2009 Annual Report ’ Chesapeake Energy Corporation Corporate Profile

NATURAL GAS: FUELING AMERICA’S FUTURE

2009 ANNUAL REPORT CHESAPEAKE ENERGY CORPORATION CORPORATE PROFILE

Chesapeake Energy Corporation is the second-largest producer of natural gas and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company’s operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Eagle Ford, Granite Wash and various other unconventional oil plays. The company has also vertically integrated its operations and owns substantial midstream, compression, drilling and oilfield service assets. Chesapeake’s stock is listed on the New York Stock Exchange under the symbol CHK. Further information is available at www.chk.com.

ON THE COVER CONTENTS Scenes from the field to the natural gas 1 FINANCIAL REVIEW fueling station depict how Chesapeake 4 LETTER TO SHAREHOLDERS explores for, produces and advocates the 14 FUELING AMERICA’S FUTURE expanded use of natural gas — the clean, 16 OPERATING AREAS affordable, abundant energy resource that 20 INVESTOR Q&A is Fueling America’s 22 SOCIAL RESPONSIBILITY Future. 24 COMMUNITY RELATIONS 26 ENVIRONMENTAL, HEALTH & SAFETY

28 BOARD OF DIRECTORS

28 GOVERNANCE

29 OFFICERS

30 EMPLOYEES

45 FORM 10-K

INSIDE BACK COVER CORPORATE INFORMATION PRODUCTION GROWTH PROVED RESERVE GROWTH TOTAL RESOURCE BASE GROWTH Average mmcfe per day for year Bcfe at end of year Bcfe at end of year

2,500 15,000 80,000

70,000 2,000 12,000 60,000

50,000 1,500 9,000

40,000

1,000 6,000 30,000

20,000 500 3,000 10,000

0 0 0 99 00 01 02 03 04 05 06 07 08 09 99 00 01 02 03 04 05 06 07 08 09 99 00 01 02 03 04 05 06 07 08 09

CHESAPEAKE’S STOCK PRICE Chesapeake’s Stock Price at Month End Henry Hub Natural Gas Spot Price at Month End $ 70 $ 17.50

$ 60 $ 15.00

$ 50 $ 12.50

$ 40 $ 10.00 $/mcf $ 30 $ 7.50 CHK Stock Price CHK Stock

$ 20 $ 5.00

$ 10 $ 2.50

$ 0 $ 0 JAN 99 JAN 00 JAN 01 JAN 02 JAN 03 JAN 04 JAN 05 JAN 06 JAN 07 JAN 08 JAN 09

CHESAPEAKE’S FIVE-YEAR AND TEN-YEAR COMMON STOCK PERFORMANCE The graphs below compare the performance of our common stock to the S&P 500 Stock Index and two groups of peer companies for the past five and 10 years. The graph on the left assumes an investment of $100 on December 31, 2004 and the reinvestment of all dividends. The graph on the right assumes an investment of $100 on December 31, 1999 and the reinvestment of all dividends. The graphs show the value of the investment at the end of each year.

FIVE-YEAR PERFORMANCE TEN-YEAR PERFORMANCE As of December 31 CHK 2009 Peer Group (1) As of December 31 CHK 2009 Peer Group (1) 2008 Peer Group (1) S&P 500 2008 Peer Group (1) S&P 500 $ 250 $ 2,000

