
6SPS`A^`W\Ua
0cWZRW\U0SbbS`1][[c\WbWSa
2]e\b]e\6SPS`A^`W\Ua/`YO\aOa