Chesapeake Energy 2015 Annual Report Download - page 44

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40
ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Financial Data
The following table sets forth certain information regarding our production volumes, oil, natural gas and NGL
sales, average sales prices received, and other operating income and expenses for the periods indicated:
Years Ended December 31,
2015 2014 2013
Net Production:
Oil (mmbbl) ............................................................................................... 42 42 41
Natural gas (bcf) ....................................................................................... 1,070 1,095 1,095
NGL (mmbbl) ............................................................................................ 28 33 21
Oil equivalent (mmboe)(a) .......................................................................... 248 258 244
Oil, Natural Gas and NGL Sales ($ in millions)(b):
Oil sales .................................................................................................... $ 1,904 $ 3,778 $ 3,977
Oil derivatives – realized gains (losses)(c) ................................................. 880 (185) (108)
Oil derivatives – unrealized gains (losses)(c) ............................................. (536) 859 280
Total oil sales ...................................................................................... 2,248 4,452 4,149
Natural gas sales ...................................................................................... 2,470 4,535 3,767
Natural gas derivatives – realized gains (losses)(c) ................................... 437 (191) 9
Natural gas derivatives – unrealized gains (losses)(c) ............................... (157) 535 (52)
Total natural gas sales........................................................................ 2,750 4,879 3,724
NGL sales ................................................................................................. 393 1,023 753
Total NGL sales .................................................................................. 393 1,023 753
Total oil, natural gas and NGL sales............................................. $ 5,391 $ 10,354 $ 8,626
Average Sales Price (excluding gains (losses) on derivatives):
Oil ($ per bbl) ............................................................................................ $ 45.77 $ 89.41 $ 96.78
Natural gas ($ per mcf) ............................................................................. $ 2.31 $ 4.14 $ 3.44
NGL ($ per bbl) ......................................................................................... $ 14.06 $ 30.95 $ 36.08
Oil equivalent ($ per boe) .......................................................................... $ 19.23 $ 36.21 $ 34.77
Average Sales Price (including realized gains (losses) on derivatives):
Oil ($ per bbl) ............................................................................................ $ 66.91 $ 85.04 $ 94.14
Natural gas ($ per mcf) ............................................................................. $ 2.72 $ 3.97 $ 3.45
NGL ($ per bbl) ......................................................................................... $ 14.06 $ 30.95 $ 36.08
Oil equivalent ($ per boe) .......................................................................... $ 24.54 $ 34.74 $ 34.36