$ 1,750 $ 200 $ 1,500

$ 1,250 $ 150

$ 1,000

$ 100 $ 750

$ 500 $ 50 $ 250

$ 0 $ 0 04 05 06 07 08 09 990001 02 03 04 05 06 07 08 09

(1) The 2009 peer group is comprised of Anadarko Petroleum Corporation, Apache Corporation, Devon Energy Corporation, Encana Corporation, EOG Resources, Inc. and XTO Energy, Inc. The 2008 peer group was comprised of Anadarko Petroleum Corporation, Apache Corporation, Cabot Oil & Gas Corporation, Devon Energy Corporation, EOG Resources, Inc., Forest Oil Corporation, Newfield Exploration Company, Noble Energy, Inc., Occidental Petroleum Corporation, Pioneer Natural Resources Company, Quicksilver Resources, Inc., Range Resources Corporation, Southwestern Energy Company, St. Mary Land & Exploration Company and XTO Energy, Inc. The change in peer group composition was made in order to show the returns of Chesapeake vs. other North American gas-focused large-cap E&P companies. FINANCIAL REVIEW 3 FINANCIAL REVIEW Six Months ($ in millions, except per share data) Ended Years Ended December 31 December 31 Years Ended June 30 Financial and Operating Data 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1997 1996 1995 1994 1993 Revenues Natural gas and oil sales $ 5,049 $ 7,858 $ 5,624 $ 5,619 $ 3,273 $ 1,936 $ 1,297 $ 568 $ 820 $ 470 $ 280 $ 257 $ 96 $ 193 $ 111 $ 57 $ 22 $ 12 Midstream and service operations revenue 2,653 3,771 2,176 1,707 1,392 773 420 171 149 158 75 121 58 76 35 9 7 5 TotalTotal revenuesrevenues $ 7,702 $ 11,629 $ 7,800 $ 7,326 $ 4,665 $ 2,702,7099 $ 11,717,717 $ 739 $ 969 $ 626288 $ 355 $ 378 $ 154 $ 269 $ 141466 $ 6666 $ 29 $ 17 Operating costs Production expenses 876 889 640 490 317 205 138 98 75 50 46 51 8 11 6 3 2 3 Production taxes 107 284 216 176 208 104 78 30 33 25 13 8 2 4 2 1 2 — General and administrative expenses 349 377 243 139 64 37 24 18 15 13 13 20 6 9 5 4 3 3 Midstream and service operations expenses 2,498 3,648 2,063 1,590 1,358 755 410 166 144 152 72 119 58 75 33 8 5 4 Depreciation, depletion and amortization 1,615 2,144 1,988 1,462 945 611 386 235 182 109 103 155 63 107 54 27 10 5 Impairments and other 11,202 2,830 — 55 — 5 6 — — — — 881 110 236 — — — 1 Total operating costs 16,647 10,172 5,150 3,912 2,892 1,717 1,042 547 449 349 247 1,234 247 442 100 43 22 16 Income (loss) from operations (8,945) 1,457 2,650 3,414 1,773 992 675 192 520 279 108 (856) (93) (173) 46 23 7 1 Other income (expense) (28) (11) 15 26 10 5 1 7 3 3 8 4 79 11 4 2 1 1 Interest expense (113) (271 ) (401 ) (316 ) (221 ) (167 ) (154 ) (112 ) (98 ) (86 ) (81 ) (68 ) (18 ) (18 ) (14 ) (7 ) (3 ) (2 ) Miscellaneous gains (losses) (202) (184) 83 117 (70) (25) (21) (20) (63) — — (14) — (7) — — — — Total other income (expense) (343) (466 ) (303 ) (173 ) (281 ) (187 ) (174 ) (125 ) (158 ) (83 ) (73 ) (78 ) 61 (14 ) (10 ) (5 ) (2 ) (1 ) Income (loss) before income taxes and cumulative effect of accounting change (9,288) 991 2,347 3,241 1,492 805 501 67 362 196 35 (934) (32) (187) 36 18 5 — Income tax expense (benefit): Current 4 423 29 5 — — 5 (2) 4 — — — — — — — — — Deferred (3,487) (36) 863 1,242 545 290 185 29 141 (260) 2 — — (4) 13 6 1 — Net income (loss) before cumulative effect of accounting change, net of tax (5,805) 604 1,455 1,994 947 515 311 40 217 456 33 (934) (32) (183) 23 12 4 — Net (income) loss attributable to noncontrolling interest (25) — — — — — — — — — — — — — — — — — Cumulative effect of accounting change, net of tax — — — — — — 2 — — — — — — — — — — — Net IIncomencome (loss)(loss) $ ((5,8305,830) $ 604604 $ 11,455,455 $ 1,994 $ 949477 $ 515 $ 313133 $ 40 $ 217 $ 456 $ 33 $ ((934934) $ ((3232) $ ((183183) $ 23 $ 12 $ 4 — Preferred stock dividends (23) (33 ) (94 ) (89 ) (42 ) (40 ) (22 ) (10 ) (2 ) (9 ) (16 ) (12 ) — — — — — (1 ) Gain (loss) on redemption of preferred stock — (67) (128) (10) (26) (36) — — — 7 — — — — — — — — Net iincomencome (loss)(loss) availableavailable toto commoncommon stockholdersstockholders $ (5(5,853,853) $ 504504 $ 11,233,233 $ 11,895,895 $ 878799 $ 434399 $ 291 $ 30 $ 215 $ 454 $ 17 $ ((946946) $ ((3232) $ ((183183) $ 23 $ 12 $ 4 $ (1) Earnings per common share – basic: Income (loss) before cumulative effect of accounting change $ (9.57) $ 0.94 $ 2.70 $ 4.76 $ 2.73 $ 1.73 $ 1.36 $ 0.18 $ 1.33 $ 3.52 $ 0.17 $ (9.97) $ (0.45) $ (2.79) $ 0.43 $ 0.22 $ 0.08 $ (0.02) Cumulative effect of accounting change — — — — — — 0.02 — — — — — — — — — — — EP EPSS – basibasicc $ (9.5(9.577) $ 0.94 $ 2.2.7070 $ 44.76.76 $ 2.2.7373 $ 11.73.73 $ 11.38.38 $ 0.0.1818 $ 11.33.33 $ 3.52 $ 0.0.1717 $ (9.9(9.977) $ (0.4(0.455) $ (2.79) $ 0.0.4343 $ 0.22 $ 0.08 $ (0.02) Earnings per common share – assuming dilution: Income (loss) before cumulative effect of accounting change $ (9.57 ) $ 0.93 $ 2.63 $ 4.33 $ 2.51 $ 1.53 $ 1.20 $ 0.17 $ 1.25 $ 3.01 $ 0.16 $ (9.97) $ (0.45) $ (2.79) $ 0.40 $ 0.21 $ 0.08 $ (0.02 ) Cumulative effect of accounting change — — — — — — 0.01 — — — — — — — — — — — EPSEPS – assumingassuming dildilutionution $ ((9.579.57) $ 0.93 $ 2.63 $ 44.33.33 $ 2.52.511 $ 11.53.53 $ 11.21.21 $ 0.0.1717 $ 11.25.25 $ 3.01 $ 0.0.1616 $ ((9.979.97) $ ((0.450.45) $ ((2.792.79) $ 0.0.4040 $ 0.21 $ 0.08 $ ((0.020.02) Cash provided by (used in) operating activities (GAAP) $ 4,356 $ 5,357 $ 4,974 $ 4,843 $ 2,407 $ 1,432 $ 939 $ 429 $ 478 $ 315 $ 145 $ 95 $ 139 $ 84 $ 121 $ 55 $ 19 $ (1 ) OperatingOperating cash fflowlow (non-GAAP) * $ 4,4,333333 $ 5,5,299299 $ 4,4,675675 $ 4,4,040040 $ 22,426,426 $ 1,41,40303 $ 897 $ 440909 $ 444433 $ 306 $ 113939 $ 111188 $ 68 $ 116161 $ 88 $ 4466 $ 1616 $ 4 Balance Sheet Data (at end of period) TotalTotal assetsassets $ 2929,914,914 $ 3838,593,593 $ 3030,764,764 $ 224,4134,413 $ 116,1146,114 $ 8,2458,245 $ 4,5724,572 $ 22,876,876 $ 22,287,287 $ 1,441,4400 $ 851 $ 881313 $ 953 $ 994949 $ 557272 $ 227777 $ 126126 $ 7979 Long-term debt, net of current maturities 12,295 13,175 10,178 7,187 5,286 3,075 2,058 1,651 1,329 945 964 919 509 509 268 146 48 14 TotalTotal equityequity ((deficit)deficit) $ 12,341 $ 17,017 $ 12,6212,6244 $ 11,366 $ 6,296,2999 $ 3,163,1633 $ 1,731,7333 $ 909088 $ 767 $ 313 $ ((218218) $ ((249249) $ 282800 $ 282877 $ 171788 $ 45 $ 3131 $ 31 Other Operating and Financial Data ProvedProved reservesreserves in nnaturalatural gagass eequivalentsquivalents (bcfe)(bcfe) 14,25414,254 12,05 12,0511 1 10,8790,879 8,956 7 7,521,521 4 4,902,902 3,16 3,1699 2 2,205,205 1,780 1,355 1 1,206,206 1 1,091,091 4 44848 40 4033 425425 243 142 137 FutureFuture net natural gasgas andand oil reverevenuesnues discountediscountedd atat 10%10% ** $ 99,449,449 $ 15,15,601601 $ 2020,573,573 $ 113,6473,647 $ 2222,934,934 $ 110,5040,504 $ 7,7,333333 $ 33,718,718 $ 1,1,647647 $ 66,046,046 $ 1,1,089089 $ 666611 $ 446767 $ 443737 $ 547547 $ 188188 $ 141 $ 141422 Natural gas price used in reserve report (per mcf) $ 3.13 $ 5.12 $ 6.19 $ 5.41 $ 8.76 $ 5.65 $ 5.68 $ 4.28 $ 2.51 $ 10.12 $ 2.25 $ 1.68 $ 2.29 $ 2.12 $ 2.41 $ 1.60 $ 1.98 $ 2.43 Oil price used in reserve report (per bbl) $ 56.72 $ 41.60 $ 90.58 $ 56.25 $ 56.41 $ 39.91 $ 30.22 $ 30.18 $ 18.82 $ 26.41 $ 24.72 $ 10.48 $ 17.62 $ 18.38 $ 20.90 $ 17.41 $ 18.27 $ 18.71 Natural gas production (bcf) 835 775 655 526 422 322 240 161 144 116 109 94 27 62 52 25 7 3 Oil production (mmbbl) 11.8 11.2 9.9 8.7 7.7 6.8 4.7 3.5 2.9 3.1 4.1 6.0 1.9 2.8 1.4 1.1 0.5 0.3 ProductionProduction ((bcfe)bcfe) 906906 843 714 5 57878 4 46969 3 36363 2 26868 181181 161161 134134 133133 130130 38 79 6 600 32 1 100 4 Sales price per mcfe *** $ 6.22 $ 8.38 $ 8.40 $ 8.86 $ 6.90 $ 5.23 $ 4.79 $ 3.61 $ 4.56 $ 3.50 $ 2.10 $ 1.97 $ 2.49 $ 2.45 $ 1.84 $ 1.78 $ 2.21 $ 2.68 Production expense per mcfe $ 0.97 $ 1.05 $ 0.90 $ 0.85 $ 0.68 $ 0.56 $ 0.51 $ 0.54 $ 0.47 $ 0.37 $ 0.35 $ 0.39 $ 0.20 $ 0.15 $ 0.11 $ 0.11 $ 0.21 $ 0.67 Production taxes per mcfe $ 0.12 $ 0.34 $ 0.30 $ 0.31 $ 0.44 $ 0.29 $ 0.29 $ 0.17 $ 0.20 $ 0.19 $ 0.10 $ 0.06 $ 0.07 $ 0.05 $ 0.03 $ 0.03 $ 0.15 — General and administrative expense per mcfe $ 0.38 $ 0.45 $ 0.34 $ 0.24 $ 0.14 $ 0.10 $ 0.09 $ 0.10 $ 0.09 $ 0.10 $ 0.10 $ 0.15 $ 0.15 $ 0.11 $ 0.08 $ 0.11 $ 0.31 $ 0.84 Depreciation, depletion and amortization expense per mcfe $ 1.78 $ 2.55 $ 2.78 $ 2.53 $ 2.02 $ 1.69 $ 1.44 $ 1.30 $ 1.12 $ 0.81 $ 0.77 $ 1.19 $ 1.63 $ 1.36 $ 0.90 $ 0.85 $ 0.99 $ 1.09 Number of employees (full-time at end of period) 8,152 7,649 6,219 4,883 2,885 1,718 1,192 866 677 462 424 481 360 362 344 325 250 150 Cash dividends declared per common share $ 0.30 $ 0.2925 $ 0.2625 $ 0.23 $ 0.195 $ 0.17 $ 0.135 $ 0.06 — — — $ 0.04 $ 0.04 $ 0.02 — — — — StockStock priceprice (at(at endend of periodperiod – ssplitplit adjusted)adjusted) $ 25.88 $ 116.176.17 $ 39.20 $ 29.05 $ 331.731.73 $ 116.506.50 $ 113.583.58 $ 7.74 $ 6.61 $ 110.120.12 $ 2.38 $ 0.90.944 $ 77.50.50 $ 9.89.811 $ 29.52 $ 5.645.64 $ 0.85 $ 1.181.18 * See page 13 for definition of this non-GAAP measure. ** PV-10 is the present value (10% discount rate) of estimated future gross revenues to be generated from the production of proved reserves, net of production and future development costs, using assumed prices and costs. Please see page 129 of our Form 10-K for information on the standardized measure of discounted future net cash flows. *** Excludes unrealized gains (losses) on natural gas and oil hedging.

