Chesapeake Requests Correction of CDC Consultation

1/28/2012 7:40 AM

Chesapeake Energy Corporation has formally requested a correction to a Centers for Disease Control and Prevention (CDC) consultation regarding a Pennsylvania well that caused unnecessary public alarm.

In November 2011 the CDC’s Agency for Toxic Substances and Disease Registry (ATSDR) released a report after investigating a spill at the Bradford County well. Under the Information Quality Act, ATSDR was required to meet rigorous scientific standards.

Chesapeake contends that the ATSDR did not meet those standards. The ATSDR report was based on a single water sampling event of seven wells but did not include more than 29 other sampling events from the same wells, including those conducted by the Pennsylvania Department of Environmental Protection (PADEP) and U.S. Environmental Protection Agency (EPA) during their own investigations.

To learn more about why Chesapeake requested a correction, please read the company’s letter to the CDC and its formal petition.

The information includes forward-looking statements, which are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. We refer you to the discussion of riskfactors that could affect future operating or financial performance in our most recent prospectus and Form 10-K and other SEC Filings. Chesapeake assumes no obligation to update any forward-looking statements made here as a result of new information or future events or developments. You will find a reconciliation of any non-GAAP financial measure, as defined by the SEC in Regulation G, to the most directly comparable GAAP number in Reconciliation of Non-GAAP Financial Measures.

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