Sign Up Now!
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
Chesapeake Energy Corp
May 2012 Investor Presentation
| Jeffrey L. Mobley | Page 2 of 11 |
March 08, 2014
View in Results
"Chesapeake Energy Corp"
View Full Document
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
We believe this is an excellent series of accomplishments in a very tough year for the industry as natural gas prices declined ~30% We are focused on executing our transformation to a more balanced asset base between liquids and natural gas - (1) Reconciliations of non - GAAP financial measures to comparable GAAP measures appear on pages 35 37 (2) Based on trailing 12 - month average price required by SEC rules 2 Top - tier production growth averaged ~ 3.7 bcfe/d, up 18% YOY and 2% sequentially despite voluntary average daily net curtailments of ~330 mmcf liquids production of ~113,600 bbls/d; up 69% YOY and 7% sequentially Liquids now 19% of total production and 61% of unhedged natural gas and liquids revenue financial performance ~$840 mm of adjusted ebidta (1) ~$ 910 mm of operating cash flow (1) ~$ 95 mm of adjusted net income to common (1) $0.18 of adjusted earnings per fully diluted common share (1) Added net proved reserves of 1.8 tcfe , or 300 mmboe, through the drillbit at a drilling and completion cost on proved properties of only $ 1.19/mcfe ,or $7.14/boe (2) On track to complete expected $11.5 - 14.0 billion of total asset monetizations by year - end P roceeds to fully fund capex budget and r educe long - term debt to $9.5 billion by YE 2012 Capex for drilling, completion and leasehold to be significantly reduced from during remainder of 2012 and in 2013