1 CHESAPEAKE ENERGY CORPORATION FINANCIAL REVIEW 2 FINANCIAL REVIEW Six Months ($ in millions, except per share data) Ended Years Ended December 31 December 31 Years Ended June 30 Financial and Operating Data 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1997 1996 1995 1994 1993 Revenues Natural gas and oil sales $ 5,049 $ 7,858 $ 5,624 $ 5,619 $ 3,273 $ 1,936 $ 1,297 $ 568 $ 820 $ 470 $ 280 $ 257 $ 96 $ 193 $ 111 $ 57 $ 22 $ 12 Midstream and service operations revenue 2,653 3,771 2,176 1,707 1,392 773 420 171 149 158 75 121 58 76 35 9 7 5 TotalTotal revenuesrevenues $ 7,702 $ 11,629 $ 7,800 $ 7,326 $ 4,665 $ 2,702,7099 $ 11,717,717 $ 739 $ 969 $ 626288 $ 355 $ 378 $ 154 $ 269 $ 141466 $ 6666 $ 29 $ 17 Operating costs Production expenses 876 889 640 490 317 205 138 98 75 50 46 51 8 11 6 3 2 3 Production taxes 107 284 216 176 208 104 78 30 33 25 13 8 2 4 2 1 2 — General and administrative expenses 349 377 243 139 64 37 24 18 15 13 13 20 6 9 5 4 3 3 Midstream and service operations expenses 2,498 3,648 2,063 1,590 1,358 755 410 166 144 152 72 119 58 75 33 8 5 4 Depreciation, depletion and amortization 1,615 2,144 1,988 1,462 945 611 386 235 182 109 103 155 63 107 54 27 10 5 Impairments and other 11,202 2,830 — 55 — 5 6 — — — — 881 110 236 — — — 1 Total operating costs 16,647 10,172 5,150 3,912 2,892 1,717 1,042 547 449 349 247 1,234 247 442 100 43 22 16 Income (loss) from operations (8,945) 1,457 2,650 3,414 1,773 992 675 192 520 279 108 (856) (93) (173) 46 23 7 1 Other income (expense) (28) (11) 15 26 10 5 1 7 3 3 8 4 79 11 4 2 1 1 Interest expense (113) (271 ) (401 ) (316 ) (221 ) (167 ) (154 ) (112 ) (98 ) (86 ) (81 ) (68 ) (18 ) (18 ) (14 ) (7 ) (3 ) (2 ) Miscellaneous gains (losses) (202) (184) 83 117 (70) (25) (21) (20) (63) — — (14) — (7) — — — — Total other income (expense) (343) (466 ) (303 ) (173 ) (281 ) (187 ) (174 ) (125 ) (158 ) (83 ) (73 ) (78 ) 61 (14 ) (10 ) (5 ) (2 ) (1 ) Income (loss) before income taxes and cumulative effect of accounting change (9,288) 991 2,347 3,241 1,492 805 501 67 362 196 35 (934) (32) (187) 36 18 5 — Income tax expense (benefit): Current 4 423 29 5 — — 5 (2) 4 — — — — — — — — — Deferred (3,487) (36) 863 1,242 545 290 185 29 141 (260) 2 — — (4) 13 6 1 — Net income (loss) before cumulative effect of accounting change, net of tax (5,805) 604 1,455 1,994 947 515 311 40 217 456 33 (934) (32) (183) 23 12 4 — Net (income) loss attributable to noncontrolling interest (25) — — — — — — — — — — — — — — — — — Cumulative effect of accounting change, net of tax — — — — — — 2 — — — — — — — — — — — Net IIncomencome (loss)(loss) $ ((5,8305,830) $ 604604 $ 11,455,455 $ 1,994 $ 949477 $ 515 $ 313133 $ 40 $ 217 $ 456 $ 33 $ ((934934) $ ((3232) $ ((183183) $ 23 $ 12 $ 4 — Preferred stock dividends (23) (33 ) (94 ) (89 ) (42 ) (40 ) (22 ) (10 ) (2 ) (9 ) (16 ) (12 ) — — — — — (1 ) Gain (loss) on redemption of preferred stock — (67) (128) (10) (26) (36) — — — 7 — — — — — — — — Net iincomencome (loss)(loss) availableavailable toto commoncommon stockholdersstockholders $ (5(5,853,853) $ 504504 $ 11,233,233 $ 11,895,895 $ 878799 $ 434399 $ 291 $ 30 $ 215 $ 454 $ 17 $ ((946946) $ ((3232) $ ((183183) $ 23 $ 12 $ 4 $ (1) Earnings per common share – basic: Income (loss) before cumulative effect of accounting change $ (9.57) $ 0.94 $ 2.70 $ 4.76 $ 2.73 $ 1.73 $ 1.36 $ 0.18 $ 1.33 $ 3.52 $ 0.17 $ (9.97) $ (0.45) $ (2.79) $ 0.43 $ 0.22 $ 0.08 $ (0.02) Cumulative effect of accounting change — — — — — — 0.02 — — — — — — — — — — — EP EPSS – basibasicc $ (9.5(9.577) $ 0.94 $ 2.2.7070 $ 44.76.76 $ 2.2.7373 $ 11.73.73 $ 11.38.38 $ 0.0.1818 $ 11.33.33 $ 3.52 $ 0.0.1717 $ (9.9(9.977) $ (0.4(0.455) $ (2.79) $ 0.0.4343 $ 0.22 $ 0.08 $ (0.02) Earnings per common share – assuming dilution: Income (loss) before cumulative effect of accounting change $ (9.57 ) $ 0.93 $ 2.63 $ 4.33 $ 2.51 $ 1.53 $ 1.20 $ 0.17 $ 1.25 $ 3.01 $ 0.16 $ (9.97) $ (0.45) $ (2.79) $ 0.40 $ 0.21 $ 0.08 $ (0.02 ) Cumulative effect of accounting change — — — — — — 0.01 — — — — — — — — — — — EPSEPS – assumingassuming dildilutionution $ ((9.579.57) $ 0.93 $ 2.63 $ 44.33.33 $ 2.52.511 $ 11.53.53 $ 11.21.21 $ 0.0.1717 $ 11.25.25 $ 3.01 $ 0.0.1616 $ ((9.979.97) $ ((0.450.45) $ ((2.792.79) $ 0.0.4040 $ 0.21 $ 0.08 $ ((0.020.02) Cash provided by (used in) operating activities (GAAP) $ 4,356 $ 5,357 $ 4,974 $ 4,843 $ 2,407 $ 1,432 $ 939 $ 429 $ 478 $ 315 $ 145 $ 95 $ 139 $ 84 $ 121 $ 55 $ 19 $ (1 ) OperatingOperating cash fflowlow (non-GAAP) * $ 4,4,333333 $ 5,5,299299 $ 4,4,675675 $ 4,4,040040 $ 22,426,426 $ 1,41,40303 $ 897 $ 440909 $ 444433 $ 306 $ 113939 $ 111188 $ 68 $ 116161 $ 88 $ 4466 $ 1616 $ 4 Balance Sheet Data (at end of period) TotalTotal assetsassets $ 2929,914,914 $ 3838,593,593 $ 3030,764,764 $ 224,4134,413 $ 116,1146,114 $ 8,2458,245 $ 4,5724,572 $ 22,876,876 $ 22,287,287 $ 1,441,4400 $ 851 $ 881313 $ 953 $ 994949 $ 557272 $ 227777 $ 126126 $ 7979 Long-term debt, net of current maturities 12,295 13,175 10,178 7,187 5,286 3,075 2,058 1,651 1,329 945 964 919 509 509 268 146 48 14 TotalTotal equityequity ((deficit)deficit) $ 12,341 $ 17,017 $ 12,6212,6244 $ 11,366 $ 6,296,2999 $ 3,163,1633 $ 1,731,7333 $ 909088 $ 767 $ 313 $ ((218218) $ ((249249) $ 282800 $ 282877 $ 171788 $ 45 $ 3131 $ 31 Other Operating and Financial Data ProvedProved reservesreserves in nnaturalatural gagass eequivalentsquivalents (bcfe)(bcfe) 14,25414,254 12,05 12,0511 1 10,8790,879 8,956 7 7,521,521 4 4,902,902 3,16 3,1699 2 2,205,205 1,780 1,355 1 1,206,206 1 1,091,091 4 44848 40 4033 425425 243 142 137 FutureFuture net natural gasgas andand oil reverevenuesnues discountediscountedd atat 10%10% ** $ 99,449,449 $ 15,15,601601 $ 2020,573,573 $ 113,6473,647 $ 2222,934,934 $ 110,5040,504 $ 7,7,333333 $ 33,718,718 $ 1,1,647647 $ 66,046,046 $ 1,1,089089 $ 666611 $ 446767 $ 443737 $ 547547 $ 188188 $ 141 $ 141422 Natural gas price used in reserve report (per mcf) $ 3.13 $ 5.12 $ 6.19 $ 5.41 $ 8.76 $ 5.65 $ 5.68 $ 4.28 $ 2.51 $ 10.12 $ 2.25 $ 1.68 $ 2.29 $ 2.12 $ 2.41 $ 1.60 $ 1.98 $ 2.43 Oil price used in reserve report (per bbl) $ 56.72 $ 41.60 $ 90.58 $ 56.25 $ 56.41 $ 39.91 $ 30.22 $ 30.18 $ 18.82 $ 26.41 $ 24.72 $ 10.48 $ 17.62 $ 18.38 $ 20.90 $ 17.41 $ 18.27 $ 18.71 Natural gas production (bcf) 835 775 655 526 422 322 240 161 144 116 109 94 27 62 52 25 7 3 Oil production (mmbbl) 11.8 11.2 9.9 8.7 7.7 6.8 4.7 3.5 2.9 3.1 4.1 6.0 1.9 2.8 1.4 1.1 0.5 0.3 ProductionProduction ((bcfe)bcfe) 906906 843 714 5 57878 4 46969 3 36363 2 26868 181181 161161 134134 133133 130130 38 79 6 600 32 1 100 4 Sales price per mcfe *** $ 6.22 $ 8.38 $ 8.40 $ 8.86 $ 6.90 $ 5.23 $ 4.79 $ 3.61 $ 4.56 $ 3.50 $ 2.10 $ 1.97 $ 2.49 $ 2.45 $ 1.84 $ 1.78 $ 2.21 $ 2.68 Production expense per mcfe $ 0.97 $ 1.05 $ 0.90 $ 0.85 $ 0.68 $ 0.56 $ 0.51 $ 0.54 $ 0.47 $ 0.37 $ 0.35 $ 0.39 $ 0.20 $ 0.15 $ 0.11 $ 0.11 $ 0.21 $ 0.67 Production taxes per mcfe $ 0.12 $ 0.34 $ 0.30 $ 0.31 $ 0.44 $ 0.29 $ 0.29 $ 0.17 $ 0.20 $ 0.19 $ 0.10 $ 0.06 $ 0.07 $ 0.05 $ 0.03 $ 0.03 $ 0.15 — General and administrative expense per mcfe $ 0.38 $ 0.45 $ 0.34 $ 0.24 $ 0.14 $ 0.10 $ 0.09 $ 0.10 $ 0.09 $ 0.10 $ 0.10 $ 0.15 $ 0.15 $ 0.11 $ 0.08 $ 0.11 $ 0.31 $ 0.84 Depreciation, depletion and amortization expense per mcfe $ 1.78 $ 2.55 $ 2.78 $ 2.53 $ 2.02 $ 1.69 $ 1.44 $ 1.30 $ 1.12 $ 0.81 $ 0.77 $ 1.19 $ 1.63 $ 1.36 $ 0.90 $ 0.85 $ 0.99 $ 1.09 Number of employees (full-time at end of period) 8,152 7,649 6,219 4,883 2,885 1,718 1,192 866 677 462 424 481 360 362 344 325 250 150 Cash dividends declared per common share $ 0.30 $ 0.2925 $ 0.2625 $ 0.23 $ 0.195 $ 0.17 $ 0.135 $ 0.06 — — — $ 0.04 $ 0.04 $ 0.02 — — — — StockStock priceprice (at(at endend of periodperiod – ssplitplit adjusted)adjusted) $ 25.88 $ 116.176.17 $ 39.20 $ 29.05 $ 331.731.73 $ 116.506.50 $ 113.583.58 $ 7.74 $ 6.61 $ 110.120.12 $ 2.38 $ 0.90.944 $ 77.50.50 $ 9.89.811 $ 29.52 $ 5.645.64 $ 0.85 $ 1.181.18 * See page 13 for deﬁnition of this non-GAAP measure. ** PV-10 is the present value (10% discount rate) of estimated future gross revenues to be generated from the production of proved reserves, net of production and future development costs, using assumed prices and costs. Please see page 129 of our Form 10-K for information on the standardized measure of discounted future net cash ﬂows. *** Excludes unrealized gains (losses) on natural gas and oil hedging.

