Chesapeake Energy 2004 Annual Report Download - page 5

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•Chesapeake was among the top financial and
operating performers among exploration
and production companies in 2004.
•Chesapeake is the most active driller of
new wells in the U.S., currently utilizing
75 drilling rigs to generate expected 2005
organic growth of approximately 10%.
•Chesapeake has delivered annual average
production growth of 28% and annual average
proved reserves growth of 38% during the
past four years.
•In 2004, Chesapeake’s revenues increased by
58% to $2.7 billion and net income to common
shareholders increased 51% to $439 million.
•Total return to common shareholders in 2004
reached 23%, increasing total return to
common shareholders to almost 1,600% for
the 12 years since our IPO in 1993.
Natural Gas
Natural Gas. Natural Advantages.
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, Texas Gulf Coast
and Ark-La-Tex regions of the United States. The company owns interests in
approximately 20,000 producing oil and gas wells and has a proved oil and natural
gas reserve base of 5.4(1) tcfe – 90% of which is natural gas.
(1) Pro forma for 2005 acquisitions announced through 4/15/05