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2009 Annual Report - Fueling America's Future - Chesapeake Energy

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NATURAL GAS:FUELING AMERICA’S FUTURE<strong>2009</strong> ANNUAL REPORT CHESAPEAKE ENERGY CORPORATION


CORPORATE PROFILE<strong>Chesapeake</strong> <strong>Energy</strong> Corporation is the second-largest producer of natural gas and the most active driller of newwells in the U.S. Headquartered in Oklahoma City, the company’s operations are focused on discovering anddeveloping unconventional natural gas and oil fields onshore in the U.S. <strong>Chesapeake</strong> owns leading positions inthe Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Eagle Ford, GraniteWash and various other unconventional oil plays. The company has also vertically integrated its operations andowns substantial midstream, compression, drilling and oilfield service assets. <strong>Chesapeake</strong>’s stock is listed on theNew York Stock Exchange under the symbol CHK. Further information is available at www.chk.com.ON THE COVERScenes from the fieldto the natural gasfueling station depicthow <strong>Chesapeake</strong>explores for, producesand advocates theexpanded use ofnatural gas — the clean,affordable, abundantenergy resource thatis <strong>Fueling</strong> America’s<strong>Future</strong>.CONTENTS1 FINANCIAL REVIEW4 LETTER TO SHAREHOLDERS14 FUELING AMERICA’S FUTURE16 OPERATING AREAS20 INVESTOR Q&A22 SOCIAL RESPONSIBILITY24 COMMUNITY RELATIONS26 ENVIRONMENTAL, HEALTH& SAFETY28 BOARD OF DIRECTORS28 GOVERNANCE29 OFFICERS30 EMPLOYEES45 FORM 10-KINSIDE BACK COVERCORPORATE INFORMATION


PRODUCTION GROWTHAverage mmcfe per day for year2,500PROVED RESERVE GROWTHBcfe at end of year15,000TOTAL RESOURCE BASE GROWTHBcfe at end of year80,0002,00012,00070,00060,0001,5001,0009,0006,00050,00040,00030,0005003,00020,00010,000099 00 01 02 03 04 05 06 07 08 09099 00 01 02 03 04 05 06 07 08 09099 00 01 02 03 04 05 06 07 08 09CHESAPEAKE’S STOCK PRICE <strong>Chesapeake</strong>’s Stock Price at Month End Henry Hub Natural Gas Spot Price at Month End$ 70$ 17.50$ 60$ 15.00$ 50$ 12.50CHK Stock Price$ 40$ 30$ 10.00$ 7.50$/mcf$ 20$ 5.00$ 10$ 2.50$ 0JAN 99 JAN 00 JAN 01 JAN 02 JAN 03 JAN 04 JAN 05 JAN 06 JAN 07 JAN 08 JAN 09$ 0CHESAPEAKE’S FIVE-YEAR AND TEN-YEAR COMMON STOCK PERFORMANCEThe graphs below compare the performance of our common stock to the S&P 500 Stock Index and two groups of peer companies for the past five and 10years. The graph on the left assumes an investment of $100 on December 31, 2004 and the reinvestment of all dividends. The graph on the right assumes aninvestment of $100 on December 31, 1999 and the reinvestment of all dividends. The graphs show the value of the investment at the end of each year.FIVE-YEAR PERFORMANCEAs of December 31 CHK <strong>2009</strong> Peer Group (1)2008 Peer Group (1) S&P 500$ 250$ 200$ 150TEN-YEAR PERFORMANCEAs of December 31 CHK <strong>2009</strong> Peer Group (1)2008 Peer Group (1) S&P 500$ 2,000$ 1,750$ 1,500$ 1,250$ 1,000$ 100$ 750$ 50$ 500$ 250$ 004 05 06 07 08 09$ 099 00 01 02 03 04 05 06 07 08 09(1)The <strong>2009</strong> peer group is comprised of Anadarko Petroleum Corporation, Apache Corporation, Devon <strong>Energy</strong> Corporation, Encana Corporation, EOG Resources, Inc. and XTO <strong>Energy</strong>, Inc. The 2008 peer group wascomprised of Anadarko Petroleum Corporation, Apache Corporation, Cabot Oil & Gas Corporation, Devon <strong>Energy</strong> Corporation, EOG Resources, Inc., Forest Oil Corporation, Newfield Exploration Company, Noble<strong>Energy</strong>, Inc., Occidental Petroleum Corporation, Pioneer Natural Resources Company, Quicksilver Resources, Inc., Range Resources Corporation, Southwestern <strong>Energy</strong> Company, St. Mary Land & ExplorationCompany and XTO <strong>Energy</strong>, Inc. The change in peer group composition was made in order to show the returns of <strong>Chesapeake</strong> vs. other North American gas-focused large-cap E&P companies.FINANCIAL REVIEW 3


FINANCIAL REVIEW($ in millions, except per share data)RevenuesNatural gas and oil sales $ 5,049 $ 7,858 $ 5,624 $ 5,619 $ 3,273 $ 1,936 $ 1,297Midstream and service operations revenue 2,653 3,771 2,176 1,707 1,392 773 420Total revenues $ 7,702 $ 11,629 $ 7,800 $ 7,326 $ 4,665 $ 2,709 $ 1,717Operating costsProduction expenses 876 889 640 490 317 205 138Production taxes 107 284 216 176 208 104 78General and administrative expenses 349 377 243 139 64 37 24Midstream and service operations expenses 2,498 3,648 2,063 1,590 1,358 755 410Depreciation, depletion and amortization 1,615 2,144 1,988 1,462 945 611 386Impairments and other 11,202 2,830 — 55 — 5 6Total operating costs 16,647 10,172 5,150 3,912 2,892 1,717 1,042Income (loss) from operations (8,945) 1,457 2,650 3,414 1,773 992 675Other income (expense) (28) (11) 15 26 10 5 1Interest expense (113) (271) (401) (316) (221) (167) (154)Miscellaneous gains (losses) (202) (184) 83 117 (70) (25) (21)Total other income (expense) (343) (466) (303) (173) (281) (187) (174)Income (loss) before income taxes and cumulative effect of accounting change (9,288) 991 2,347 3,241 1,492 805 501Income tax expense (benefit):Current 4 423 29 5 — — 5Deferred (3,487) (36) 863 1,242 545 290 185Net income (loss) before cumulative effect of accounting change, net of tax (5,805) 604 1,455 1,994 947 515 311Net (income) loss attributable to noncontrolling interest (25) — — — — — —Cumulative effect of accounting change, net of tax — — — — — — 2Net Income (loss) $ (5,830) $ 604 $ 1,455 $ 1,994 $ 947 $ 515 $ 313Preferred stock dividends (23) (33) (94) (89) (42) (40) (22)Gain (loss) on redemption of preferred stock — (67) (128) (10) (26) (36) —Net income (loss) available to common stockholders $ (5,853) $ 504 $ 1,233 $ 1,895 $ 879 $ 439 $ 291Earnings per common share – basic:Income (loss) before cumulative effect of accounting change $ (9.57) $ 0.94 $ 2.70 $ 4.76 $ 2.73 $ 1.73 $ 1.36Cumulative effect of accounting change — — — — — — 0.02EPS – basic $ (9.57) $ 0.94 $ 2.70 $ 4.76 $ 2.73 $ 1.73 $ 1.38Earnings per common share – assuming dilution:Income (loss) before cumulative effect of accounting change $ (9.57) $ 0.93 $ 2.63 $ 4.33 $ 2.51 $ 1.53 $ 1.20Cumulative effect of accounting change — — — — — — 0.01EPS – assuming dilution $ (9.57) $ 0.93 $ 2.63 $ 4.33 $ 2.51 $ 1.53 $ 1.21Cash provided by (used in) operating activities (GAAP) $ 4,356 $ 5,357 $ 4,974 $ 4,843 $ 2,407 $ 1,432 $ 939Operating cash flow (non-GAAP) * $ 4,333 $ 5,299 $ 4,675 $ 4,040 $ 2,426 $ 1,403 $ 897Balance Sheet Data (at end of period)Total assets $ 29,914 $ 38,593 $ 30,764 $ 24,413 $ 16,114 $ 8,245 $ 4,572Long-term debt, net of current maturities 12,295 13,175 10,178 7,187 5,286 3,075 2,058Total equity (deficit) $ 12,341 $ 17,017 $ 12,624 $ 11,366 $ 6,299 $ 3,163 $ 1,733Other Operating and Financial DataProved reserves in natural gas equivalents (bcfe) 14,254 12,051 10,879 8,956 7,521 4,902 3,169<strong>Future</strong> net natural gas and oil revenues discounted at 10% ** $ 9,449 $ 15,601 $ 20,573 $ 13,647 $ 22,934 $ 10,504 $ 7,333Natural gas price used in reserve report (per mcf) $ 3.13 $ 5.12 $ 6.19 $ 5.41 $ 8.76 $ 5.65 $ 5.68Oil price used in reserve report (per bbl) $ 56.72 $ 41.60 $ 90.58 $ 56.25 $ 56.41 $ 39.91 $ 30.22Natural gas production (bcf) 835 775 655 526 422 322 240Oil production (mmbbl) 11.8 11.2 9.9 8.7 7.7 6.8 4.7Production (bcfe) 906 843 714 578 469 363 268Sales price per mcfe *** $ 6.22 $ 8.38 $ 8.40 $ 8.86 $ 6.90 $ 5.23 $ 4.79Production expense per mcfe $ 0.97 $ 1.05 $ 0.90 $ 0.85 $ 0.68 $ 0.56 $ 0.51Production taxes per mcfe $ 0.12 $ 0.34 $ 0.30 $ 0.31 $ 0.44 $ 0.29 $ 0.29General and administrative expense per mcfe $ 0.38 $ 0.45 $ 0.34 $ 0.24 $ 0.14 $ 0.10 $ 0.09Depreciation, depletion and amortization expense per mcfe $ 1.78 $ 2.55 $ 2.78 $ 2.53 $ 2.02 $ 1.69 $ 1.44Number of employees (full-time at end of period) 8,152 7,649 6,219 4,883 2,885 1,718 1,192Cash dividends declared per common share $ 0.30 $ 0.2925 $ 0.2625 $ 0.23 $ 0.195 $ 0.17 $ 0.135Stock price (at end of period – split adjusted) $ 25.88 $ 16.17 $ 39.20 $ 29.05 $ 31.73 $ 16.50 $ 13.58* See page 13 for definition of this non-GAAP measure.** PV-10 is the present value (10% discount rate) of estimated future gross revenues to be generated from the production of proved reserves, net of production and future development costs, using assumed prices and costs.Please see page 129 of our Form 10-K for information on the standardized measure of discounted future net cash flows.*** Excludes unrealized gains (losses) on natural gas and oil hedging.Years Ended December 31Financial and Operating Data <strong>2009</strong> 2008 2007 2006 2005 2004 20031 CHESAPEAKE ENERGY CORPORATION


Six MonthsEndedDecember 31Years Ended June 302002 2001 2000 1999 1998 1997 1997 1996 1995 1994 1993$ 568 $ 820 $ 470 $ 280 $ 257 $ 96 $ 193 $ 111 $ 57 $ 22 $ 12171 149 158 75 121 58 76 35 9 7 5$ 739 $ 969 $ 628 $ 355 $ 378 $ 154 $ 269 $ 146 $ 66 $ 29 $ 1798 75 50 46 51 8 11 6 3 2 330 33 25 13 8 2 4 2 1 2 —18 15 13 13 20 6 9 5 4 3 3166 144 152 72 119 58 75 33 8 5 4235 182 109 103 155 63 107 54 27 10 5— — — — 881 110 236 — — — 1547 449 349 247 1,234 247 442 100 43 22 16192 520 279 108 (856) (93) (173) 46 23 7 17 3 3 8 4 79 11 4 2 1 1(112) (98) (86) (81) (68) (18) (18) (14) (7) (3) (2)(20) (63) — — (14) — (7) — — — —(125) (158) (83) (73) (78) 61 (14) (10) (5) (2) (1)67 362 196 35 (934) (32) (187) 36 18 5 —(2) 4 — — — — — — — — —29 141 (260) 2 — — (4) 13 6 1 —40 217 456 33 (934) (32) (183) 23 12 4 —— — — — — — — — — — —— — — — — — — — — — —$ 40 $ 217 $ 456 $ 33 $ (934) $ (32) $ (183) $ 23 $ 12 $ 4 —(10) (2) (9) (16) (12) — — — — — (1)— — 7 — — — — — — — —$ 30 $ 215 $ 454 $ 17 $ (946) $ (32) $ (183) $ 23 $ 12 $ 4 $ (1)$ 0.18 $ 1.33 $ 3.52 $ 0.17 $ (9.97) $ (0.45) $ (2.79) $ 0.43 $ 0.22 $ 0.08 $ (0.02)— — — — — — — — — — —$ 0.18 $ 1.33 $ 3.52 $ 0.17 $ (9.97) $ (0.45) $ (2.79) $ 0.43 $ 0.22 $ 0.08 $ (0.02)$ 0.17 $ 1.25 $ 3.01 $ 0.16 $ (9.97) $ (0.45) $ (2.79) $ 0.40 $ 0.21 $ 0.08 $ (0.02)— — — — — — — — — — —$ 0.17 $ 1.25 $ 3.01 $ 0.16 $ (9.97) $ (0.45) $ (2.79) $ 0.40 $ 0.21 $ 0.08 $ (0.02)$ 429 $ 478 $ 315 $ 145 $ 95 $ 139 $ 84 $ 121 $ 55 $ 19 $ (1)$ 409 $ 443 $ 306 $ 139 $ 118 $ 68 $ 161 $ 88 $ 46 $ 16 $ 4$ 2,876 $ 2,287 $ 1,440 $ 851 $ 813 $ 953 $ 949 $ 572 $ 277 $ 126 $ 791,651 1,329 945 964 919 509 509 268 146 48 14$ 908 $ 767 $ 313 $ (218) $ (249) $ 280 $ 287 $ 178 $ 45 $ 31 $ 312,205 1,780 1,355 1,206 1,091 448 403 425 243 142 137$ 3,718 $ 1,647 $ 6,046 $ 1,089 $ 661 $ 467 $ 437 $ 547 $ 188 $ 141 $ 142$ 4.28 $ 2.51 $ 10.12 $ 2.25 $ 1.68 $ 2.29 $ 2.12 $ 2.41 $ 1.60 $ 1.98 $ 2.43$ 30.18 $ 18.82 $ 26.41 $ 24.72 $ 10.48 $ 17.62 $ 18.38 $ 20.90 $ 17.41 $ 18.27 $ 18.71161 144 116 109 94 27 62 52 25 7 33.5 2.9 3.1 4.1 6.0 1.9 2.8 1.4 1.1 0.5 0.3181 161 134 133 130 38 79 60 32 10 4$ 3.61 $ 4.56 $ 3.50 $ 2.10 $ 1.97 $ 2.49 $ 2.45 $ 1.84 $ 1.78 $ 2.21 $ 2.68$ 0.54 $ 0.47 $ 0.37 $ 0.35 $ 0.39 $ 0.20 $ 0.15 $ 0.11 $ 0.11 $ 0.21 $ 0.67$ 0.17 $ 0.20 $ 0.19 $ 0.10 $ 0.06 $ 0.07 $ 0.05 $ 0.03 $ 0.03 $ 0.15 —$ 0.10 $ 0.09 $ 0.10 $ 0.10 $ 0.15 $ 0.15 $ 0.11 $ 0.08 $ 0.11 $ 0.31 $ 0.84$ 1.30 $ 1.12 $ 0.81 $ 0.77 $ 1.19 $ 1.63 $ 1.36 $ 0.90 $ 0.85 $ 0.99 $ 1.09866 677 462 424 481 360 362 344 325 250 150$ 0.06 — — — $ 0.04 $ 0.04 $ 0.02 — — — —$ 7.74 $ 6.61 $ 10.12 $ 2.38 $ 0.94 $ 7.50 $ 9.81 $ 29.52 $ 5.64 $ 0.85 $ 1.18FINANCIAL REVIEW 2


LETTER TO SHAREHOLDERSDear Fellow Shareholders,Marking the 20th anniversary since our founding, <strong>2009</strong> was a very successful yearfor <strong>Chesapeake</strong>, even though average natural gas prices fell 56% in <strong>2009</strong>compared to 2008: Average daily natural gas and oil productionincreased 8% from 2.3 billion cubic feet ofnatural gas equivalent (bcfe) in 2008 to 2.5bcfe in <strong>2009</strong>;Aubrey K. McClendon,Co-Founder, Chairmanand Chief Executive Officer Proved natural gas and oil reserves increased18% in <strong>2009</strong>, from 12.1 trillion cubic feet ofnatural gas equivalent (tcfe) to 14.3 tcfe; Reserve replacement for the year reached 343%at a drilling and net acquisition cost of only$0.74 per thousand cubic feet of natural gasequivalent (mcfe) (1) ; Cash hedging gains were $2.3 billion; Our stock price increased 60% in <strong>2009</strong>, from$16.17 to $25.88; Revenues totaled $7.7 billion; Adjusted ebitda (2) was $4.4 billion; Operating cash flow (2) totaled $4.3 billion; and Adjusted earnings per fully diluted share (2)were $2.55.HAYNESVILLE SHALE DRILLING RIG Shreveport, LouisianaTHE PAST AS PROLOGUEIn May 1989, I co-founded <strong>Chesapeake</strong> to takeadvantage of a newly developed technology calledhorizontal drilling. At the time, my business partnerTom Ward and I were two self-employed landmenworking together to develop prospects for othercompanies to drill. These prospects were located insouthern Oklahoma and in South Texas where we assembledlarge land positions that were underlain byfractured carbonates — reservoirs which were not atthe time considered economic to develop using conventionalvertical drilling technologies.Convinced the conventional wisdom aboutthese formations was wrong, we started developingthe prospects ourselves using horizontal drilling.We didn’t know it then, but those prospects todaywould be called unconventional reservoirs (so-calledbecause they are generally nonproductive without4 CHESAPEAKE ENERGY CORPORATION


the implementation of advanced horizontal drillingand fracture stimulation technologies). To us, it wassimply a very logical way to combine a new technologywith our land acquisition skills to crack the codefor economically developing large scale projects thatcould be company-makers.Ironically, that is precisely what <strong>Chesapeake</strong> doestoday — uses its cutting-edge technological capabilitiesand industry-leading land acquisition skillsto develop new unconventional reservoirs that haverecently become some of the largest, most active andmost highly valued natural gas development projectsin the world.While I am proud of our humble beginnings, I amalso proud that during its 20-year existence, <strong>Chesapeake</strong>has built an unparalleled asset portfolio, anindustry-leading technological position and a deepsense of environmental stewardship to become thenation’s second-largest natural gas producer, mostactive driller of new wells and most vocal proponentof natural gas as the best way to fuel America’s cleanenergy future.OUR POWERFUL ASSETSWhat will drive <strong>Chesapeake</strong>’s strong growth in thefuture? It will be our industry-leading position in the“Big 6” major natural gas shale plays in the U.S. — theBarnett, Fayetteville, Haynesville, Marcellus, Bossierand Eagle Ford shales — plus our emerging unconventionaloil plays. The Big 6 shale plays form the foundationof the American natural gas shale revolution andthey will create substantial value for <strong>Chesapeake</strong>’sshareholders for decades to come. And because thosekey shale plays are dominated by only 15 or so publiccompanies, we believe this group of shale pioneerswill emerge as the industry’s biggest winnersin the years ahead. <strong>Chesapeake</strong>’s Top 2 positionin five of the Big 6 shale plays (with no othercompany having more than one Top 2 position)should ensure that <strong>Chesapeake</strong> will emerge asthe biggest winner of all from the Big 6 shaleland rush.significance of the play until early 2004. We thenmade our first two property acquisitions in JohnsonCounty and set our sights on what we called the“doughnut hole” — Tarrant County, the home of FortWorth and more than 60 other municipalities.Most in the industry knew Tarrant County layabove the best Barnett rock in the entire play.What was unclear was how to develop it beneatha metropolitan area of almost two million people.After analyzing the challenges and opportunitiesof urban and suburban drilling, we concludedthat while most of our competitors would not wantto deal with these complexities, <strong>Chesapeake</strong>’soperational and land acquisition skills would beespecially well suited for successful urban developmentin the Barnett.Consequently, in 2005 we began leasing in earnestin Tarrant County, and today we own approximately200,000 leases, on which we estimate we could drillup to 2,400 future net wells in addition to our 1,100 netwells currently producing.Our most exciting development in the BarnettShale during <strong>2009</strong> was the signing of our fourth naturalgas shale joint venture agreement.This agreement closed in January 2010and involved <strong>Chesapeake</strong> selling 25% ofits assets in the Barnett to Paris-basedTotal, S.A., the world’s fifth-largestoil company. Total paid $2.25 billionin cash and drilling carries for its25% stake in the Barnett and we areextremely proud to welcome Total asone of our four highly valued joint venturepartners.Hard work, high-tech drillingrigs and gas-laden shale providea formula for success.Employees of Nomac Drilling,a <strong>Chesapeake</strong> subsidiary,operate the largest rig fleet inthe exploration and productionindustry as they drill fornatural gas in America’s Big 6shale plays.BARNETT SHALEDiscovered in the 1990s, the Barnett is thegranddaddy of all shale plays. <strong>Chesapeake</strong>acquired its first assets in the Barnett in 2001,but did not fully appreciate the potentialLETTER TO SHAREHOLDERS 5


The Haynesville Shale in Northwest Louisiana and East Texasis the shale play of which we are most proud because it wasdiscovered by <strong>Chesapeake</strong>’s own geoscientists and engineers.GRANITE WASHHigh-volume natural gas witha bonus of oil and natural gasliquids give the Granite Washoutstanding returns.BARNETT SHALEThe massive Barnett in northcentralTexas is the granddaddyof all natural gas shale plays.FAYETTEVILLE SHALEScenic central Arkansasis home to the prolificFayetteville Shale.MARCELLUS SHALEDeep beneath northernAppalachia, Marcellus Shalenatural gas will revitalizethe region.HAYNESVILLE SHALE<strong>Chesapeake</strong>’s discovery of theHaynesville makes the play’ssuccess even sweeter.FAYETTEVILLE SHALEThe Fayetteville Shale of central Arkansas emergedas the second important U.S. shale play in early 2005.<strong>Chesapeake</strong> had already developed a presence in theWoodford Shale of southeastern Oklahoma in 2004,so when we learned in 2005 of initial success in theFayetteville, we aggressively jumped into Arkansas,acquiring approximately 550,000 net acres of primeFayetteville acreage by mid-year 2008. Our drillingsuccess came quickly in the Fayetteville as ourknowledge of shale development from the Barnettand Woodford plays helped establish <strong>Chesapeake</strong> asthe second-largest player in the Fayetteville.A key to <strong>Chesapeake</strong>’s Fayetteville success hasbeen our September 2008 joint venture with LondonbasedBP, the world’s second-largest oil company.In this joint venture, we sold 25% of ourassets in the Fayetteville to BP for $1.9billion in cash and drilling carries. Today,we are producing from more than500 net wells in the Fayetteville on our460,000 net acres and estimate we coulddrill up to 5,200 additional net wells inthe years ahead.HAYNESVILLE SHALEThe Haynesville Shale in NorthwestLouisiana and East Texas is the shaleGRANITE WASHplay of which we are most proud because it wasdiscovered by <strong>Chesapeake</strong>’s own geoscientists andengineers. We began our geoscientific investigationof the Haynesville in 2005–06 and tested our theoriesthrough drilling in 2007. In 2008, we formed aninnovative joint venture with our well-respectedindustry partner, Houston-based Plains Exploration& Production Company, to which we sold 20% ofour Haynesville assets for $3.2 billion in cash anddrilling carries.The Haynesville Shale is now the nation’s secondlargestproducing shale play. It is so large (more thantwice the size of the Barnett core area) and so overpressured(holding more gas in place per square milethan the Barnett) that we believe it will likely surpassthe Barnett by 2014 to become the largest naturalgas producing field in the U.S. Ultimate recoveriesfrom the Haynesville could exceed 250 tcfe, making itpotentially one of the five largest natural gas fields inthe world. Today, we are producing from more than200 net wells in the Haynesville on our 520,000 netleasehold acres and estimate we could drill up to6,500 additional net wells in the years ahead.BARNETT SHALEFAYETTEVILLE SHALEMARCELLUS SHALE6 CHESAPEAKE ENERGY CORPORATION


INDUSTRY-LEADING POSITIONS IN THEBIG 6 SHALE PLAYS PLUS EMERGINGUNCONVENTIONAL OIL PLAYSBARNETT SHALE — North-Central Texas• Largest natural gas producing field in the U.S.• <strong>Chesapeake</strong> is the second-largest producer, most activedriller and largest leasehold owner in the Core and Tier 1sweet spots of Tarrant and Johnson counties• <strong>2009</strong> total net production of 240 bcfe• Proved reserves of 3,430 bcfe on 290,000 net leasehold acresFAYETTEVILLE SHALE — Central Arkansas• Third-largest producing shale play in the U.S.• <strong>Chesapeake</strong> is the second-largest producer• <strong>2009</strong> total net production of 90 bcfe• Proved reserves of 2,170 bcfe on 460,000 net leasehold acresHAYNESVILLE/ BOSSIER SHALE — Northwest Louisianaand East Texas• Second-largest producing shale play in the U.S.• <strong>Chesapeake</strong> is largest leasehold owner, largest producer andmost active driller• <strong>2009</strong> total net production of 85 bcfe• Proved reserves of 1,830 bcfe on 520,000 net leasehold acresMARCELLUS SHALE — West Virginia through NorthernPennsylvania and into Southern New York• Projected to become the largest natural gas field in the U.S.• <strong>Chesapeake</strong> is the largest leasehold owner and most active driller• <strong>2009</strong> total net production of 15 bcfe• Proved reserves of 260 bcfe on 1.6 million net leasehold acresEAGLE FORD SHALE — South Texas• Newly emerging play• Cornerstone of <strong>Chesapeake</strong>’s plan to rapidly increase its oiland natural gas liquids production• Rapidly increasing leasehold position, from 80,000 net acresat year-end <strong>2009</strong> to 300,000 net acres todayGREATER GRANITE WASH — Western Oklahoma andTexas Panhandle• Combines high-volume natural gas with significant oil andnatural gas liquids and generates the highest rates of returnin the company• <strong>Chesapeake</strong> is the largest leasehold owner, largest producer andmost active driller• <strong>2009</strong> total net production of 70 bcfe• Proved reserves of 1,090 bcfe on 190,000 net leasehold acresHAYNESVILLE SHALEAssetsLETTER TO SHAREHOLDERS 7


TECHNOLOGYAssociate Geologist EmikoBogard takes a closer lookat the microscopic qualitiesof shale.HORIZONTAL DRILLING<strong>Chesapeake</strong>’s expertise inhorizontal drilling has beena key factor in its success.CORE ANALYSISScientists in the company’sReservoir Technology Centerstudy core samples to unlockthe secrets of shale gas.MARCELLUS SHALEWe first became aware of the Marcellus in 2005 whenwe were negotiating our $2.2 billion acquisition ofAppalachia’s second-largest natural gas producer,Columbia Natural Resources, LLC (CNR). Although CNRwas not actively developing the Marcellus at thetime of our acquisition, <strong>Chesapeake</strong>’s geoscientistsrecognized that CNR’s industry-leading leaseholdposition in Appalachia would overlay a significantportion of the Marcellus in northwestern WestVirginia and southern New York (CNR had unfortunatelypreviously sold its Pennsylvania assets).In 2007, we aggressively accelerated our Marcellusleasehold acquisition efforts in Pennsylvania andbegan to prepare for our first drilling activities. Byearly 2008, we had determined the Marcellus couldbe prospective over an area of approximately 15 millionnet acres (approximately five times larger thanthe prospective Haynesville core area and 10 timeslarger than the Barnett core area).After acquiring 1.8 million net acres, we enteredinto a joint venture in late 2008 with Oslo, NorwaybasedStatoil, one of the largest and most respectedEuropean energy companies. In this transaction, wesold Statoil 32.5% of our Marcellus assets for $3.375billion in cash and drilling carries. In addition, wehave joined with Statoil in the search for other shaleplays around the world in a 50/50 partnership. Weare excited by the opportunity to extend our naturalgas shale expertise from the U.S. to other parts of theworld through our Statoil joint venture. Today, weare producing from more than 150 net wells in theMarcellus on our 1.6 million net acres and estimatewe could drill up to 20,000 additional net wells inthe years ahead.BOSSIER SHALEThe Bossier Shale is one of the two new shaleplays that expanded our “Big 4” shale playsfrom 2008 into the “Big 6” of <strong>2009</strong>. The Bossieroverlays a portion of the Haynesville Shaleand is perhaps the “sleeper” of the Big 6 shaleplays. The reason is that in Louisiana, leasesoften restrict the lessee (i.e., the producer) to onlyholding future drilling rights down through thedeepest formation drilled. Because the BossierHORIZONTAL DRILLINGTechnologyCORE ANALYSIS8 CHESAPEAKE ENERGY CORPORATION


lies above the Haynesville, horizontal wells drilledjust to the Bossier may not always hold Haynesvillerights. Therefore, <strong>Chesapeake</strong> and other producersare drilling aggressively to hold all rights throughthe Haynesville before the typical three-year-terminitial leases expire, so not much Bossier drilling is yetunderway. However, once our leases are HBP (heldby production) by Haynesville drilling, we will begindeveloping the Bossier Shale more aggressively in2013. In the Bossier play, we own 180,000 net acres onwhich we estimate we could drill up to 2,250 net wellsin the years ahead.EAGLE FORD SHALEThe Eagle Ford Shale of South Texas was the secondaddition to our Big 6 inventory in <strong>2009</strong>. The EagleFord is different from the other Big 6 shale playsbecause it has three distinct elements: a dry gas play,an oil play and a wet gas play. <strong>Chesapeake</strong> has acquiredapproximately 300,000 net acres to date, all of whichare in the oil and wet gas portions of the play. Giventhat oil and natural gas liquids are valued much morehighly than natural gas, we are focusing all of our EagleFord leasing efforts in the oil and wet gas portions ofthe play. Our first three wells have been successful, andwe expect to accelerate our drilling in the Eagle Ford in2010 and beyond. Our leasehold position could supportthe drilling of up to 2,000 additional net wells.LOOKING FOR MORE OILIn addition to further developing our Big 6 naturalgas shale plays, another important goal of the companyin 2010 is to find more oil. Oil comprised only8% of <strong>Chesapeake</strong>’s <strong>2009</strong> production, and with oilprices more than 3.5 times higher today than naturalgas prices on an energy equivalent basis, it makespowerful economic sense to increase our effortstoward finding, leasing and developing large scaleunconventional oil projects using the skills we havedeveloped in unconventional natural gas projects.This challenge is especially difficult because oilmolecules and wet natural gas molecules are largerthan dry natural gas molecules and therefore muchmore difficult to produce from ultra-tight unconventionalreservoirs.In addition to further developing our Big 6 natural gas shaleplays, another important goal of the company in 2010 is tofind more oil.We kicked off this “gas to oil” initiative twoyears ago, and to date, have already had initialsuccess in 10 new oil plays. We also are working onadditional oil play concepts. If these plays and conceptsprove commercial on a large scale, then we believe<strong>Chesapeake</strong> owns more than four billion barrelsof unrecognized oil resources that will substantiallyincrease the company’s value as they are developed.Because early drilling results need to remain confidentialas we acquire more leasehold in these newoil plays, we are being guarded with our oil drillingresults disclosures. As 2010 progresses, however, welook forward to revealing more about the potentialof <strong>Chesapeake</strong>’s oil upside. I believe these oil discoveriescould prove to be the most significant valuecreation uplift for the company since our gas shalediscoveries of the past few years.3-D SEISMIC This rapidlyadvancing technologyhas been critical in enabling<strong>Chesapeake</strong>’s geoscientiststo steer our horizontal wellsinto the best shale rock.3-D SEISMICINNOVATIVE TECHNOLOGY AND SHARED KNOWLEDGEIn the natural gas exploration and production business, success is predicated on knowledge: knowingwhere to drill, how to complete and how to transfer the expertise gained in one play to the next.Using 3-D seismic, <strong>Chesapeake</strong>’s geoscientists and reservoir engineers study the geologic structures ofplays and potential drillsites. They also collaborate with world class petrophysicists in our unique ReservoirTechnology Center to analyze core samples and evaluate the most effective completion techniques tomaximize recovery of each well.<strong>Chesapeake</strong> is among the few industry participants with an internal technology group that works withengineering, unconventional, petrophysical, reservoir and asset management teams to leverage theexperience and knowledge gained in one big play to the next — optimizing and improving performancein every area in which we operate.LETTER TO SHAREHOLDERS 9