1 CHESAPEAKE ENERGY CORPORATION FINANCIAL REVIEW 2 LETTER TO SHAREHOLDERS

Dear Fellow Shareholders, Marking the 20th anniversary since our founding, 2009 was a very successful year for Chesapeake, even though average natural gas prices fell 56% in 2009 compared to 2008: Average daily natural gas and oil production increased 8% from 2.3 billion cubic feet of natural gas equivalent (bcfe) in 2008 to 2.5 bcfe in 2009; Aubrey K. McClendon, Proved natural gas and oil reserves increased Co-Founder, Chairman 18% in 2009, from 12.1 trillion cubic feet of and Chief Executive Officer natural gas equivalent (tcfe) to 14.3 tcfe; Reserve replacement for the year reached 343% at a drilling and net acquisition cost of only $0.74 per thousand cubic feet of natural gas equivalent (mcfe)(1); Cash hedging gains were $2.3 billion; Our stock price increased 60% in 2009, from $16.17 to $25.88; Revenues totaled $7.7 billion; Adjusted ebitda(2) was $4.4 billion; Operating cash ﬂow(2) totaled $4.3 billion; and Adjusted earnings per fully diluted share(2) were $2.55.

THE PAST AS PROLOGUE In May 1989, I co-founded Chesapeake to take advantage of a newly developed technology called horizontal drilling. At the time, my business partner Tom Ward and I were two self-employed landmen working together to develop prospects for other companies to drill. These prospects were located in southern Oklahoma and in South Texas where we as- sembled large land positions that were underlain by fractured carbonates — reservoirs which were not at the time considered economic to develop using conventional vertical drilling technologies. Convinced the conventional wisdom about these formations was wrong, we started developing the prospects ourselves using horizontal drilling. We didn’t know it then, but those prospects today would be called unconventional reservoirs (so-called HAYNESVILLE SHALE DRILLING RIG Shreveport, Louisiana because they are generally nonproductive without

