OKLAHOMA CITY--(BUSINESS WIRE)--Dec. 7, 2009--
Chesapeake Energy Corporation (NYSE:CHK) was named Energy Producer of
the Year at the 11th Annual Platts Global Energy Awards
program in New York and also received the Industry Leadership Award.
Chesapeake was also a finalist for the Deal of the Year, CEO of the
Year and Community Development Program of the Year awards.
Chesapeake is one of only two companies that received multiple awards
this year and one of only three companies selected as a finalist in five
or more categories. This is the second time in three years that
Chesapeake has been named the Energy Producer of the Year by
Platts.
The Platts Global Energy Awards recognize excellence and innovation by
companies and executives throughout the global energy industry. A total
of approximately 150 individuals and companies were finalists for the
Global Energy Awards with hundreds more nominated. According to Platts,
“The Energy Producer of the Year Award recognizes
excellence in the upstream energy sector for companies that have set
world class standards in exploring for and finding new resources,
maximizing technical excellence and innovation in resource extraction,
and bringing complex or difficult projects to completion on schedule and
on budget. The panel of independent international judges noted
Chesapeake’s expertise in shale gas plays and its very high success rate
in exploration activities.”
Platts also stated, “The Industry Leadership Award is given to
companies that demonstrate the vision to change the way the energy
industry works or finds new ways of doing things that become the
standard by which other companies are measured.” The panel of judges
said in addition to the company’s success in providing new supplies of
natural gas from shales, “Chesapeake has done a masterful job
campaigning for natural gas to become the fuel of the future.”
Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented,
“We are proud of the accomplishments of our 8,300 employees and honored
to be selected as the Energy Producer of the Year for two of the
last three years and to receive the Industry Leadership Award for
2009. Our industry-leading position in the Big 4 shale plays has
generated tremendous growth for the company and delivered new supplies
of natural gas to consumers. In addition, I am proud of our company’s
leadership role in founding the American Clean Skies Foundation and in
being a founding member of America’s Natural Gas Alliance. We will
continue to communicate to consumers and policymakers the powerful and
important message that clean, affordable, abundant, American natural gas
is the most practical solution for the nation’s energy needs.”
About Platts: Platts, a division of The McGraw-Hill Companies
(NYSE: MHP), is a leading global provider of energy and commodities
information. With a century
of business experience, Platts serves customers across more
than 150 countries. An independent provider, Platts serves the oil,
natural
gas, electricity,
emissions, nuclear power, coal,
petrochemical,
shipping,
and metals
markets from 17 offices worldwide. Platts' real-time news, pricing,
analytical services and conferences
help markets operate with transparency and efficiency. Traders, risk
managers, analysts, and industry leaders depend upon Platts to help them
make better trading and investment decisions. Additional information is
available at http://www.platts.com.
Chesapeake Energy Corporation is one of the leading producers of
natural gas in the U.S. Headquartered in Oklahoma City, the
company's operations are focused on the development of onshore
unconventional and conventional natural gas in the U.S. in the Barnett
Shale, Haynesville Shale, Fayetteville Shale, Marcellus Shale, Anadarko
Basin, Arkoma Basin, Appalachian Basin, Permian Basin, Delaware Basin,
South Texas, Texas Gulf Coast and East Texas regions of the United
States. Further information is available at www.chk.com.
Source: Chesapeake Energy Corporation
Chesapeake Energy Corporation
Investor Contact:
Jeffrey L.
Mobley, CFA, 405-767-4763
Senior Vice President –
Investor
Relations and Research
jeff.mobley@chk.com
or
Media
Contact:
Jim Gipson, 405-935-1310
Director – Media Relations
jim.gipson@chk.com