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OKLAHOMA CITY--(BUSINESS WIRE)--March 13, 2007--Chesapeake Energy
Corporation (NYSE:CHK) today announced that its Board of Directors has
declared a $0.06 per share quarterly dividend that will be paid on
April 16, 2007 to common shareholders of record on April 2, 2007.
Chesapeake has approximately 460 million common shares outstanding. In
addition, Chesapeake's Board has declared dividends on its outstanding
convertible preferred stock issues, as stated below.
Cumulative Convertible Preferred Stock
------------------------------------------------------
4.125% 5% (2005) 4.50% 5% (2005B) 6.25%
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NYSE Symbol N/A N/A CHK Pr D N/A CHK Pr E
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Mar. 30, April 19, Sept. 14, Nov. 8, June 30,
Date of Issue 2004 2005 2005 2005 2006
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Registered
CUSIP 165167875 165167859 165167842 165167826 165167818
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144A CUSIP 165167883 165167867 N/A 165167834 N/A
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Par Value per
Share $0.01 $0.01 $0.01 $0.01 $0.01
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Shares
Outstanding 3,065 4,600,000 3,450,000 5,750,000 2,300,000
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Liquidation
Preference per
Share $1,000 $100 $100 $100 $250
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Jun. 1, Apr. 2, Jun. 1, May 1, Jun. 1,
Record Date 2007 2007 2007 2007 2007
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Jun. 15, Apr. 16, Jun. 15, May 15, Jun. 15,
Payment Date 2007 2007 2007 2007 2007
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Amount per
Share $10.3125 $1.25 $1.125 $1.25 $3.90625
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Chesapeake Energy Corporation is the third largest independent
producer of natural gas in the U.S. Headquartered in Oklahoma City,
the company's operations are focused on exploratory and developmental
drilling and corporate and property acquisitions in the Mid-Continent,
Fort Worth Barnett Shale, Appalachian Basin, Fayetteville Shale, South
Texas, Permian Basin, Delaware Basin, Ark-La-Tex and Texas Gulf Coast
regions of the United States. The company's Internet address is
www.chkenergy.com.
CONTACT: Chesapeake Energy Corporation, Oklahoma City
Jeffrey L. Mobley, CFA, 405-767-4763
Senior Vice President - Investor Relations and Research
jmobley@chkenergy.com
or
Marc Rowland, 405-879-9232
Executive Vice President and Chief Financial Officer
mrowland@chkenergy.com
SOURCE: Chesapeake Energy Corporation