4 CHESAPEAKE ENERGY CORPORATION the implementation of advanced horizontal drilling significance of the play until early 2004. We then and fracture stimulation technologies). To us, it was made our first two property acquisitions in Johnson simply a very logical way to combine a new technol- County and set our sights on what we called the ogy with our land acquisition skills to crack the code “doughnut hole” — Tarrant County, the home of Fort for economically developing large scale projects that Worth and more than 60 other municipalities. could be company-makers. Most in the industry knew Tarrant County lay Ironically, that is precisely what Chesapeake does above the best Barnett rock in the entire play. today — uses its cutting-edge technological capa- What was unclear was how to develop it beneath bilities and industry-leading land acquisition skills a metropolitan area of almost two million people. to develop new unconventional reservoirs that have After analyzing the challenges and opportuni- recently become some of the largest, most active and ties of urban and suburban drilling, we concluded most highly valued natural gas development projects that while most of our competitors would not want in the world. to deal with these complexities, Chesapeake’s While I am proud of our humble beginnings, I am operational and land acquisition skills would be also proud that during its 20-year existence, Chesa- especially well suited for successful urban develop- Hard work, high-tech drilling peake has built an unparalleled asset portfolio, an ment in the Barnett. rigs and gas-laden shale pro- industry-leading technological position and a deep Consequently, in 2005 we began leasing in earnest vide a formula for success. sense of environmental stewardship to become the in Tarrant County, and today we own approximately Employees of Nomac Drilling, nation’s second-largest natural gas producer, most 200,000 leases, on which we estimate we could drill a Chesapeake subsidiary, operate the largest rig fleet in active driller of new wells and most vocal proponent up to 2,400 future net wells in addition to our 1,100 net the exploration and produc- of natural gas as the best way to fuel America’s clean wells currently producing. tion industry as they drill for energy future. Our most exciting development in the Barnett natural gas in America’s Big 6 Shale during 2009 was the signing of our fourth natu- shale plays. OUR POWERFUL ASSETS ral gas shale joint venture agreement. What will drive Chesapeake’s strong growth in the This agreement closed in January 2010 future? It will be our industry-leading position in the and involved Chesapeake selling 25% of “Big 6” major natural gas shale plays in the U.S. — the its assets in the Barnett to Paris-based Barnett, Fayetteville, Haynesville, Marcellus, Bossier Total, S.A., the world’s fifth-largest and Eagle Ford shales — plus our emerging unconven- oil company. Total paid $2.25 bil- tional oil plays. The Big 6 shale plays form the founda- lion in cash and drilling carries for its tion of the American natural gas shale revolution and 25% stake in the Barnett and we are they will create substantial value for Chesapeake’s extremely proud to welcome Total as shareholders for decades to come. And because those one of our four highly valued joint ven- key shale plays are dominated by only 15 or so public ture partners. companies, we believe this group of shale pioneers will emerge as the industry’s biggest winners in the years ahead. Chesapeake’s Top 2 position in five of the Big 6 shale plays (with no other company having more than one Top 2 position) should ensure that Chesapeake will emerge as the biggest winner of all from the Big 6 shale land rush.

BARNETT SHALE Discovered in the 1990s, the Barnett is the granddaddy of all shale plays. Chesapeake acquired its ﬁrst assets in the Barnett in 2001, but did not fully appreciate the potential

LETTER TO SHAREHOLDERS 5 FAYETTEVILLE SHALE play of which we are most proud because it was The Fayetteville Shale of central Arkansas emerged discovered by Chesapeake’s own geoscientists and as the second important U.S. shale play in early 2005. engineers. We began our geoscientific investigation Chesapeake had already developed a presence in the of the Haynesville in 2005–06 and tested our theo- Woodford Shale of southeastern Oklahoma in 2004, ries through drilling in 2007. In 2008, we formed an so when we learned in 2005 of initial success in the innovative joint venture with our well-respected Fayetteville, we aggressively jumped into Arkansas, industry partner, Houston-based Plains Exploration & Production Company, to which we sold 20% of The Haynesville Shale in Northwest Louisiana and East Texas our Haynesville assets for $3.2 billion in cash and drilling carries. is the shale play of which we are most proud because it was The Haynesville Shale is now the nation’s second- discovered by Chesapeake’s own geoscientists and engineers. largest producing shale play. It is so large (more than twice the size of the Barnett core area) and so over- pressured (holding more gas in place per square mile acquiring approximately 550,000 net acres of prime than the Barnett) that we believe it will likely surpass Fayetteville acreage by mid-year 2008. Our drill- the Barnett by 2014 to become the largest natural GRANITE WASH ing success came quickly in the Fayetteville as our gas producing field in the U.S. Ultimate recoveries High-volume natural gas with knowledge of shale development from the Barnett from the Haynesville could exceed 250 tcfe, making it a bonus of oil and natural gas and Woodford plays helped establish Chesapeake as potentially one of the five largest natural gas fields in liquids give the Granite Wash the second-largest player in the Fayetteville. the world. Today, we are producing from more than outstanding returns. A key to Chesapeake’s Fayetteville success has 200 net wells in the Haynesville on our 520,000 net BARNETT SHALE The massive Barnett in north- been our September 2008 joint venture with London- leasehold acres and estimate we could drill up to central Texas is the granddaddy based BP, the world’s second-largest oil company. 6,500 additional net wells in the years ahead. of all natural gas shale plays. In this joint venture, we sold 25% of our FAYETTEVILLE SHALE assets in the Fayetteville to BP for $1.9 Scenic central Arkansas billion in cash and drilling carries. To- is home to the prolific Fayetteville Shale. day, we are producing from more than MARCELLUS SHALE 500 net wells in the Fayetteville on our Deep beneath northern 460,000 net acres and estimate we could Appalachia, Marcellus Shale drill up to 5,200 additional net wells in natural gas will revitalize the years ahead. the region. HAYNESVILLE SHALE Chesapeake’s discovery of the HAYNESVILLE SHALE Haynesville makes the play’s The Haynesville Shale in Northwest success even sweeter. Louisiana and East Texas is the shale GRANITE WASH

BARNETT SHALE FAYETTEVILLE SHALE MARCELLUS SHALE

6 CHESAPEAKE ENERGY CORPORATION INDUSTRY-LEADING POSITIONS IN THE BIG 6 SHALE PLAYS PLUS EMERGING UNCONVENTIONAL OIL PLAYS

BARNETT SHALE — North-Central Texas • Largest natural gas producing field in the U.S. • Chesapeake is the second-largest producer, most active driller and largest leasehold owner in the Core and Tier 1 sweet spots of Tarrant and Johnson counties • 2009 total net production of 240 bcfe • Proved reserves of 3,430 bcfe on 290,000 net leasehold acres FAYETTEVILLE SHALE — Central Arkansas • Third-largest producing shale play in the U.S. • Chesapeake is the second-largest producer • 2009 total net production of 90 bcfe • Proved reserves of 2,170 bcfe on 460,000 net leasehold acres HAYNESVILLE/ BOSSIER SHALE — Northwest Louisiana and East Texas • Second-largest producing shale play in the U.S. • Chesapeake is largest leasehold owner, largest producer and most active driller • 2009 total net production of 85 bcfe • Proved reserves of 1,830 bcfe on 520,000 net leasehold acres MARCELLUS SHALE — West Virginia through Northern Pennsylvania and into Southern New York • Projected to become the largest natural gas field in the U.S. • Chesapeake is the largest leasehold owner and most active driller • 2009 total net production of 15 bcfe • Proved reserves of 260 bcfe on 1.6 million net leasehold acres EAGLE FORD SHALE — South Texas • Newly emerging play • Cornerstone of Chesapeake’s plan to rapidly increase its oil and natural gas liquids production • Rapidly increasing leasehold position, from 80,000 net acres at year-end 2009 to 300,000 net acres today GREATER GRANITE WASH — Western Oklahoma and Texas Panhandle • Combines high-volume natural gas with significant oil and natural gas liquids and generates the highest rates of return in the company • Chesapeake is the largest leasehold owner, largest producer and most active driller • 2009 total net production of 70 bcfe • Proved reserves of 1,090 bcfe on 190,000 net leasehold acres

