Chesapeake Energy 1994 Annual Report Download - page 2

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SELECTED FINANCIAL DATA
As of October 1, 1992
FISCAL YEAR ENDED JUNE 30, 1994 1993 1992
INCOME DATA ($ IN THOUSANDS, EXCEPT PER SHARE DATA)
Oil and gas sales $ 22,404 $11,602 $ 10,520
Service operations and other 7,420 6,406 8,198
Total revenues 29,824 18,008 18,718
Production expenses 3,647 2,890 2,103
Oil and gas property depreciation,
depletion and amortization 8,141 4,184 2,910
CONTENTS Other depreciation and amortization 1,871 557 974
LETTER TO SHAREHOLDERS 2Service operations 5,199 3,653 4,113
DIRECTORS AND OFFICERS 13 General and administrative 3,135 3,620 3,314
EMPLOYEES 14 Interest and other 2,676 2,282 2,577
CORPORATE INFORMATION 16 Provision for legal and other settlements 1,286
FINANCIAL SECTION 17 Iota1 costs and expenses 24,669 18,472 15,991
Income (loss) before income taxes 5,155 (464) 2,727
Income tax expense (benefit) 1,250 (99) 1 ,337
Net income (loss) 3,905 (365) 1,390
Earnings per share S0.73 $(0.20) $0.45
Operating cash flow per share S2.83 $1.18 $2.13
Weighted average shares outstanding 5,360 3,728 3,101
PROPERTY DATA ($ IN THOUSANDS)
Oil reserves (MBhls) 4,154 9,622 11,147
Gas reserves (MMcf) 117,006 79,763 68,618
Reserves in equivalent thousand barrels 23,655 22,915 22,583
Reserves in equivalent million cubic feet 141,992 137,495 13 5,500*
Future net revenues discounted at
10% (before tax) $141,249 $141,665 $ 162,713*
Oil production (MBbls) 537 276 374
Gas production (MMcf) 6,927 2,677 1,252
Production in equivalent thousand barrels 1,692 722 583
Production in equivalent million cubic feet 10,152 4,333 3,496
Average oil price (per Bhl) $15.09 $20.20 $21.85
Average gas price (per Mcf) $2.06 $2.25 $1.88
Average gas equivalent price (per Mcfe) $2.21 $2.68 $3.01