Chesapeake Energy 1997 Annual Report Download - page 85

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Company than available to unrelated parties. Other than interests owned prior to the Company's initial public
offering in 1993, the Company's directors who are not officers have not acquired from the Company interests
in any new wells drilled by the Company since their election as directors and have no present intention to
acquire interests in any new wells of the Company. The table below presents information about drilling,
completion, equipping and operating costs billed to the person named from July 1, 1996 to June 30, 1997, the
largest amount owed by them during the period and the balance owed at July 1, 1996 and June 30, 1997. No
interest is charged on amounts owing for such costs, unless such costs are not paid in a timely manner. The
amounts for all other directors, executive officers and related parties were insignificant.
Miscellaneous. From time to time, the Company pays various expenses incurred on behalf of
Messrs. McClendon and Ward and their affiliates, creating accounts receivable of the Company. During fiscal
1997 additions to accounts receivable (excluding joint interest billings, which are described above) from
Messrs. McClendon and Ward and their affiliates were insignificant.
68
Aubrey K.
McClendon Tom L.
Ward Marcus C.
Rowland
(in thousands)
Balance at July 1, 1996 $971 $1,288 $ 82
Amount billed (to June 30, 1997) $3,662 $3,534 $171
Largest outstanding balance (month end) $3,552 $2,997 $ 79
Balance at June 30, 1997 $3,552 $2,997 $ 42