Chesapeake is committed to promoting and conducting responsible exploration and production activities. Our goal is to reduce our country’s dependence on expensive foreign oil and carbon-heavy coal, and transition to clean-burning natural gas through the use of industry-leading operational practices and continuous technological innovation and improvement.

Because of our commitment to environmental excellence, we are integrating the following core values into all decisions affecting our operations, and we expect the same commitment from our contractors and vendors.

• Business Philosophy – We are committed to protecting our country’s natural resources, caring for the environment and complying with all applicable local, state and federal laws and regulations as part of our daily operations.
• Operational Excellence – We always strive for excellence and are satisfied with nothing less. We will move quickly to rectify any environmental problem associated with our operations and address any issue that might arise.
• Commitment of Resources – We will provide the human, physical and financial resources to achieve our environmental protection objectives, and we expect our employees, contractors, suppliers and vendors to do likewise to ensure that our operations are clean and safe.
• Continuous Improvement – We will continue to evaluate evolving environmental protection measures with the goal of improving our operating practices and further reducing our environmental footprint using the latest technologies and operational procedures.
• Support of Industry Regulation – We support science-based regulation at the appropriate level of government that ensures natural gas and oil wells are drilled, completed and produced safely and responsibly.
• Community Focus – We will always strive to be charitable, engaged and responsible partners in the communities where we live and work.

To enhance and highlight the importance of these core values, Chesapeake has developed and is implementing or enhancing the following focused programs:

• Transparency in the Use of Chemicals – We have and will continue disclosing the ingredients used in hydraulic fracturing fluids to state agencies charged with regulating natural gas and liquid hydrocarbons operations and the hydraulic fracturing chemical disclosure registry at www.fracfocus.org.
• Water Sourcing and Use – We will effectively plan, manage and reduce where possible the use of freshwater associated with our operations.
• Managing Produced Water – We will recycle produced water as much as practical. We will store produced water in enclosed surface water tanks with secondary containment until disposed of in a government-approved underground injection control well.
• Preserving Air Quality – We will strive to reduce air emissions associated with the production of natural gas and liquid hydrocarbons. We will design, build and monitor the integrity of our facilities and pipelines to further reduce the environmental impact and likelihood of potential incidents.
• Well Design and Construction – We will meet or exceed state law requirements in the design, drilling, completion and testing of wellbores to protect freshwater sources, control well pressures and avoid migration of gas behind casing strings.
• Limiting Surface Impacts – We will reduce impacts to landowners, communities and the environment by limiting the size and number of well pads, roads, pipelines and other surface disturbances to the minimum area reasonably needed to fully develop natural gas and liquid hydrocarbon resources. We will exercise great care to avoid or minimize impact to environmentally sensitive and culturally significant areas. Existing infrastructure will be used when practical. Road use maintenance agreements will be developed to protect and maintain the roads we use.
• Pre-construction Environmental Assessment – Prior to construction, we will conduct reviews to identify environmentally sensitive habitats, wetlands and other water resources, and culturally significant locations. We will avoid sensitive resources to the extent practicable.
• Waste Management – We will make a priority to handle, transport and dispose of waste generated from our operations according to applicable regulations. We will use the most current technology practical to reduce the likelihood of spills, reduce waste volumes generated and recycle those volumes where appropriate. We will create and maintain waste management plans that provide for disposal at a pre-approved site.
• Best Management Practices (BMPs) – We will apply and continuously improve our BMPs to achieve and maintain an industry-leading position in safe and clean operations.
• Public Outreach and Collaboration – We will continue to engage and educate shareholders, stakeholders and affected parties of our operations, and identify opportunities for further improvement, as well as support and promote high-quality research and provide public education.