CLEAN The growingnumber of natural gaspoweredelectrical generationplants is testimony to theirenvironmental and economicadvantages.AFFORDABLE Consumersfilling their tanks with compressednatural gas (CNG)often save 50% over the costof gasoline.ABUNDANT Natural gaspipelines transport Americainto the “Age of NaturalGas” with almost a 200-yearsupply.AMERICAN Workerslike Aaron Harris, NomacDerrickman, help supply approximately90% of America’snatural gas needs from domesticsources.GRANITE WASH PLAYSThe Colony and Texas Panhandle Granite Wash playsprovide insight into what could happen if <strong>Chesapeake</strong>is successful in finding new unconventionaloil plays. As good as the per-well Big 6 gas shaleeconomics are, the economics are even better in theWe are already producing from approximately 100 net GraniteWash wells and estimate we could drill up to 1,200 additional netwells on our 190,000 net acres of leasehold in the years ahead.Colony Wash and Texas Panhandle Granite Wash playsbecause they possess the best of both worlds: highvolumenatural gas production as in the Big 6 gas shaleplays, along with significant volumes of oil and naturalgas liquids that dramatically increase investmentreturns. For example, while our per-well economics forBig 6 shale wells generally provide returns of 20–60%,wells drilled in these two Granite Wash plays providereturns of 100–150% and generally reach payout in lessthan a year.We are already producing from approximately 100net Granite Wash wells and estimate we could drillup to 1,200 additional net wells on our 190,000 netacres of leasehold in the years ahead. Based on currentNYMEX futures prices for natural gas and oil, eachGranite Wash well should generate approximately$8–11 million of present value per well (or $10–13 billionfor all 1,200 wells), making it obvious that finding,leasing and developing more oil plays with GraniteWash-type returns will be <strong>Chesapeake</strong>’s number onepriority for 2010.OUR PEOPLEGreat assets would not and cannot exist withoutgreat people, so we take great pride in hiring,training, motivating, rewarding and retaining greatpeople. From our beginning 20 years ago with 10employees in Oklahoma to employing 8,600 peoplein 16 states today, <strong>Chesapeake</strong> has always focused onANGA: A NEW NATIONAL VOICE FOR NATURAL GASIn March <strong>2009</strong>, <strong>Chesapeake</strong> joined with a group of the nation’s leading independentproducers to create one dynamic voice for increasing demand for American natural gas.The mission of America’s Natural Gas Alliance (ANGA) is to increase understanding andappreciation for the environmental, economic and national security benefits of clean, abundant,dependable and cost-efficient American natural gas. Its 34 members represent morethan 40% of the total U.S. natural gas supply, producing about nine trillion cubic feet per year.<strong>Chesapeake</strong> has long been a champion for natural gas. We are proud to be a foundingmember of ANGA and share its core belief that America’s clean energy futurewill increasingly be fueled by the enormous domestic natural gas resources nowavailable to generate electricity, power industry, provide energy for heating andcooking, and offer a cleaner, more affordable fuel for transportation vehicles.For more information, please visit www.anga.us.CLEANAFFORDABLEABUNDANTAMERICAN10 CHESAPEAKE ENERGY CORPORATION


uilding a first class human resource team within adistinctive corporate culture. Talk to <strong>Chesapeake</strong> employeesand you will sense genuine pride and greatenthusiasm about the company and the vital role weplay in delivering our high-quality product to consumersacross the country.<strong>Chesapeake</strong> employees are distinctive in otherways as well. They are much younger than the industryaverage, with 50% of our 3,300 OklahomaCity-based headquarters employees 34 years oldor younger. Their enthusiasm and willingness tolearn create an atmosphere of vitality and energyat <strong>Chesapeake</strong>, important ingredients of our uniqueculture. These attributes, along with a very attractivecorporate headquarters campus, low levels ofbureaucracy and a well-executed corporate strategy,have combined to create our culture of successand innovation.This has generated extremely positive externalfeedback as <strong>Chesapeake</strong> was recently recognized forthe third consecutive year as one of the FORTUNE 100From our beginning 20 years ago with 10 employees in Oklahomato employing 8,600 people in 16 states today, <strong>Chesapeake</strong> hasalways focused on building a first class human resource teamwithin a distinctive corporate culture.Best Companies to Work For ® (3) . In addition, we werehonored in December <strong>2009</strong> at the 11th <strong>Annual</strong> PlattsGlobal <strong>Energy</strong> Awards as the <strong>Energy</strong> Producer ofthe Year. We also received the Industry LeadershipAward and were a finalist for CEO of the Year, Deal ofthe Year and Community Development Program ofthe Year. <strong>Chesapeake</strong> was one of only two companiesto receive multiple awards this year and one ofonly three companies selected as a finalist in five ormore categories. This was the second time in threeyears that Platts has named <strong>Chesapeake</strong> Producer ofthe Year. <strong>Chesapeake</strong> was also recognized in <strong>2009</strong>with Oil and Gas Investor magazine’s Best CorporateCitizen Award.<strong>Chesapeake</strong> is proud to bethe nation’s second-largestproducer of natural gas— and the most vocal proponentfor natural gas <strong>Fueling</strong>America’s <strong>Future</strong>.Natural GasLETTER TO SHAREHOLDERS 11


CHESAPEAKE IS COMMITTED TO SAFE,EFFECTIVE HYDRAULIC FRACTURINGHydraulic fracture stimulation, commonly known asfracing, is a proven completion technique essential tothe recovery of natural gas from deep shale formations.More than one million fracture stimulation treatmentshave been performed in the U.S. since 1949. Duringthis process, fluids are pumped at high pressuresdown the wellbore to create small fissures, orfractures. These fractures are propped open by sand toallow natural gas to flow into the wellbore.<strong>Chesapeake</strong>’s fracturing fluids are more than 99% waterand sand, along with a small amount of special purposeadditives. The same additives can be found in a numberof household products such as cosmetics, laundrydetergents, pool treatment fluids and food.On average, <strong>Chesapeake</strong>’s fracing operations occurmore than 1.5 miles below the surface and areseparated from shallow groundwater formations bythousands of feet of impenetrable rock. In addition,multiple layers of steel casing and cement surroundthe wellbore creating further layers of protection. In<strong>2009</strong> the Ground Water Protection Council issued areport stating that the chances of fracing operationsimpacting groundwater aquifers were as low asone in 200 million.For more information, please visitwww.hydraulicfracturing.com.Environment12 CHESAPEAKE ENERGY CORPORATION


FUELING AMERICA’S CLEAN ENERGYFUTUREBecause of a series of insights into the future, followedby good decisions and hard work, <strong>Chesapeake</strong>has grown from a small startup company 20 yearsago into an industry leader today. Along the way, wehave built the industry’s highest quality asset base inthe Big 6 natural gas shale plays. These shale playshave dramatically changed how we can solve ournation’s most important energy and environmentalchallenges in the years ahead, while also creatingmillions of truly green jobs that pay well and do notneed taxpayer or ratepayer subsidies. They also canimprove America’s national security by reducing ourdependence on foreign oil.There has never really been any debate aboutwhether natural gas is a good fuel — its carbon-lightmolecular structure guarantees that. The issue has alwaysbeen whether there is enough of it to begin movingour electrical generation system more aggressivelyaway from dirty coal and whether it is the right timeto begin moving our transportation system away fromexpensive foreign oil. With the enormity of the Big 6REDUCED FOOTPRINTTRAININGWATER RECYCLINGnatural gas shale plays now more fully understood,it should become increasingly clear that the U.S. has ahuge competitive advantage in the world.On the economic front, U.S. natural gas prices areamong the lowest in the industrialized world and arelikely to remain so for an extended period because ofthe discovery of the Big 6 shale natural gas resources.On the environmental front, the U.S. can regain itsleadership in environmental best practices by burningmore clean natural gas and less dirty coal to makeour electricity. And finally, natural gas can enable theU.S. to transition its transportation system away fromdangerous and expensive foreign oil to cheaper andcleaner American natural gas.To capture the important advantages the Big 6shale plays can provide, U.S. leaders must recognizethe “Age of Natural Gas” has arrived and that itwill remain with us for decades to come. A better,brighter and more prosperous future awaits us if wepursue the full potential of natural gas for <strong>Fueling</strong>America’s <strong>Future</strong>.Best regards,Aubrey K. McClendonChairman and Chief Executive OfficerMarch 31, 2010LOW EMISSIONS(1) Reserve replacement is calculatedby dividing net reserve additionsfrom all sources by actual productionfor the corresponding period. Wecalculate drilling and net acquisitioncost per mcfe by dividing totaldrilling and net proved propertyacquisition costs incurred duringthe year (excludes certain costsprimarily related to net unprovedproperty acquisitions, geological andgeophysical costs and deferred taxesrelated to corporate acquisitions)by total proved reserve additionsexcluding price-related revisions.(2) A non-GAAP financial measure, asdefined below. Please refer to theInvestors section of our website atwww.chk.com for reconciliationsof non-GAAP financial measuresto comparable financial measurescalculated in accordance with generallyaccepted accounting principles.• Adjusted ebitda is net income(loss) before interest expense,income tax expense (benefit),and depreciation, depletion andamortization expense, as adjustedto remove the effects of certainitems that management believesaffect the comparability of operatingresults.• Operating cash flow is cashprovided by operating activitiesbefore changes in assets andliabilities.• Adjusted earnings per fully dilutedshare is net income (loss) pershare available to <strong>Chesapeake</strong>common stockholders, assumingdilution, as adjusted to removethe effects of certain items thatmanagement believes affect thecomparability of operating results.(3) FORTUNE 100 Best Companies toWork For ® listed in the magazine’sFebruary 8, 2010 issue.REDUCED FOOTPRINTTwo drilling rigs on onesuperpad help minimize thefootprint of operations inthe Haynesville Shale.TRAINING Trainees VincentSandoval, Jayson Pihajlic andMark O’Byrne learn to worksafely, efficiently and withrespect for the environmentat the Nomac Drilling trainingfacility in Searcy, Arkansas.WATER RECYCLINGOne facet of <strong>Chesapeake</strong>’sinnovative AquaRenew programrecycles produced waterinto clean water vapor.LOW EMISSIONSSeth Unruh, EHS Field Representative,inspects a valveto decrease venting, reduceemissions and increase gasvolumes.LETTER TO SHAREHOLDERS 13


FUELING AMERICA’S FUTUREAubrey McClendon on the Potential of Natural Gas in the 21st CenturyThe enormous potential of the 21st century’s“Age of Natural Gas” is now fully inview. Vast new reserves of natural gas inshale reservoirs deep beneath our country havebeen discovered in the past five years. Theseshale reservoirs are now estimated to containmore than two quadrillion cubic feet of naturalgas, more than doubling America’s previouslyestimated natural gas reserves, and giving usclose to a 200-year supply of clean, affordable,American natural gas. These unconventionalreservoirs are a remarkable addition to America’sbountiful natural resource endowment.They are also essential to retaining ournation’s prosperity. Because of our relianceon dangerous and expensive foreignoil to power our cars and trucks and ondirty coal to produce 50% of our electricity,America’s position of global economic andenvironmental leadership for the next centuryis unfortunately in doubt. It need not be.Underneath many parts of the U.S. lies aburied treasure of natural gas that is quicklybecoming the envy of the world — it’s clean,affordable, abundant, American, and broughtto you by public independent natural gas producerssuch as <strong>Chesapeake</strong>.Two quadrillion cubic feet of America’snatural gas represent more energy than SaudiArabia’s 200 billion barrels of oil reserves — butAmerica’s natural gas is much cleaner and 70%cheaper than Saudi oil. In <strong>2009</strong>, the U.S. passedRussia as the biggest producer of natural gasin the world, but how many Americans realizethis remarkable achievement? Our politicalleadership must begin to acknowledge andcelebrate this tremendous accomplishmentand to recognize the strategic and practicalbenefits of more aggressively using our enormousnew reserves of natural gas.NATURAL GAS IS THE BESTSUBSTITUTE FOR FOREIGN OILThe U.S. imports approximately 60% of the oilthat we consume — a dangerous addictionthat costs our country $1 billion per day. Thispercentage will likely rise in the years aheadas oil prices inevitably increase to choke offdemand in the industrialized countries tomake room for burgeoning oil demand fromrapidly developing countries in Asia, theMiddle East and in South America. This is anaddiction America cannot afford in good economictimes and certainly not in the tougheconomic times the nation is facing today.But if our political leadership would awakenand recognize that this addiction could beovercome by converting some of the currentdemand for foreign oil to new demand for domesticnatural gas, America’s economic futurewould be much stronger and our environmentaloutlook would be brighter. Natural gas has only50% of the carbon that gasoline has, but moreimportantly, natural gas vehicles emit little tono harmful pollutants such as carbon monoxide(CO), nitrogen oxide (NOx), and toxic volatileorganic compounds (VOCs) that gasoline anddiesel consumption currently produce.The best way to begin breaking this foreignoil addiction is to endorse the NAT GAS Act (H.R.1835 and S. 1408) now pending in Congress. Fordetails on these bills, please visit www.cngnow.com. These bills would gradually and efficientlyintroduce clean, American natural gas as the fuelof choice for heavy-, medium- and light-dutytruck fleets in the U.S., replacing diesel refinedfrom expensive foreign oil.Once truck fleets have been convertedto natural gas (in the form of liquefied naturalgas, or “LNG”) and natural gas refuelingpumps have been added to many of our nation’struck stops, we can then begin convertingpassenger cars to natural gas (in the formof compressed natural gas, or “CNG”). Thisconversion process would save American consumersbillions of dollars because natural gasis 70% cheaper than oil. Americans also wouldGRANITE WASH WELL Roberts County, Texas14 CHESAPEAKE ENERGY CORPORATION


enjoy the added benefits of cleaner air andwater and greater national security.Speaking of national security, let’s not forgetthat the real price of oil is far more than the $85per barrel that it costs today. When the Americanmilitary’s cost of defending the world’s oilshipping lanes and fighting wars in the MiddleEast and nearby areas is considered, some expertssay the true cost of oil to Americans maybe over $200 per barrel. The current practice ofspending $1 billion per day to import 11 millionbarrels of oil from foreign countries is simply notsustainable — it’s a dangerous, dirty and expensivehabit that must be curtailed.I drive a converted Chevy Tahoe that runs onnatural gas from my home, and I can assure youit feels great to refuel my vehicle at $1.00 pergallon with a clean fuel that is made in Americaand creates American jobs. My goal is to makesure all Americans one day have the opportunityto enjoy that same great feeling.We must demand that our leadership beginsacting now to make the transition to clean, affordable,abundant, American natural gas beforeoil reaches $150 per barrel (bringing the price ofgasoline to $4.50–5.00 per gallon) and we findourselves right back in another recession, or perhapseven worse, a depression. These are seriousissues, and our nation does not have one day towaste in beginning the transition to a transportationsystem based on natural gas rather thanon expensive foreign oil.NATURAL GAS IS THE BESTSUBSTITUTE FOR DIRTY COALA recent survey <strong>Chesapeake</strong> commissionedshowed that most Americans believe their electricitycomes from coal, nuclear or wind — veryfew people know that natural gas provides 22%of America’s electricity. It is critical for Americansto realize how their electricity is generated.As more Americans take responsibility for theenvironmental impact they create through theirelectricity consumption, they need to knowthere are alternatives to burning dirty coal besidesconstructing new nuclear power plants ornew wind and solar facilities. Nuclear plants areprohibitively expensive and time consuming tobuild. Wind and solar facilities are not economicwithout taxpayer or ratepayer subsidies. Theyalso cannot provide baseload power becauseof the lack of sunshine at night and on cloudydays and because of the unpredictability of thewind. These alternatives also require the enormousexpense of building unsightly power linesover long distances.The only scalable, affordable alternative toburning dirty coal is to burn clean natural gas.And the best news is that it would be relativelyeasy to shut down the dirtiest 33% of America’scoal plants (better known at <strong>Chesapeake</strong> as the“Filthy 100”) and replace their electrical outputwith natural gas-fired electricity. That is becausecoal plants generally run about 75% of the timewhile natural gas power plants only run about25% of the time. The U.S. has enough naturalgas to ramp up natural gas power plants to runat least 50% of the time so that we can decommissionthe Filthy 100.Doing so would eliminate the following annualestimated pollution: 600 million tons ofcarbon dioxide (implicated in global warmingconcerns); 700,000 tons of nitrogen oxide (exacerbatesrespiratory and heart diseases); 1.5 milliontons of sulfur dioxide (the main ingredientof acid rain); 19,000 tons of mercury (one of thedeadliest toxins known to mankind, and nonexistentin natural gas); and millions of tons of particulates(which the American Lung Associationsays kill 24,000 Americans per year).Confronted with these facts, the coal industryresponds with two claims: first, that natural gasis more expensive, and second, that coal can bemade clean. Natural gas today sells for around$4 per mcf, making it nearly equivalent in cost tocoal, but far cheaper when you factor in the socialand environmental costs from coal pollution. Andto say that coal is clean or can be made clean isextremely misleading. No scalable, affordabletechnology exists today to make coal clean. It remainsan expensive fantasy on a distant horizon.In addition, so-called “clean coal” still retains50% of coal’s original carbon, which ironicallywould place “clean coal” at a carbon levelequivalent to natural gas. So why not just use theLet’s embrace a clean and prosperous energy future through thesubstitution of American natural gas for foreign oil and dirty coal.The time for action is NOW!reality of clean natural gas today and save hundredsof billions of dollars and several decades oftime associated with the daunting challenge oftrying to make coal clean? And remember, thecarbon removed from coal to make it “clean”doesn’t just go away — it has to be disposed ofsomewhere. Right now the “clean coal” plan isto pump more than 100 million gallons of liquidcarbon dioxide underneath the ground everyday and hope it stays there. That process is expensive,unproven and is projected to consumeabout 30–35% of a typical power plant’s electricaloutput. No wonder the coal industry favorsthe “clean coal” idea so much — it would actuallyincrease coal consumption by 30–35%! Thisinsanity must stop! Our country needs to recognizethat the future should belong to clean, affordable,practical energy sources — and naturalgas is the only ready-to-go, scalable alternativeto dirty coal.Natural gas provides an affordable, environmentallyfriendly substitute for foreign oil anddirty coal — while also stimulating America’seconomy and strengthening its energy security.Let’s embrace a clean and prosperous energyfuture through the substitution of Americannatural gas for foreign oil and dirty coal.The time for action is NOW!FUELING AMERICA’S FUTURE 15


OPERATING AREAS<strong>Chesapeake</strong> is the second-largest producer of U.S. natural gas and has built the nation’s largest natural gas resource basewith high-quality U.S. shale assets within the Big 6 shale plays: the Barnett, Fayetteville, Haynesville, Marcellus, Bossier andEagle Ford. Our unique position in these six shale plays, as well as the liquids-rich Granite Wash plays of western Oklahomaand the Texas Panhandle, will provide us competitive advantages for decades to come. No other company in the industry hasamassed a leading position in each of the low-cost, low-risk Big 6 shale plays.We own interests in approximately 44,100 producing natural gas and oil wells, and in <strong>2009</strong> we produced 906 bcfe for anaverage of 2.5 bcfe per day. At year-end <strong>2009</strong>, our proved reserves were 14.3 tcfe, of which 95% were natural gas and all ofwhich were onshore in the U.S. We have also captured the nation’s largest inventory of future drilling opportunities onapproximately 13 million net acres of total leasehold in the U.S. The map below highlights <strong>Chesapeake</strong>’s ownership positionin our key operating areas.1 2 3 4 5 678 91016 CHESAPEAKE ENERGY CORPORATION


Skilled crews keep <strong>Chesapeake</strong> rigsturning to the right every day. Picturedhere are Michael Smith and BrandonWinsett, Roughnecks on Nomac rig 12 inthe Northern Mid-Continent District.OPERATING AREAS 19


1Granite Wash <strong>Chesapeake</strong> is the largest leaseholder in the Granite Wash plays with190,000 net acres. We have generated particularly strong drilling results from our Colony Gran-ite Wash discovery in Washita and Custer counties, Oklahoma, and from the Texas PanhandleGranite Wash in Hemphill, Wheeler and Roberts counties, Texas, where rates of return in theseplays are the highest in our company. We estimate we could drill up to 1,200 net wells on ourGranite Wash acreage in the future and plan to utilize an average of 13 operated rigs in 2010 tofurther develop our Granite Wash leasehold.<strong>2009</strong> Total Production:70 bcfe, +40%*, 8%**12/31/09 Proved Reserves:1,090 bcfe, +419%*, 8%**12/31/09 Net Leasehold Acres:190,000, +217%*, 1%**2345Barnett Shale The Barnett Shale in North Texas is currently the largest natural gas producingfield in the U.S. and is producing approximately half of all shale gas in the U.S. In the Barnett,<strong>Chesapeake</strong> is the second-largest producer of natural gas, the most active driller and the largest leaseholdowner in the Core and Tier 1 sweet spots of Tarrant and Johnson counties. In January 2010, <strong>Chesapeake</strong>completed a $2.25 billion Barnett Shale joint venture transaction with Total S.A. (NYSE:TOT, FP:FP)(Total), whereby Total acquired a 25% interest in <strong>Chesapeake</strong>’s upstream Barnett Shale assets.Total paid <strong>Chesapeake</strong> approximately $800 million in cash at closing and will pay a further $1.45 billionby funding 60% of <strong>Chesapeake</strong>’s share of drilling and completion expenditures until the $1.45 billionobligation has been funded, which <strong>Chesapeake</strong> expects to occur by year-end 2012. We anticipate using anaverage of 25 operated rigs in 2010 to further develop our leasehold. On our acreage, we estimate we could drillup to 2,400 net wells in the years to come.Other Mid-Continent <strong>Chesapeake</strong>’s Other Mid-Continent area includes operationsin Oklahoma, the Texas Panhandle, southwestern Kansas and western Arkansas. In additionto various conventional plays in this area, our activities currently focus on the massive Saharaunconventional natural gas resource project in northwestern Oklahoma, where <strong>Chesapeake</strong> is byfar the dominant operator with nearly 950,000 net leasehold acres. Sahara is a multi-county playwith excellent low-risk, shallow natural gas production and an emerging horizontally drilledoil opportunity in the Mississippian formation. In the Anadarko Basin area of the Mid-Continent,we are developing multiple horizontal unconventional oil plays, with a significantpresence in the emerging Cleveland and Tonkawa tight sand oil plays, in which we are leveragingwhat we have learned from our horizontal Granite Wash discoveries.Fayetteville Shale The Fayetteville is currently the third most productive shale playin the U.S. and one of the nation’s 10 largest natural gas fields of any type. <strong>Chesapeake</strong> ownsthe industry’s second-largest acreage position in the core area of the Fayetteville Shale play inArkansas, totaling nearly 460,000 net acres. We estimate we could drill up to 5,200 net wells on ourFayetteville acreage in the years ahead and plan to utilize an average of 10 operated rigs in 2010to further develop our leasehold. During <strong>2009</strong>, $600 million of <strong>Chesapeake</strong>’s drilling costs in theFayetteville were paid for by its joint venture partner, BP America (NYSE:BP). During the fourth quarter<strong>2009</strong>, BP paid <strong>Chesapeake</strong> the remaining balance of its drilling carry obligations and <strong>Chesapeake</strong>and BP each then began paying its proportionate working interest costs.Appalachian Basin Often referred to as America’s most drilled but least exploredarea, Appalachia presents abundant growth opportunities through the introduction of leading-edgeexploration, drilling and production technologies, in which <strong>Chesapeake</strong> is a recognizedindustry leader, into a basin largely ignored by the industry since the 1940s. Our leasehold position,excluding our Marcellus position, includes 1.2 million net acres in the Lower Huron Shale play andan additional 1.7 million net acres in other conventional and unconventional plays in the region.We have developed multiple deep exploration prospects in Appalachia that we plan totest once natural gas prices recover to higher levels.17 CHESAPEAKE ENERGY CORPORATION<strong>2009</strong> Total Production:240 bcfe, +33%, 26%12/31/09 Proved Reserves:3,430 bcfe, +17%, 24%12/31/09 Net Leasehold Acres:290,000, -6%, 2%<strong>2009</strong> Total Production:235 bcfe, -23%, 26%12/31/09 Proved Reserves:3,010 bcfe, -29%, 21%12/31/09 Net Leasehold Acres:4,330,000, -9%, 33%<strong>2009</strong> Total Production:90 bcfe, +64%, 10%12/31/09 Proved Reserves:2,170 bcfe, +229%, 15%12/31/09 Net Leasehold Acres:460,000, +10%, 4%<strong>2009</strong> Total Production:30 bcfe, -14%, 3%12/31/09 Proved Reserves:1,160 bcfe, -24%, 8%12/31/09 Net Leasehold Acres:2,930,000, -7%, 22%Note: Figures may not add to companytotals due to rounding in each area.* Compared to last year** % of company totalNM Not meaningful


678Marcellus Shale <strong>Chesapeake</strong> is the largest leasehold owner and most active driller in theMarcellus Shale play that spans from northern West Virginia across much of Pennsylvania intosouthern New York. The Marcellus is located near the highest gas-consuming region of the U.S. andtherefore receives the best natural gas prices in the U.S. We estimate we could drill up to 20,000net wells on our Marcellus acreage in the future and plan to utilize an average of 31 operated rigs in2010 to further develop our 1.6 million net acres of Marcellus leasehold. During <strong>2009</strong>, approximately$160 million of <strong>Chesapeake</strong>’s drilling costs in the Marcellus were paid for by its jointventure partner, Statoil (NYSE:STO, OSE:STL). During 2010 through 2012, 75% of <strong>Chesapeake</strong>’sdrilling costs (approximately $2.0 billion) in the Marcellus will be paid for by STO.We remain very active in acquiring additional leasehold in the Marcellus and expect that overtime, it will become the largest natural gas field in the U.S. and the second largest in the world.Permian and Delaware Basins In the northern portion of thePermian Basin, <strong>Chesapeake</strong> has focused on discovering and developing variousshallow- to medium-depth horizontal oil plays and also operates a number of secondaryrecovery oil projects. We plan to utilize an average of six operated rigs in 2010 to furtherdevelop our 2.15 million net acres of leasehold in the Permian and Delaware Basins. Ournew horizontal oil projects in this area, including the Avalon Shale and the Bone SpringSand, have the potential to deliver significant upside as we move towards substantiallyincreasing our oil production in the years ahead.Eagle Ford Shale As part of a growing emphasis on increasing its oil and naturalgas liquids production, <strong>Chesapeake</strong> has recently built one of the top five industry leaseholdpositions in the Eagle Ford Shale play in South Texas. At year-end <strong>2009</strong>, the company owned approximately80,000 net acres of Eagle Ford leasehold and now has 300,000 net acres. Our focus hasbeen on the oil and wet gas prone portions of the play and we plan to utilize an average offour operated rigs in 2010 to further develop our growing Eagle Ford leasehold position.<strong>2009</strong> Total Production:15 bcfe, +200%, 2%12/31/09 Proved Reserves:260 bcfe, +550%, 2%12/31/09 Net Leasehold Acres:1,620,000, +30%, 12%<strong>2009</strong> Total Production:75 bcfe, -6%, 8%12/31/09 Proved Reserves:740 bcfe, -20%, 5%12/31/09 Net Leasehold Acres:2,150,000, -23%, 16%<strong>2009</strong> Total Production:0 bcfe, NM, NM12/31/09 Proved Reserves:0 bcfe, NM, NM12/31/09 Net Leasehold Acres:80,000, NM, 1%(300,000 as of 3/31/10)910East Texas, Gulf Coast, South Texas and Louisiana In EastTexas, <strong>Chesapeake</strong> owns significant vertical natural gas production from wells thatproduce from various tight natural gas sand formations in medium to deep horizons, includingthe Pettet, Travis Peak and Cotton Valley formations. In addition, we are amajor leasehold owner in the Deep Bossier Sand play. We have established a significantpresence in a number of counties along the prolific Texas Gulf Coast, where weutilize 3-D seismic data to delineate structural and stratigraphic traps, primarily in the Frio,Yegua and Wilcox formations. This area has been de-emphasized as we move our drillingaway from legacy vertical natural gas drilling to horizontal natural gas and oil drilling inunconventional plays.Haynesville/Bossier Shales In early 2008, <strong>Chesapeake</strong> announced itsdiscovery of the Haynesville Shale, a reservoir that likely will become one of the twolargest natural gas fields in the U.S. (along with the Marcellus) and one of the five largest in theworld. The Haynesville Shale is now the nation’s second-largest producing shale play. TheBossier Shale lies above and overlaps much of our Hayneville prospective leasehold. Weare the largest leasehold owner and most active driller of new wells in the Haynesville/Bossiershale play, which is located in northwestern Louisiana and East Texas. We estimate we coulddrill up to 8,750 net wells on our Haynesville/Bossier Shale acreage in the future and plan to utilizean average of 35 operated rigs in 2010 to further develop our 520,000 net leasehold acres of Haynesville/BossierShale. <strong>Chesapeake</strong> and its 20% joint venture partner, Plains Exploration & Production Company (NYSE:PXP),are producing from more than 200 net wells in the Haynesville play and continue to experience outstanding drillingresults. PXP paid us approximately $400 million in drilling carries in <strong>2009</strong> and paid $1.1 billion in September <strong>2009</strong>as a result of an amendment to our joint venture agreement that eliminated PXP’s future carry obligations.<strong>2009</strong> Total Production:65 bcfe, -38%, 7%12/31/09 Proved Reserves:560 bcfe, -51%, 4%12/31/09 Net Leasehold Acres:610,000, -48%, 5%<strong>2009</strong> Total Production:85 bcfe, +183%, 10%12/31/09 Proved Reserves:1,830 bcfe, +408%, 13%12/31/09 Net Leasehold Acres:520,000, +13%, 4%OPERATING AREAS 18


