Chesapeake Energy 2009 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2009 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.

Page out of 48

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48

CORPORATE INFORMATION
CORPORATE HEADQUARTERS
6100 North Western Avenue
Oklahoma City, OK 73118
(405) 935-8000
INTERNET ADDRESS
Company financial information, public disclo-
sures and other information are available through
Chesapeake’s web site at www.chk.com.
COMMON STOCK
Chesapeake Energy Corporation’s common
stock is listed on the New York Stock Exchange
(NYSE) under the symbol CHK. As of March 31,
2010, there were approximately 455,000 ben-
eficial owners of our common stock.
COMMON STOCK DIVIDENDS
During 2009, the company declared a cash div-
idend of $0.075 per share on March 17, June 15,
September 24 and December 18 for a total div-
idend declared of $0.30 per share.
INDEPENDENT PUBLIC
ACCOUNTANTS
PricewaterhouseCoopers LLP
6120 South Yale, Suite 1850
Tulsa, OK 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 our transfer agent:
Computershare Trust Company, N.A.
250 Royall Street
Canton, MA 02021
(800) 884-4225
TRUSTEE FOR THE COMPANY’S
SENIOR NOTES
The Bank of New York Mellon Trust
Company, N.A.
101 Barclay Street, 8th Floor
New York, NY 10286
FORWARD-LOOKING
STATEMENTS
This report includes “forward-looking state-
ments” that give our current expectations
or forecasts of future events. They include
estimates of natural gas and oil reserves,
expected production, assumptions regard-
ing future natural gas and oil prices, and
planned drilling activity and capital expen-
ditures, as well as statements concerning
anticipated cash flow and liquidity, business
strategy and other plans and objectives for
future operations.
Although we believe the expectations and
forecasts reflected in these and other for-
ward-looking statements are reasonable,
we can give no assurance they will prove to
have been correct. They can be affected by
inaccurate assumptions or by known or un-
known risks and uncertainties.
Factors that could cause actual results to
differ materially from expected results are
described under “Risk Factors” in Item 1A
of our 2009 Annual Report on Form 10-K
included in this report. We caution you not
to place undue reliance on forward-looking
statements, and we undertake no obligation
to update this information. We urge you to
carefully review and consider the disclosures
made in this report and our other filings with
the Securities and Exchange Commission
regarding the risks and factors that may
affect our business.
The SEC requires natural gas and oil compa-
nies, in filings made with the SEC, to disclose
proved reserves and, beginning with filings
reporting year-end 2009 reserves, permits the
optional disclosure of probable and possible
reserves. While Chesapeake has elected not to
report probable and possible reserves in its fil-
ings with the SEC, we have provided estimates
in this report of what we consider to be our
“total resource base.” This term includes our
estimated proved reserves as well as “risked
and unrisked unproved resources,” which
represent Chesapeake’s internal estimates
of volumes of natural gas and oil that are not
classified as proved reserves but are poten-
tially recoverable through exploratory drilling
or additional drilling or recovery techniques.
Our estimates of unproved resources are not
intended to correspond to probable and pos-
sible reserves, as defined by SEC regulations,
are by their nature more speculative than
estimates of proved reserves and accord-
ingly are subject to substantially greater risk
of being actually realized by the company.
2010 High Low Last
First Quarter $ 29.22 $ 22.10 $ 23.64
2009 High Low Last
Fourth Quarter $ 30.00 $ 22.06 $ 25.88
Third Quarter 29.49 16.92 28.40
Second Quarter 24.66 16.43 19.83
First Quarter 20.13 13.27 17.06
2008 High Low Last
Fourth Quarter $ 35.46 $ 9.84 $ 16.17
Third Quarter 74.00 31.15 35.86
Second Quarter 68.10 45.25 65.96
First Quarter 49.87 34.42 46.15
2007 High Low Last
Fourth Quarter $ 41.19 $ 34.90 $ 39.20
Third Quarter 37.55 31.38 35.26
Second Quarter 37.75 30.88 34.60
First Quarter 31.83 27.27 30.88
Cert no. SCS-COC-000648