Chesapeake Energy 2009 Annual Report Download - page 9

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LETTER TO SHAREHOLDERS 7
INDUSTRY-LEADING POSITIONS IN THE
BIG 6 SHALE PLAYS PLUS EMERGING
UNCONVENTIONAL OIL PLAYS
BARNETT SHALE — North-Central Texas
• Largest natural gas producing field in the U.S.
• Chesapeake is the second-largest producer, most active
driller and largest leasehold owner in the Core and Tier 1
sweet spots of Tarrant and Johnson counties
• 2009 total net production of 240 bcfe
• Proved reserves of 3,430 bcfe on 290,000 net leasehold acres
FAYETTEVILLE SHALE — Central Arkansas
• Third-largest producing shale play in the U.S.
• Chesapeake is the second-largest producer
• 2009 total net production of 90 bcfe
• Proved reserves of 2,170 bcfe on 460,000 net leasehold acres
HAYNESVILLE/ BOSSIER SHALE — Northwest Louisiana
and East Texas
• Second-largest producing shale play in the U.S.
• Chesapeake is largest leasehold owner, largest producer and
most active driller
• 2009 total net production of 85 bcfe
• Proved reserves of 1,830 bcfe on 520,000 net leasehold acres
MARCELLUS SHALE — West Virginia through Northern
Pennsylvania and into Southern New York
• Projected to become the largest natural gas field in the U.S.
• Chesapeake is the largest leasehold owner and most active driller
• 2009 total net production of 15 bcfe
• Proved reserves of 260 bcfe on 1.6 million net leasehold acres
EAGLE FORD SHALE — South Texas
• Newly emerging play
• Cornerstone of Chesapeake’s plan to rapidly increase its oil
and natural gas liquids production
• Rapidly increasing leasehold position, from 80,000 net acres
at year-end 2009 to 300,000 net acres today
GREATER GRANITE WASH — Western Oklahoma and
Texas Panhandle
• Combines high-volume natural gas with significant oil and
natural gas liquids and generates the highest rates of return
in the company
• Chesapeake is the largest leasehold owner, largest producer and
most active driller
• 2009 total net production of 70 bcfe
• Proved reserves of 1,090 bcfe on 190,000 net leasehold acres
Assets
HAYNESVILLE SHALE