INVESTOR Q&AWhat is CHK doing to increase itspercentage of oil and natural gasliquids production?STEVE DIXON: While the exact timing ofa peak in worldwide oil production remains agreat debate, the vast majority of investors andindustry professionals would agree that a peakin worldwide natural gas production is muchfurther away. We believe this is reflected in thecurrent market price of oil relative to natural gas— today, oil is priced more than 3.5 times higherthan natural gas on an energy equivalent basis.Compared to natural gas, oil is harder to findand even more challenging to move throughand produce from tight reservoir rocks. One ofthe few strategic weaknesses of <strong>Chesapeake</strong> isthe relatively small percentage of our productionthat comes from oil and natural gas liquids— that, however, is on the verge of changing.Over the past two years, <strong>Chesapeake</strong>’sworld class unconventional resource teamshave been quietly working to develop oilfocusedprojects in the U.S. where our expertisein identifying, analyzing and commercializingunconventional natural gas reservoirscould be transferred to tight rock oil reservoirs.Innovative horizontal drilling and well completiontechniques enable our geoscientists andengineers to extract oil and natural gas liquidsfrom pore spaces in rocks that are more than 300times smaller in diameter than a human hair.Our efforts to crack the code on these difficult,but very lucrative, liquids-rich plays havegreatly benefited from our state-of-the-artReservoir Technology Center (RTC). This unique,proprietary core laboratory has enabled us toquickly analyze rock properties, model completiontechniques and assess fluid movementproperties in multiple tight rock formations. Ithas also helped <strong>Chesapeake</strong> minimize resourcesand capital spent on leasing and drilling programsin many plays that are likely to proveuneconomic.The company has now established a strongleasehold position and made substantialprogress in commercializing 10 liquids-rich plays,including the Eagle Ford Shale in South Texas,the Niobrara and Frontier plays in Wyoming, theTexas Panhandle and Colony Granite Washes,the Cleveland, Tonkawa and Mississippian playsin western Oklahoma and the Bone Spring andAvalon shale plays in the Permian Basin. In eachof these 10 plays, we have drilled successful wellsand established very large leasehold positions.We are now in the process of reallocating capitalexpenditures from some of our natural gas playsand increasing drilling activity in each of theseemerging liquids-rich plays.These new plays could enable <strong>Chesapeake</strong>to substantially increase its percentage of productionof liquids from 8% in <strong>2009</strong> to perhaps asmuch as 20% over the next few years. If we areable to achieve this objective, our percentage ofrevenue from liquids production could approachthe 50% balance we are seeking.What makes CHK a great placeto work?MARTHA BURGER: There’s not a set formulafor creating a great place to work. Instead, itevolves out of a corporate culture which demonstratescommitment to making and keepingits employees happy and motivated. At <strong>Chesapeake</strong>,we work hard to create an environmentwhere people feel valued, are challenged andare part of something special.<strong>Chesapeake</strong> provides a wide array of benefitsto employees. To name a few, we have:an on-site health and dental clinic at our headquarters,a 72,000-square-foot best-in-classfitness center, stock and bonuses awardedtwice a year, a generous 401(k) match of up to15% of pay, adoption and fertility benefits anda flexible work week schedule.We believe the <strong>Chesapeake</strong> culture isunique. It starts from the top and disseminatesthroughout the organization. New employeesexperience this very quickly during the company’sNew Employee Orientation program,which is a half-day session led by our CEOAubrey McClendon. Our employees are empoweredto make decisions without gettingcaught up in bureaucracy and are encouragedto create innovation along the way.We expect industry-leading performanceand results from employees, and that meansthat we must do our part by providing themwith the best tools, a motivating environmentand the space to grow and learn. Employees at<strong>Chesapeake</strong> have access to first-class resources,such as large dual-screen monitor work stationsin every office, the safest, most modern trucks,rigs and equipment in the field. This commitmentinspires our employees to perform to thebest of their ability.We pride ourselves on our efforts to bea great neighbor, employer and corporatecitizen. <strong>Chesapeake</strong>’s campus is a landmarkin Oklahoma City with immaculate landscapedgrounds, three full-service restaurants, a reservoirtechnology center and an athletic fieldfor team sports and individual exercise. Thecompany’s high work environment standardsextend beyond its corporate headquarters toevery wellsite, field and subsidiary office.For the third consecutive year, <strong>Chesapeake</strong>has been named to FORTUNE magazine’s 100Best Companies to Work For ® list. This year thecompany jumped from #73 to #34. Two-thirds ofa company’s score is based on an extensive thirdpartyadministered employee survey, which issent to a random sample of employees. The surveyasks questions related to employee attitudesabout management’s credibility, job satisfactionand corporate culture. We are thrilled again tobe awarded this prestigious honor because it reaffirmsthat our employees believe <strong>Chesapeake</strong>is one of the best places to work in America.Why does CHK monetize assetsand what additional opportunitiesare possible?MARC ROWLAND: <strong>Chesapeake</strong> has alwaysbeen a growth company and has amassed anabundance of attractive investment opportunitiesthat will keep us growing for years tocome. To fully benefit from these opportunities,we make substantial capital investments eachyear and work proactively to arrange the mostattractive funding alternatives for these investments.We reinvest our operating cash flow primarilyin our drilling program and in our midstream,compression, drilling and oilfield servicesubsidiaries. We also make investments for fu-20 CHESAPEAKE ENERGY CORPORATION


DIXON BURGER ROWLAND JACOBSONMOBLEYture growth largely in new leasehold in emergingplays and to further solidify our leaseholdposition in our existing plays. As part of our programto fund our leasehold investments whilereducing our financial leverage, we periodicallysell or monetize non-core assets. Our goal is tosecure proceeds from asset sales well in excessof our reinvestment needs in order to providecash for debt reduction. We believe this financialstrategy will enable <strong>Chesapeake</strong> to becomean investment-grade company.In just the past two years, we have successfullymonetized $10.7 billion of assets (in whichour cost basis was only $2.7 billion) by sellingminority joint venture interests in four of ourshale plays. In addition, we have sold producingassets through volumetric production paymenttransactions and also smaller packages of noncoreassets that did not compete well for capitalin our overall investment program. We plan topursue similar asset sales in the years ahead,possibly including a joint venture in the EagleFord Shale, additional volumetric productionpayments and partial monetization of our midstreamand other non-E&P assets.Why have world-class energycompanies chosen to do jointventures with CHK?DOUG JACOBSON: <strong>Chesapeake</strong>’s industryleadingposition in U.S. shale gas plays has attractedthe interest of numerous world classenergy companies, including three European integratedoil companies: London-based BP, OslobasedStatoil and Paris-based Total, which havea combined market capitalization of $400 billion.We believe these joint ventures are also greatinvestments for our joint venture partners, whobenefit from <strong>Chesapeake</strong>’s expertise in identifyingand leasing prime shale gas assets, ourindustry-leading drilling program that efficientlyconverts leasehold to producing assets, our scaleand purchasing power with service providersand our vertically integrated operations. Ourpartners are also able to make substantial lowriskinvestments over multi-year periods withminimal commitment of their own personnel.These benefits have enabled <strong>Chesapeake</strong> tosecure premium valuations for its assets thoughjoint venture transactions and generate attractivereturns for <strong>Chesapeake</strong>’s shareholders.Will shale gas plays permanentlyoversupply U.S. natural gasmarkets?JEFF MOBLEY: The rise of shale gas playsin the U.S. has led to substantial growth innatural gas supplies and much lower naturalgas prices for consumers. More importantly,this new abundant and affordable resourceprovides consumers with long-term supplyvisibility and reliability to meet market demandsand dampen price volatility. However,shale gas only accounts for approximately15% of total U.S. natural gas production.Currently, 85% of U.S. natural gas productioncomes from non-shale plays, the vastmajority of which have substantially higherfinding and development costs than the majorU.S. shale gas plays. Without new drilling,production from virtually all natural gas fieldsdeclines approximately 20% or more per yearSTEVEN C. DIXON Executive VicePresident – Operations and Geosciencesand Chief Operating OfficerMARTHA A. BURGER Senior VicePresident – Human and Corporate ResourcesMARCUS C. ROWLAND Executive VicePresident and Chief Financial OfficerDOUGLAS J. JACOBSON ExecutiveVice President – Acquisitions and DivestituresJEFFREY L. MOBLEY Senior VicePresident – Investor Relations and Researchthrough normal depletion. <strong>Chesapeake</strong> believesthis depletion, combined with reduced drillingactivity in high-cost, non-shale gas fields willmake way for further growth in productionfrom the low-cost shale plays to perhaps asmuch as 30–40% of total U.S. natural gasproduction over the next few years.Will this lead to a permanent oversupply?We don’t believe so. Rather, the market will bebalanced over time through reduced drillingon marginal, high-cost production, probably inthe range of $6–7 per mcf. The abundance oflow-cost shale gas will likely lead to a lowerultimate cost of gas supplies to consumers,but we believe that natural gas prices will besustained at high enough levels to profitablydevelop shale gas.<strong>Chesapeake</strong> was early to recognize thisstructural change in the natural gas industryand strategically invested to capture the largestleasehold position in the Big 6 shale plays.This unique position in the industry shouldmake <strong>Chesapeake</strong> one of the greatest beneficiariesof the shale gas revolution and themore stable price of natural gas in the future.INVESTOR Q&A 21


SOCIAL RESPONSIBILITYWe believe the true success of our company extends beyond ourreserve report, income statement and balance sheet to our employees,neighbors, partner communities and the environment.H.E.L.P. INITIATIVE RoustaboutSean Cook trades his drilling tools forbuilding tools as part of his team’scommunity service project in Arkansas.DISCOVERING TOMORROW’SLEADERS Katie McCullin, Coordinator– Administration, with an honoree fromEast Texas. The program recognizes studentsfor leadership and community service.CORPORATE CHALLENGE Fromtrack and field events to basketballtournaments, this business-tobusinessathletic challenge encourageshealth and team building.H.E.L.P. INITIATIVE Blue-shirtedH.E.L.P. volunteers take a break afterrenovating a West Virginia playground.H.E.L.P. INITIATIVE ArkansasDISCOVERING TOMORROW’S LEADERS TexasCORPORATE CHALLENGE OklahomaH.E.L.P. INITIATIVE West Virginia22 CHESAPEAKE ENERGY CORPORATION


MENTORING OklahomaMENTORING ReservoirEngineer Brian Bounds mentorsa student at Horace MannElementary in Oklahoma City.REBUILDING TOGETHERApplications Developer/Analyst Diane Cloud carriesher share of the load in theannual event that repairshomes for the needy.H.E.L.P. INITIATIVENick Sentell, Field Technician,helps renovate the homeof a 74-year-old woman inSligo, Louisiana.REBUILDING TOGETHER OklahomaH.E.L.P. INITIATIVE LouisianaSOCIAL RESPONSIBILITY 23


Community RelationsAs <strong>Chesapeake</strong> continues <strong>Fueling</strong> America’s <strong>Future</strong> with clean, affordable, abundant American natural gas,we also place a priority on fueling the communities where we live, work and play. In <strong>2009</strong> we gave morethan $21 million to charitable organizations and projects across our operating areas, primarily focusingon community development, education, health and medical and social services.CHESAPEAKE’S $21 MILLIONOF CHARITABLE GIVING IN <strong>2009</strong>59%21%12%8%Community DevelopmentEducationHealth and MedicalSocial ServicesPainting pumpkins at Fall Fest on the<strong>Chesapeake</strong> campus in Oklahoma City areAssociate Help Desk Specialist BrandenKillingsworth and his daughter Bryelle. Theevent, which was open to the community,raised funds for United Way with carnivalgames and a hay maze.FUELING THE ECONOMYWhile most of the country has been experiencinga slow economy, the natural gas industryhas remained steady and even grown in someregions. As the country’s most active driller ofnew wells, <strong>Chesapeake</strong>’s presence in an areaincreases business activity and creates wellpayingjobs that improve people’s lives andstimulate local economies.In addition to our activities’ impact onlocal economies, the company’s tax contributionsare substantial: in <strong>2009</strong>, <strong>Chesapeake</strong>paid more than $730 million in totalstate and local taxes, including ad valorem,severance, sales and use, employee withholdingand unemployment, corporate incomeand franchise taxes. These taxes areused for building and maintaining schools,recreational facilities, parks and roads — and ata time when state and local governments arefeeling the pinch of recession. We are proud tosupport America’s economy with our growthwhile we also help to reduce the country’s dependenceon expensive foreign oil.In addition to stimulating the economy,<strong>Chesapeake</strong> makes strategic donations tohelp improve lives and local economies in citieswhere we operate. In <strong>2009</strong> the companyannounced a donation of $5 million to build afour-story Finish Line Tower in the BoathouseDistrict of downtown Oklahoma City. We led theway in developing this emerging area of thecity with the completion of the first boathouseon the Oklahoma River in 2005. Today, thereare several more boathouses under construction,and upon their completion, five stateof-the-artboathouses will confirm OklahomaCity’s international recognition as the nation’spremier canoeing, rowing and kayakingvenue. Recently, USA Canoe/Kayak moved itsheadquarters to Oklahoma City. With the Okla-homa River serving as an official U.S. OlympicTraining site, Oklahoma City is now a strongcontender for the upcoming 2012 Olympiccanoe/kayak trials.FUELING THE NEXT GENERATIONPreparing tomorrow’s leaders today is imperativeto building and sustaining a competitivework force. In <strong>2009</strong>, <strong>Chesapeake</strong> supporteduniversities, schools, academic chairs, scholarshipsand other educational programs withcontributions of $4.5 million. The backboneof a strong country in today’s competitiveeconomy is education, and by investing in ittoday, we are fueling a brighter future for thenext generation.More than $1.3 million of the company’seducational contributions helped fund highereducation tuition for nearly 400 students.<strong>Chesapeake</strong> scholarships help recruit the bestand brightest students and provide educationalopportunities in communities where we operate.In Northwest Louisiana, for example, weprovided scholarships to 25 students at fiveuniversities and colleges based on need andcommunity leadership. To increase diversityin the energy industry, <strong>Chesapeake</strong> partneredwith the Fort Valley State University’s (Fort Valley,Georgia) Cooperative Developmental <strong>Energy</strong>Program (CDEP) to award scholarships to minoritystudents pursuing geoscience and petroleumengineering degrees. Last year, over 50 studentsbenefited from our CDEP contributions.In Texas, <strong>Chesapeake</strong> established a newscholarship program, which will benefit qualifiedJohnson County high school graduates throughfive annual gifts totaling $125,000, available toqualifying seniors through 2013. With anotherfoundation matching <strong>Chesapeake</strong>’s contributions,a total of $250,000 will be available tosupport Johnson County scholars.24 CHESAPEAKE ENERGY CORPORATION


We also award scholarships to studentspursuing degrees in energy-related fieldssuch as geology, engineering, land and law.Through the Peak Program in Oklahoma, junior-and senior-level scholarship recipientsare paired with <strong>Chesapeake</strong> employee mentorswho help develop students’ knowledgeand provide career advice. There are currently30 mentors and 39 scholarship recipients participatingin the Peak Program. These numbersare expected to increase in the upcomingyears as the program is extended to universitiesoutside Oklahoma.University science departments are centersfor research to find the best approachesfor meeting society’s energy needs while reducingenvironmental costs. To further suchefforts, the company funded $1.5 million toendow two <strong>Chesapeake</strong> <strong>Energy</strong> Chairs in thefield of Climate Studies in the School of Meteorologyof the University of Oklahoma Collegeof Atmospheric and Geographic Sciences. Forthe past five years, <strong>Chesapeake</strong>’s meteorologicalteam in Chicago has provided the companywith long-range forecasting that has been veryhelpful to the success of its natural gas hedgingprogram.FUELING OUR COMMUNITIESVolunteerism has always been at the core ofthe company’s culture. In <strong>2009</strong> as part of <strong>Chesapeake</strong>’s20th anniversary celebration, a company-wideproject was launched through anemployee volunteer program — the H.E.L.P.Initiative (Helping Energize Local Progress).Many employees volunteer year-round,but this past summer employees were challengedto complete 20,000 hours of communityservice in five weeks. <strong>Chesapeake</strong> also permittedemployees to use four hours of companytime to complete this task. From renovatingplaygrounds in West Virginia to building a Habitatfor Humanity house in Texas, employeesresponded in full force. In just five weeks, <strong>Chesapeake</strong>employees exceeded the company’sgoal by 30%, donating 26,134 hours of serviceto 575 organizations in more than 70 communitiesacross the country. The hours they workedwould be comparable to a full-time employeeworking 40 hours a week for 13 years! Employeesand communities responded with such enthusiasmthat the volunteer push will becomean annual event.We listen to our communities to ensurewe are providing services they really need.In addition to the more than $21 million incharitable donations given last year, we alsomade numerous in-kind donations ofcomputers, reconditioned <strong>Chesapeake</strong>fleet vehicles and subsidized office space.With the slow economy affecting monetarydonations, many nonprofit groupsfound themselves struggling to meetbasic administrative costs with someon the verge of closing. To alleviate thisburden, we opened the <strong>Chesapeake</strong>Community Plaza in Oklahoma City, providingmore than 67,000 square feet ofoffice space at low monthly rates. To date,10 nonprofit groups ranging from the OklahomaVisual Arts Coalition to Citizens Caringfor Children have relocated offices to the spaceand are now more able to focus on their missionrather than worry about how to pay rent.<strong>Chesapeake</strong> partners with other companiesand groups in hundreds of communitiesto meet basic needs. One example is in NorthTexas where we partnered with eye care companiesto provide vision screenings, examsand glasses to children in Tarrant County publicschools. So far 2,700 students have been testedwith many receiving prescription glasses atno cost.Regardless of the size of our contributions,<strong>Chesapeake</strong> and its employees are honored towork in local communities and partner withnonprofit groups and organizations to makea difference — fueling development and improvingthe communities that our employees,royalty owners and contractors all call home.(Upper right) Production Assistant JulieMiller carries food as part of her team’svolunteer work with Operation Blessingin Cleburne, Texas. (Lower left) MonicaStroman, Compliance Analyst, mentorsstudents at Horace Mann Elementaryin Oklahoma City. (Far right) AndrewSprouse, Senior Applications Developer/Analyst, is one of more than 200 <strong>Chesapeake</strong>volunteers who helped out at lastyear’s Rebuilding Together workday inOklahoma City.SOCIAL RESPONSIBILITY 25


Environmental, Health & Safety<strong>Chesapeake</strong>’s commitment to fueling America’s clean energy future is reflected in every aspect of what we do— from our corporate dedication to that of our employees and extending to the clean, affordable, abundantAmerican natural gas that we produce every day to improve lives across our country and enhance our nation’sfuture well-being.PRODUCING ENVIRONMENTALLYFRIENDLY FUEL<strong>Chesapeake</strong> employees are proud to be <strong>Fueling</strong>America’s <strong>Future</strong> by exploring for and producingclean, affordable, abundant Americannatural gas. With almost a 200-year supplylocated in the U.S., natural gas can help reducethe nation’s dependence on foreign oil and dirtycoal, while creating jobs and revenue to fuelstate and local economies. It also provides anenvironmentally friendly source of power anda viable transportation alternative to foreign oil.Selling for less than half the cost of a gallon ofgasoline, compressed natural gas (CNG) powersvehicles that are among the greenest transportationoptions on the planet. A recent studycompleted on behalf of the California <strong>Energy</strong>Commission concluded that CNG vehicles produceup to 30% less greenhouse gas emissionsthan comparable gasoline vehicles and up to22% less than comparable diesel vehicles.Dave Gum, Production Foreman, checks fluidlevel readings at the Elk Valley Disposal in BraxtonCounty, West Virginia. With its automatedtwo-pump filtering and monitoring systems,the facility can safely and efficiently workyear-round.In fact, natural gas is the earth’s cleanestand most efficient hydrocarbon. Emissions fromits combustion contain approximately 50%less carbon dioxide than coal and up to 30%less than oil products. It’s also one of the mostefficient supplies for power. On average, 50% ofthe natural gas piped into a natural gas powerplant is converted to electricity, compared toonly 33% in coal- and nuclear-fueled powerplants. Furthermore, natural gas used for powergeneration creates 85% less nitrogen oxides,50% less particulate matter, 97% less sulfurdioxide and 100% less mercury than a comparablemodern pulverized coal-fired plant.PROTECTING THE ENVIRONMENTWe realize the way a product is produced canbe as important as the product itself. Protectingthe beauty and resources of the areas where weoperate is our goal from the day we spud a welluntil the day a depleted well is plugged and thewell location restored to its natural state.The company evaluates every potential drillsiteto identify any possible operational or environmentalissues, ensuring that the best possiblelocation is selected. This kind of careful planningallows <strong>Chesapeake</strong> to utilize multiwell padsites todrill up to 12 wells on a single location, greatly reducingthe impact of the company’s drilling andproduction activities. Using the latest horizontaland directional drilling technology, we are alsoable to place wells at a safe distance from homes,schools and businesses.As an industry leader, <strong>Chesapeake</strong> mergesexperience with state-of-the-art technology tocreate remarkable sites like its Elk Valley Disposalfacility in Braxton County, West Virginia. Designedby Dave Gum, <strong>Chesapeake</strong>’s Production Foremanfor the Victory Prospect in the Marcellus Shale, thefacility is one of the most advanced and efficientproduced water disposal facilities in existence,according to the West Virginia Department ofEnvironmental Protection (DEP), and has becomea popular tour stop for the DEP in showing off abest-practice approach to produced water.“All of <strong>Chesapeake</strong>’s sites are good, but Iwas really impressed with this one,” said JamiePeterson, West Virginia DEP EnvironmentalResource Specialist and Permitting. “It’s a modelof how an underground injection control facilityshould be done.”Serving as a DEP example is not the onlyway <strong>Chesapeake</strong> collaborates with environmentalorganizations. An active member of theEnvironmental Protection Agency’s (EPA) NaturalGas Star Program, the company has hosted anumber of events at its Oklahoma City headquarters,including most recently a ProducersTechnology Transfer Workshop. In addition, wework closely with a number of nonprofit andgovernment organizations such as the AmericanClean Skies Foundation, The Nature Conservancy,the Groundwater Protection Counciland various environmental organizations todesign and pursue best practices.We also strive to educate the public andpolicymakers about our industry and the environmentaladvantages of natural gas. <strong>Chesapeake</strong>is a proud member of the newly formedAmerica’s Natural Gas Alliance (ANGA), which iscomprised of 34 of America’s top independentnatural gas producers. We also host regular townhall meetings in our operating areas to meetwith our neighbors and address their questionsand concerns about natural gas and environmentalissues. We strive to provide clear, accurateanswers about natural gas and its productionand consumption on our websites at www.askchesapeake.com, www.hydraulicfracturing.comand www.cngnow.com. We also feature extensive,timely information about our industry and companyon our corporate website at www.chk.com.26 CHESAPEAKE ENERGY CORPORATION


PROTECTING OUR PEOPLE<strong>Chesapeake</strong> approaches the safety of our employeeswith the same intensity we have fordrilling for natural gas. We work hard to ensurethat all of our employees are properly educatedto meet the company’s high safety standards.Last year we offered approximately 500online and instructor-led operational trainingsessions. Additional training and field safetydrills ensure that employees in every phaseof our drilling, completion and production activitiesare knowledgeable of and committed tosafe work practices.<strong>Chesapeake</strong>’s intranet is an important toolused in our efforts to promote company-widesafety, and employees receive regular safetyalerts about potential issues. In addition, quarterlynewsletters highlight pertinent environmental,health and safety news and recognizethe safety achievements and milestones of ourfield employees.Like most companies in our industry, <strong>Chesapeake</strong>employs a number of contract servicecompanies for specialized tasks and projects.The safety of these contract employees is alsoof great importance to us, and we begin byselecting contractors with a safety commitmentthat matches our own. In <strong>2009</strong>, we beganusing ISNetworld to objectively manage contractorprequalification requirements for safetyand health programs. This allows us to makeeducated contractor selections by reviewing apotential contractor’s history and performance.“Contractors are an extension of the company,and it’s important that we only partner withorganizations that demonstrate the same highstandards of safety and operational excellencethat we do,” said Greg Dykes, Senior Director –Corporate EHS Compliance.At <strong>Chesapeake</strong>, protecting employees’safety and health does not end at the jobsite.We encourage our employees to live healthylives through a number of amenities and incentiveprograms. The company’s distinctivehealth promotion program, Living Well, allowsemployees to earn cash rewards for maintaininga healthy, active lifestyle throughout theyear. In addition, on-site health screenings areoffered at least once a year at all office locationsand Wellness Dollar benefits pay for preventivescreenings and care.The company’s corporate campus includesthe 72,000-square-foot <strong>Chesapeake</strong> FitnessCenter, which features a swimming pool; volleyball,basketball, racquetball and squashcourts; a rock climbing wall and a variety ofcardio and weight lifting equipment. Subsidizedmemberships are available for employeesand family members. With more than 100group exercise classes offered every week, thefacility serves as a testament to <strong>Chesapeake</strong>’scommitment to our employees’ health. A fullyequipped on-site gym is also available at our FortWorth regional headquarters, while field officeemployees are reimbursed for individual andfamily memberships at local fitness facilities.Toby Fullbright, Senior Landman, participatesin the Fitness Center’s award-winning LiveBetter Forever Program with <strong>Chesapeake</strong>Trainer Landon Dean.The <strong>Chesapeake</strong> Health Center, also locatedon our Oklahoma City campus, provides employeesand their families with primary andurgent care and chronic disease management.The company also partners with health organizationssuch as Weight Watchers to providefree or reimbursed memberships to employees.We also hold a variety of internal health-relatedclasses throughout the year including CPR training,healthy cooking classes and educationalLunch and Learn sessions, as well as programssuch as Live Better Forever, a year-long programfor employees who have serious medical orhealth-related issues. In addition, the companylaunched the Your Life Matters campaign in2010 to help educate employees about mentalhealth issues and work/life balance.(Left) <strong>Chesapeake</strong> works to ensure each of itssites, like this one in Reeves County, Texas,meet the highest environmental standards.(Right) Crews like that of Nomac rig 36 mergestate-of-the-art drilling techniques with hardwork to produce American natural gas.SOCIAL RESPONSIBILITY 27


BOARD OF DIRECTORSSTANDING (LEFT TO RIGHT)V. BURNS HARGIS (1)PresidentOklahoma State UniversityStillwater, OklahomaRICHARD K.DAVIDSON (1)Former CEO and ChairmanUnion Pacific CorporationBonita Springs, FloridaAUBREY K.McCLENDONChairman of the Boardand Chief Executive Officer<strong>Chesapeake</strong> <strong>Energy</strong> CorporationOklahoma City, OklahomaMERRILL A.“PETE” MILLER, JR. (1)Chairman, President and CEONational Oilwell Varco, Inc.Houston, TexasDON L. NICKLES (3)Former U.S. Senator, OklahomaFounder and PresidentThe Nickles GroupWashington, D.C.SEATED (LEFT TO RIGHT)FRANK KEATING (2,3)Former Governor, OklahomaPresident and CEOAmerican Council of Life InsurersWashington, D.C.FREDERICK B.WHITTEMORE (2,3)Advisory DirectorMorgan StanleyNew York, New YorkCHARLES T.MAXWELL (2)Senior <strong>Energy</strong> AnalystWeeden & Co.Greenwich, Connecticut(1)Audit Committee(2)Compensation Committee(3)Nominating and Corporate Governance CommitteeGovernanceOur Board of Directors is responsible to our shareholders for the oversight of the company and for the implementation and operation ofan effective and sound corporate governance environment. We believe that effective corporate governance contributes to long-termcorporate performance. An effective governance structure should reinforce a culture of corporate integrity, foster the company’s pursuitof long-term strategic goals of growth and profit and ensure quality and continuity of corporate leadership. Our directors will continue to bediligent in their efforts to preserve the public trust while fostering the long-term success of the company.28 CHESAPEAKE ENERGY CORPORATION


