Chesapeake Highlights 

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We’re one of the largest producers of U.S. natural gas:  We’re one of the largest U.S. natural gas producers and we own an interest in approximately 43,600 oil and natural gas wells that are currently producing approximately 2.6 bcfe per day, 92% of which is natural gas.  

We’re the most active driller of new wells in the U.S.:  During the first three quarters of 2009, we continued the industry's most active drilling program and drilled 853 gross (624 net) operated wells and participated in another 864 gross (76 net) wells operated by other companies utilizing an average of 102 operated rigs and an average of 57 non-operated rigs.  The company's drilling success rate in the first three quarters of 2009 was 99% for company-operated wells and 98% for non-operated wells.

We’re positioned for top-tier growth:  From 2002 through 2008, we increased our proved reserves at a 33% annualized rate to 12.1 tcfe, our average daily production at a 29% annualized rate to 2.3 bcfe/d and our fully diluted adjusted earnings per common share at a 36% annualized rate to $3.55 per share.

We’re the largest U.S. unconventional gas resource player:  We’ve built an industry-leading position of 14 million net acres of U.S. onshore leasehold and 23 million acres of 3-D seismic data. On this very large acreage position that includes the industry's leading unconventional gas resource base, we have an inventory of an estimated 36,000 net drilling sites, representing a backlog of more than 10 years of future drilling opportunities at current drilling rates.

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