Haynesville Update
We want to take this opportunity to update you, the elected officials and stakeholders of the Haynesville and Bossier shale areas, about our operations, activities in the community and how we are continuing to be a responsible partner.
June 2024
Operational and Financial Update
On Apr. 30, Chesapeake reported its 2024 first quarter financial and operating results. To learn more, see our news release, presentation and earnings highlights.
Given the continued weak natural gas market, our 2024 plan is focused on disciplined operating and operational efficiency. We believe this is the prudent response to today’s current market. With our well-positioned portfolio, investment grade quality and disciplined strategy, Chesapeake will be well-positioned to meet demand for natural gas when the market recovers.
1Q24 Haynesville Business Unit Snapshot
Drilling:
- Averaged 5 active rigs
- 11 wells drilled
Production:
- 14 wells turned-in-line
- 1.478 net production (bcfe/d)
- 46% of total company production
- 100% Responsibly Sourced Gas (RSG)
Company News
2023 Sustainability Report Published
Chesapeake published its 2023 Sustainability Report, marking the company’s 12th year reporting on its environmental, social and governance (ESG) performance and the company’s resilience in a lower carbon future.
This reporting reflects the company’s commitment to transparency, enhanced disclosures and measurable progress. View the full report here.
In The Community
Speaker of House Visit, Sponsorships and More
Over the past quarter, employees invested time and resources in projects and programs that align with our local needs and business priorities.
Highlights include:
- Ronald McDonald House Shreveport – Chesapeake donated $100,000 to their new facility that will be available to families with seriously ill or injured children in local hospitals at no cost them.
- Speaker of the House Mike Johnson Visit – We were honored to host Speaker of the House of Representatives Mike Johnson on a drilling location and in our Mansfield office for a community round table discussion with local officials in February.
- Haynesville Operations Manager Attends the State of the Union Address – In March, Jonathan Wheelis attended the State of the Union Address in Washington D.C. as one of Speaker of the House Mike Johnson’s 25 distinguished guests.
- Shriners Children’s Shreveport – We donated $25,000 to help the Shriners of Shreveport.
- Auction Sponsors – Chesapeake donated $2,500 to both the United Way Minden St. Jude Auction and the Shoot for the Blue Auction.
- Higher Ground Ministry Food Bank – Several employees hand out food to DeSoto Parish residents in need at the Higher Ground Ministry Food Bank the third Friday of every month.
- Governor Jeff Laundry’s Inaugural Ceremony – Chesapeake attended the ceremony and the events surrounding the celebration in Baton Rouge.
- Greater Shreveport Annual Meeting – Michelle Cavanaugh joined the Shreveport Chamber Board of Directors as the Vice Chair Marketing/Investor Relations.
- Bossier Day at the Capitol – We met with Bossier Parish Police Jury, City Council, Mayor and Chamber partners.
ESG Update
Chesapeake Recognized as Best in ESG Reporting
Chesapeake was recently recognized for Best ESG Reporting among small to mid-cap companies by IR Magazine. A panel of expert judges, made up of investment professionals and IR Magazine editorial team members, decided the award winner after highlighting six nominees. Chesapeake received the recognition at the magazine’s annual awards program during which more than 400 investor relations professionals gathered in New York City
For more information on our sustainability efforts, visit chk.com/sustainability, and stay up to date on Chesapeake employees’ related activities on www.chk.com/category/esg-news/.
Questions/Contact Information
We want you to know we are always available to answer your questions. Our teams in the Mansfield and Haughton field offices speak with landowners every day as we prepare for future development.
Neil Lewis
Landman
neil.lewis@chk.com
Sammy Briscoe
Maintenance & Construction
sammy.briscoe@chk.com
Colby Finton
Health Safety & Environmental
colby.finton@chk.com
Michelle Cavanaugh
Community Affairs
michelle.cavanaugh@chk.com
Monty Mayfield
Land Manager
monty.mayfield@chk.com
Matt Sheppard
Government & Regulatory Affairs
matt.sheppard@chk.com
Jonathan Wheelis
Operations Manager
jonathan.wheelis@chk.com
Royalty Owner Questions
Owner Relations
877-245-1427
contact@chk.com
8 a.m. – 5 p.m. CST, Monday through Friday