OFFICERSAUBREY K. McCLENDONChairman of the Boardand Chief Executive OfficerMARCUS C. ROWLANDExecutive Vice Presidentand Chief Financial OfficerSTEVEN C. DIXONExecutive Vice President –Operations and Geosciencesand Chief Operating OfficerDOUGLAS J. JACOBSONExecutive Vice President –Acquisitions and DivestituresJ. MARK LESTERExecutive Vice President –Exploration(retired January 2010)MARTHA A. BURGERSenior Vice President –Human and Corporate ResourcesJEFFREY A. FISHERSenior Vice President –ProductionJENNIFER M. GRIGSBYSenior Vice President,Treasurer andCorporate SecretaryHENRY J. HOODSenior Vice President –Land and Legal andGeneral CounselJAMES C. JOHNSONSenior Vice President –<strong>Energy</strong> MarketingMICHAEL A. JOHNSONSenior Vice President –Accounting, Controllerand Chief Accounting OfficerSTEPHEN W. MILLERSenior Vice President –DrillingJEFFREY L. MOBLEYSenior Vice President –Investor Relations and ResearchTHOMAS S. PRICE, JR.Senior Vice President –Corporate Developmentand Government RelationsJ. MIKE STICESenior Vice President –Natural Gas Projects andChief Executive Officer<strong>Chesapeake</strong> MidstreamPartners, L.P.CATHY L. TOMPKINSSenior Vice President –Information Technologyand Chief Information OfficerBOARD OF DIRECTORS AND OFFICERS 29


EMPLOYEES<strong>Chesapeake</strong> is pleased to list all 8,152 of its talented, hard-working employees who contributed toour company’s success in <strong>2009</strong>. Because we think they are the best team in the industry, we want<strong>Chesapeake</strong> to be the best employer in the industry, with a corporate culture that rewards theirefforts and inspires their future. In <strong>2009</strong>, <strong>Chesapeake</strong> was honored to be included as #34 in theFORTUNE 100 Best Companies to Work For ® list, our third consecutive year for this prestigious award.1989 (4)Mark LesterKinney LouthanAubrey McClendonPatsy Watters1990 (3)Kevin DeckerDavid HigginsCindi Williams1991 (5)Steve DixonMarilyn PollardPatti SchlegelJohn StriplinJulie Washam1992 (2)Tom PriceMelanie Weaver1993 (6)Ralph BallDavid DeSalvoMike JohnsonRandy PierceMarc RowlandDave Wittman1994 (15)Barbara BaleMartha BurgerMichael ColesTraci CookRon GoffGreg KnightDan LeDonneSteve W. MillerTommy MorphewPat PopeDanny RutledgeStephanie SheddenRonnie WardShelly WhiteGerald Zgabay1995 (29)Richey AlbrightPaula AsherEric AshmoreRandy BorlaugShelli ButlerMelissa ChambersDale CookTed DavisMandy DuaneSteve GaskinsJennifer GrigsbyGayle HarrisHenry HoodLorrie JacobsMike JohnstonBarry LanghamCindy LeBlancLeland MurrayFred PortilloJohn QuallsPat RollaHank ScheelCharles W. ScholzCharles SmithStan StinnettBrenda StrembleGreg WeinschenkBrian WinterJim Wright1996 (29)Heather L. AndersonJamie CarterJasen DavisGeorge DennyTim DennyGary DunlapLaurie EckJan FairBarbara FraileyLinda GardnerCharlene GloverRandy GobenJim GomezMelissa GruenewaldDoug JohnsonJim JohnsonTaylor KempMike LebsackSteve LepretreLarry LunardiJohn MarksSandi MichalickaLiz MuskratAngela PortsTommy PutzBryan SagebielKurt SchrantzPhyllis TrammellAllan Waldroup1997 (32)Linda AllenKarla AllfordSara CaldwellSteve CodyKristine ConwayRandy CornelsenMichelle CullenBruce DixonGreg DrwenskiMark EvansJoy FranklinRob GilkesShane HamiltonMichael HornEric HughesDavid B. JonesCarolyn LindmarkMike LudlowSarah LumenLauren MatlockSam McCaskillBob NeelyBob PopeErick PorterJolene SchurApril SmithWilma SmithFrank UnsickerIvajean WallaceCraig WhiteDori WilliamsCurtis Williford1998 (65)Stephen AdamsCrae BarrFrancy BeesleyJoel BennettLeonard Berry Jr.Susan BradfordMark BrownRandy BrownLori BuddeTerry CaldwellBob CampbellTed CampbellJesse CanaanSherri ChildersTana ClarkJennifer CopelandDavid CraycraftIris DrakeMac DrakeGary EggerSteve EmickDan EstesDennis FrickRandy GasawayStacy GilbertJim GowensKelsey HammitTresa HammondJeff L. HarrisDebbie HulettJulie IngramTammy KellnRose KimSteve KingMike LancasterChris LeeCarrie Lewis-CrawfordCraig MadsenJohn MarshallKim MasseyAllen MayDennis McGeeAllen MillerBill MillerCarey MilliganDavid MobleyWesley MyersBud Neff Jr.Kathy NowlinDon PannellMichael ParkMandy PenaMatt RockersKelly RuminerDan ScottGreg SmallBill SnyderGeorge SotoDan SparksLinda SteenBecky ThomasJennifer Van MeirRusty WalkerLynn WhippleMandy Whipple1999 (23)Jonathan BallMel BarkerSue BlackDory DouglasMark EdgeJenny FergusonJeanie FullerDan GarveySusan GreenYamei HouDoug JacobsonJim KelleyLynn LooperDea MengersMichael J. MillerTammy NguyenLaCosta RawlsLarry ShipleyMichelle SmithConnie TurnerCourtney TysonTonya VallerandTobin Yocham2000 (43)Shellie AshworthJohnnie BartlettDoug BellisJan BentonBobby BoltonJeff BrooksBecky CasselRachel ClappDebbie CurtisJennifer DeesTammy FieldsPam FordRobin GonzalezAnnie HamiltonMary HartmanTwila HinesEric HoffmanRonnie HowellJim KuhlmanDon LeeDebbie LloydJay May Jr.Andrea McCallCindy McClintockCollin McElrathCourtney MoadGeorgia MollerChantelle PorterEdward PuffinbargerMike SawatzkyCindy SchwiegerBrent ScruggsVance ShiresStuart SkeltonDavid W. SmithCatherine StairsJerry TownleyNick WaversBrenda WheelerBob WhitmanDavid WhittenBrent WilliamsBob Woodside2001 (103)Jerry AebiKaren Albornoz CranfordJeremy AllisonDavid AndersonTerry AshtonBetsy BallGloria BatesMichelle BenderBruce BoeckmanBoyce BoelenSharon BradfordVon BrinkleyDeanne BrooksMarty ByrdCarlos CaraveoBiff CarterJohn CarterKeith CaseMarika ChambersKristi ClemmensJohn CookTim CookJuanita CooperJim CorsoroLeigh Ann CrainBrian CunninghamGarry CurryShawn DowneyJeff EagerRichard EasterlyTommy EdlerAmanda ElamBrian ExlineAlex Gallardo Jr.Matt GambillRoy GentrySuzie GoolsbyRandy GraysonRichard D. GreenKajsa GreenhowardJackie GrossJohnny HarrisJeremiah JacksonKrista JacobsonJustin JohnsonKeith JohnsonRob JonesJohn KapchinskeGinni KennedyEdward KillenJulie KnoxDaniel KoehnKennetta LeeJeff LenockerJulia LillardDarwin LindenmuthTravis LongPeter ManterRita MarpleJim MazzaJim McHenryDebbie McKeeDon MesserlyJ. C. MorrisMelinda NeherLee NelsonKevin NewberryTim NewvilleDeborah O’NealRicky PettyDianne PickardCatherine RatliffLynn RegoubyGina RomanoJohn RomineLarry RossMike RossiterDon RozzellLarry SettleDee Smith Jr.Patrick SmithChris SorrellsDennis SplanJason StamperCindy StevensBill StillwellGary StonerHoward StoutLisa StrackbeinTim N. TaylorJason ThaxtonAlvin ThomasRudy ThomasJames ThrashLarry WattersPaige WhiteheadConnie WilliamsFreda WilliamsDawn WilsonBrandon WinsettMarvin Winter Jr.Larry WoodruffAmanda Young2002 (142)Paula AblaNicole AdamsJenny AdkinsRoger AldrichJimmy AlexanderBrian BabbCharlie BagleyBob BakerLynard BarreraCindy BarriosShane BarronDennis BassJames BeaversRandy BergenLeonard BlackwillPaul BowyerTroy BradfordRobert BradleyDon BredyJim BrockCindy BrownKathy BrownLynn BroylesJason BuddeGreg BurchettAaron BushErnest ByrdChris CarterPaul ChildersJackie Cooper Jr.Lori CrabtreeCary Crusinbery Jr.James DavisKurt DavisCathy DeGiustiTrent DelanoCheryl DelzerLarry DillSherry DixonChristopher DudgeonStephanie DuganEldon EaganEric EdwardsMichael FalenMark FalkShawn FieldsTom FlesherViel FloresJustin FoustAdam GaskillTamara GathersFred GipsonLisa GloverCornelio GomezDavid GoukerSteve HallMelvin HarperJohn HenryKathy HenryJohn R. HornsbyJohn HurstTodd IceRhonda IngleBud JacksonJay JarvisDanny JechJim JinkinsGary JohnsonWilliam D. JohnsonChris JonesJoe JonesMike KeeDax KimbleNancy KnoxGreg KochenowerJeremie Koehn30 CHESAPEAKE ENERGY CORPORATION


Spencer LandSteve LarmanRicky LasterCasidy LeeKen LeedyStephen LobaughBilly LongShawn MarshRichard MartinezAndrew McCalmontMitch McNeillRichard MieserSteve MillsSidney MitchellClaudia MolinaNathan MorrisonTodd MurphyCindy MurrayJeff NewbyRick NunleyJohn OrtizDavid ParkerRobert PennelRyan PhillipsSharon PoolBob PortmanEric PowellMike L. ReddickRonald ReidleMartin Robertson IIA.D. RobisonRandy RodrigueVern Roe Jr.Danny SchmidtKary SchnebergerStacy SettlesDewayne ShawMichael SherwoodWill ShislerJim ShoptawGreg SkilesChad SmithJesse SmithRobin SmithDuff SnowMaria StrainJosh SwiftOscar ThiemsChris TownsendMichelle TownsendRyan TurnerRodney VaethFred VasquezRuben Vega Jr.Al WarnerJames WarnerMichael WeeseHazel WelchLeslie WertzEddie WhiteheadJohn WilkenGary WillefordMark WillsonJerry WilsonRobert WilsonRoy Wilson2003 (226)Ronald AaronPat AblaLisa BagwellCorky BakerStaci Barentine-BogleCharlie BatemanMike BechtelJohn BiggsBruce BoydTammi BradfordGeorge BradleyKim BradySerena BranchDavid BrannenJerry BrayAron BridgesRonald BromlowJennifer BroomfieldBryan BrownJeff BrownHeather BrunkerKenneth BrunsonJohn BullardBayley BurnsCyndy BurrisBuster Burton Jr.Ara BushLori ByrdKeith CameronBob O. CampbellPat CarsonGary CarterDennis CernyDavid ChisumMike ChurchwellTony ClarkMichael ClintonMatthew ColbertTom CorleyBrian Cox Jr.Bryan CoxMichael CramerAnn CroanJarod CunninghamWendy CunninghamJohn DavisJon DavisRyan DeanScott DicksonDennis DixDerek DixonSteve DonleyShanon DunlapJody DunnGary DurkeeJack ElliottJimmy EmberyCharlene ErnestKeith ErvinJim FansherUrsula FausCarol FehrenbacherMark FerbracheJeff FisherMitch FlorescaTommy FoustT. R. FoxJustin FroehlichEdd GabbartFred GagliardiTim GalleglyTravis GeorgeB.K. GibsonKenneth GideonDana GinanniJohn GistRandy GladdenDavid GodseyJeff GortonJim GovenlockLarry GreyPablo Hadzeriga Jr.Paul HagemeierBuck HallMichael HallRonnie HaneyJessie HardinGraham HarrisRoger HarrodRich HearstPancho HendricksTara HenryGlen HensleySue Ann HenthornCatherine HesterLanny HolmanMisty HoltgrefePaul HouseBrian L. HowardRoy HoweDonna HuffRosie HuttonAngela IngargiolaJames InmanJohn JacksonDave JohnsTommy JohnsonJoseph KennedyDavid KerriganMelissa KetchumJoe KidwellNeil KincadeDanny KingMelvin KingcadeMatthew KlaassenJennifer KnottPete Lane Jr.Jeff LasaterAl LavenueKathy LeasureDustin LenhartNick LittleDustin LockeGeorge LomanClint LordJason LowreyJack LowrySergio LujanShane Lukasek Jr.Sharon LuttrellLewis LynchMark MabeAli MallettJeremy MarpleShelly MartinAlfredo MartinezAlex McCalmontKenneth McGuire Sr.Menecca McHoneCarol McKenzieRyan MeachamRandy Mefferd IIEddie MerkelR.T. MillerBrent MillsJay MonroeAlfredo MontielLucretia MorrisHuey MortonLarry MossmanPaul MundingMaureen NelsonJason NicholsTal OdenTony OlivierRena OwenAshley PaineTobin ParisNancy ParkerGary ParksGale ParmanKellie PattersonDonnie Patton Sr.Andrea PatzkowskyMichael PhillipsRonnie PittsBrent PletcherJerry PrestonJennifer PryseRegan RaffKen RechlinWes ReddingJim ReischMindi RichardsonMatt RobertsJody RobertsonAnita RobinsonKristen RogstadDoug RomeroMark RussoBeverly SampsonLarry SavageBob SchmickerDave SchoonmakerKim ScottKily SeamanJanet SellingKeith ShahanClay ShamblinKelly ShipleyAaron SiemersStacy SmithBlake StacyJoyce StanmireScott StearmanRick StongMarla StrackLuke StricklandMichelle SurrattBlake SurrellDanielle SydnorJaime TatroAmber ThomasChevy ThomasonJerry ToddScottie TrejoSeth UnruhJulio VasquezLarry VentrisJohnny VothKeith WagnonMarty WallJosh WanglerBrad WatkinsNoel WayDan WelchDavid WernliDe Ann WilliamsNicole WilliamsDavid B. WillisBill Wince Jr.Martin WiseJames Worsham Jr.Todd WrightLinn YouseyLori Zang2004 (353)Greg AdamsJustin AdamsCarol AdlerGary AllenStephanie AllsburyTim AndrewsChad AntonRonald BabersKristi BaconJeffrey BaileyBobby BakerJeff BallardEric BarbeePaul BareselTina BarnhillDamon BeasleyGeoff BeaulieuTerrye BellCurtis BlakeLorraine BlanchardBradley BlevinsLee BlevinsAaron BloedowCourtney BloodDeborah BondBrian BookerTad BooneKristin BottomThomas BoucherAngela BoulwareDavid BowesDarrel BransonRudy Bravo Jr.Avis BrayJeff BrayDustin BrinkleyJeff BrinleeTerri BristowDarren BrittainAnita BrodrickDonald BromlowBrad BrownDan BrownDiana BrownHarlan BrownJason BrownPamela S. BrownRonnie BrownTravis BrownAaron BuchananCraig BuckKingsley BurkeJackie BurksJosh BurrisTim ButkusAmber ButlerJuan CalbilloMike CampbellChristopher CantrellRandy Cantwell20,000 VOLUNTEER HOURS OklahomaKeeping score, corporate staff employees celebrate 26,134hours of service donated to organizations in more than70 communities throughout the company’s operating areasas part of its 20th anniversary festivities.Larry CarterLupe CastroJana CathersMichael ChesterYong ChoTony ChurchillCherokee ClarkJustin ClarkCarolyn CobleBrenda CoffmanRich ColbertPaul ColemanCraig CollinsAndrea ConnerHershel ConradJennifer CookseyMelissa CostelloDanielle CostillaLorrie CottamCole CoursonPatrick CrainSharon CrainTim CrissupKizzy CrowellJustin CruseCathy CurtisRyan CurtisGlenn CushenberyClint DailyEvelyn DanielJennifer DavisRobbie DeanLuke Del GrecoDavid DeLaOAlene DoKelly DobbsJohna DodsonKirk DoughertyDustin DrewChuck DuginskiPeggi ElliottBrian EllithorpCarlos EvansRobin EvansSheila EvenRon EverettLibby FanningErik FaresFred FerbracheDustin FickJeremy FinefrockJeff FinnellJarod FiteWalter FletcherTommy Ford Jr.Anville FrancisLinda FriesTerry FrohnapfelGary GarrisonJohn GarrisonGuy GaskillPaul GeisingerRonnie GivensJosh GlancyJohn GlynnLinda GoodMichael GoossenJennifer GrangerAngie GreenCoty GreerBonnie GriggsMark HadlockVictor HaleyMark HamiltonKaty HamptonRachael HanochAndrew HanscomJoel HarrisRobert HartMelanie HarveyLinda HavrillaHeather HawkinsRebecca HendersonTim HenleyChris HenryFrancisco HernandezRandy HerringJ. D. HertweckMelissa HeuselHolly Hicks-BlackAlvin HighfillKevin HillDanny HinkRandy HodgeBuz HollowayLatania HoltAlan HortonDoug HowethWill HubbardLauren HumphreyCristy HutchensAdam HutchinsonMark HyltonJamie JacksonRandy JacksonJeff JamesRyan JamesonJayson JanesAmanda JeantetSam JohnsonJeffrey L. JonesSteven JonesJohn KeelingShamara KeithLindsay KellerBill KerbyJason KneedyBrenda KnightBrett KnightJosh KomarekMatt KopfPam KoscinskiJennifer LandersJames LardnerKelsey LattaCory LewisShea LewisBrent LightseyMelvin LikeRichard LoftinHarold LopezJustin LucasBarbara LydickLuke LyonsStanley MajorMichael MarkerTara MartinLolo MartinezRoqelio MartinezBill McBrayerJohn McCartneyKelly McConnellDuane McDowellMike McGinnisDonna McGriffNatalie McNeilRyan McNeilCliff MerrittMatthew MilledgePat MillsSheldon MillsRodolfo MolinaElton MonroeKendra MonroePenny MontgomeryDana MooreSteve MooreAdria MorganSim MorganJimmy MorrisElisa MountMark MurrayTim MurrayChuck MyersTodd NanceMichael NewRich NewtonMatthew NowlinEMPLOYEES 31


Karyn OlscheskyTimothy OlsonShery OrahoodSteven OwenRegan PaquetteLindsey PargeterGlenn ParkerRyan ParmanWalter PattenDeone PearcyChris PennelAndrea PennerRaymond PerezDwain PetersonRandall PierceDebbie PietteDennis PlemonsKeitha PlumleeBryan PotterJanae PowerKelly PriceJohn PriestFlo PrietoJosh PurcellOdie QuigleyShelly QuimbyCary RagsdaleLoren RaleyBrad RalstinJuan RamirezJeff RamsdellTom ReasnorShannon ReedDoug ReussJack RhineDusty RhoadsTiffany RhodesJerry RhymesRenee RiebeGary RobbinsBill RobertsChip Roemisch Jr.Richard RosencransKelly RotherMary Ann SandersLarry Satterfield Jr.Perry SchefflerTerry ScifresHeather ScogginsJoel ScottJohn SeldenrustJuan SernaSteve SernaAuggie SetiadarmaJohn SharpJack ShaverPaul SheliteGene ShepardKyle ShipleyPaul Skelton Jr.Stacy SlaterJulie SlatonClay SmithMark SmithMonte SmithJewel SneedGail SpencerRobert SperandioTerry StaffordDaryl StallingsSteve SteadhamJoe StewartPete StewartDavid StoneTravis StoutJohn Stoute Jr.Tom StovallBob StreeterNOMAC TRAINING FACILITYArkansas Lanny Hotaling, Floorhand,benefits from <strong>Chesapeake</strong>’s hands-onapproach to training at the company’sfieldhand training facility in Searcy.Kelsey SwinfordMark SyzemoreBarry TarmanRay TaylorJon TerrellGerald ThomasRandall ThomasRenee ThomasRobert ThompsonKelly ThomsenRyan ThomsenCathy TompkinsT.J. Treece IVTom TreeceBilly TrentMike TurnerJohn UhlenhakeBilly UptigroveAnji VonTungelnAaron VrbenecFred WankerBryce WardKyle WelcherPatrick WhitmanAmanda WhitmireTom WibleJackie WicksAndy WidmerLeon WildmanChase WilliamsRandy WilliamsAntoine WilsonKelly WilsonDave WinchesterJeff WolfJerry WomackDana WooCarla WoodHarold WooleyLandon WorthJill WrayJose YanezMark YeisleyBecky YoungJosh YoungDavid ZergerSteve Zmek2005 (794)Daniel Abeyta Jr.Jim AdamsJulius AdamsRobert AdamsTony AdamsRonald AddingtonChrista AdkinsJamie AdkinsJeff A. AdkinsJeff J. AdkinsWayne AdkinsNancy AguilarReford AlcornBill AllbrightCindy AllenClaude AllenErin AllenSandy AlvaradoFred AmburgeyDavid D. AndersonJeff AndersonGary AnthonyRandy AnthonyLinda ArambulaDawn ArismendezLee ArnoldDavid AthaMatt AtkinsJeffrey AtteberryRyan AtwellRebecca AvantBrian BaileyLeigh Ann BaileyMarty BainKyle BakerMelvin BaldridgeMills BaleGary BarnardRick BarnesMark BarringerShawn BarronKaren BartleyCody BartonBob BaryBob BaxendaleDustin BaxterTraci BeanLyndal BeasleyThomas BeatyJoe BeaudoinTyler BeaverJohn BeckwithWilliam BennettCornelius BirminghamAndrew BlackKenneth BlackburnRon BlissDot BlytheBuddy Boeckman Jr.Nick BoeckmanCharlie BoggsTimothy BohannanRaymond BohnetK.P. BolandCorey BoldingRachel BolenRonnie BonnettAdam BosTim BostickMark BottrellStacie BoydJoe BradfordEverett BradleyKenny BraggDavid BranhamDebra BranhamGail BranhamDel BrazealChris BrennanJordan BrimRonald BrisendineBrent BromlowWilfred BroussardDonna BrownRichard BrownKathy BuckleyNichole BuersmeyerVicki BumpasKara BurchRodney BurgessSteve BurnettAbiel BuruatoRonnie BynumGavan ByrdSkye CallantineDeric CanaryMichelle CantrellSteve CantrellSilas CarnesDennis CarpenterKrista CarpenterMendy CarpenterShannon CarrionCathy CarterKyle CarterZulema CasasCassie CastoLuAnn ChanceDarrel ChandlerDonald ChaneyMike ChapmanRichard ChinNikki Church LemonCathy ClarkCharles ClarkLinda ClarkJames ClayDana ClaytonElizabeth ClemJack Clement Jr.Bryan ClevingerPaul CoffeyJackie ColeJC ColemanRobert W. ColemanKevin CollinsTiffany CollinsChristian CombsDouglas CombsGary ComptonMichele ComptonBill ConnardPaul ConwayStephen CookPhyllis CopleyCurtis CorcoranMike CornetteGeron CottamTim CottrellA.J. CoxElsie CoxMarisa CraigDennis CrispVernon Crumm IIIJoshua CrystalCharlotte CulliferLarry CunninghamRonnie CunninghamArthur CurryBilly CurryDavid CutrightIrene Da RochaBo DanielChristy DareFred DaughertyDonald DaveyEmily DavisJacob DavisKhari DavisLisa DavisRod DavisRicky DawScott DelaneyMario DelaoJeremy DentonAletha Dewbre-KingHank DeWittBrent DixonDarrell DollensPete DominguezTyler DoolenBarney DosierStephen DuBoisDane DuneganDustin DurkeeHouston EaglestonJoe EarleyAnthony EarnestNate EasterMike EdwardsWilliam EdwardsTravis EgnerEric EllerRobert ElliottBryan EllisLinda EllisKay ElrodAlan ElswickRicky EndicottAngie EnglandRanulfo EscamillaDavid EudeySara EverettStacy EvettDeanna FarmerK.C. FergusonMark FermanCori-Dawn FieldsGrover FieldsBrad FinleyDonald FisherDoyle FisherJeff L. FisherMarc FleischerAdam FloresLendel FlournoyMeara ForemanDarcie FosterJason FournierRicky FrenchVictor FriasBret FrieRachel FriedmanScott FriedmanMike FriendRodney FriendMindi FrieseAndy FritschRachael FugateToby FullbrightDennis GagliardiMichael GalloBeau GallowayCleab GambleAlma GarciaLori GarciaTonya GarrettFred GatesLiz GerhardLoretta GibelyouJosh E. GibsonJohn GilbertRhonda GilesDavid GilliamKeith GlasgowDavid GlassZane GlasscockJason GlasseyMitch GobleDave GockeBrian GoinsHeather GomezAlex GonzalezMartin GonzalezPaula GraceBrian GraefnitzDaniel GrahamHenry GranadosJay GrayKenneth GrayStephen GrayRodney GreathouseMarcus GreenShane GreenTracy GreenBrady GreerEddy GreyDavid GriffithGreg GromadzkiRonnie GuerreroDave GumTodd GumJim GummRodney GunterRoberto GutierrezJarad GuynesJohn GwynnPatty HaffeyLea HainRonald HalbertDonny HaleGarrett HalePaul HaleBarb HallBridgette HallDon HallMarcus HallMike HallJoe HalsteadWheeler HammitDave HancockBuddy HarbisonRusty HardinLonnie HarlDewey HarlessMike HarlessNathan HarlessShanna HarmonEarl HarrisMichelle HarrisPhyllis HarrisTom HarrisDenise HartKenneth HartfieldSteve HarvathRandy HatfieldMelissa Hatfield-AtkinsonDaniel HattawayGaylon HavelTyler HawkinsJoe HaysWilliam HaysBrian HeckertFred HeinJustin HeinkenJill HeitertDarin HerndonCraig HicksEric HigginsJohn HighfieldDonna HilderbrandtRick HillKay HillaboldJuan HinojosaArthur HoehneGary HohenbergerRay HoldenThomas HollandNathan HollowayPat HolmanAlfred Hooper Jr.Randy HooperDrew HopkinsJoann HornJimmy HouseTim J. HouseTim M. HouseLindsay HoustonBrian D. HowardDoyle HowardKelli HowardGreg HowellSonny HtoonPaul HudginsJeff HuelskampChristine HughesLarry HughesRodney HughesZachary HumphreyAmy HutchinsonJason IlleBetsy IresonWilliam IresonJohnny IsonBryan JacksonMike JacksonKris JanzenBobbi JohnsonBrent JohnsonBruce JohnsonGeorge JohnsonMark JohnsonP.J. JohnsonSteve S. JohnsonKevin JohnstonLonnie JohnstonDavid S. JonesFred JonesMark JonesPat JonesGreg JordanJessica JornsFrances JowersJoe JuarezLarry JusticeErin KaiserBrandon KammererKevin KappesEarl KarickhoffRobert KeenanJohn KellerEarnest KeloughKate KelserBrad KempRon KendrickMike KeyTommy KiddDonna KingGary W. KingRyan KleinMark KnappBrad KnightAndrew KockGeorge Kohlhofer IIIJennifer KraszewskiRusty KreizenbeckKim KremerKris KuehnLinda KurtzJim KwasnyAnthony LaffertyBill LaffertyPaul LaffertyJennie LambertSidney LaneKaren LangleyTerry LathamHenry LatimerMike LaueWill LawlerRonnie LawrenceGina LawsonJoshua LawsonRobin LayneJeremy LeeLarry LeeKeith LehmanBrad LemonJames LenhartShannon LenhartMarty LesleyJohn Paul LeslieDustin LewisAl Leyva32 CHESAPEAKE ENERGY CORPORATION