HAYNESVILLE SHALE Assets

LETTER TO SHAREHOLDERS 7 MARCELLUS SHALE European energy companies. In this transaction, we We first became aware of the Marcellus in 2005 when sold Statoil 32.5% of our Marcellus assets for $3.375 we were negotiating our $2.2 billion acquisition of billion in cash and drilling carries. In addition, we Appalachia’s second-largest natural gas producer, have joined with Statoil in the search for other shale Columbia Natural Resources, LLC (CNR). Although CNR plays around the world in a 50/50 partnership. We was not actively developing the Marcellus at the are excited by the opportunity to extend our natural time of our acquisition, Chesapeake’s geoscientists gas shale expertise from the U.S. to other parts of the recognized that CNR’s industry-leading leasehold world through our Statoil joint venture. Today, we position in Appalachia would overlay a signifi- are producing from more than 150 net wells in the cant portion of the Marcellus in northwestern West Marcellus on our 1.6 million net acres and estimate Virginia and southern New York (CNR had unfor- we could drill up to 20,000 additional net wells in TECHNOLOGY tunately previously sold its Pennsylvania assets). the years ahead. Associate Geologist Emiko In 2007, we aggressively accelerated our Marcellus Bogard takes a closer look leasehold acquisition efforts in Pennsylvania and BOSSIER SHALE at the microscopic qualities began to prepare for our first drilling activities. By The Bossier Shale is one of the two new shale of shale. HORIZONTAL DRILLING early 2008, we had determined the Marcellus could plays that expanded our “Big 4” shale plays Chesapeake’s expertise in be prospective over an area of approximately 15 mil- from 2008 into the “Big 6” of 2009. The Bossi- horizontal drilling has been lion net acres (approximately five times larger than er overlays a portion of the Haynesville Shale a key factor in its success. the prospective Haynesville core area and 10 times and is perhaps the “sleeper” of the Big 6 shale CORE ANALYSIS larger than the Barnett core area). plays. The reason is that in Louisiana, leases Scientists in the company’s Reservoir Technology Center After acquiring 1.8 million net acres, we entered often restrict the lessee (i.e., the producer) to only study core samples to unlock into a joint venture in late 2008 with Oslo, Norway- holding future drilling rights down through the the secrets of shale gas. based Statoil, one of the largest and most respected deepest formation drilled. Because the Bossier

HORIZONTAL DRILLING

Technology CORE ANALYSIS

8 CHESAPEAKE ENERGY CORPORATION lies above the Haynesville, horizontal wells drilled prices more than 3.5 times higher today than natural just to the Bossier may not always hold Haynesville gas prices on an energy equivalent basis, it makes rights. Therefore, Chesapeake and other producers powerful economic sense to increase our efforts are drilling aggressively to hold all rights through toward finding, leasing and developing large scale the Haynesville before the typical three-year-term unconventional oil projects using the skills we have initial leases expire, so not much Bossier drilling is yet developed in unconventional natural gas projects. underway. However, once our leases are HBP (held This challenge is especially difficult because oil by production) by Haynesville drilling, we will begin molecules and wet natural gas molecules are larger developing the Bossier Shale more aggressively in than dry natural gas molecules and therefore much 2013. In the Bossier play, we own 180,000 net acres on more difficult to produce from ultra-tight unconven- which we estimate we could drill up to 2,250 net wells tional reservoirs. in the years ahead. In addition to further developing our Big 6 natural gas shale EAGLE FORD SHALE The Eagle Ford Shale of South Texas was the second plays, another important goal of the company in 2010 is to addition to our Big 6 inventory in 2009. The Eagle find more oil. Ford is different from the other Big 6 shale plays because it has three distinct elements: a dry gas play, We kicked off this “gas to oil” initiative two an oil play and a wet gas play. Chesapeake has acquired years ago, and to date, have already had initial approximately 300,000 net acres to date, all of which success in 10 new oil plays. We also are working on are in the oil and wet gas portions of the play. Given additional oil play concepts. If these plays and con- that oil and natural gas liquids are valued much more cepts prove commercial on a large scale, then we be- highly than natural gas, we are focusing all of our Eagle lieve Chesapeake owns more than four billion barrels Ford leasing efforts in the oil and wet gas portions of of unrecognized oil resources that will substantially the play. Our first three wells have been successful, and increase the company’s value as they are developed. we expect to accelerate our drilling in the Eagle Ford in Because early drilling results need to remain con- 2010 and beyond. Our leasehold position could support fidential as we acquire more leasehold in these new the drilling of up to 2,000 additional net wells. oil plays, we are being guarded with our oil drilling results disclosures. As 2010 progresses, however, we LOOKING FOR MORE OIL look forward to revealing more about the potential 3-D SEISMIC This rap- In addition to further developing our Big 6 natural of Chesapeake’s oil upside. I believe these oil dis- idly advancing technology has been critical in enabling gas shale plays, another important goal of the com- coveries could prove to be the most significant value Chesapeake’s geoscientists pany in 2010 is to find more oil. Oil comprised only creation uplift for the company since our gas shale to steer our horizontal wells 8% of Chesapeake’s 2009 production, and with oil discoveries of the past few years. into the best shale rock.

INNOVATIVE TECHNOLOGY AND SHARED KNOWLEDGE In the natural gas exploration and production business, success is predicated on knowledge: knowing where to drill, how to complete and how to transfer the expertise gained in one play to the next. Using 3-D seismic, Chesapeake’s geoscientists and reservoir engineers study the geologic structures of plays and potential drillsites. They also collaborate with world class petrophysicists in our unique Reservoir Technology Center to analyze core samples and evaluate the most effective completion techniques to maximize recovery of each well. Chesapeake is among the few industry participants with an internal technology group that works with engineering, unconventional, petrophysical, reservoir and asset management teams to leverage the experience and knowledge gained in one big play to the next — optimizing and improving performance in every area in which we operate. 3-D SEISMIC

LETTER TO SHAREHOLDERS 9 GRANITE WASH PLAYS returns of 100–150% and generally reach payout in less The Colony and Texas Panhandle Granite Wash plays than a year. provide insight into what could happen if Chesa- We are already producing from approximately 100 peake is successful in finding new unconventional net Granite Wash wells and estimate we could drill oil plays. As good as the per-well Big 6 gas shale up to 1,200 additional net wells on our 190,000 net economics are, the economics are even better in the acres of leasehold in the years ahead. Based on current NYMEX futures prices for natural gas and oil, each Granite Wash well should generate approximately We are already producing from approximately 100 net Granite $8–11 million of present value per well (or $10–13 bil- Wash wells and estimate we could drill up to 1,200 additional net lion for all 1,200 wells), making it obvious that finding, wells on our 190,000 net acres of leasehold in the years ahead. leasing and developing more oil plays with Granite Wash-type returns will be Chesapeake’s number one priority for 2010. Colony Wash and Texas Panhandle Granite Wash plays because they possess the best of both worlds: high- OUR PEOPLE volume natural gas production as in the Big 6 gas shale Great assets would not and cannot exist with- plays, along with significant volumes of oil and natu- out great people, so we take great pride in hiring, CLEAN The growing number of natural gas- ral gas liquids that dramatically increase investment training, motivating, rewarding and retaining great powered electrical generation returns. For example, while our per-well economics for people. From our beginning 20 years ago with 10 plants is testimony to their Big 6 shale wells generally provide returns of 20–60%, employees in Oklahoma to employing 8,600 people environmental and economic wells drilled in these two Granite Wash plays provide in 16 states today, Chesapeake has always focused on advantages. AFFORDABLE Consumers filling their tanks with com- ANGA: A NEW NATIONAL VOICE FOR NATURAL GAS pressed natural gas (CNG) often save 50% over the cost In March 2009, Chesapeake joined with a group of the nation’s leading independent of gasoline. producers to create one dynamic voice for increasing demand for American natural gas. ABUNDANT Natural gas The mission of America’s Natural Gas Alliance (ANGA) is to increase understanding and pipelines transport Ameri- appreciation for the environmental, economic and national security benefits of clean, abun- ca into the “Age of Natural dant, dependable and cost-efficient American natural gas. Its 34 members represent more Gas” with almost a 200-year than 40% of the total U.S. natural gas supply, producing about nine trillion cubic feet per year. supply. Chesapeake has long been a champion for natural gas. We are proud to be a founding AMERICAN Workers like Aaron Harris, Nomac member of ANGA and share its core belief that America’s clean energy future Derrickman, help supply ap- will increasingly be fueled by the enormous domestic natural gas resources now proximately 90% of America’s available to generate electricity, power industry, provide energy for heating and natural gas needs from domes- cooking, and offer a cleaner, more affordable fuel for transportation vehicles. tic sources. For more information, please visit www.anga.us. CLEAN

