94 Employees. 395,000 Acres million 12-month mcf of gas production million Gas barrels of oil equivalent. 2 4 Rigs. Louisiana Overview

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Louisiana Overview Chesapeake is one of the largest natural gas producers in Louisiana and has field offices in Bossier Parish and DeSoto Parish, located at the center of the Haynesville

Between 2008 2010, according to the Louisiana Oil and Gas Association, operations in the Haynesville Shale generated approximately $40 billion in direct and indirect economic growth.

In 2009 alone, the extraction activities in the Haynesville generated approximately $10.6 billion in new business sales and nearly $5.7 billion in household earnings within Louisiana.

1 Louisiana Overview Chesapeake is one of the largest natural gas producers in Louisiana and has field offices in Bossier Parish and DeSoto Parish, located at the center of the Haynesville Shale. Between , according to the Louisiana Oil and Gas Association, operations in the Haynesville Shale generated approximately $40 billion in direct and indirect economic growth. Over that time period, the Haynesville has supported more than 100,000 jobs and provided Louisiana with more than $1.3 billion in local and state tax revenue. In 2009 alone, the extraction activities in the Haynesville generated approximately $10.6 billion in new business sales and nearly $5.7 billion in household earnings within Louisiana. Headquartered in Oklahoma City, Chesapeake s operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns oil and natural gas marketing and natural gas gathering and compression businesses. Shreveport Mansfield Baton Rouge , million 67.4 million 2 4

Oklahoma Overview Headquartered in Oklahoma City, Chesapeake is one of the largest oil and natural gas producers in Oklahoma, with field offices in Woodward, Waynoka, Weatherford,

5 billion in capital investments in Oklahoma. It is estimated, using EIA.gov calculations, that this will support 30,000 jobs and 165,000 indirect jobs.

In March 2017, the gross production tax on oil and natural gas generated a 102.2% increase over last year s March collections.

These earnings help to fund small businesses, agricultural operations, education savings accounts, retirement savings and more.

2 Oklahoma Overview Headquartered in Oklahoma City, Chesapeake is one of the largest oil and natural gas producers in Oklahoma, with field offices in Woodward, Waynoka, Weatherford, Kingfisher and Lindsay supporting more than 2,000 employees. According to the Oklahoma Oil and Gas Association, for 2017, five of the most active drillers in Oklahoma have pledged $5.5 billion in capital investments in Oklahoma. It is estimated, using EIA.gov calculations, that this will support 30,000 jobs and 165,000 indirect jobs. It will also generate millions more in new revenue dollars for the state. In January and February of 2017, the oil and natural gas sector created more than 2,500 Oklahoma jobs. In March 2017, the gross production tax on oil and natural gas generated a 102.2% increase over last year s March collections. In fiscal year 2015, the oil and natural gas industry paid an estimated $1.7 billion in royalties to Oklahomans. These earnings help to fund small businesses, agricultural operations, education savings accounts, retirement savings and more. Chesapeake s operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns oil and natural gas marketing and natural gas gathering and compression businesses. Woodward Weatherford Waynoka Lindsay Kingfisher Oklahoma City 2, million 10.5 million million 36 million 2 5

Ohio Overview Chesapeake is one of the largest producers of oil and natural gas in Ohio, with field offices in Louisville and St.

According to an Ohio Oil and Gas Association and Energy In Depth 2017 report, the oil and natural gas industry contributed $43.

The report projects that over the next decade, $200 $250 million will be paid to these six Ohio counties alone.

3 Ohio Overview Chesapeake is one of the largest producers of oil and natural gas in Ohio, with field offices in Louisville and St. Clairsville supporting our operations in the state. According to an Ohio Oil and Gas Association and Energy In Depth 2017 report, the oil and natural gas industry contributed $43.7 million to Belmont, Carroll, Guernsey, Harrison, Monroe and Nobile counties from 2010 to The report projects that over the next decade, $200 $250 million will be paid to these six Ohio counties alone. Headquartered in Oklahoma City, Chesapeake s operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns oil and natural gas marketing and natural gas gathering and compression businesses million 5.8 million million 55 million 1 3 Columbus Louisville St. Clairsville

Pennsylvania Overview Chesapeake is one of the largest producers of natural gas in Pennsylvania, with field offices in Harrisburg and Sayre supporting more

According to the Marcellus Shale Coalition, more than $1 billion has been invested by Pennsylvania shale industry in road and infrastructure improvements

In 2013, safe shale development supported 245,000 Pennsylvania jobs, with an average core job paying $90,000 a year.

4 Pennsylvania Overview Chesapeake is one of the largest producers of natural gas in Pennsylvania, with field offices in Harrisburg and Sayre supporting more than 100 employees. According to the Marcellus Shale Coalition, more than $1 billion has been invested by Pennsylvania shale industry in road and infrastructure improvements since $2.1 billion in tax revenues has been generated in the state by responsible shale development. In 2013, safe shale development supported 245,000 Pennsylvania jobs, with an average core job paying $90,000 a year. Headquartered in Oklahoma City, Chesapeake s operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns oil and natural gas marketing and natural gas gathering and compression businesses , , million million 1 3 Sayre Harrisburg

Texas Overview Chesapeake is one of the largest producers in South Texas s Eagle Ford Shale, with field

A 2013 University of Texas- San Antonio study suggested that up to 5,000 new wells could be drilled in

large and geographically diverse resource base of unconventional oil and natural gas assets onshore in

5 Texas Overview Chesapeake is one of the largest producers in South Texas s Eagle Ford Shale, with field offices in Carrizo Springs, Cotulla and San Antonio supporting our employees and operations. A 2013 University of Texas- San Antonio study suggested that up to 5,000 new wells could be drilled in the Eagle Ford by 2020, which may add 68,000 full-time jobs in Texas and a potential economic impact of $21.5 billion. Headquartered in Oklahoma City, Chesapeake s operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns oil and natural gas marketing and natural gas gathering and compression businesses , million million 85.8 million 4 7 Carrizo Springs San Antonio Cotulla Austin

Wyoming Overview Chesapeake is growing its operations in Wyoming s Powder River Basin, with expanding field offices in Casper and Douglas.

of just over $1.1 billion. In fiscal year 2015, oil and gas production contributed $714.1 million in property taxes, $682.

Headquartered in Oklahoma City, Chesapeake s operations are focused on discovering and developing its large and geographically diverse resource base of

6 Wyoming Overview Chesapeake is growing its operations in Wyoming s Powder River Basin, with expanding field offices in Casper and Douglas. According to the Petroleum Association of Wyoming, in 2015 Wyoming s petroleum industry directly employed more than 20,400 people with an annual payroll of just over $1.1 billion. In fiscal year 2015, oil and gas production contributed $714.1 million in property taxes, $682.2 million in service taxes, $145.2 million in state royalties and $209 million in sales and use taxes. Headquartered in Oklahoma City, Chesapeake s operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns oil and natural gas marketing and natural gas gathering and compression businesses , million 20.2 million 6 million 2 4 Douglas Casper Cheyenne

N e w s R e l e a s e

N e w s R e l e a s e Chesapeake Energy Corporation P. O. Box 18496 Oklahoma City, OK 73154 FOR IMMEDIATE RELEASE AUGUST 2, 2010 INVESTOR CONTACTS: JEFFREY L. MOBLEY, CFA (405) 767-4763 jeff.mobley@chk.com