Jason LierleWayne Light Jr.Dan J. LopataBecky LortonMichael LovelaceMichael LoveroAlison LoweDwayne LoweJason LundyPaul LupardusShauna LyonSean MaciasAngie MackeyCraig ManaughAmy MarburgerRobert Marsh IIIJace MarshallBilly MartinDanny MartinDeb MartinJames MartinRandy MartinRobert MartinThomas A. MartinChema MartinezHomer MartinezEmily MasseyBill MathewsThomson MathewsMack MatthewsBruce MattheyJeff MaxwellMike MayJames MaynardAndrea MaysVicki McCabeKatrina McCaslinDax McCauleyChris McClaineMike McClellanJackie McComasThomas McComasMeri McCorkleJohnny McCoy Jr.Rocky McCoyCasey McDonoughVanessa McDougalWilliam McFaddenTerry McGradyJeff McGuireDonny McHenryAmy McIlhennyStacy McKayArlie McKeeKeith McKeeNick McKenzieBill McKinneyDoug McPhersonDirk McReynoldsDonnie MeadeMelissa MeekerDan MelcherBruce MeltonOscar MendozaSaxon MesaPaul MesserCasey MillerCathy MillerDaryl MillerJeff MillerKelli MillerMark MillerEligah MillsTom MillsMaya MimsKyle MinyardGreg MitchumJeff MobleyCheryn MokStephen MollettJim MooreMichael L. MooreSherrie MooreTeresa MooreDave MorehouseJose Moreno IIIPhil MoserJim MottesheardDoug MullinsJaime MunozDan MuretSean MurphyJustin MurrayBhavin NaikTim NanceTim NapierRusty NashJames Neal Jr.Scott NeaseTommy NeatheryDonna NeelJarrod NewberryKena NewmanRoger Newsome Jr.Robert NiavezSid NilesJustin NimrodKelly NixCurtis Nixon Jr.Kenneth NolanGreg NorthernRodney O’BrienAdam Olivares Jr.Michele OliverJohn O’NealDara OneyCharles OsbornBilly OsendottBryan OttKary OttKatie OvertonTony PadgettJoe PaetzoldWray PaineBill G. ParkerMatthew ParkerMichael ParkerToni Parks-PayneAmanda ParsonsTrisha PateHoot PattersonKevin PattersonKenneth PayneDeborah Payne-SherwoodTom PepperBrooks PerryGena PerryJody PerryMike PerryDenvard PetersJoe PetersonDonald Petzold Jr.Teresa PexaKevin PfisterGreg PichlerMichael PickensSusan PickensJoe PierceBilly PillarsJosh PittsSteve Poe Jr.Harold PorterJohnny PorterLaTonya PorterLeon PotterJared PoundsCara PourtorkanLarry PraterReco PreeceBob PriceJohn Prichard Jr.Jennifer PrinceMartin ProvinceBobby PutmanJeff RainesWeldon RaineyLarry RaleighKyle RangeKeith RasmussenBilly RatliffJennifer RatliffPeter RauscherDonna RayLonnie RayVickie RayGavin ReedKenneth ReedMelissa ReedNathan ReedStevie ReedBrian ReederLorrie RenfroPhilip RennerR.J. RetzerJeffery RhoadesStewart RhoadesJerad RhodesMike RiceRay RiceBill RichardsonChad RichardsonJoni RichardsonRalph Riffle Jr.Johndetta RileyJohney RileySteven RileyBrandon RipleyAJ RisnerNakita RizzoBen RobinsonCarole RobinsonJohn RobinsonRusty RobinsonPedro RodriguezBrad RogersCliff RogersDionne RogersJohn F. RogersChuck RoseDayton RoseKristin RoseHargis RossLloyd RubottomGary RussellGeorge RussellJim RussellJohn RyzaScott SachsClinton SalyersGary SandersJason SarakatsannisCarl SargentJay SavillBrandon SchefflerRob SchindlerDoug SchmidtRandall SchultzGreg SchwerdtfegerKathy ScottBart SeamanJennifer SeboLarry SegarSteve SeliquiniIvan SemienPerry SettlesGail ShackelfordTommy ShafferArco Sharp Jr.Jackie ShaverStan ShawDonald ShelleyMarvin ShepherdJohn ShifflettGreg ShingletonTammy ShingletonMike ShortJohn Shreve IIOdie ShreveLee ShrevesDerrick SierBob Simmons IIBrian SimmonsJustin SimontonBilly Sims Jr.Cami SimsLeo Sinnott Jr.Brian SkidmoreRalph Skinner Jr.Charles SloanMalcom SloneMiranda SmallEric SmithJohn SmithJonathan SmithLindsey SmithRoy SmithScott SmithStephen SmithRonald Snyder Jr.Manuel Soriano Jr.Myron SowardsShellee SpencerJames SpillerKeith SpitzenbergerLarry StacyBriana SteelmanTarza SteinerRobert SticklerRobert Stickler IIJason StidhamJustin StinsonJayson StockJack StocktonBrandon StrackLola StricklandCallie StuckeyDave StumboScott SullivanTravis SullivanTodd SwartzbaughAnthony SweeneyCharles Switzer Jr.Amanda TalmichJim TampkePhilip TannerMike TarpleyBrian TatroGearold TaylorJody TaylorStephen TaylorEric TennantSteve TharpJoe ThomasLawrence ThomasVal ThomasWillie Thompson Jr.Mike TignerJackie TilleryBilly TimmonsKelly TorriCheryl TramellHuy TranMatej TriskaScott TruesdaleVernetta TubbsKristi TurnerMatt TurnerSusan TuterKenna UlderichSharon UlmerJason UpdegraffDana VadenJoseph Valerio IIBanner VanderpoolJakie VaughanRyan VeirsSuzanne VictoriaLupe Villarreal Jr.Tammie VoelkerLindsey Von TungelnCarol WagnerKenneth WagonerJay WalkerBenny WallaceCharles WallenRichard WallsLeonard WaltersJustin WardropBrian WasingerKaren WatsonJohn WeaverGinny WebbThomas WebbLisa Webb JohnsonShae WeddleJeff WeidesKeith WellsLee WescottKyle WhiteLarry WhiteMallorie WhiteDan WhitmarshValerie WibleCharles WilburnDale WildmanBrooke WileyMark Wiley IILisa WilkinsonDallas WilliamsDavid S. WilliamsNancy WilliamsTerry WilliamsB.J. Williamson Jr.Jason WilliamsonHack WillisRonnie WillisKent WilloughbyBrian WinesKelli WitteBrad WittrockJustin WollenbergJulie WoodardDonald WoodyRicky WorkmanLeann WrightYandy YarbroughDoug YeagerDanna YearginBo Youngblood IIIJustin Zerkle2006 (1254)Gary AbbottRussell AblesJessica AckerClaude AdamsJames AdamsKelli AdamsWilliam AdkisonEthan AdlerRohit AggarwalDoyal AkersKris AldridgeDaniel AlfordKenny AlfordJames AllenJamie AllenJason AllenJoshua AllenJimmy AllredRichard AllumsBilly AlvenJoe AlyJames AmelungBob AmyxCarol AndersonGary AndersonOtis AndersonRandy AndersonShelby AndrewMelanie AndrewsHoward ArnoldZachary ArnoldDavid ArringtonLiz ArthurThad AshcraftKevin AshleyAmy AskewMicah AssulinRoger AverittDavid AveryEd BackMisty BaezaTim BagbyAllen BagleyMichael BahrenburgAllison BaileyRonald BaileyButch BairdCharles BakerDennis R. BakerSitaraman BalakrishnanBoomi BalasubramaniyanLeonardo Baldonado Jr.Christa BallMichael T. BallLisa BallardJanice BallietMichael BaneWilliam BarkerDean BarnesKeith BarrettCecelia BarringtonJoshua BartonLorie BartonBrandon BashawAdam BasquezWarren BassDouglas BaughmanTammy BaxterLarry BeardTim BeardJohnny BeasleyJesse BeasonTiffany BeaverTerri BeckerSteven BeckettJim BedfordClint BeebySteve BeesonDanny BeetsBo BekendamRobyn BelewPaige BenedictCheryl BennettGarrett BentonJohn BergmanSharon BerkleyEric BessRobert BevelAmar BhaktaRandy Bickel Jr.Liz BicoyJacob BiernackiPam BillingsleyMatthew BirchJeremy BlackDavid Black Jr.Willis Blaker IIIPhillip BlankenshipEmily BlaschkeTony BlasierJimmy BlevinsDoug BohlenRichard BoldingMarvin BondBrandi BonnerDaniel BorowskiJohn Bottrell IIBrian BoundsBarbara BowersoxDeven BowlesDonald BowmanDrew BoyerErnest BozarthPhillip Bradford IIIJohn BradshawMark BrannonMatthew BransonJames BrantonKrystal BrauchiZora BraunJames BrayMichael BrenizerBradie BrewtonH. BriantMelvin Bright Jr.Wesley BrogdinBilly BromlowDavid BrooksVernon BroomfieldRob BrottJay BrownJP BrownNatascha BrownRodney Brown Sr.T. BrownTyanne BruceTimothy BrummageGreg BrutonFATHER/DAUGHTER DANCEOklahoma Ken Thompson,Manager – Barnett Shale field, andhis daughters enjoy an evening ofdinner, dancing and horse carriagerides around campus at this veryspecial annual event.Cheryl BryanJ.D. BryantMarria BrydonKala BuergerJoshua BuieTodd BulesClifton BullardBlair BunchNiki BurchRoger BurfordDarrel BurghardtJohn Burkhouse Jr.Jake BurnettJim BurnettAaron BurnsBurton BurnsCharles BurnsworthRichard BurrhusPhil BurrowJoseph BurtonDustin BushnellEric BynumTom A. BynumTom W. BynumKorey ByrdScott ByrumStephanie CahillJerry CaldwellRickie Callender IIIJorge CamachoJason CameronJohnnie CampbellKaren CampbellKenneth CampbellShanna CampbellJohn CanarySteven CarderBryan CareyColt CarpenterConnie CarpenterOctavio CarpioEMPLOYEES 33


Deborah CarrollJames CarrollStephan CarrollJames CarterAlex CasiasBernardino Castaneda Jr.Charles CastelliJose CasteloJose CastilloAaron CastoBrandon CatesScott CavnerGregory CavnessCassie CawyerRosa ChaconTim ChaloupekHarvey ChamblissPaul CharlesDavid ChavarriaOscar ChavezKathy CheesmanJames CheshireHenry ChildressRichard ChildressStephanie ChoateRodney ChristianTwila ChristyKerry ClappSuzanne ClapperBrandon ClarkDavid ClarkDustin ClarkJames W. ClarkLeon ClarkStacey ClarkSteve ClarkJason ClaunchBrad ClaypoolErin ClaytonJesse ClaytonCathi ClementsEric ClementsJeff ClemonsMichael ClevengerRonald CliftLindy CochranRobert CochranTimothy Cockerham IIBrent CockrellLauren CocoVirgil ColemanDavy CollinsKatie CollinsDee CombsJason ConawayGreg CondrayJeffery ConleyAndy ConyersBlayne CookJim CookJacob CooperLinda CooperScott CopelandJeff CorneliusJustin CornellSteve CornettPreston CorpDiego CortezMario CortezJanice CoryBob CostelloBobby CostelloCody CostelloLarry CostelloStoney CostelloWilliam CostonCrystal CottrellJereme CowanH.E.L.P. INITIATIVE OklahomaMark Lester, Executive Vice President– Exploration, gives a pat on the backto Mark Orgren, the company’s firstH.E.L.P. Champion, for exemplifying<strong>Chesapeake</strong>’s commitment as a goodneighbor. Orgren organized volunteersto renovate the auditorium of HardingCharter Preparatory High School inOklahoma City.Jeffory CowgerChris CoxJeremy CoxSteven CoxDonnie CraftTina Craft GrantTravis CraigDenise CramerBud CraveyJoe CreechRicky CriderScott CrimJimmy CroneJohn D. CrooksMurphy CrosbyPaul CrowCasey CulpepperMelissa A. CummensRay Cunningham IIDouglas CzakoAaron DaharshLaurie DamronMichael DamronDavid DaniAlvin Danley Jr.David DanleyJoseph DarrBeverly DartJeffrie DavidsonBetsy DavisChad DavisGarry DavisKathy DavisMegan DavisRodger DavisRon DavisKenny DawsonRobert DayGreg DeanLandon DeanStanley DeanKevin DeedsMatthew DeelTim DeffenbaughDonald DeForest Jr.Gary DennisMark DeShazoKarl DexterGianny DiazAndrew DickinsEd DillardDavid DisonRobert DisonLinda DixonMichelle DoddNicolas DominguezGary DonleyDonald DotsonStephanie DotyDawn DouglasGreg DouglasLorie DouglasJohnny DowdyJohn DowningTammy DresserAlfonso DuenezDustin DunlapRegina DunlapCurtis Dunn Jr.Larry DurantPaul DurenJim DurstDustin DyeTammy EatonRobin EbarbMichael EddinsJohnny Egnor Sr.Craig ElderJammie ElderJeff ElderEbbin Elliott Jr.Jordan ElliottMelanie EllisDarrell EnderlinJon EnglishRichard EnoffSteven EppsJarrod EsparzaJonathan EubankDee Eubank-SwigerDavid B. EvansGary EvansJody EvansRicky EvansRonald EvansLeann EversRonnie EzernackRicky FarnsworthAndrew FarrisMarcie FarrisShyla FastBryan FergusonKeith FergusonTessie FergusonPerry Fields IIITommy FillmanThomas FinchBrent FinleySteven FisbeckDavid FisherJerry FisherJohn FisherMichael FiteChris FlanaganMichael FlaneryMatt FleischerBrenda FlesherJose Flores Jr.Garrett FlowersTerry Floyd Jr.Thomas Flynn Jr.Danny FordMartha FordJimmy ForsythAnthony FosterClarence FosterRobert FosterClayton FoutchJulie FoxJason FranzeAnnie FredricksonTravis FrelsNicole FritzLarry FrostSam FrydenlundJames FrymanEvan Fuqua Jr.Christy FurbeeCarol GaddisFrank GagliardiSarah GainerJunior Garcia Jr.Martin Garcia Sr.April GardnerChris GardnerGeorge GarfieldLisa GarrettMark GarrettJavier GarzaJavier Garza Jr.Joel GarzaRaul GarzesJohn GasawayDouglas GastonScott GastonBrian GaunttKennie GayAnne GeorgeRachel GerlachJim GerstnerBobby GibsonSteven GiddingsTimothy GiddingsJon GiffinAnthony GilliamMandie GilliamCameron GilmerJim Gipson Jr.Ryan GlennJesse GomezLindi GomezZac GonsiorEric GonzalesAlberto GonzalezApril GonzalezEdgar GonzalezJulio GonzalezBilly GoodnightJustin GoodsonLacey GoodwinElijah GordonDonn GossLindsay GowanMitch GrantKenneth W. GravesBilly GravittRon GrayGabe GreenDylan GreyCamm GrimLane Grimes IIIBradley GrimmRafael GuerraDonald GunnoeHenry Gutierrez Jr.Ricardo GuzmanDarryl HaasScott HackworthLance HaffnerLarry HagelbergRobert HagerdonWayne HaireFreddy HaleKim HaleyBilly HallmanJohn HamiltonJoy HamiltonNathan HamiltonNathan HanksJoe HannaRobert HannaTony HansenRandy HansfordDustin HansonJosh HardieDean HardingFawn HardmanJames HardwayRyan HarkinsJames HarmanCody HarrelJohn Harrington Jr.Bryan HarrisMike HarrisRobert HarrisTerry HarrisSamuel HarroffDarrel HartDonald HartKevin HartlRoger HartleyBobby HarveySteven R. HarveyDon HarvilleTimmy HassDarcy HawkinsCarroll HayesEric HayesChristopher HaywardRobert HaywardTeresa HearnBrad HeathVirginia HebertSabrina HedrickDaniel HendersonGeorge HendersonNicholas HendersonMary HenningMark HenryDan HensleyArmando HernandezRafael HernandezMatthew HerrinJamie HibbsJoe HicksSid HicksTerry HicksJennifer HigginsMichelle HilemanChad HillJames HillClyde HinsonMark HlatkyChad HledikJustin HobbsJimmy HodgesJoseph HodgesJustin HodgesPatty HoeckerEric HoehneChad HoffmanHenry HoffmanLisa HoffmanBradley HollandTom HollandMichelle HollisMike HollisBradley HolmanWilliam Holman Jr.Bryce HolmesTimothy HolmesMichael HolsonLarry HoltDustin HomesleyMichael HommertzheimBill HooperKevin HooperDavid HooverMelissa HoppeRonnie HoskinsBonnie HouseDebbie HoustonSeth HoustonMatt HowardScott HowardSeth HowardJason HoweKenneth HubbardRachel HubbardCheryl HudakChase HuddlestonJarel HughesJustin HughesMark HughesMarshall HughesKirk HungerfordFrankie HuntBret HunterTami HunterElbert IdlettJustin IdlettLoyd IdlettPete IrbyJeff IvenSherry IzellChristopher JacksJoe JacksonLindsay JacksonMarianne JacksonPamela JacksonTroy JacobsJavey JamisonLance JamisonTodd JamisonChristopher JanzenAnthony JeansonneTravis JenkinsEric JenkinsonJessica JenningsJon JerniganDavid JirousekAlex JohnsonDonald JohnsonJeannie JohnsonRandy JohnsonSteve G. JohnsonWilliam JohnsonJeri JohnstonJoy JohnstonCindy JonesGary JonesKyle JonesTravis JonesBev JordanDoug JordanLauren JordanJeffery JuddNicholas JuddHunter KamPaul KarstensHemant KatariaTroy KeelMarvin Keeling Jr.Kenneth KeetonBelo Kellam IIILarry KellerDiana KelleyTommy KelleyTracy KeltingSammy KendallKris KendrickJosh KennedyJoe KetznerGil KiahaRussell KiddJohn KieschnickJeff KikerWayne KimberlingJohn KimbletonFay KincherJessica KingRichard KingNathan KirtleyJeffrey KlingelAaron KnappBuzz KnappAllen KnippersJeff KnoblockCharles KnottsSteve KnowlesLaurie KnoxSanjay KodamDenise KogerBlake KoonceNathan KressMuhamed KuburicSunita KuburicCameron KuykendallHoang LamJane LamTony LamasDennis Lambert Jr.Jerry Lambert Jr.Corbin LandSandra LandgrafBob LangdonB.J. LarmanChris LauhonJohn Lawman Jr.Johnny LawrenceKelly LawsonTom LaymanJames LeBouefRyan LeeSamuel LeeStanley LeeDave LeopoldJustin LewellenCindy LewisFred LewisPeter LewisKaren LilesJim LindleyJill LinkenaugerTrey LittauCharles LivingstonRonald LoefflerClayton LongEllen LongTeresa LongJames LooneyDavid LopezJaime LopezNiles LoudenslagerCandice LoveMorgan LoveDustin LovellJennifer LowtherSilvano Lozada-LunaAllen LuderDavid LukeCharlie Lumpkin IIIBrent LurryJosh LyonsEmily LytleJeffrey MacKayKevin MackeyJamie MaddyGlenda MahoneyJorge MaldonadoJuan MaldonadoRamon MaldonadoMonica MalkeyJames ManningJuan ManriquezJimmy ManryKerry ManuelLaura MarcellusMarkus MarrPatty MartinBraulio MartinezMark MartinezValente MartinezMissy MartiniMichael MarunowskiBobby MatthewsNicholas MatthewsMaya MaximovaDelores MaxwellGreg MayMichael MayfieldMonty MayfieldAngela McAlisterDerald McAlisterJulie McCannRich McClanahanKatie McCordChris McCormackLacy McCornackGarrett McCulloughShaun McDanielStephen McDonaldDavid McDougal34 CHESAPEAKE ENERGY CORPORATION


Jenni McEachernKelle McEwenRay McFarlandHarry McGarrMeghan McGheeTodd McGinleyChristopher L. McGinnisJohn McGowenRichard L. McGuireCurtis McIntyreIrma McIntyreChad McKamieDennis McKamieJohn McKayPatrick McKimHeather McLainJessica McLainAmy McLanahanWalter McLaughlinAaron McLeanCaleb McLoudMatthew McMahonSteve McMillenBeau McMillinMatt McMurryHeather McNeilRobert McNuttDanny McRaeJames McWhirterDonnie McWhorterEd MeadeTom MeadowsFernando MedinaDennis MeigsJunior MelendezDouglas MeltonWes MerchantCurtis MerilattWilliam MerkelJarod MerleJustin MetzSteven MeyerBarry MichelsAllen MiddlemanAllen Miller IIGreg MillerGregory MillerMatthew MillerRonald MillerToni MillicanAudrey MimbsBenjamin MinerJerame MinkDustin MintonSantiago MirandaGeorge Moats Jr.Chris MobleyJanice ModisetteKeith MoffattMohammad MoinuddinJohn MolesAngela MonigerAndrew MontgomeryTom MooneyDeanne MooreLarry MooreMichael S. MooreWalter G. MooreArturo MoralesGuillermo MoralesHector MoralesGuillermo Morales-MataCharles MorckelCarroll MorganJay MorganRoger MorganNick MorlandTim MorphisJames MorrisMike MorrisNicholas MorrisRalph MorrisBilly MorskoJeffery MortashedJoseph MortashedJason MoxleyJohnathan MuellerGregory Mumme IILewis MunnDanny MurrayMatt MurryAntoinette NellBree NelsonJW NelsonLaverne NelsonRodney NelsonLacey NeumanKyle NevelsJere NewberryTravis NewberryEric Newman Jr.Shane NewmanHolly NewsomLori NguyenThomas NguyenNick NiemannDrew NugentDavid O’BrienMarvin OdermattJason OffermanMichael OgletreeDennis O’HandleyAnthony OlivasMichael J. OliverMark OrgrenChristy OroscoRandy OrsburnDon OsbornDarrel OvergaardCasey OverhultzDe OverstreetTammie OwensChris PaceThomas PaceLindsay PalazzoloJanie PalmaKurt PalmerRobert Palmer Jr.Betty PaoliniCandy ParkerEdwin ParkerJulie ParkerCarla ParrishUmesh PatelMonte PattersonJohn PaulMichael PayneRickey PaytonDaniel PearceBlain PearsonChester PearsonKim PearsonAriel PenaDanielle PenlandTerry PerdueJoe PerezAddie PeschePaul PhillipsAlan PierceJennifer PierceMarty PierceJames PineMatt PinionJeff PinterRoger Pippins Jr.Lara PitchfordBrooke PittardMichael PittserFilemon Plascencia-AcevesLori PlumleyRichard PogueDavid PoindexterRandy PoindexterRichard PoindexterDavid PolveMatthew PompaDavid PonceTaos PoolTimothy PooleRaymond PoseyNick PottmeyerJordan PowellKelli PrattSindy PrescottJoseph PresockMarsha PresockRicky PryorRonald PutmanMatt QueenMaria QuezadaMary QuinnBarbie Quinn DavisTyson RaaschDaren RaderMark RaidtJohnny RainsHermenegildo RamirezPeter Ramirez Jr.Raul RamirezBonnie RamonArturo RamosJessie RamosCody RamseyGary RamseyGreg RamseyRoy RashAaron ReamRoger RedmondGalen ReedRaymond ReeseJacob ReevesChristopher Register Sr.Keith ReightlerJohn ReinhartBrad RekietaAllen RemmersSanthanaraj RengaiahMatt ReserAaron ReyburnJorge ReyesRoger ReyesJustin ReynoldsChris RiceBeth RichardsHenry RiffeSandi RileyLarry RitterGregory RiveraCourtney RobertsJosh RobertsMatthew RobertsRaymond RobertsStacy RobertsVincent RobertsDaniel RobertsonMichael RobertsonScott RobertsonScott RobinsonPaul RodesneyAndrew Rodriguez IIIJoel RodriguezMaria RodriguezRobert RodriguezRuben RodriguezSarah RodriguezJuan Rodriguez-HuertaJon RogersBailey RollinsDanielle RoperLeonard RoperVinson RoperGlenn RoseRichard RossRobert RossTommy RossGreg RossmanScott RotruckLoni RowanDavid RowlandJackie RoyDaniel RuckerEric RuckerMichael RushingDena RussellDon RussellJackie RussellDusty RustTracy RustJason RuthMatthew RutledgeGurpreet SalujaKelly SandersMatthew B. SandersDale SandersonJohn Satterfield IITerry SaurbornPhillip SaxonPerry ScalesDavid Schmidt Jr.Shawn SchmidtKaren SchmuhlErnest SchroederMichael SchulzEarnest SconyersBannon ScottJoseph ScottKrystle ScottLarry ScottKevin ScovilleStoney ScrivnerDavid SearlsScott SecrestDusty SeigerDebbie SeiverlingDale SelfKenneth SellJobey SellersJon SelzerLouis SenkyrikClint SepulvadoAmanda SernaJ.C. SettlesBrooke ShannonDouglas Shannon Jr.Jimmy Sharp Jr.Wendie SharpFarley ShawFrederick Shaw Jr.Carroll ShearerDavid ShellstromMichael ShermanMichael ShiersKurt ShipleySteve ShireCarl ShorterAllen ShuemakerGregorio SilvaTerry SimmonsC.J. SimsChristopher SimsMary SimsRandy B. SimsRandy S. SimsRickie SimsRudy Sims Jr.Ward Sims Jr.Trevor SinclairJames SinghisenRicky SingletaryDanny SingletonAmanda SiskWilliam SissonCharles SittonMichael SlamickBryan SloanNathan SmarrEric SmeltzerBrian E. SmithDeane SmithDenise SmithEmily SmithErnest SmithJason SmithJustin E. SmithKade SmithMichael C. SmithMichael E. SmithMitzi SmithMonte K. SmithRusty SmithTommy SmithTroy SmithWaylon SmithBrian SniderChad SnowRich Snyder Jr.Pam SoltaniBecky SoutherlandPete Spadafora IIRodney SpencerLou SpitznogleDerek SpreierRene St. PierreSteve StaffordCraig StaleyJason StaleyDon Stanley Jr.Ronnie StattonJohn StephensPeter StephensRobby StevensRoger StevensLyvonne StewartJason StollingsMichael StoneRichard Stotler Jr.Andy StrealyRussell StreeterJohn StricklandRonnie StrohPerry StudebakerTeresa SullivanHeidi SuriJohn SuterRoger SutterfieldAnastasia SvecRick SvorJayce SwartzJoshua SwartzKevin SwigerColby TackettKevin TannerRonnie TarverDonny Taulbee Jr.Alan TaylorDavid TaylorJack TaylorMatthew TaylorMike TaylorRick TaylorSarah TaylorAndrew TencerNicholas TerechDaniel TerryRoss TerrySamson TesfaselassieGwen ThomasJason D. ThomasLacey ThomasPaul ThomasRichard ThompsonTravis ThompsonElmo TillisAndrew TiptonMikki TomlinsonScott TomlinsonJerry ToneyJohn ToneyBrandon TreeIgnacio Trevino Jr.Juan TrevinoDominic TrivittMatthew TroupDanny TrowbridgeDaniel TruongIrina TuckerSteve TurkChris Turner Jr.Corey TurnerJaffe TurnerDonald TusseyJoshua TycerJames Van AlstineJeffrey Van GrevenhofClyde VanceShawna VanceMartha VasekDakota VaughtBrandt VawterGerardo VelezRandy VillaireDustin VinsonBrenda VitatoeJonathan VogelCurtis VoylesRobert WagonerHuey WagstaffWillie WainmanErin L. WalkerNoah WalkerChristopher WallaceDonnie WallisMatthew WaltersElmer WarnickMatt WarrenWil WarrenKeith WashingtonMatt WatkinsDusty WatsonJames WatsonLuke WatsonMatthew B. WatsonRod WeatherbyLauren WebbJohn WeberJohn WebsterBrad WechslerDonald WeedJody WeidnerThomas WeidnerMatt WeinreichJohn Weir Jr.Michael WelchToyia WellsAnn WendorffLeonard WesleyLuke WestfahlSam WhitakerRobert WhitbeckBilly WhiteJames B. WhiteJames K. WhiteJerry D. WhiteJerry D. White Jr.Christy WhitedBernice WhiteshirtJoe WhitesideJames WilhiteKent WilkinsonCynthia WilliamsEric WilliamsJim WilliamsJoshua WilliamsJustin WilliamsMarlene WilliamsRashaw WilliamsThad WilliamsZachary WilliamsCalvin Williamson Jr.Jeff WillisTyler WillyardAndrew WilsonBrent WilsonChad WilsonJulie WilsonSteve WilsonTrista WilsonWarren WilsonJim WimmlerFranklin WindhamAmos WiseCraig WittenhagenIvan WolanskiMike WoodTaunya WoodHenry WoodruffTara WoodsMegan WoodworthDan WoodzellShawn WreathBradley WrightErran WrightMary WrightMichael WrightGreg WyattKeith YankowskyKevin YarbroughScott A. YoungMina ZaheriBrigido ZaldivarSimon ZavalaJason ZielkeJeff ZigaJody Zigler2007 (1362)Kenneth Aaron IIRobert AbbottMichael AbilaClifton AblesRodney AcostaChris AdairChristopher AdairDavid M. AdamsJeremy AdamsVictoria AdamsJamie AdamsonKevin AgeeRoberto Aguilar-GarzaYemi AjijolaiyaClint AkeRaymond AkinsAdrian AlanizIsrael Alaniz Jr.Leonardo Alcantar-LopezJohn AlcortaDebbie AllenRonnie AllenTucker AllenRyan AllisonJacob AllynArdy AminJeff AmosFORTUNE PARTY OklahomaEmployees enjoy a party with alive band and dinner to celebrate<strong>Chesapeake</strong>’s third consecutiveinclusion in the FORTUNE 100 BestCompanies to Work For ® list.Boz AndersonCody AndersonDusty AndersonMaribeth AndersonRick AndersonWayne AndersonClenda AndrewsMoises AnguianoGreg ArcherSteve ArcherKolby ArnoldRoger Arnold Jr.EMPLOYEES 35