AFFORDABLE ABUNDANT AMERICAN

10 CHESAPEAKE ENERGY CORPORATION building a first class human resource team within a From our beginning 20 years ago with 10 employees in Oklahoma distinctive corporate culture. Talk to Chesapeake employees and you will sense genuine pride and great to employing 8,600 people in 16 states today, Chesapeake has enthusiasm about the company and the vital role we always focused on building a first class human resource team play in delivering our high-quality product to con- within a distinctive corporate culture. sumers across the country. Chesapeake employees are distinctive in other ways as well. They are much younger than the in- Best Companies to Work For ®(3). In addition, we were dustry average, with 50% of our 3,300 Oklahoma honored in December 2009 at the 11th Annual Platts City-based headquarters employees 34 years old Global Energy Awards as the Energy Producer of or younger. Their enthusiasm and willingness to the Year. We also received the Industry Leadership learn create an atmosphere of vitality and energy Award and were a finalist for CEO of the Year, Deal of at Chesapeake, important ingredients of our unique the Year and Community Development Program of culture. These attributes, along with a very attrac- the Year. Chesapeake was one of only two compa- tive corporate headquarters campus, low levels of nies to receive multiple awards this year and one of bureaucracy and a well-executed corporate strat- only three companies selected as a finalist in five or egy, have combined to create our culture of success more categories. This was the second time in three Chesapeake is proud to be and innovation. years that Platts has named Chesapeake Producer of the nation’s second-largest producer of natural gas This has generated extremely positive external the Year. Chesapeake was also recognized in 2009 — and the most vocal propo- feedback as Chesapeake was recently recognized for with Oil and Gas Investor magazine’s Best Corporate nent for natural gas Fueling the third consecutive year as one of the FORTUNE 100 Citizen Award. America’s Future.

Natural Gas

LETTER TO SHAREHOLDERS 11 CHESAPEAKE IS COMMITTED TO SAFE, EFFECTIVE HYDRAULIC FRACTURING Hydraulic fracture stimulation, commonly known as fracing, is a proven completion technique essential to the recovery of natural gas from deep shale formations. More than one million fracture stimulation treatments have been performed in the U.S. since 1949. During this process, fluids are pumped at high pressures down the wellbore to create small fissures, or fractures. These fractures are propped open by sand to allow natural gas to flow into the wellbore. Chesapeake’s fracturing fluids are more than 99% water and sand, along with a small amount of special purpose additives. The same additives can be found in a number of household products such as cosmetics, laundry detergents, pool treatment fluids and food. On average, Chesapeake’s fracing operations occur more than 1.5 miles below the surface and are separated from shallow groundwater formations by thousands of feet of impenetrable rock. In addition, multiple layers of steel casing and cement surround the wellbore creating further layers of protection. In 2009 the Ground Water Protection Council issued a report stating that the chances of fracing operations impacting groundwater aquifers were as low as one in 200 million. For more information, please visit www.hydraulicfracturing.com.

Environment

12 CHESAPEAKE ENERGY CORPORATION FUELING AMERICA’S CLEAN ENERGY natural gas shale plays now more fully understood, (1) Reserve replacement is calculated by dividing net reserve additions FUTURE it should become increasingly clear that the U.S. has a from all sources by actual production for the corresponding period. We Because of a series of insights into the future, fol- huge competitive advantage in the world. calculate drilling and net acquisition lowed by good decisions and hard work, Chesapeake On the economic front, U.S. natural gas prices are cost per mcfe by dividing total drilling and net proved property has grown from a small startup company 20 years among the lowest in the industrialized world and are acquisition costs incurred during the year (excludes certain costs ago into an industry leader today. Along the way, we likely to remain so for an extended period because of primarily related to net unproved the discovery of the Big 6 shale natural gas resources. property acquisitions, geological and have built the industry’s highest quality asset base in geophysical costs and deferred taxes the Big 6 natural gas shale plays. These shale plays On the environmental front, the U.S. can regain its related to corporate acquisitions) by total proved reserve additions have dramatically changed how we can solve our leadership in environmental best practices by burn- excluding price-related revisions. (2) A non-GAAP financial measure, as nation’s most important energy and environmental ing more clean natural gas and less dirty coal to make defined below. Please refer to the challenges in the years ahead, while also creating our electricity. And finally, natural gas can enable the Investors section of our website at www.chk.com for reconciliations millions of truly green jobs that pay well and do not U.S. to transition its transportation system away from of non-GAAP financial measures to comparable financial measures need taxpayer or ratepayer subsidies. They also can dangerous and expensive foreign oil to cheaper and calculated in accordance with gener- improve America’s national security by reducing our cleaner American natural gas. ally accepted accounting principles. • Adjusted ebitda is net income dependence on foreign oil. To capture the important advantages the Big 6 (loss) before interest expense, income tax expense (benefit), There has never really been any debate about shale plays can provide, U.S. leaders must recog- and depreciation, depletion and amortization expense, as adjusted whether natural gas is a good fuel — its carbon-light nize the “Age of Natural Gas” has arrived and that it to remove the effects of certain molecular structure guarantees that. The issue has al- will remain with us for decades to come. A better, items that management believes affect the comparability of operat- ways been whether there is enough of it to begin mov- brighter and more prosperous future awaits us if we ing results. • Operating cash flow is cash ing our electrical generation system more aggressively pursue the full potential of natural gas for Fueling provided by operating activities away from dirty coal and whether it is the right time before changes in assets and America’s Future. liabilities. to begin moving our transportation system away from • Adjusted earnings per fully diluted share is net income (loss) per expensive foreign oil. With the enormity of the Big 6 Best regards, share available to Chesapeake common stockholders, assuming dilution, as adjusted to remove the effects of certain items that management believes affect the comparability of operating results. (3) FORTUNE 100 Best Companies to Aubrey K. McClendon Work For® listed in the magazine’s February 8, 2010 issue. Chairman and Chief Executive Officer March 31, 2010 REDUCED FOOTPRINT Two drilling rigs on one superpad help minimize the footprint of operations in the Haynesville Shale. TRAINING Trainees Vincent Sandoval, Jayson Pihajlic and Mark O’Byrne learn to work REDUCED FOOTPRINT safely, efficiently and with respect for the environment at the Nomac Drilling training facility in Searcy, Arkansas. WATER RECYCLING One facet of Chesapeake’s innovative AquaRenew™ program recycles produced water into clean water vapor. LOW EMISSIONS Seth Unruh, EHS Field Repre- sentative, inspects a valve to decrease venting, reduce emissions and increase gas TRAINING WATER RECYCLING LOW EMISSIONS volumes.

LETTER TO SHAREHOLDERS 13 FUELING AMERICA’S FUTURE Aubrey McClendon on the Potential of Natural Gas in the 21st Century

he enormous potential of the 21st cen- Arabia’s 200 billion barrels of oil reserves — but demand for foreign oil to new demand for do- tury’s “Age of Natural Gas” is now fully in America’s natural gas is much cleaner and 70% mestic natural gas, America’s economic future Tview. Vast new reserves of natural gas in cheaper than Saudi oil. In 2009, the U.S. passed would be much stronger and our environmental shale reservoirs deep beneath our country have Russia as the biggest producer of natural gas outlook would be brighter. Natural gas has only been discovered in the past five years. These in the world, but how many Americans real- 50% of the carbon that gasoline has, but more shale reservoirs are now estimated to contain ize this remarkable achievement? Our political importantly, natural gas vehicles emit little to more than two quadrillion cubic feet of natural leadership must begin to acknowledge and no harmful pollutants such as carbon monox- gas, more than doubling America’s previously celebrate this tremendous accomplishment ide (CO), nitrogen oxide (NOx), and toxic volatile estimated natural gas reserves, and giving us and to recognize the strategic and practical organic compounds (VOCs) that gasoline and close to a 200-year supply of clean, affordable, benefits of more aggressively using our enor- diesel consumption currently produce. American natural gas. These unconventional mous new reserves of natural gas. The best way to begin breaking this foreign reservoirs are a remarkable addition to Amer- oil addiction is to endorse the NAT GAS Act (H.R. ica’s bountiful natural resource endowment. NATURAL GAS IS THE BEST 1835 and S. 1408) now pending in Congress. For They are also essential to retaining our SUBSTITUTE FOR FOREIGN OIL details on these bills, please visit www.cngnow. nation’s prosperity. Because of our reli- The U.S. imports approximately 60% of the oil com. These bills would gradually and efficiently ance on dangerous and expensive foreign that we consume — a dangerous addiction introduce clean, American natural gas as the fuel oil to power our cars and trucks and on that costs our country $1 billion per day. This of choice for heavy-, medium- and light-duty dirty coal to produce 50% of our electricity, percentage will likely rise in the years ahead truck fleets in the U.S., replacing diesel refined America’s position of global economic and as oil prices inevitably increase to choke off from expensive foreign oil. environmental leadership for the next cen- demand in the industrialized countries to Once truck fleets have been converted tury is unfortunately in doubt. It need not be. make room for burgeoning oil demand from to natural gas (in the form of liquefied natu- Underneath many parts of the U.S. lies a rapidly developing countries in Asia, the ral gas, or “LNG”) and natural gas refueling buried treasure of natural gas that is quickly Middle East and in South America. This is an pumps have been added to many of our na- becoming the envy of the world — it’s clean, addiction America cannot afford in good eco- tion’s truck stops, we can then begin convert- affordable, abundant, American, and brought nomic times and certainly not in the tough ing passenger cars to natural gas (in the form to you by public independent natural gas pro- economic times the nation is facing today. of compressed natural gas, or “CNG”). This ducers such as Chesapeake. But if our political leadership would awaken conversion process would save American con- Two quadrillion cubic feet of America’s and recognize that this addiction could be sumers billions of dollars because natural gas natural gas represent more energy than Saudi overcome by converting some of the current is 70% cheaper than oil. Americans also would

