Chesapeake Energy 2004 Annual Report Download

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CHESAPEAKE ENERGY CORPORATION
2004 ANNUAL REPORT
Focused

Table of contents

  • Page 1
    2004 ANNUAL REPORT Focused CHESAPEAKE ENERGY CORPORATION

  • Page 2
    ... Shareholders Pages 2-9 Operating Areas Pages 10-11 Employees Pages 12-14 Directors and Officers Page 15 Corporate Governance & Glossary Page 16 Annual Report on Form 10-K Page 17 Corporate Information Inside Back Cover Natural Gas Organic Growth Acquisition Growth Exploration Employees Stewardship

  • Page 3
    ...stock dividends Gain (loss) on redemption of preferred stock Net income (loss) available to common shareholders Earnings per common share - basic: Income (loss) before cumulative effect of accounting change Cumulative effect of accounting change... report (per mcf) Oil price used in reserve report ...

  • Page 4
    6 months ended Dec. 31 Years ended June 30

  • Page 5
    ... Gas Chesapeake Energy Corporation is the fourth largest independent producer of natural gas in the U.S. Headquartered in Oklahoma City, Oklahoma, the company's operations are focused on exploratory and developmental drilling and property acquisitions in the Mid-Continent, Permian Basin, South Texas...

  • Page 6
    2 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 Letter to Shareholders "We have remained focused on creating shareholder value through the successful execution of a clear and concise business strategy."

  • Page 7
    ...in the communities where we operate. 2004 IN REVIEW As evidence of the success of Chesapeake's business strategy, we would like to highlight the company's operational and financial achievements of 2004. In doing so, we also extend our appreciation to the company's 1,900 employees for helping deliver...

  • Page 8
    ...strategies on building...rate that would surprise many industry observers. It also seemed clear to us the smaller independent E&P companies...have risen to levels nearly 500% greater... the U.S. gas market would increase from ... major oil companies 4 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 $6.13 $6...

  • Page 9
    ... on the small-to-medium sized deals that have worked so well for us to date. Having completed more than $5.4 billion of acquisitions over the past seven years, mainly in 48 transactions 5 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 "In 2004...our organic growth was an industryleading 20% and...

  • Page 10
    6 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 Chesapeake $1,645.50 Growth in a $100 Investment February 4, 1993 (CHK IPO date) through March 31, 2005 Peers* $929.89 CHK Outperforms by 77% Dow Jones $307.42 CHK Outperforms ...

  • Page 11
    ... industry began ramping up drilling activity in reaction to higher prices. 462 677 866 1,192 1,718 1,930 7 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 A particular focus of Chesapeake's hiring during the past few years has been the identification of young talent and our success in attracting...

  • Page 12
    ...also welcomed in the many communities where we drill for and produce natural gas. 8 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 We have also opened The Health Club, a 40,000 square foot stateof-the-art employee health facility in Oklahoma City. This very popular building won a national design...

  • Page 13
    ... K. McClendon Chairman and Chief Executive Officer 9 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 Tom L. Ward President and Chief Operating Officer April 15, 2005 "We remain optimistic about the continued success of the company and our ability to continue delivering value to shareholders...

  • Page 14
    ... 10 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 Area 1 Anadarko Chesapeake's most productive district is the Anadarko Basin, which is characterized by a wide variety of play types and depth ranges, including some of the most complex and prolific gas reservoirs in the U.S. Chesapeake's Buffalo...

  • Page 15
    ... Leasehold Acres: 715,000 11 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 Area 6 Ark-La-Tex Area 8 Permian Chesapeake's largest district by area, the Permian Basin sprawls across west Texas into eastern New Mexico and is the focus area for much of the company's oil production. In addition, we...

  • Page 16
    ... All 1,900 of Us 12 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 1989 (7) Pat Goode, Cheryl Hamilton, Mark Lester, Kinney Louthan, Aubrey McClendon, Tom Ward & Patsy Watters 1990 (6) Colley Andrews, Kevin Decker, David Higgins, Linda Peterburs, Cindi Williams & Jeff Williams 1991 (14) Steve...

  • Page 17
    ...Marc Fergason, Dustin Fick, Jeremy Finefrock, Andrea Finklea, Jeff Finnell, Jarod Fite, Andrea Fleig, Walter Fletcher, Lora Florez, Amber Foote, Tommy Ford Jr., Jennifer Foster, Anville Francis, Linda Fries, Terry Frohnapfel, Ronald Garbizo, Marco 13 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004

  • Page 18
    14 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 Garcia, Austin Gard, Denise Garlick, Gary ...Brian Vogelsong, Lori Vreeland, Sandra Wagoner, Benny Wallace, Beau Ward, Brian Wasinger, Vickye Watson, Luke Watson, Ginny Webb, Lee Wescott, Larry White, Dan Whitmarsh, Nancy Williams, Michelle Wilson...

  • Page 19
    ...L. Winton Senior Vice President Information Technology and Chief Information Officer CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 Douglas J. Jacobson Senior Vice President Acquisitions and Divestitures Stephen W. Miller Senior Vice President Drilling Directors Frank Keating President and CEO...

  • Page 20
    ... or possible reserves. Working Interest The operating interest which gives the owner the right to drill, produce and conduct operating activites on the property and a share of production. 16 CHESAPEAKE ENERGY CORPORATION ANNUAL REPORT 2004 Development Well A well drilled within the proved area...

  • Page 21
    ...1850 Tulsa, Oklahoma 74136 (918) 524-1200 Stock Transfer Agent and Registrar Communication concerning the transfer of shares, lost certificates, duplicate mailings or change of address notifications should be directed to the transfer agent. UMB Bank, N.A. 928 Grand Blvd. Kansas City, Missouri 64106...