Tyrerei AshcraftJerry AshleyRobert AtchisonJoseph AtkinsRickey AveryNoa AvilaWilliam AycockWilliam Bagley Jr.Chris BaileyKevin BaileyChris BakerDavid L. BakerDavid M. BakerGarrett BakerJeremy BakerJoe BakerLeslie BakerTeddy BakerChad BakkeRick BallRobert BallCindy BalslyJeremy BanesAmy BanuFreddie BarelaJudson BarkerBeata BarnaCraig BarnardSharon BarnettJorge BarronJulie BarronRedmond Barry IIIWayne BartlettTravis BasingerAdam P. Basquez Jr.Stacey BatyLaura BauerBenjamin BaxKimberly BealDavid BeardBecky BearmanJustin BeattyCory BeckLarry BeckwithArianna BedellJason BedowSam BedriRodney BelcherBen BellChristy BellScott BenderAndrew BennettBrooks BennettLaura BennettNathan BergBarry BergstromTy BermeaPam BertJon BiegelMarvin BiggarBryce BiggsRandy B. BillingsRandy T. BillingsRyan BillingsEd BirdsheadJeremy BirkesWes BishopRobert BitnerQuinton BlackShawn BlackCraig BlackburnTimothy BlackmonJerry BlairJohn Blake Jr.Jared BlakleyBrandon L. BlevinsSammie BlevinsBlake BoeckingDebbie BoggsJosh BogleMercedes BolenRichard BoltGreg BommerJustin BondDustin BooneJared BorenRyan BoseJimmy BourlonAlana BouseRonald BowdenClayton BowermanLesley BowmanMike BowndsChris BoydDiana BoydEddie BoydstonGene BoyerKyle BradfordCasey BradyDanny BranchJordan BrandenburgEugene BranhamJoe BranhamDanny Bratcher IIErika BraverDennis BreakfieldDarryl BrelandLance BrelandJeff BridgwaterEric BrittonKeri BrockTanner BroomfieldDeanna BrouilletteAaron BrownDavid G. BrownEddie BrownJason BrownKenneth Brown Jr.Scott BrownJeff BrowningJames BrumleyKasey BryanJoshua BryantRusty BryceJonathan BrysonTanna BuieKenton BulsonShannon BunnerPhilip BuntingStephen BurginJohn BurksTracy BurlesonTom BurnettJerry BurnhamJerry BurnsSundee BusbyLouis BushieyRocky ButlerKurt BynumDavid ByrneMatt CagigalRaymond CagleJonathan CaldwellNathan CaldwellAlan CallahanMatthew CallahanJames CallowaySCREEN ON THE GREEN Oklahoma Employees andtheir families roll out the picnic blankets and unfold the lawnchairs to enjoy an outdoor movie, carnival and dinner on thecompany’s athletic field at its headquarters in Oklahoma City.Andria CampbellIan CampbellJeffrey CampbellRichard CampbellAdrianne CannonJuan CanoJon CantuChris CarenderAlicia CareyTerry CarikerGrant CarlisleJohn CarneyMark CarpenterEarl CarrCraig CarteDarry Carter Sr.Holly CaryBen CaseAlex CastanedaJose CastellanoRicardo CastilloJohn CastoJeremy CaywoodCurtis Celestine Jr.Crystal CelsurWilliam ChambersKathy ChandlerGordon ChannelPhilip ChapmanRyan ChappellWard Chase Jr.Jamie ChastainLisa ChastainArmando Chavez Jr.Steve ChiperaPhillip ChismShandie ChoateMorgan ChrismanRonnie ChristopherRichard ChumleyJohn ChurchwellRosa CisnerosBeth ClantonDarin ClantonMatt ClarkSheridan ClarkDusty ClaytonCharles ClevengerColt ClinesmithThomas Clouette IIWayne CloutetAndrew CludiusRyan CoalmerTobie CoffeyDon CogarStephanie CoilKyle ColdironAdam ColeAshley ColeDustin ColeBob J. ColemanRobert T. ColemanMark CollierDustin CollinsJoshua CollinsStephen CollinsBrad CollisonDenise CondosDustin ConleySteven ConnBill ConnorDamon ConnorDustin ConnorBrandon CookNathan CookDouglas CooperMisty CooperCatie CoppageIsmael CorreaAnthony Corso IIChad CorwinDennis Cottrill Jr.William CouddingMichael Counts Jr.Todd CoursonCarl CoveyBrian K. CoxJennifer CoxStephen CrabbRobert CrankRex CravensMelanie CrawfordTracy CrawfordBrently CreelGary CrenshawDaniel CrihfieldJeffrey CrihfieldTimothy CrinerHeath CrissSteve CrockerJade CrockettZachary CromerK.W. CryerJulia CuiksaRobert Cumberland Jr.Terry CumberledgeJered CunninghamTimothy CurnutteTasie DahlMonte DainSteve DanielJohn DanielsHaley DarkJosh DarrDavid DavisDavy DavisDonald DavisGayl DavisKevin DavisLynsey DavisNathan DavisNicole DavisButch Day IIRoque De La TorreKristine DearmonDuane DeckerNick DelaloyeJeff DelancyEric DennenyWilliam DennyHolly DeRousseJerry DerrLisa DeSpainTracey DeveraDewey DevilleAdam DeVriesTrey DewaldBryan DilgerKaye DillinghamDonald DobbsKristopher DobbsMartin DobsonJensen DobyDustin DoerrChelly DolinarChad DomeWilliam Donahoe IIIKevin DonaldsonMichael DonischAdam DotyGary DriskellJ.P. DubeJed DudleyTim DuganShannon DulinBuck DuncanJacob DupuyBunky Dussetschleger Jr.Brian DuvallLaren EasleyRandall EasleyJustin EasonRuss EasonDan EatonJoseph Eddy Jr.Glenn EdwardsJason ElderJames Ellard Jr.Ricky EllingtonSteven EllingtonBilly ElliottCatey ElliottJohn ElliottLauren ElliottMurphy ElliottPaige ElliottAdam EllisLaci ElmoreKeith ElroyBryan ElyAmber EmbreyAlex EmersonJeremy EnglesSef EscajedaTom EsparzaJoseph EtheredgeBobby EtheridgeDavid EvansMegan EvansMichelle EvansDaphne EverettJohn EverettDavid FancherRosa FariasKeith FarisGary FarnumTim FarringtonJames FaulknerSteven FeisalSusan FellAmy FergusonChristina FergusonDavid FergusonJoe FergusonWilliam FerrebeeFaith FieldsWayne FilesJill FisherRanson FisherSuzanne FitzpatrickSam FlamingKenny FlanaganStephanie FleetMatt FletcherArmando FloresOtoniel FloresJames ForcucciHoyt FordRob FordChristopher ForeKodi ForemanJim ForneyJake ForrestDouglas Fortney IIRussell ForyDanny FosterJerry Foster Jr.Daniel FoulkeJake FowlerSonia FowlerTamara FoxPatrick FranklinDaron FredricksonTeri FreelandHolly FreemanPhillip FreemanAmanda FrieseJoel FulenwiderMark FulkersonKimberly FullerWilliam FullerDavid GaddyRandy GaffordBenjamen GainesJuan Gallegos Jr.Danny GamesFelipe GarciaMelissa GardnerBilly GaryDon GatewoodTodd GatewoodBill GeeJames GeiserMatthew GelnarJoseph Genovese Jr.Charles GerlichMarissa GibbsChristi GibsonJonathan GillEric GillespieBrian GilliamDaniel GilmoreDavid GilmoreShane GlasseyBarry GoberNeva GodwinAmy GonzalesAlfonso Gonzalez Jr.Francisco GonzalezHector Gonzalez Jr.Robert Gooch Jr.Bill GoodeCarl GoodnightDavid GordonAshlynn GosnellCody GossPreston GotesJacob GrafaZach GraggDavid GrahamJamie GrahamJane GrahamTim GrahamLee GramppAmanda GravesKenneth C. GravesKevin GravesD’Angelo GrayJimmy GrayKevin GrayTyler GrayMarcus A. GreenRandy GreenRichard W. GreenJustin GreenfieldBruce GriffinDevyn GriffinTony Grigsby Jr.Justin GroveDave GrumieauxRoy GuerraBrianne GungollDonald Gunnoe IIGilbert Gutierrez Jr.Jose GutierrezDerrick GuzmanSummer GwinnTimothy HaackGreg HaddockClarence HadleyJosh HalbertLindsay HaleTrey Hale IIICary HallRob HallRobert HamZaid HamdokhJeremy HamillHeather HamiltonWeston HamiltonCarolyn HancockSheila HarderMelanie HarlessMichael HarmanCharlie HarringtonAaron HarrisAmy HarrisDustin HarrisJeff A. HarrisJohn HarrisMichael HarrisMark HarrisonDaniel HartDavid HartDavid HattonJerry HausmanShane HaydenAmanda HayesCharles HayesKelly HayesPatrick HayesStephanie HayesDoug HaymakerMike HaynesDustin HaysThomas HaysTyler HaysKenneth HazelwoodJames HeadAnne HeatlyGary HeinenLindsey HeintzChristopher HeiskillKelly HelmKim HelveyRob HembreeKim HendersonKristi HendersonRon HendersonTJ Henderson IIGreg HenryWilliam HenryDave HensonAlvaro HernandezFrancisco HernandezMario HernandezMarisol HernandezRomualdo Hernandez Jr.Jude HerringRichard HessClaudus Hester Jr.Anna HibbardDouglas HicksJosh HicksWilliam HigginbothamHillary HigginsShawn Hignite36 CHESAPEAKE ENERGY CORPORATION


Shane HilliardAngelo HiltonWeston HintonKeasha HobbsCharles HodgesMissy HoehnJoe HoferDuston HoffmanEli HohnEric HolcombDan HoldenAdam HollandColby HollandJanice HollowayAdrianne HolmesDennis HolmesDon HoltKyle HoltSheldon HoltTiffany HopkinsGreg HopperRyan HornTim HorneMatthew HortonBud HoseltonErin HowardNicole HowardJoe HowellJohn HowellRonnie HubbardMelissa HuddlestonTara HudsonMont Huff Jr.Barry HugginsKeystone HughesOmar HuizarTracy HulseyMatthew HumphreyJoe HunleyDanny HuntSteven Hutchens Jr.Daniel HyattSteven HyattAngela IbaraKaty IgartaGerald Irwin IIIErnie IsenhartKate IveyMonsuru IyandaLucio IzguerraAlan JacksonAngela JacksonBeverly JacksonCara JacksonRoger JacksonLarry JacobsCody JacowayJose JacquezJeremy JamesKen JamesTommy JamisonVictor JaramilloStephanie JaronekBilly JeffersClint JenningsBlu JerniganLi JettPablo JimenezBilly T. JohnsonBrenda JohnsonDannie JohnsonJason JohnsonKyle JohnsonKyle R. JohnsonRandell JohnsonStephen JohnsonTyler JohnsonPerry JohnstonAaron JonesAnne JonesJ. Scott JonesJeff L. JonesMarvin Jones Jr.Chad JongelingChris JordanRigo JuarezAndy KapchinskeAndrew KarberTiffanie KarberJames KarrakerDoug KatholRita KearyChip Keating IIIBradley KeechClayton KeenanBill KellerKarin KellerKim KellerAmber KelleyJason KelleyJohn KernsPamela KerrMark KincaidFreddie King Jr.Lanney KingNelson KingRyan KintnerDayna KirkTimothy KirkwoodDale KisnerRobert KitchensKasey KliewerRobert KlineMegan KlusmeyerAnthony KnuppelMichael KossAllison KrittenbrinkRyan KrittenbrinkAlischa KrystyniakDan KucabMiranda LaceySteve LadnerMiranda LairTodd LambKelly LamoreauxMindy LamprichClay LanconJason LandisNikki LandsbergerDustin LangleyAbel LaraLindel Larison Jr.Toby LatteaAaron LaubhanEugene LauricellaAndy LawrenceWallace LawrenceCheryl LawsonToni LawsonLuke LawverReagan LeaGreg LedbetterJ. LeeMelissa LeeTony LeeWarren LeeJeremy LegerBrandon LehoskiTim LeiererDan LeiphartLogan LemleyLuis LermaChrista LevescyJoshua LewellenChelsea LewisGreg LewisStacey LewisJohn LibhartChuck LillyJennifer LindseyLaura LinnCory ListenJeremy LittonBrian LockartNicole LogsdonAngie LohnerEthel LongJames LongAlfred LoperJavier LopezEric LoudenslagerT.D. LouisKarson LoveMichael LoveShirley LoveladyBrandon LovellMichael LovellLu Lovett-VossBenjamin Lucas Jr.Dustin LucasElyse LuccheseShane LuckettGerardo LugoMatthew LunaRichard LussDavid LynchPenny MaciasColeen MagnessRhonda MaguireCharlie MalcolmJohn ManesKarissa MannTerry MannMark ManosChris MarbleShawn MaricelliKeith MarinTravis MarkerNathan MarksLeeAnn MarleySteve MarpleAdrian MarquezJamie MarriottRebecca MarshallPaul Marti Jr.Dustin MartinHugh Martin Jr.Thomas E. MartinAbel Martinez IVJoe M. MartinezArmando Martinez-BarreraOscar Martinez-BarreraLaura MartiniDavid MasikerJames MasonRyan MasonSteve MasonJohn MastersonMatt MatosDarrick MatthewsBobby MatticeJared MausPeggy MaxellJoseph MayBenjamin MayerAnthony MazeChristopher McAlvainHarold McArthurJim McCall Jr.Michael McCannMichael McClanahanJosh McClaryJosh McCollomRandy McCollumElizabeth McCormickJames McCormick Jr.Jay McCormick Jr.Wayne McCormickJeffrey McCoyLarry McCoyFadoua McCrayJoshua McCrayRobert McCueJohn McCulloughMichael McDanielMiles McDanielRobert McDanielDustin McDaugaleDebby McElreathJon McEntireJuan McFaddenCharles McFarlandJulie McGillJP McGinleyBilly McKamieJake McKeeverMark McKelveyChristopher McKownStuart McLainJim McLaughlinRandy McLaughlin Jr.Jonathan McLendonJohn McLeodDon McMahonTerry McMinnTyrel McNattNathan McRaeJoe McShaneJosh McWhirterKacee MeadowsRobert MecomDavid MedcalfMichael MedcalfSalvador MedinaJessica MeekLindsey MelottJoe MeltonGuadalupe MendezRenea MerchantJames MerrellDavid MesserJennifer MesserRenee MetcalfMegan MeyerJonice MeziereTiffany MikelJody MiklesLynn MilerAnna MilledgeDrew MillerJohn MillerJulie MillerMarc MillerMaurey MillerRodney MillerJames Mills Jr.Brad MinickGregg MirandaMike MirandaDexter MitchellChristopher MoonKenneth MooneyAdam MooreAndrew MooreRon MooreScotty MooreCarl MootzBilly MoranCoby MoranRoger MoreauDwight MoreyMichael MoreyDanney MorganGrant MorganHeather MorganJohn MorozukChad MorrisJared MorrisMarc MorrisMelinda MorrisSteve MorrisRoxanna MorrowJean MortDon MosherSteve MossorRichard MullicanDaniel MuncyRon MunyonMatt Murphy IIAngie MurrayCarl MurrayChris MurrayJason MurrayLaura MurrayRyan MurrayLee MustardDanny MyersPatrick MyersChris NarteyAlvaro NatividadDavid NelsonRoger NelsonCathy NesterBob NewportCary NewtonSean NguyenJoshua NicholsThomas NicholsonTodd NickelsJason NielsenTimothy NolandDerec NormanTommy NormanScott NorrisAlvonne NuallKristin NugentJennifer NunnDenny Nurkiewicz Jr.Chima NzewunwahSteven OakesChad O’BrienJames OcholikJessica O’DanielAndrew OdellJames OlsonMike OlsonClint OltmannChristina OntiverosDavid OrtegaMichael OrtegoDavid OrthIsmael OrtizVicki OteyCraig OvercashAaron OverturfJeff OwensMichael PainterVictor PalaciosPatrick ParishGrant ParkerShaphan ParkerRobert ParrieBenjie ParsonsJeffrey ParsonsJonn ParsonsMatthew ParsonsChip Patton IIILaura PattonMark PattonCarissa PatzkowskyAlly PayneJames PeaceDanny PeachSeth PearrowTom PearsonTy PeckJohn Peek Sr.Brandon PefferScott PeggMichael PennerNick PennerKellie PenningtonNathan PeppersFernando PerezHugo Perez NajeraRichard PerkinsGene PerryMelissa PettyPhilip PfisterLisa PhelpsJames PhillipsJoseph PilcherJonathan PiperBrad PipinsClay PittsBrian PlumCarl Poe Jr.Neal PoindexterRandy PonsDennis PoolEddie PoseyJ.P. PotterFred PowellJerry Powell Jr.Troy PowellKenneth Prangler Jr.Judy PrattMitra PrattDavid PrenattElizabeth PriceKristopher PriceAmanda PriestJerry Pritchard Jr.Amanda ProctorAdrian ProudfootClint ProvinceKristin PrudhomGary PruettBarkley PruittElizabeth PrykrylJohn Pugh IIIBrett PurvineBill QueenSylvia QuintanaJames RachalH.E.L.P. INITIATIVE TexasKristin Ballard, Office Services Representative,makes new friends whilevolunteering at Broadway BaptistChurch in Fort Worth.Adam RackisJon RadkaMark RainesHeather RamseyRobert RandolphBrandy RatcliffGlenda RatcliffeClint RatkeAnne RawlinsEric RayIsmael RealKen ReardonWilliam Reather Jr.Mike L. Reddick Jr.Robert RedhatBrittany RedmondJerriann ReederRobin ReeseNathan RemediesJaime ResendizGregorio ReyesAlyse ReynoldsJoy ReynoldsCraig RhodesJames RichardsStan RichardsDrew RichardsonZachary RichardsonVernon RickettsChristopher RicksBrent RiggsRandy RileyJesus RivasJoseph Rivers Jr.Jerri RobbinsKaty RobbinsJesse RobertsJustin RobertsLuke RobertsRoyce RobertsDean Robertson Jr.Amber RobinsonHeath RobinsonArmando RochaDavid RodgersAmanda RodriguezArt RodriguezJuan RodriguezJohnny RodriquezMelanie RoeMichael RogersRichard RogersTommy RogersAlan RogstadGrant RohlmeierClint RolandCarlos RomoJeffrey RonckJustin RoperJames RoshtoAchley RossDan Ross IIIMichael RossMichelle RossAmber RosserYury RoubaGreg RowlandJimmie RowlandMatt RuckerRaul RuizClarence Russell IITim RutherfordBrian RyelSteve Salter IIMatthew SandersRyan SandersWilliam SandersKevin SandersonRamon SandovalChad SatterfieldScott SayreBryce ScalfCody SchaedigRobert ScheetzJohn SchieberChris SchmitzJohn SchneiderCharles Scholz Jr.Klint SchroederJeff ScogginsJon ScolamieroAmanda ScottDavid ScottGina ScottJon ScottJustin ScottMason ScottNathanial Scott IIHilary SeagravesSteven SearsNick SentellKeith SentiRodger SettleDavid SeylerHoward ShamblinCharles ShannonJohn F. SharpSharon SharpJim ShawBrian SheltonJerry SheltonKerri SheltonPaul SheltonMatt SheppardJerry ShifflettDavid Shinn Jr.Taylor ShinnDavid Shirley Jr.Josh ShirleyAmber ShockleyRachel ShorttLarone SiemsenCorey SimmonsCynthia SimmsChris SingletonClay SkochKamberly SkochJames SlatenFred SlaughterLarry SmallwoodPat SmelleyAmy SmithBonnie SmithBradley SmithBrooke SmithBryan SmithEMPLOYEES 37


Clovis SmithDarrell SmithJonathan L. SmithKirk SmithMichael W. SmithMonte W. SmithShane SmithSharla SmithBoyce SmithsonAnna SnedekerRandy SnowJason SolleyJane SouthardDouglas SparksVictor SpikesPaul SpoonChristopher SprattChris SpruteColby StaatsGary StacyJoshua StandiferCarl StandleyJohnny StanfordTravis StankorbTodd StarkeyCharles SteavesonGreg SteeleMichael SteinhourBerk StephensDarrell StephensJames StephensRodney StephensonCarly StevensSara StevensScott StevensonBrian StewartRebecca StewartRyan StewartSteve StillJason StinsonKen StinsonJoe StocktonNatalie StocktonWilliam StokesMichael StoreyMark StrackJason StrawserKevin StrawserOrdare StriblingJessica StricklinRyan StricklinSarah StruckTerry StuckIsaac Stump Jr.Damon SudermanCasey SullivanTeri SwarenginJonathan SwarthoutMichael SwongerAuna TackettPaul TackettKiel TalbertJason TannehillRyan TannerChristie TaylorRobert TaylorRoberta TaylorS. Kyle TaylorTheressa TaylorTom D. Taylor IIITom W. TaylorAnthony ThomasDanny ThomasDennis ThomasLaDonna ThomasMark ThomasThaddius ThomasTrista ThomasKhristen ThomasonCameron ThompsonCharlie ThompsonHarold ThompsonKen ThompsonMatt B. ThompsonRIG TOUR OklahomaOffice employees learn from fieldemployees how the company exploresfor and produces natural gas throughdrilling location tours.Raymond ThompsonLaura TiffanyBrandon TindleMichael TingleRonny TinkerAdam TinneyDavid TollanThomas TollettDavid TollisonMatt ToppinsKatie TorresMary Anne TownsonKeith TranVan TranGuy TrentTyler TrentLauren TrullAdam TuckerWilliam TuinstraJon TullerOttie Turner Jr.Lane UmstedChris UnwinRick UrashKristin VafadarMiguel Valero-EsparzaJohn Vankirk Jr.Shawn VasseurMerrilee VeresRonald VeselyKristen VickreyNathan ViggersTara VothAlexa WadeJosh WalkerKristen WalkerJohnny WallBrandon WallaceLaura WallaceCatalina WalloMonica WallsAdam WalshChelsey WalstadLori WaltersMichael WaltersKyle WaltispergerDanny WardRobert Warren IIINick WatkinsMatthew L. WatsonJason WaybournKelly WeaverJeremy WeeksLinda WeeksLogan WehlingCody WeirJody WeirAlison WeisMelissa WellsGary WenclBrandi WesselYukino WestLaura WhaleyBuck WheatDavid WheelerRebekah WheelerLauren WhitakerGary WhiteJennifer WhiteLain WhiteMike WhiteRandall WhiteRobert WhiteRoger WhiteSara WhiteTodd WhiteJim Whitefield Jr.Wendy Whitfill-EmbryJoni WhitneyKiley WiewelAllen WileyWayne WileyColton WilkinsonAllison WilliamsAmy M. WilliamsChristopher WilliamsDavid C. WilliamsDerek WilliamsJason WilliamsJerry WilliamsJoe A. WilliamsJoe L. WilliamsSherwin WilliamsShelli WilliamsonDavid Willis IIPaul WillisBruce WillmottCraig WilsonLacie WilsonMatt WilsonRobert WilsonSabreena WilsonChasta WimmerKyle WinklerLaura WinklerRory WinterLane WittDallas WoodDan WoodDavid WoodRick WoodTara WoodEric WoodardCameron WoodsTyler WoodsSean WoolvertonTammy WorrellDarren WraspirLacey WrightMagan WrightShalen WyattMark WyckoffMike YarbroughShaun YatesNathan YeatsDavid YellePreston YoungJesse YuleErvin ZachariasJacob ZachariasTravis ZamoraJenny ZhangLester ZitkusKathryn Zynda2008 (1883)Ricky AaronJerad AbbottRichard AbelKacy AbneyJose AdameJuan AdameDarla AdamsDavid AdamsJeremiah AdamsJohn AdcockMatt AderholdDoug AdkinsDouglas AdkinsAdam AguirreJeffery AinsworthAmber AlcornDennis AlderJulie AlderChrista AldermanGreg AlexanderKaren AlexanderChristopher AllenSondra AllenJustin AllertBeth AllgoodDavid AllienKevin AllisonReno AltonJerame AlyManuel AmayaDerek AmyxHeather M. AndersonMatt D. AndersonMatt S. AndersonMilton Anderson Jr.Shannon AndersonSteven AndersonMara AndrewsShari AnnuschatBrian ArcherLucy ArebaloDann ArmourDawn ArnhartChris ArnoldJason ArnoldMatt ArnoldTim ArnoldBilly Arnolds Jr.Bryan ArrantAmber ArterberryLauren AryJason AshleyJohnny AshtonErin AustinJesus Avila TorresCrystal BaconRichard BadenJesse BaileyJoshua BaileyPatrick BaileyTommy BaileyJimmy Bailey IIBlake BakerCharles Baker Jr.Dashawn BakerDonnie BakerKrista BakerLarry BakerRonald BakerDennis BalentineAllison BalesKristen BallaKristin BallardLevi BallardMelissa BaneRon Baranski Jr.Garry BarbeeJoshua BarkerAshley BarlowAdam BarnesRyan BarnesDan BarnettJoshua BarronJeff BarryJenni BartelSteve BarwickT.D. BaskinChris BaslerSusannah BatchelorSton BattistoBrooke BattleGil BayerLuke BazeTimothy BeachJason BeagleDavid BeanRinda BeardMatthew BeasonBen BeaverZac BeaversCarla BeavesKate BeavinRobert BeckwithJohn BedgoodJordan BedwellRyan BellewAlifonso BeltranEdmund BeltranTroy BendingCynthia BenfordLeticia BenitezBob BennettBrandon BennettDustin BennettJohnny BennettCody BensonBrett BentleyJerry BentleyJim BentonKevin BernisSteve BerryDave BertTodd BevinsTony BiasattiEugene BickelBob BickhamJoseph BillingsDonnie BishopTim BishopGalyn BlackJeremy T. BlackBradford BlackcrowJoshua BlackwellJames BlankenshipKevin BlankenshipTimmy BlankenshipDamon BlasingameKenny BlaylockBrandon M. BlevinsShane BlevinsChris BlockcolskiDavid BlytheEmily BoeckingDustin BoeckmanKenton BoeversEmiko BogardMichael BoilesCasey BolandMisty BolanosKelly BondMichael BoneMitchell BooneErnesto Bordayo Jr.Dan BorumJohn BostwickBruce BoudmanChristopher BouletGinny BourkeSteve BourkeCooper BourneVeronica BowieJohnny BowmanKen BowmanBrandon BoydDonald BoydTony BoydAmanda BoyleChris BradyMatt BradyJames BrakefieldJason BramletteMichael BrannumRodger BrattonBrett BraytonNeal BreazealeAimee BreezeRobert BrevelleHeath BrewerGrady BrileyKatie BrinleeRock BriscoeSammy BriscoeBull BristerPam BrocatoStacey BrodakCandace BrooksJohnny BrooksTimothy BrooksTom BrooksDallion BroomfieldBrenda BrothertonHugh BrowerBlaire BrownBrandon BrownDonald Brown IIIDonita BrownHunter BrownJanet BrownLaura BrownSteven BrownJustin BrowningJerry BrumfieldElaine BrummettDaniel BrunsmanCody BrutonSteve BrutonJeremy BryanFrankie BucknerDavid BuffingtonCharli BullardRussel Bumgardner IIRose BunkleyGrant BuralAmy BurchCatherine BurdgEmily BurgessEddie BurkKristen BurkeLaura BurkeDianna BurksAmber BurlisonJason BurnettTyler BurrisJosh BurroughsDaShawn BurseKelley BusbyRyan BushmanAdam ButkusRicky ButlerJoseph ButtonMichael ButtonTimothy ButtonWilliam BuzanSteven Byers Sr.Alan ByrnesFrancis CaffeyLacy CagleSharon CahillJames CainJamie CaldwellJesse CaldwellBrandon CalhounCrystal CallahanChad CallenderAndrea CalvaneseJoe Camacho Jr.Rafael CambronKody CammackGrover CampbellBrandon CantrellAlexander CardenasBillie CarenderMike CarlsonJeffrey CarpenterSandy CarpenterHarold CarrWilliam CarrellAndre CarrethersJose CarrizalesJason CarrollTommy CarrollTrent CarrollEdward CarsonKathy CarsonTami CarsonCam CarterEric CarterKevin CarterRainey CarterWilliam CarterLaQuitta Carter-PearsonTerry CasbeerToby CaseyKeith CaslinBaige CastoBobby CaswellDavid CatesJarrod CauseyDavid CerezoVinicio CerezoAlejandro ChaconElliot ChambersTory ChamblissJay Chancey Jr.Joe ChandlerJerri Chapin-TerrazasBrian ChapmanCaleb ChapmanJustin ChapmanReaford CharlsonAlfred ChavezMayra ChavezRaven ChavezBradley ChervenkaCourtney ChildressLisa Christmas-PretlowRobert CisnerosBritnee ClappAndrew ClarkCassie ClarkJames M. ClarkReino ClarkThadeus ClarkThomas ClarkWilliam C. ClarkSteven ClarkeShelia ClaytonJames ClemAllen CliftKelsey ClinesmithTerry ClintonDiane CloudWesley CoatsEric CobbWesley CoferJohn CogarRick CogarBrandon ColbertAdam A. ColeMike ColeChris ColemanMatt CollingsworthTyler CollinsMelinda ColquittKeith ColwellAntonio CompeanDaniel ConardRichard ConleyBennie ConnollyLeslie ConnorJason ConwayToney Conway Jr.Christopher CookDianna CookLandon CookNate CookSean CookSherri CookJim CooperLarry D. CooperWill CooperJames CopeSteffany CopelandPaul Cornelius IVJosh CornellJessica CornettDaryl Correll38 CHESAPEAKE ENERGY CORPORATION


Terry CortezJim CostinJeffery CothermanCole CoulterRandy CountsMario Coutino-SilvaZach CowdenAaron CoxBilly CoxChristopher W. CoxJohn CoxMicah CoxOrrin CoxJimmie CraigKurt CraigCasey CrawfordJerry Crawford Jr.Kasi CrawfordPaul CrawfordThomas CreecyRosalinda CrespoDale CritesThomas CritesNicky CrockerDavid CrooksKathleen CrooksChristi CrotsleyJennifer CrouchNick CrouchDavid CrouserEusebio CruzRudy CruzDaniel Cruz-MoraDodie CullenJane CunninghamKent CurranRaymond DabneyBruce DakeCody D’AlessandroColleen DameKiran DarapureddyRaymond DaughertyTyler DavidChet DaviesBrandon DavisCayla DavisCharles Davis IIIDavid L. DavisFrancis DavisGreg DavisJoshua DavisMark DavisFranklin DawsJason DayJill DayTim DealAshley DeanRobert DeanPhillip DeatonBelinda DebterSam DeFoorTim Dehan IINick Dell’Osso Jr.Pam DeLongDrew DeLozierJennifer DemelKenneth DeMoneyToney DempseyJaci DeterdingBenjamin DevilleKolby DeVilleMichael DewCurt DewbreDavid DeWittDonald DiamondMelissa DickeyMichael DickinsonRobert DicksonWade DietzmanChad DiffeyTiffany DigginsKevin DigneyScottie DillR.B. Dillard Jr.Bryan DisherTom DivineShane DixonAllen DoanJoshua DoaneDwayne DockensKen DodsonJimmy Doolittle Jr.James DorseyZach DorseyJerry Dotson Jr.Rod DotsonBilly DoughertyPaige DoughertyJosette DoughtyEric DouglasJerrod DovellJames DowdellBobby DownsBrett DreyerReginald DrummerOscar DuarteDanny DudleyMatthew DudleyMichelle DuganAmy DukeDana DukeRichard DunaganVallie DunklinJason DunlapChris DunnJean Ann DunnLesley DunnaganTadd DunnahoeEricka DurhamChris DybvigAlicia DyeBenjamin DyneRon DysartErick EadsJonathan EasterMonte EastmanSean EastonBryan EddingtonTravis EddsJacob EdsterChris EdwardsJames Edwards IIKyle EdwardsPaul EdwardsWill EdwardsTyler EilersJanna EllenburgBrad EllettShane ElliJake ElliottStephen ElliottTroy ElliottErin EllisShawn EllisBo EmbreyMyron Emmons Jr.Matthew EnkoffTimothy EnnisEmil Enoff Jr.Tonya EnriquezKitty EnsmingerClinton ErwinWilliams EspinoChristian EstepJeremy EstepCrystal EvansJay EvansAlisha FagalaTravis FarmerFred FarndonDonovan FarrowJonathan FaughtenberryMark FaulknerGary FavorErin FayRob FellCarl FendersonEdgar FernandezGabe FerrellPaul FeslerReginald FieldingKeri FienoMatt FinneyNeil FisherChad FitzgeraldDerek FlesnerJoel FloresKevin FloresPete FloresLora FlorezDavid FloydChristopher ForcucciLeonard ForemanPatrick ForemanDebbie ForesterDavid FosheeJonathan FouseCassidy FoutsBill FowlerBrandon FoxPhil FoxMike FranklinBelinda FrankoGordon Frayne Jr.Gregory FrazierAllen FrederickJoseph FreeArmando FriasNorris FriendPhilip FriesenPaula FriessSteve FrostGilberto Fuentes-PerezBobby FurrJoe GabrielWilliam GageBlaine GalbreathKasha GallaCole GallawayNicole GanawayKevin GantFrancisco GaonaEliseo GarciaLeonel GarciaDan GardnerTim GareyMatt GarlingtonJennifer GarnerJunior GarnesRick Garnett IIIJohnny Garrard Jr.Bryant GarrettDonny GarrettAsael GarzaHerman GarzaAustin GaspardSarah GatelyCody GatesYelena GatewoodEshetu GebretsadikKatie GenoveseMel GeorgeMike GialousisMike GibsonJeffery GilderMike GileChad GillDavid GilleyTom GilmoreTrasey GipsonTyler GizziBlake GladhillBrent GlasgowJeff GlennLarry GlimeBrian GloverChad GloverRobert Gober Jr.Robert Goff Jr.Tami GoikeSandy GoinsWayne GoldmanRyan GoltzJustin GomesJose GomezJuan GomezNate GomezEleuterio Gomez-MartinezRachel GonserHector M. GonzalezPete GonzalezChristopher GoodinCindy GoodwinDaniel GoodwinKat GoodwinCarol GordonTony GoreGary GouldTommy GraceCorey GrahamJulie GrahamLindsey GrahamNeil GranberryRobert Grant Jr.Chris GrayShane GrayMichael GredlerBilly Green Jr.David GreenJerod GreenKenny Green Jr.Mark GreenMattie GreenTeddy Green Jr.Chris GreeneEdgar GregoryKevin GregoryLarry Gregory IIMichael GregorySarah GriffisOwen GrimesKenneth GrimsleyDakota GringLarry GrissomMike GroomsKenneth GrotheTyler GrovesRamana GudapatiEduardo GuerraMiguel GuillenJohn GuilloryGreg GuinnJacob GuinnJohnathan GuthManuel GutierrezCharley GwinDJ HackneyRichard HaertleinBrooke HagedornTim HaladayMichelle HaleRick HaleRusty HaleJulie HaleyBrad Hall IIDavid HallJeff HallLindsey HallRandall HallRichard HallRon HallDale HalletTyler HamJoe HambyLauren HammJimmie Hammontree Jr.Melvin HamptonDebra HaneyHeather HanmerLee Hanna Jr.Mike HansonMark HardingNicholas HardwickClarence HardyCleophus HardyDale HardyJames Hardy IIBrett HargroveJimmie HargroveLoretta HarkinsChristopher HarmanJordan HarmorJennifer HarmsCasey HarrellBen HarrisJeannie HarrisLee HarrisMark A. HarrisMark L. HarrisTimothy HarrisonDrew HarroldKenneth HarshCurtis HartleyRowdy HartleySteven C. HarveyJeremy HarvillEric HaskinsRex HassFloyd Hathaway Jr.Kevin HathawayChalis HattonNathan HattonAshley HausmanRon HawkinsRonald HawkinsJames HayJames HayesWesley HayesRay HayfordKevin HaygoodTerry HaynesDonnie HaysTerry HeardTimothy HearnsbergerKevin HeflinLesa HeilheckerTony HellarNorman HelmickJeffrey HelwickJohn HemmingsMegan HendricksCory HendricksonEric HendrixJohnie HenesseeJimmy HeningtonCurtis HenryHayden D. HenryHayden F. HenryKeith HenryPatrick HeringerAlex HernandezAndres HernandezLeslie HernandezNorman HerreraShawn HerringJoan HessSteven HeyThea Hibbard Jr.Charles HicksClint HicksFreddy Hicks Jr.Mike HicksNicolai HicksNigel HicksRaquel HicksRyan HicksAdam HillAmy HillJennifer HillLisa HillMegan HillZach HillGwen HillhouseJusten HinkleGlenn HivelyRobert HixonTerry HobockSally HochEdward HodgesJoannie HodgesDanielle HoeltzelEjli HofeldtStephen HoffCraig HoffmanIra HoffmanAustin HollandJim HollandMolly HolleyJeffrey HollidayCrystal HolsingerJohn HoltMegan HoneycuttWilliam Hood Jr.Wesley HooperDeidre HopkinsJohnny HornCliff HornsbyBen HortonChad HortonJanna HoskinsTrevor HoustonVeda HowellJared HowertonChloe HowlettClay HubbardMark HuckabyLevon HudmanLyle HudnallChris HueyBrian HuffJohn HuffBryan HuffakerDaniel HughesDerrek HughesKennith HughesWalter HughesDaniel HumphriesKasey HundtNick HunleyHolly HunterMichael HunterJared HurstPatrick HurstRobert HurtChad HutchesJessica HutsonBrian HydenJesse HyltonJose IbarraBraxton ImkeBrian IngallsMarcus IngramNeil IngramSteven IrelandLiesl IrwinRyan IrwinMisty IsaacsKoby IveyPaul IveyDavid IvyAdam JacksonDarrell JacksonDwight JacksonRandall JacksonIsaac JacobsonTravis JacobsonSkip JacotClifford JamesKyle JamesScott JamesRenner JantzTimothy JanzenCarly JaroHolly JarolimScott JeffreyBrent JenkinsMatthew JenkinsJoseph JenningsBrandi JohnsonDawn JohnsonJake JohnsonJeremy JohnsonJeremy S. JohnsonJoseph JohnsonLindsey JohnsonManny JohnsonMichael C. JohnsonRickey JohnsonMichael A. JohnstonMichael Johnston IICarrie JonesCindy M. JonesCody JonesDenton JonesDustin JonesGrant JonesJenny JonesJody JonesJohnny JonesHOLIDAY LIGHTS OklahomaBeautifully lit trees on and around the<strong>Chesapeake</strong> campus create a holidaylandmark each year in Oklahoma City.RJ JonesStacey JonesTim JonesJoshua JordanSteve JordanSarie JoubertKevin JuddLogan JuddMichael JusticeJeanne KaminskiSylvie KaoMatt KarlJohn KastelicLauren KastnerRichard KastnerRussell KatiganChristopher KeithAngi KelleyKim KelleySteven KelleyPam KellyJosh KempJames KennedyWalter KennedyClint KennerShane KennonEMPLOYEES 39


Sonia KeplerBruce KesslerChuck KettermanBranden KillingsworthKristopher KillmanIsaac KimbroughAaron King Jr.Justin KingLeah KingRachelle KingJade KingcadeKyle KinneyJames KirbyBruce KirklandTimothy KirlDon KirschenerSteve KlassenStephen KleinJake KlingenbergGordon KlundtBobby KnappShayne KnappBlake KnightTamara KnightTripp KnightDouglas KnightenHenry KonanGlennette KoonJustin KoonceRyan KoontzRandy Kopisch Jr.Chuck Kordis Jr.Steven KosciukSue KoskelaScott KueckRick KuperDustin KurtzKade KusikJeff LagalyMelissa LambertNelson LaneMichael LangfordSam LangleyNicole LanphearLawrence LaPlanteAndy LargeBobby LasterRyan LasterChris LaughlinMatthew LawrenceMichael LawrenceJeffery LawsonKenneth Lawson Jr.Dustin LeavinsNick LeberBlake LeBlancAndrew LeeJesse LeeJoshua LeeKent LeeKing LeeHomer Leger Sr.Tiesa LeggettFrederick Lembach IIIGregory LemleyPamela LemleyRobert LemonsJohn LennonCarmen LentzTiffany LeschberJacob LesterDonald LeverichChristopher LewisJerry Lewis IIKent LewisMicah LewisNathan LewisCody LightWes LilesKelli LindseyBrian LingerJohn LingleSandy ListerTravis LittleRick Little AxeMark LocklearAngela LoestPhil LogsdonBryan LohoffJoshua LongRichard Long Jr.Blake LooneyKristi LooperAndy LopezLuis LopezPaul LopezRobert LopezSusan LorenzenDavid LoweCody LucasMikel LucasHector Lujan-JuradoRobert LumleyCecil LuttrullDonald LynchTerra MacAloneyGrant MacdonaldGlen MackieGreg MacksoodMichael MadarBIKING FOR A CAUSEOklahoma Martha Burger, SeniorVice President – Human and CorporateResources, cheers for Bobby Bolton,<strong>Chesapeake</strong> Land Manager – AnadarkoDistrict, who rode more than 130miles to help buy new uniforms andequipment for the Erick–SweetwaterPublic Schools.Rafael MadridRichard MahlockTroy MahurinMichael MajorGeorge MaloneTim ManghamRico ManjarrezJonathan ManningMike MannschreckJoe ManshackMatt MantellTyler ManwellAlberto ManzanoMichael MappBritt MarchbanksRonald MarchbanksPaul Mares Jr.Dennis MarshGary MarshClint MartinJimmie MartinMary MartinMichael A. MartinMichael MartinStacy MartinTimothy MartinFabio MartinezL. Joe MartinezLeo MartinezLuis MartinezRodolfo MartinezTony MartinezCorina Martinez-MalonePam MasseyJenn MastersLauren MastersMike MathisTimothy MathisBryan MatthewsMatt MatthewsWilliam Matthews Jr.Brian MatulaBrett MaughanAngel MaxwellDavid MayJohnny MayDennis MayoMelissa MaysJoseph McalisterKim McAuliffeGarret McBrainAllison McBrideRay McCallisterGary McCartneyDakota McCartyRandy McCartyRoy McCaslandBranden McClainAlan McClureScott McCollumKevin McCotterDennis McCoyDon McCoyLance McCoyTommy McCoyJamie McCrackenJeffrey McCroskeyRick McCurdyBrandy McDanielJustin McDanielAlvin McDonaldEmily McDonaldMatt McDonaldShannon McDonaldDanny McDowellTony McEntyreJulie McFarlandBecky McGeeJamie McGeeRoderick McGeeLonell McGhanKiley McGlothlinKeri McGuireJason McIntoshCharles McIntyreTaylor McIntyreMarshal McKeeRandy McKeeThomas McKeeLeslie McKeeverRussell McKibbenBrandon McKinleyWillie McKinleyAlicia McLaughlinCody McLaughlinKippy McLellandMichele McLemoreAron McPikeEdward McQuaideCami McQuerryChad MeadowsAndrew MeadvilleJohn MeaseJames MeekRonnie MeeksDerrick MegliRyan MehanCody MeierAraceli MejiaAndy MeltonZeke MeltonJohn Melville IIITaron MendezKevin MendozaTatiana MercerCarter MesserStanley MesserKenneth MethenyAlan MetzJosh MeyAdam MeyerTroy MeyersGordan MichaelisKevin MickMichael Mikulenka Jr.Alex MillerDrew MillerEmily MillerJeanna MillerJosh MillerRickey MillerSteve A. MillerDan MillsScott MillsNichole MinnickTabb MinorKathy MiresD’Antae MitchellJuliet MitchellJeremy MixonT-Roy MizeBrennan MoatesJeffrey MohsGilbert MoncivaisMark MongoldJohn MontgomeryMyron Montoya Jr.Christie MoodyAmanda MooreLeland Moore IIMichael L. MooreRex MooreRoy MooreTimothy MooreWalter C. MooreMatthew MoranMandy MorenoRenita MorenoBrandon MorganCharles MorganEufaula MorganShanon MorrisHillary MoseleyTerri MosherTyson MoulderMichael MowrerKevin MoxleyPat MullenLester MullinsClint MullisAdam MuncyRicky MuncyBond MunsonRafael Murillo Del AngelElise MurlinBridget MurphyChasidy MurrayJerome MurrayKevin MurraySteve MurrayKatrina MyersHeather MyresShane NafeGavin NailonTrebor NallBobby Nance IIICrystal NanceJames NeelyKyle NeuenschwanderMike NewkirkCasey NewmanDana NewmanJoshua NewportSteven Newton Jr.Chi NguyenDerek NicholasDerek NicholsRome NicholsSusan NicholsBrandon NicholsonDiane NickelMark NipperGary NixHenry NixonChad NolandJoseph NormanChase NorrisTony NorrisJohn NuckolsAimee NullThomas NunleyFred NunnCassi NunneryJane NyeJason OblanderJessica OckershauserRay OfosuDane O’GleeKyle O’KelleyLeah O’KelleyJill OlneyBrett OlsonNate OlsonChad O’NealAndy OpellaDillon OrrFausto OrtizPedro OrtizJames OsbornGregory OsbourneLindsey OswaltJeremy OtahalPatricia OteroRay OujeskyAimee OwenCourtney OwensSavanna Owens Sr.Jon PaceLupe PachecoAndrea PainterKim PainterBrenda PalaciosTyler PalesanoEmerson PalmerJames Palmer IIMatt PalmerJay ParhamChase ParisBrad ParkerDrew ParkerJoshua ParkerTaylor ParkerTommy ParkerWhaquine ParkerJordan ParmerRobley ParmerErcil ParsonsJason ParsonsStuart ParsonsRanita PatelAlex PattonTravis PattyJason PayneHenry PaytonMatt PaytonMatthew PeachJim PearmanJosh PearmanDarby PearrowJarrod PearrowJoe PeckKip PeckTonia PeckChristopher PenaChristina PendarvisEric PendletonTim PendletonAaron PenixKeith PeppersAngela PerezCharles PerezFrancisco PerezJuan PerezJesus Perez-GarciaRichard PerimanJerry PerkinsKeera PerkinsJamie PerotMelvin PerrinCharlie Perry Jr.Farron PerryMicah PerryNicole PetersGina PetersonMarie PetersonJarred PettijohnThao PhanSteven PhathongRicky PhillipsVernon Phillips Jr.Charles PhilyawSam PickettChristopher PilgreenKevin PinkstonLindsey PittCindy PittmanAaron PlaceNorval Place Jr.Jeff PlangmanWilliam PlantArturo PlascenciaCharles PlattAdam PleasantRyan PlummerPaul PlunkettAdam PodschunErryn PollockEverett PooleJordan PopeKevin PostalwaitMaria PostmanBrian PotockiStacy PotterMicheal PottsJackie PotvinRandell Powell Jr.Rowland PowellTiburcio PradoJosh PraterRoger Prater IIPaul PrattFrankie PrestonMike PriestLisa PritchardSade ProbyAaron ProcellChristen ProctorBarry Pruitt Jr.Duane PufferCody PuffinbargerNathan PumphreyJody PurcellBrian PutnamRoger PutnamRandy PyleT.J. PyleAmber QeramaMatt QuadeJacque QuallsRandall RadcliffJoseph RagsdaleTJ RagsdaleFrank RainbowRyan RainerWilliam RaineyHector RamirezJose RamosNelson RamosDavid RamseyDerrek RamseyDina RamseyPaul RamspergerRoy Randolph IIIJared RanumJenn RauberShawn RawlsLeif RayburnAmy ReamesScott ReddickAustin ReedJamie ReedJim ReedJerry ReevesKent RegensAndy RehmJason ReidMark ReinhardtDanny RenoJames RetherfordAlisha ReynoldsJackie ReynoldsChris RialAmanda RiceDon RichardMark RichardsPat RichardsRichard RichardsHeath RichmondDale RiddleShane RidenourJill RidleyWilliam Rieg Jr.Bob RieserJulie RigsbyChad RileyClaude Riley Jr.Matthew RileyAllen RoachBill RoachAdam RobertsEric RobertsLarry Roberts Jr.Megan RobertsRhett RobertsRonnie Roberts IIBill RobinsonCharles RobinsonClarence RobinsonDustin RobinsonJonathan RobinsonMeg RobinsonRob RobinsonRobbie RobinsonTim RobinsonClayton RobisonJustin RobyBertha RodartePaul Rodgers Jr.Eric RodriguezEsdras RodriguezEustaquio RodriguezRaul RodriguezEddy RodriquezRoberto Rodriquez Jr.James RogersMichael B. RogersNathan RogersTimothy Rogers Sr.Kiley RollinsJohn RoneyRebecca RoperTrey Roper IIIManuel RosasTeresa RoseJack RosenbergDee RossChris RossonHarvey Rotramel Jr.Rusty RoushStaci RowellJason RowlandJenny RowlandMark RowoldDavid RoyRebecca Roy40 CHESAPEAKE ENERGY CORPORATION


Jeremy RubioBrad RuhmanGuadalupe RuizMike Ruiz IIBen RussJames RussellJamie RussellRandy RussellTommy Russell Jr.Bryan RyanJohn RychtarikDaniel RyersonJames SafleyBaldemar SalazarBaldemar Salazar Jr.Ricardo SalazarFederico SamoraMcKenzie SampsonChristy SamuelsMichele SamuelsEma SanchezSteven C. SandersWoody SandlinPedro Santana Jr.Daniel SatterwhiteCathy SaundersDonnie SavageSteve SavellJessica SavicWayne SavoryBrynn ScalfKevin ScaremSusie ScastaJason SchaferJohn SchaferDeborah SchaffnerTravis SchenkersHeather SchevettoBoyd SchneiderJake SchoefflerDavid SchollRegan SchraderRebekah SchultzClint SchwarzJay Scogin Jr.Dustin SconyersGerald ScottMary ScottSteve ScottClifford ScrogginsMike ScrogginsRoby ScruggsBrooke SecorErin SedbrookBrad SeelbackSteven SegrestTerry SellsChellee SemonHayet SerradjiCharlie Sewell Jr.Susan SeymoreMitcheal ShackelfordBrian ShadwickCharles ShadwickBindu ShahJerry ShamblinTodd ShamblinMichael ShanbourAaron ShannonNeil ShannonJacob SharpKevin ShawLisa SheldenJennifer ShelineCheri ShepardEb ShepherdJesse SheppardKeith Shields Jr.Brock ShindlerAshley ShirleyThomas ShockJoseph ShofnerJason ShookAshis ShresthaJ.R. ShullAmanda SiebertVince SifuentesCheryl SilerJose SilvaGary SimerDavid SimillyPatrick SimmonsEula SimmsJ.J. Simonsen Jr.Alan SimpsonRick Simpson Jr.Brad SinorSteve SistrunkJerimy SitesJon SivertsonTyler SkeltonJustin SloanRyan SlossonJoel SmallwoodDrew SmartJake SmedleyHeather SmileyAaron SmithAdam SmithBeth SmithDale Smith IIIDawn SmithGreg SmithGwyn SmithJeffery SmithJerry S. SmithJimmee SmithJoseph SmithJulie SmithJustin T. SmithMilton SmithRandy SmithStephanie SmithSteve SmithVincent SmithZac SmithJeffrey SnellDavid SnethenJason SnyderClarky SociaMatt SolomonJaclyn SommavillaGary SonsJoshua SoutherlandPavlina SovakBrian SpaethJeremy SpalvieriLindsay SparksShawn SpencerJason SprayberryJefferson SpringerAndrew SprouseHeather SpurlockGentry SquiresFrancis StaatRobin StaffordPaul StagerMichael StairDavid StamperTim StanselLaura SteenNathan SteffeeBumper StegallGay StephensJamie StephensJoshua StephensLaura StephensCody StephensonGlenn StetsonJoseph Stevens Jr.Patrick StevensRichard Stevens Jr.Chad StewartDarren StewartHaleigh StewartJames StewartMike SticeAutumn StillCorey StillCorey StockertHarvey StockmanMichael StollJaneen StonebrakerBrian StoopsBob StoweAshleigh StrahlerAllie Street IVSam StroderMonica StromanHolli StrongRobert StroudNick StrunkJason StrykerEdwin StubbertDonna StubbsDaniel StumboDoug SubletteJordan SudhoffBrandy SullensStephanie SullivanChristopher SummerfieldJody SummersJohn SwansonJason TackettRocky TaliaferroJason TalkingtonCaleb TallentJoshua TannerKristin TarbushJulie TarpJustin TarverAaron TasierBrian TateTate TatemCasey TaylorChristy TaylorMonty TaylorTim A. TaylorJosh TedderJason TellShawn TenneyBridget ThedorffMatt TheriotCody ThiessenAbbie ThomasBrad ThomasDenver ThomasBritton ThomasonJoseph ThomasonAdam ThompsonDiane ThompsonFrank ThompsonJon ThompsonMatt R. ThompsonMitcheal ThompsonSharon ThompsonWilliam ThompsonStephanie ThornAshley ThorntonScott ThorntonPreston ThurmanTodd TigertIsidro TijerinaW. E. TinklerCody TiptonTanner TiptonJim ToddKyle TolerRichard TollisonSuzette TomlinGreg Tompkins Sr.Frankie Tovar IIISteve TrammellRick TreemanSarah TriboutNick TricinellaJoseph TriplettChuck TrippSteve TrotterWesley TroubDaniel TrumanMike TrussellChance TurnerKevin TwymanMark TylerPerry UlicnikBerto UlloaKathleen UnderwoodTanner UpchurchJose UrbinaJustin UrenaKen UttonBobby VallerySteve Van StrienDonnette VandersypenDeloris VanLandinghamJames VarnerCrystal VasquezJeff VasquezSilver Vasquez IIIDarren VaughnJames VaughnMatt VaughnNick VaughnRandy VaughnRusty VaughnMaria VelezMiguel VencesJose VergaraJavier VillaJuan VillarrealDonna VillersLink VodronTerri VogtJennifer VoisinTerry Von AllmanIke VorheisHaley VoylesTodd WaddleJustin WadeDonald Waggoner IIIFred Wagner Jr.Steven WagnerWillie WaldenKen WaldroopChase WaldropChris WalkerDanny WalkerErin Lee WalkerMatthew WalkerTiffany WalkerTyler WalkerAva WallaceBrandi WallisJimmie Walters Jr.Michael WanzerKevin WardTara WardRich WareKent WarfieldDoug WarminskiDennis WarnerBJ WarrenBrian WarrenChristian WarrenJohn WarrenRay WarrenBritni WatsonCody WatsonJohn WatsonMike WatsonGary WattsKelli WaxmanGuy WeathermanJeff WeaverMichael WebbNathan WeberRyan WeberCody WeissGeorge WeissmanBill WelchBrandon WelchBrent WelchKip WelchMelanie WelchBrenna WellsGeff WelshTommy WessonDrew WestKris WestNathan WestScott WestColt WestbrookBuck WheatonJeric WheelerTodd WhisennandShawn WhitakerDennis WhiteLisa WhiteSuzy WhiteTodd C. WhiteDanny WhiteheadDarien WhitehurstGary WhitleyKody WhitleyKyra WhittDarrell WhittemoreBobby Whittington IISam WhitworthRachael WickeryLeeAnn WidnerDavid Wiist Jr.Terrence WilhoitBrent M. WilliamsBrian WilliamsCody WilliamsDavid L. WilliamsFrankie Williams Jr.Mike WilliamsSheila WilliamsWhitney WilliamsForest Willis IVAdam WilsonB.C. WilsonDarrel WilsonDon WilsonErica WilsonJerry W. WilsonJonathan WilsonKayla WilsonKendal WilsonKevin WilsonLance WilsonSugar Ray WilsonTerry M. WilsonTerry T. WilsonTodd WilsonClayton WinklerGary WinnKeith WinsauerRhett WinterCrystal WitcherNikki WitcherDavid WitteKenneth WoechanKen WolfRay WolfGlen WolfordLuke WoodKim WoodallTravis WoodardRichard WoodbeckMike WoodfinKevin WoodsKyle WoodsMonty WoodsDavid WoolsBecky WootenBilly WootenJamie WordDaniel WorthamLindsey WorthamEmily WorthenDarren K. WraspirBrandon J. WrightDan WrightKandice WrightMike R. WrightRyan WrightTom WrightChad WyattCarolynn WylderJennifer YeahquoTonya YorkAndrew YostKevin YostScot YoungTerri YoungTammi YountJuan Zapata Jr.Robert ZeilerDebra ZimmermanLinda ZimmermanMelvin ZinkeGerry ZiriaxeRigoberto Zubia<strong>2009</strong> (1778)Timothy AbshireTimothy O. AbshireEthan AcevedoDaman AckermanJoshua AckleyJeremy AdamChristopher AdamsDeAnn AdamsDoyle AdamsHeath AdamsKyle AdamsPeter AdamsMark AdkinsMichael AdkinsonDavid AdkisonAaron AguilarDavid AinsworthEdward AinsworthTasha AkersGavin AlbrightMarco AlemanCurtis AlexanderStephen AlexanderBart AlfordAlbert Allen IIICathy AllenDavid AllenJames M. AllenJared AllenKane AllenMike AllenPaul AllenTommy AllenSondra AllisonMaria Almanza De GarciaReginald AlstonJacob AlvarezJames AlvisJoe AlyBrandon AmatoMatt AndersenAndrew AndersonJeremy AndersonRondal Anderson Jr.Tyler AndersonVictor AndersonAustin AndrewsDustin AndrewsJame Andrews Jr.Bradly AndrusTony AngeloChristopher AnglinGary AnsleyRob AnthonyDavid Applegarth Jr.Sam Arambula Jr.Tony ArandaSteven ArmentroutGregory ArmsteadJoshua ArmsteadBrian ArmstrongBubba ArmstrongDavid ArmstrongPriscella ArnettKyle ArnoldDaniel ArySamantha AshMike AtchieBilly AtkinsonMichael AtkinsonKelly BabbAlberto BaezaRodney Baggett Jr.Joey BagnaroBill BaileyGordon BaileyJamie BaileyJustin BaileyKenneth BaileyT.J. BaileyBrett BakerBryan BakerHeath BaldwinMichael D. BallMike BallJonathan BallardLilli Ballinger20TH ANNIVERSARY PARTYLouisiana Across all its operatingareas, <strong>Chesapeake</strong> employeescelebrated the company’s 20thanniversary this year.Diana BaneKim BarbayLinda BarberSeth BarkocyDylan BarnesMarcus BarnesRyan BarnhartBen BarresiShane BarrettJoshua BartholomewJohnny BartonWhitney BashGeorge BassJustin BassMelissa BassettBrian BastedoBarry BatemanAllen BatesChristopher BatesEverett BatesHope BaumgarnerJames BaumgarnerMatt BayneKara BealCoby BealsJonathan BeamBucky BeaverRussell Beavers IIIAdam BeckMelissa BednarcykBrandon BeechlyJed Beegle Jr.A.J. BeetsJeremy BegemanKyle BehnkeChristopher BellDustin BellJason BellessDana BennettRyan BennettTodd BennettTyron BennettAllison BentleyDaniel BentleyEMPLOYEES 41


Merideth BentleyMatthew BereuterJonas BergmanSherry BernsteinJacob BerryKevyn BerrySteven BerryMichael BerrymanChris BeuchawJared BeutlerCarl BeyorAmber BezdekCole BieberDannye BillieJames BillingsJustin BillingsBrian BilykChris BirdAndrew BischoffCarmen BishopJames BishopRyan BishopKevin BlackShyla Blackketter DwyerJohnathan BlackstenKent BlackwelderDarrell BlaggRaymond BlankenshipTobey BlaylockJoshua BlewerScott BlomgrenJason BloseMargaret BlountBenjamin BlueDan BlytheVictor BoatwrightDennis BodeJonathan BodineTravis BohannonRyan BohnetJeremy BoitnottJen BookwalterChristopher BoomgardenCurtis BooneJustin BoopMike BordesRichard BostickNathan BottiKent Bowman Jr.Sonny Bowman IIChristopher BoylesShad BrackinArla BradfordBlair BradleyColt BradleyDennis BradleyMatt BradleyLeon Bradshaw IIBen Brallier Jr.Justin BrayRick BrayChristopher BrelandRawlins BrelandRandall BrewerDawn BrickJason BridgesScott BridgesLindsay BridgwaterKeith BriggsKenny BrileyHALLOWEEN UNITED WAYFUNDRAISER OklahomaBringing out the fun-loving aspect ofour people, a costume party drew morethan 3,000 <strong>Chesapeake</strong> Oklahoma Citycorporate staff employees with lunchand prizes for costumes and skits —while raising funds for United Way.Brian BristolBryan BrittJames BrittBecky BrittainClint BrooksGerald BrooksJoe BrooksLandon BrooksMartin BrooksShannon BrooksJonathan BroomeLeslie BrossSarah BrothersCharles Brown IIDavid B. BrownMatthew BrownMike BrownRobert BrownTimothy BrownRobert BrowningMary BruceBenjamin BruletHeather BruletJennifer BrumageChris BrummettJeremy M. BryanScottie BryanJeffrey BryantNathan BryantRon BryantMegan BryceDavid BrysonJared BuchanJamie BuchananJohn BunnerSteve BurnleyJeffery BurnsLonnie BurnsChristopher BurrisAmy Burrous-MedinaSylvia BustamanteJeff ButlerByron Button Jr.John BylerSteve ByrdBradley CagleChristopher CainMike CaldwellStephen CallahanCraig CallasJames CallenderJuan CamachoMartin CamachoJeremy CamburnDavid CameroKim CameronStephen Cammann Jr.Jimmy CampDerek CampbellJC CampbellScott CampbellSteven CanadaLuis CanalesMichael CaneenSteve CanfieldIrene CantuJames CarbaryCasey CardinCody CarlisleNathan CarlsonLonnie CarpenterLuke CarpenterJeremy CarrawayBobby CarterCharles Carter IIIJeremy CarterToby CashionKen CasonJefferson CastieChris CastleberryJimmie CastoMelissa CatesThomas Caton Jr.Ken CavnerScott CazabatBrad ChambersErin ChancellorRocky ChapmanChris ChappellChuck CharlestonDedra ChavezLonnie ChevallierEugene ChildersLindsay ChoateAmanda ClarkChristopher ClarkWilliam G. ClarkTom ClarkeJane ClementsChristopher ClevengerChad CliffordMegan ClinkenbeardMichael T. ClintonJason CoatesAnthony CochranRandall CochranLloyd CockrellMike CodyMerrick CoeMerle Coffman Jr.Christopher CogswellDustin CogswellJoe ColadipietroGlenn ColbertKaren ColbertJohn ColeJustin ColegroveBob V. ColemanJuri ColemanJustin CollierNathan CollinsRick CollinsTom ComerRon ComesAmanda ConsbruckPaul ContiDave CookJud CookRickey CookDustin CooperChad CorcoranJon CorleyAdam CornellJose CorralejoBenjamin CorsoAgustin CortesMarcus CorvinoKeith CowellDavid CoxStephen CoxJosh CraigJulie CraigBrandon CramerAndrea CrawfordCory CrawfordJonathan CreaganRobbie CrosierDerik CrossMichael CrossJohnathon CrossenWillard CrossenCorinne CroucherPam CrumErasmo CuellarJeremy CummingsDavid CunninghamDwight CunninghamNatalie CunninghamBryan CurtisJimmy Cyrus IITiffany DaileyDurwood DaltonJeffery DanielBecky DankerJoe DarnellAdam DaughertyBrian DaughertyJoe DaughertyRick DaughertyPat DavenportOrin DavidBen DavidsonRobert DavidsonAndrew DavisDarryl DavisDaryl DavisDustin DavisGary DavisJoel DavisJohn W. DavisKerri DavisLandon DavisSteven DavisTim DavisWilliam DavisDavid DawsonBrian DeanRyan V. DeanShane DeanEric DeckerEric DeeterWilliam DeFoor IIIDavid Dehn Jr.Bradley DeinesBillie DemottGregory DesperBrian DevaneyDanny DevilleFnu DezvitaValente DiazChase DickensBentley DillJerry Dilley IIJerry Dilley Sr.Nicholas DimauroDrew DixonLee DixonJeb DobbsAmy DobkinBrandon DodgenRenee DollarChuy DominguezCrystal DotyMarshall DoughertyKarl Doughty Jr.Terry DoughtyIrene DougreyAnna DovedanDewey DowdyCheryl DowisJohn Dozer Jr.Michael DrakeWilliam DraperGreg DuffyWill DuffyBryan DukeConnie DukeRobert DukeJustin DulaneyChad DuncanCody DuncanJIm DunhamChris DuntonJeffery DurhamCory DurigChris DuroyChase DwigginsGreg Dykes Sr.Joe EadesAllison EarlShannon EarleyJacob EasthamJeremy EastonBilly EastwoodJanelle EatonTammie EbertLayna EddJoseph Eddy IIIJarrod EdensChristopher EdgeMichael EdieJeremy EdmisterKelly EdsonRaymond EdwardsDaniel EidtLuis ElizondoJohn ElkinsJohn EllardBenjamin ElliottChad ElliottDon ElliottCodey EllisGilbert EllisJim EllisJames EllsburyBrandon EmberyAmanda EmbryJoseph EmersonGary EmmertTyler EmrichColton EnsmingerThomas ErpZacarias EscalanteChristopher EscherJevon EscobarCraig EstesKeith EubanksDon EvansJames EvansJason EvenerGuy EwartLyric EwingRichard FariesRyan FarleyChristopher FarrarKameron FarrisChris FeazellZachary FegleyJon FennelAmy N. FergusonRonnie FergusonTyler FergusonMaria FernandezMichael FesmireLinette FibigerBrandin FieldsCasey FieldsJamie FieldsKevin FieldsPeggy FieldsJeremy FindleyBrett FinleyAmanda FinneyJesse FisherJohn E. FisherMike FisherPete FisherTimothy FisherRandy FiteBilly FittWilliam FitzgeraldJared FlesherRonald FletcherVernon Fletcher Jr.David Montes FloresDonald FloresMichael FloresToni FlowersKevin FloydDave FogelmanRobert FolandWilliam FordTim FordenbacherRhonda FortuinBlake FosterJustin FosterChris FournierBobby FowlerBuddy FoxJohn FoxSandra FraleyJoshua FranksChris FrazierLeeAnn FrazierBilly FreelandLynn FrenchGreg FritzeTina FrugeTyler GageDarren GagliardiWayne Galliher IICecil GambleMatthew GammonJim GannAlfonso GarciaJames GarciaJoshua GarcieKenneth GarlandGreg GarrisonDan GarwoodAlan GaryNaomi GarzaFreddie GatesLynda GearheartWarren GeionetyNicole GeisingerRyan GeorgeTodd GeorgeMark GeurkinkBert GibsonFred GibsonJosh D. GibsonRobert GiffordMichael GilbertRobert GillJennifer GilliamEllen GillilandFlorence Gills Jr.James GilpinTim GilpinNed GipsonShannon GlancyTravis GlauserMichael GleasonBradley GlosupMitchell GodbeyKarl GoebelDarrell GoeringerDevin GoldenJessie GonzalesJose GonzalesCirilo GonzalezErnest GoodenMark GoodinRichard GoodrichDaniel GorhamJulian GormanRyan GormanShawn GossAdam GossenJoseph GottschallMike GradyIke GrahamInna GrahamJamie GrangerCaleb GrantgesMatt GrassmyerKristel GravesMike GravesJames Gray Jr.Stanford GrayTrey Graybill IIILance GreenMike GreenSheri GreenWhit GreenAllan GreenawaltDustin GreenwayJames GreenwoodJosh GrellnerJason GriffisLambert GrimBrian GroggBrian GroveChristopher GuajardoRich GuentherGlenda GuerraRene GuerraAngel GuerreroIsela GuerreroBrian GunsaulisBoJames GunterChristopher GustavusPaul GuttaSarah HackerAugust HadwigerRyan HaffnerDavid HagadornPaul HagertyKeith HaggardStephen HaggertyGreg HakmanBrian HaleBrandon HallDustin HallJessie HallRenee HallRick HallZach HallClint HamiltonJames HamiltonWilliam HanNick HancockKristi HannaSean HansenDavid HarbinDaniel Hardy IIStephen HardyEddie HareJustin HargettTubby Hargrove Sr.Alysia HargusAaron HarperAdam HarperChristopher HarperGregory HarperCharles HarrisJackie HarrisJerry HarrisBerlin HarrisonMark R. HarrisonCharles HartKevin HartRandal HartLarry HartgraveKenneth HarveyMichael HarveyMatthew HarvilleLeonard Harzinski Jr.Jon HaskinsHeath HatcherMarshall HatcherErin HathawayJohn HattonThomas HaunMichael HausvaterRobert Havens Jr.William Hawkins Jr.Rick HawthorneD.J. Haydon Jr.Adam HaynesKenneth HaysAllen HeadGarry HeadrickJennie Heard42 CHESAPEAKE ENERGY CORPORATION


Jonathan HearitigeGreg HeaterKellie HefnerAnthony HeggenstallerCory HeidJeremiah HeldrethJames HendersonRob Hendle Jr.Cory HendrixSandra HendrixDavid HennessyDavid HenryEarl Henry Jr.Marcus HenryMatthew HenryPhil HensleyJames HensonParish HensonBrandi HernandezJose HernandezRaymond Herndon IIIMike HershbergerKurt HibbardSean HibbardAlyssa HickeySonny HickmanCarlos HicksDanny HicksGary HicksJacala HicksJason HicksMichael HicksDean HigganbothamDuke HightowerChristopher HillWilliam HillierJames HiltAlina HinesAshley HinesChase HinesEdgar HinojosKerry HinsleyCory HixsonMark Hlatky Jr.Angi HodgeSteven HodgesRussell HogueDustin HolbenBrandon HolleyJohn HollisterJolene HollomanLaura HolmesClay HoltGene HoltKevin HoltPT HoneycuttThomas HoodMatt HoopsWes HopeAmy HopmannDenver Horn IIJason HornJennifer HorriganSherry HoseyLanny HotalingNicolas HoughSara HowardSherry HowellEddie HowenMatthew HudmanMorgan HudsonStacy HudsonDaniel HudspethNathaniel HuggansBraxton HughesLori HughesHayley HumpertJeremy HunterAlberto Huron Jr.Eddie HurstEdward HurstKollin HurtKyle HurtLisa HutchersonAllen HutchinsKevin HutchinsJon HydeWesley HydeDerek HyreDennis IdlettNeal ImpsonDonnie IngramPatrick InnesEric InskeepOrlando IsaiasLaramie IsleySteve IwersenRobert IzellBlake JacksonBrian JacksonCody JacksonMark JacksonShawn JacksonStephen JacksonHillary JacobsonDon JamesKenneth James IILarry JamesLamont JanzRyan JarrattCalvin JarrellJonathan JarvisRobert JarvisVictor Jarvis Jr.Chance JenkinsDavid JenningsErinn JenningsBob JoestBradford JohnsonBraydn JohnsonBrian JohnsonElmer JohnsonFranklin JohnsonGary W. JohnsonJimmy JohnsonKevin JohnsonLarry JohnsonMatt JohnsonMichael M. JohnsonMykal JohnsonRich Johnson IIScott JohnsonSteve M. JohnsonAmy JonesBobby JonesBrady JonesCyndi JonesDan JonesDaniel JonesEmily JonesHunter JonesJennifer JonesJeremy JonesJoshua JonesJulie JonesW. Scott JonesWhitney JonesXavier JonesJohn JordanWill JordanEd JozwickRon JuratovacRonald JusticeJared KaleyAlex KarimJustin KayClint KeatingCale KeimMark KeitzLynne M. KellerShawn KellerChad KelleyJordan KelleyMatthew KellumSteven KellyMatt KemperJosh KendrickGreg KennedyMatthew KentCheryl KerrJeffery KesnerJohn KiehlmeierJohn KilgallonChristopher KimbleColby KingGary R. KingJeremy KingParker KingMelissa KingryWill KingtonWoody KinneyMichael KinseyKenny KipperCarey KirbyBeth KirchnerWayne Kirk Jr.Whitney KirkKerry KirksmithHeidi KirschJohn KitchenShayna KjellsenJosh KlingZackery KnellAaron KnightChuck KnightJames KnightJohn G. KnoxJohn M. KnoxTodd KreamerTravis KunkleIsaac KurtzJohn KurtzJulia LaBellaBen LacyJV LaffitteJohn LairDaniel LamarDaniel LancasterBobby Landrum Jr.Mark Landrum IIKim LandryDavid LaneRichard LaneClay LangleyMike LangleyJimmie LaninghamCraig LankfordClaudia LaPlanteDaniel LaraCorey LasleyJoe LathamBrian LaymanTed LaytonLucy LazosCourtney LeachEric LeatherwoodCeleste LeBlancScott LedbetterAaron LeeAlexa LeeChristopher LeeClayton LeeDale LeeTot Lee IIIWill Lee Jr.Micah LeGallBryan LeggMarie LeifheitWesley LemensCruz LemusJared LesemanAndy LevineMark LevingstonChad LewisTim LewisSam LiebhartFrederick LigonsEric LindbergJeffrey LindseyLindsay LineLarry LinesAndrew LinquistRosie LintonJohn LittleMichael LittleRobby LittleMichael LivingstonNeil LloydLogan LobueScott LocklearCasey LoganTony LogueLyndel LomanAngie LongCarson LongDavid LongDiana LongEddy LongOrval LongDan C. LopataColby LoperAndres LopezJohn LorentzJames LouisoOwen LoveJoseph LowerySteve LowtherFrancisco LozanoOmar LozanoPetra Lozano DeThompsonBonnie LucasCody J. LucasHarvey Lucas Jr.Derek LueallenTyler LumpkinDonald LundyBill LuskDavid LuttrellDustin LynnCain MackenzieGerald Mackenzie Jr.Mathew MackeyShad MacNaughtonAshley MadisonAnthony MaesDaniel MaffeiMarissa MahanNicolas MahanDamon MaikellTimothy MajorBob MaleckiJim Malone Jr.Dale ManahanNathan ManhartMichael MannSid ManningJoe MarecicAdolfo MarinRodrigo Marin RuizRickie Marks Jr.Aaron MarlowStanley MarlowPedro MarquezMichael Mars IIDusty MarshLester MarshEvan MarshallTammy MarstonDan MartinJohn Martin Jr.Michael L. MartinRick MartinRicky MartinShane MartinStephen MartinJoe M. MartinezJoel Martinez Jr.Justin MartinezRick MartinezPaul MartonGraycen MashburnJerry Massey Jr.Shain MastersonEfraim MataChristopher MatthewsBrandon MattisonRoger Mattox Jr.Tamara MaukJess MaulsbyMatt MayhewKevin McBeeGary McBrideJesse McCabeThomas McCambridgeStu McCarthyBrad McCartyMichael McCartyJeff McCathernMichael McClinticOG McClinton Jr.Bill McClureGlen McConnellWilliam McConnellChad McCoolBrian McCoyGregory McCoyTierra McCraryKatie McCullinJeremy McCumbersCrystal McCuskerCalvin McDanielKelly McDanielDave McDiffittBryan McDonaldMickey McDonald Jr.Eric McEntyreDavid McFallChristopher W. McGinnisMike McGlothlin IITravis McGloughlinGerald McGuireRichard W. McGuireJasen McKayJames McKeeMike McKeeNathan McKeehanStephanie McLaughlinSteve McLaughlinKeegan McManusMatt McMillanNathan McMullenJanie McNabbKyle McNayrDan McNickolBrandon McReynoldsThomas MeaselKayla MedinaRobby MehdiFidel MendozaTay MendozaTravis MenearLeah MerciezDamon MerrittMatt MeyerRyan MeyerRandal MickTravis MilesChris MillerJustin MillerKen MillerKenneth MillerKirby MillerMarianne MillerMichael MillerMike Miller Sr.Roger MillerSedrick MillerTim MillerVernon MillerWilliam MillerCharles Mills IIIDanya MillsKaren MillsJarrod MinkRichard MinshewDanelle MintonTommy MitchChris MitchelRandall MitchellRyan MixonJames ModeDarin MoloneCirilo MondragonCorey MontgomeryRobert MontgomeryGlen MoodyCharlene MooreCliff MooreDakota MooreDaylan MooreDelbert Moore Jr.Densel Moore Jr.Densel Moore Sr.Joel MooreJohn MooreMargaret MoorePhilip MooreErik MoormanJerry MoralesAbel Morales-MaciasKevin MoreheadDuane MorelandArmando MorenoChristopher MorganJames MorganJustin MorganNathan MorganSloane MorganWillie MorganDavid MorrisDavid Morris Jr.Joseph MorrisLonza MorrisSydney MorrisJoshua MorrisonShannon MosbyJason MosleyJames MossorKelley MowdyJustin MoxleyMark Muegge Jr.Jared MuellerStacey MullenaxLevi MullinsLawrence MunseyBrian MurnahanLauren MurphyRobert Murphy Jr.Steven MurphyChristopher MusgraveDonald MuthKathy MyersLouis NagelMike Narcavage IIIRobbi NarteyTyrel NaugleAmy NealGary NealMichael NealFreddy NeighborsRick NeiswongerTerry NeitzlerJohnathon NelsonLisa NelsonSky NelsonLuke NettrouerMatthew NeubertBenjamin NevillColin NewhouseMarcus NewmanCheyenne NewsomeO’Ryan NewtonJessica NguyenChris NicholsJonathan NicholsLuke NicholsSean NicholsBarry NicholsonKenneth NickesonCassie NiemannJason NieuwenhuisRyan NixWinston NoelJustin NormanJustin NorrisAdam NorwoodJames NovakConnie NowellSelena NunezJoseph NunnJared NutterMark OByrneDaniel OdellPeter OdimaDean OgdenCharles OhlsonVictor OkehJohn OleshJames OliveMichael S. OliverDoug OlivierJames Olson Jr.Blake O’NeillBrent OpferAmanda O’QuinnPam OrthJason OrwanRobert Ostrander Jr.Gregg OuditAshley Overstreet IIRyan OvertonStacey OwenJesse OwensKevin PackMeosha PaigeAllen PairCristian ParauBill F. ParkerNicholas ParkerLaura ParrishSAFETY IN THE FIELDPennsylvania Nomac rig 7employees rig up their safety gear asthey do their part to maintain a safework environment.Eddie ParsonsKevin ParsonsReema PatelDavid Patterson IIKathleen PattonBen PaughJoseph PaupBrian PeeryKathleen PennSiva PennabadiBradley PentecostJames PenzoClifford PepperJames PerkinsJoshua PerkinsChris PersellinCatherine PetersonRenee PetersonJay PetreeJ R Pettijohn Jr.Tu PhanHeather PhelpsEMPLOYEES 43


A REVVING GOODPARTNERSHIP OklahomaThe drilling crew of Nomac rig 42poses with Paul Teutul, Sr., founderof Orange County Choppers and starof the television series “AmericanChopper,” with whom <strong>Chesapeake</strong>collaborated to develop the world’sfirst natural gas-powered chopper.Knut PhilippiDaniel PhillipsDustin PhillipsLyn PhillipsRichard PhillipsAlex PierceJayson PihajlicTimothy PlaceMonte PlummerJohn PoarchLevi PoeChris PoirotVenkat PokkuluriAngie PoolCharles PooleDustin PooleKerry PooleTy PorcheKenneth PorterAdia PowellDale PowellNathan PowellNatalie PralleErin PrattChad PrestonJerren PrestonKyle PrestonJames PriceJeffrey PriceDavid PritchardJames PritchardChase PritchettJustin PritchettAlan ProcellMichael ProctorEstevan PuenteKyle PuffinbargerMichael PughBob PurgasonMickle PutnamStony QueenVenicia QueenStephanie QuinnRobert QuinteroAaron RachallJeff RaganAnthony RahmKeith RahmMichael RaisigJuan Ramirez Jr.Tim RamirezTimothy RamseyCathy RaneyJeffrey RankinBoyd RansomWill RatcliffeGerald RatliffJason RatliffCharles RattsDavid RauhChristopher RayDavid RayJoseph RaybonReid ReaganBurt ReedJerry ReelRoy ReelFlint ReeveDamon ReevesDavid ReevesReagan RegisterAndy ReinertJohn ReppRobert RevillaBrandon ReyesLeonard ReyezUdel ReynaJimmy RhodesJohn RhodesRory RicePatrice RichBobby Richards Jr.Rene RichardsJames RichardsonJoseph RichardsonLuke RichardsonJackie Riddle Jr.Dustin RiderJames Riffle IIIRodney RiffleRichard RigginsJonathan RiggleJohn RiggsJames RileyLevi RiojasAmanda RiosFreddy RiosOscar RiveracanoCassie RiversSandon RoathCandace RobertMichael RobertJoseph RobertsRonald RobertsDiana RobertsonRandall RobertsonBrian RobinsonChad Robinson IVShae RobinsonSarah Robinson-GarciaKaylan RobyWoodrow Rodgers Jr.Michael RodriguesChance RodriguezGustavo RodriguezJohn RodriguezDawayne RoehrickJohn RogersKathy RogersMike RogersMark RohrboughRobert RollinsMarc RomeDomingo Romero-LunaJacque RossJessica RossRhonda Ross Sr.Paige RoweTerry RoweHarold RowellJulie RoyChris RoyseRicky RuckerAustin RupardRick RupardMichael RuppJason RuppertJoanna RusRon Rush Jr.Jackie Rutherford Jr.Jeffrey RutherfordStacy RutledgePeter Rutt Jr.Danny Ryan Jr.Thom RycheckyArnoldo SaenzJesus SalinasGary SalingFrancis SalleeGene SampsonZack SamuelsLucio SanchezChase SandersDaniela SandersDavid SandersMarc SandersSteven J. SandersBrad SandiferVincent SandovalKara SardisJames SaultzJohn Saxon Jr.Harley ScanlonGabe ScheerMatthew SchellhaseJess SchenkJames SchlarbCrystal SchmeckenbecherJason SchmitzEric SchneiderAshton SchoapsRobert Schoenfeldt Jr.Greg SchoffnerCassie SchoshkeEli SchrockPhillip SchroederTony SchroederChris SchumanMichael SchweighartBrandon ScogginsJoshua SconyersBrian ScottJesse ScottKelby ScottCandace ScudderTanner SealJames SearsCharles SechlerStephen SeibertJohn Seifreid IIIJosh SentyzBrandon SepulvadoRaquel ShacklettJames ShamblinAlton SharpJeffery SharpWillie SharpDan SharpeShea ShelbyJason ShelhamerTom Sheme Jr.William Shepardson IVJustin ShieldsJustin ShireySherri ShirleyRob ShoresJesse ShortTroy Short IITim ShueJames ShullLynette ShultsClayton ShumwayAnthony ShusterDarren SilcottAndrew SilvestriJason SimpsonNicholas SimsGreg SingletonRobert SiscaJonathan SiskBuddy Sissom Jr.Pat SkinnerRandy SkinnerKristy SkiroReggie SloanTimothy SloneDavid SmarkuskyAnthony SmithBrian SmithBryan L. SmithCody SmithJ.D. SmithJarrett SmithJeffrey SmithJerry W. SmithJohn D. SmithJosh SmithJoshua SmithKatherine SmithMatthew SmithMichael G. SmithMichael W. SmithMike R. SmithMike SmithRicky J. SmithRicky L. SmithShawn SmithWill SmithAmy SnedekerCasey SnowCory SnyderKendel SnyderRichard SnyderStephen SochaJason SonnemaFrank SopherDanielle SouthallLawerance SoutherlandBobby Sparkman Jr.Jack Sparks Jr.Rick SparksGary Spencer IILevi SpencerRick SpicerDave SpigelmyerShelly SpitznogleShane SpradlinJustin SpruellCurtis SpruillLoni StaatsStan Stacy Jr.Timothy StamperRyan StampsRandall StancilRichard StandageAmy StanleyHarold StarrHancel SteenMichael StephensDaniel SteppeTeena SterlingBilly Stevens Jr.Jeremiah StevensEric StewartJeffrey StewartJoshua StilesMike StiversHeath StocktonDillon StorerKim StovallEugene StradleySean StrangeElizabeth StrawnTyler SturmFrank SullivanJake SwansonSherrie SwiftTamara SzczerbackiJimmie Tabor Jr.Steven TaladaDavid TalleyKevin TapiaSteven TatroJonathan TatumRyan TatumAmanda TaylorB. Kyle TaylorBarbara TaylorBrad TaylorChad TaylorChaya TaylorDarrell TaylorDennis Taylor IIDudley Taylor IIJason TaylorJeremy TaylorJohn TaylorSimone TaylorJessica TedderJeffrey Tedesco Jr.Wossen TeferaDavid TempletAmy TennisonErin TewellCody TheimerColby TherwhangerAshley ThomasDennis ThomasRay ThomasTaylor ThomasTommy ThomasBruce ThompsonCole ThompsonJeff ThompsonJustin ThompsonKristi ThompsonSchon ThorneCody ThorntonRene’ ThurmanJames TillmanJoseph TinglerMatt TinkleTaylor TisdalGregory TomlinsonPhilp TomlinsonJustin ToneyJeffrey TootAlfredo TorresDonald Torres Jr.Rogelio TorresRichard TrachtaVirgil TrammelRichard TrammellDonie TreadawayJoshua TredwayTyler TreeceAlejandro TrejoMarsela TreskaJoshua TriplettAddie TriskaCody TrislerCole TroupScott TroutmanMichael TuckerRandy TullosBronson TurleyMichael TurnerJesse TuthillJackie Tuttle IINick TylerJack TyreDon TysonChristopher UnderwoodRussell VadasKie Vander SysKeith VanliewStephanie VannMark VannasdallPhillip VanoverRoger VanRyn IIIFabio VargasJoseph VargasAndrew VargesonTodd Varner IIStephanie VaughanPeyton VaughnChris VeazeyMarcelo VeraRaymond VerhoevenKate ViaRick VickersDanny VickeryDerek ViljoenDarren VincentMichael VincentTravis VinsekBilly VoGregory VogelBen VoigtMatthew VolnerCasey VossJT VothAlyssa VowellRobert WaggonerWalter WaiteJason WaldenvilleConnie WaldropAudie WalkerChristopher WalkerDoyle WalkerJames WalkerPatrick WalkerBill WalkoBilly WallaceBrandon WallaceJason WallaceJoshua WallaceKristin WallaceMichael WallaceKaren WaltersScotty WaltonTony WardCraig WarrenJoseph WarrenLarry WarrenMichael WarrenTanya WartchowEarl WaterburyRobert WatesJerry WatkinsRocky Watkins Jr.Brent WatsonStephen WattsRusty WebbVance Webster IIBlake WedelDarren WeedCharles WegmanCutter WeiandJared WeingartnerJason WeingartnerDennis WelchRalph Welch Jr.EuJene WellbornDerek WellsSean WellsDamon WestDavid WestLee WestTommy WhiteZach WhiteJimmy WhiteheadDaniel WhitemanGary WhitisTaylor WhitisCole WhitmanEmily WhitneyTyler WhitsettEarston WhyelJeremy WiedenmannJames WigginsMichael WigginsOpie WiggintonTodd WilfongJesse WilkinsonDustin WillbanksRalph Willett Jr.Aaron WilliamsAmy WilliamsClifford Williams IIHoyt WilliamsJeff WilliamsJordan WilliamsJoseph WilliamsKevin WilliamsLarry WilliamsLisa WilliamsMonte Williams Jr.Stephanie WilliamsTy WilliamsJosh WilliamsonDoug WillitsKendra WilmethAlan WilsonColton WilsonJaime WilsonKory WilsonPreston WilsonChristopher WiltByron WindhamBernard WinnWilliam WinsteadBrandon WintersCo WisdomTravis WishonAri WoleverAndrew WolfeRonald WolfeKenneth WoodJana WoodardLuke WoodardRobbie WoodardSterling WoodardJR WoodfinJoshua WoodsKatie WootenLarry WootenAndrew WorkRick WorleyBrandon WrightBrian WrightJohn WrightMike W. WrightSammy WyattDwayne WylieSteve WymanLarry YawnAmanda YeagerJames YoungJason YoungRandy YoungBrett YourishArt Ysaguirre Jr.Sam YuleDoug YurekMark ZabalaGregory ZachariasMegan ZacharyMatthew ZemanJohn Zimmerman Jr.44 CHESAPEAKE ENERGY CORPORATION


corporate informationCORpORaTE HeadquaRTERs6100 North Western AvenueOklahoma City, OK 73118(405) 935-8000INTERNET AddREssCompany financial information, public disclosuresand other information are available through<strong>Chesapeake</strong>’s web site at www.chk.com.CommON sTOCk<strong>Chesapeake</strong> <strong>Energy</strong> Corporation’s commonstock is listed on the New York Stock Exchange(NYSE) under the symbol CHK. As of March 31,2010, there were approximately 455,000 beneficialowners of our common stock.CommON sTOCk dIVIdENdsDuring <strong>2009</strong>, the company declared a cash dividendof $0.075 per share on March 17, June 15,September 24 and December 18 for a total dividenddeclared of $0.30 per share.IndepENdENT PublICaCCOuNTaNTsPricewaterhouseCoopers LLP6120 South Yale, Suite 1850Tulsa, OK 74136(918) 524-1200expected production, assumptions regardingfuture natural gas and oil prices, andplanned drilling activity and capital expenditures,as well as statements concerninganticipated cash flow and liquidity, businessstrategy and other plans and objectives forfuture operations.Although we believe the expectations andforecasts reflected in these and other forward-lookingstatements are reasonable,we can give no assurance they will prove tohave been correct. They can be affected byinaccurate assumptions or by known or unknownrisks and uncertainties.Factors that could cause actual results todiffer materially from expected results aredescribed under “Risk Factors” in Item 1Aof our <strong>2009</strong> <strong>Annual</strong> <strong>Report</strong> on Form 10-Kincluded in this report. We caution you notto place undue reliance on forward-lookingstatements, and we undertake no obligationto update this information. We urge you tocarefully review and consider the disclosuresmade in this report and our other filings withthe Securities and Exchange Commissionregarding the risks and factors that mayaffect our business.2010 High Low LastFirst Quarter $ 29.22 $ 22.10 $ 23.64<strong>2009</strong> High Low LastFourth Quarter $ 30.00 $ 22.06 $ 25.88Third Quarter 29.49 16.92 28.40Second Quarter 24.66 16.43 19.83First Quarter 20.13 13.27 17.062008 High Low LastFourth Quarter $ 35.46 $ 9.84 $ 16.17Third Quarter 74.00 31.15 35.86Second Quarter 68.10 45.25 65.96First Quarter 49.87 34.42 46.152007 High Low LastFourth Quarter $ 41.19 $ 34.90 $ 39.20Third Quarter 37.55 31.38 35.26Second Quarter 37.75 30.88 34.60First Quarter 31.83 27.27 30.88Stock TransfER AgENTand RegisTRarCommunication concerning the transfer ofshares, lost certificates, duplicate mailingsor change of address notifications should bedirected to our transfer agent:Computershare Trust Company, N.A.250 Royall StreetCanton, MA 02021(800) 884-4225TrusTEE fOR THE Company’ssENIOR NOTEsThe Bank of New York Mellon TrustCompany, N.A.101 Barclay Street, 8th FloorNew York, NY 10286Forward-lOOkINgsTaTEmENTsThis report includes “forward-looking statements”that give our current expectationsor forecasts of future events. They includeestimates of natural gas and oil reserves,The SEC requires natural gas and oil companies,in filings made with the SEC, to discloseproved reserves and, beginning with filingsreporting year-end <strong>2009</strong> reserves, permits theoptional disclosure of probable and possiblereserves. While <strong>Chesapeake</strong> has elected not toreport probable and possible reserves in its filingswith the SEC, we have provided estimatesin this report of what we consider to be our“total resource base.” This term includes ourestimated proved reserves as well as “riskedand unrisked unproved resources,” whichrepresent <strong>Chesapeake</strong>’s internal estimatesof volumes of natural gas and oil that are notclassified as proved reserves but are potentiallyrecoverable through exploratory drillingor additional drilling or recovery techniques.Our estimates of unproved resources are notintended to correspond to probable and possiblereserves, as defined by SEC regulations,are by their nature more speculative thanestimates of proved reserves and accordinglyare subject to substantially greater riskof being actually realized by the company.Cert no. SCS-COC-000648


CHESAPEAKE ENERGY CORPORATION <strong>2009</strong> ANNUAL REPORT6100 NORTH WESTERN AVENUEOKLAHOMA CITY, OK 73118WWW.CHK.COM

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