GRANITE WASH WELL Roberts County, Texas

14 CHESAPEAKE ENERGY CORPORATION enjoy the added benefits of cleaner air and sides constructing new nuclear power plants or $4 per mcf, making it nearly equivalent in cost to water and greater national security. new wind and solar facilities. Nuclear plants are coal, but far cheaper when you factor in the social Speaking of national security, let’s not forget prohibitively expensive and time consuming to and environmental costs from coal pollution. And that the real price of oil is far more than the $85 build. Wind and solar facilities are not economic to say that coal is clean or can be made clean is per barrel that it costs today. When the Ameri- without taxpayer or ratepayer subsidies. They extremely misleading. No scalable, affordable can military’s cost of defending the world’s oil also cannot provide baseload power because technology exists today to make coal clean. It re- shipping lanes and fighting wars in the Middle of the lack of sunshine at night and on cloudy mains an expensive fantasy on a distant horizon. East and nearby areas is considered, some ex- days and because of the unpredictability of the In addition, so-called “clean coal” still re- perts say the true cost of oil to Americans may wind. These alternatives also require the enor- tains 50% of coal’s original carbon, which ironi- be over $200 per barrel. The current practice of mous expense of building unsightly power lines cally would place “clean coal” at a carbon level spending $1 billion per day to import 11 million over long distances. equivalent to natural gas. So why not just use the barrels of oil from foreign countries is simply not sustainable — it’s a dangerous, dirty and expen- Let’s embrace a clean and prosperous energy future through the sive habit that must be curtailed. I drive a converted Chevy Tahoe that runs on substitution of American natural gas for foreign oil and dirty coal. natural gas from my home, and I can assure you The time for action is NOW! it feels great to refuel my vehicle at $1.00 per gallon with a clean fuel that is made in America The only scalable, affordable alternative to reality of clean natural gas today and save hun- and creates American jobs. My goal is to make burning dirty coal is to burn clean natural gas. dreds of billions of dollars and several decades of sure all Americans one day have the opportunity And the best news is that it would be relatively time associated with the daunting challenge of to enjoy that same great feeling. easy to shut down the dirtiest 33% of America’s trying to make coal clean? And remember, the We must demand that our leadership begins coal plants (better known at Chesapeake as the carbon removed from coal to make it “clean” acting now to make the transition to clean, af- “Filthy 100”) and replace their electrical output doesn’t just go away — it has to be disposed of fordable, abundant, American natural gas before with natural gas-fired electricity. That is because somewhere. Right now the “clean coal” plan is oil reaches $150 per barrel (bringing the price of coal plants generally run about 75% of the time to pump more than 100 million gallons of liquid gasoline to $4.50–5.00 per gallon) and we find while natural gas power plants only run about carbon dioxide underneath the ground every ourselves right back in another recession, or per- 25% of the time. The U.S. has enough natural day and hope it stays there. That process is ex- haps even worse, a depression. These are serious gas to ramp up natural gas power plants to run pensive, unproven and is projected to consume issues, and our nation does not have one day to at least 50% of the time so that we can decom- about 30–35% of a typical power plant’s electri- waste in beginning the transition to a transpor- mission the Filthy 100. cal output. No wonder the coal industry favors tation system based on natural gas rather than Doing so would eliminate the following an- the “clean coal” idea so much — it would actu- on expensive foreign oil. nual estimated pollution: 600 million tons of ally increase coal consumption by 30–35%! This carbon dioxide (implicated in global warming insanity must stop! Our country needs to recog- NATURAL GAS IS THE BEST concerns); 700,000 tons of nitrogen oxide (exac- nize that the future should belong to clean, af- SUBSTITUTE FOR DIRTY COAL erbates respiratory and heart diseases); 1.5 mil- fordable, practical energy sources — and natural A recent survey Chesapeake commissioned lion tons of sulfur dioxide (the main ingredient gas is the only ready-to-go, scalable alternative showed that most Americans believe their elec- of acid rain); 19,000 tons of mercury (one of the to dirty coal. tricity comes from coal, nuclear or wind — very deadliest toxins known to mankind, and nonexis- Natural gas provides an affordable, environ- few people know that natural gas provides 22% tent in natural gas); and millions of tons of par- mentally friendly substitute for foreign oil and of America’s electricity. It is critical for Ameri- ticulates (which the American Lung Association dirty coal — while also stimulating America’s cans to realize how their electricity is generated. says kill 24,000 Americans per year). economy and strengthening its energy security. As more Americans take responsibility for the Confronted with these facts, the coal industry Let’s embrace a clean and prosperous energy environmental impact they create through their responds with two claims: first, that natural gas future through the substitution of Ameri- electricity consumption, they need to know is more expensive, and second, that coal can be can natural gas for foreign oil and dirty coal. there are alternatives to burning dirty coal be- made clean. Natural gas today sells for around The time for action is NOW!

FUELING AMERICA’S FUTURE 15 OPERATING AREAS

Chesapeake is the second-largest producer of U.S. natural gas and has built the nation’s largest natural gas resource base with high-quality U.S. shale assets within the Big 6 shale plays: the Barnett, Fayetteville, Haynesville, Marcellus, Bossier and Eagle Ford. Our unique position in these six shale plays, as well as the liquids-rich Granite Wash plays of western Oklahoma and the Texas Panhandle, will provide us competitive advantages for decades to come. No other company in the industry has amassed a leading position in each of the low-cost, low-risk Big 6 shale plays. We own interests in approximately 44,100 producing natural gas and oil wells, and in 2009 we produced 906 bcfe for an average of 2.5 bcfe per day. At year-end 2009, our proved reserves were 14.3 tcfe, of which 95% were natural gas and all of which were onshore in the U.S. We have also captured the nation’s largest inventory of future drilling opportunities on approximately 13 million net acres of total leasehold in the U.S. The map below highlights Chesapeake’s ownership position in our key operating areas. 1 2 3 4 5 6

7 8910

16 CHESAPEAKE ENERGY CORPORATION Skilled crews keep Chesapeake rigs turning to the right every day. Pictured here are Michael Smith and Brandon Winsett, Roughnecks on Nomac rig 12 in the Northern Mid-Continent District.

OPERATING AREAS 19 Granite Wash Chesapeake is the largest leaseholder in the Granite Wash plays with 2009 Total Production: Marcellus Shale Chesapeake is the largest leasehold owner and most active driller in the 2009 Total Production: 1 190,000 net acres. We have generated particularly strong drilling results from our Colony Gran- 70 bcfe, +40%*, 8%** 6 Marcellus Shale play that spans from northern West Virginia across much of Pennsylvania into 15 bcfe, +200%, 2% ite Wash discovery in Washita and Custer counties, Oklahoma, and from the Texas Panhandle 12/31/09 Proved Reserves: southern New York. The Marcellus is located near the highest gas-consuming region of the U.S. and 12/31/09 Proved Reserves: Granite Wash in Hemphill, Wheeler and Roberts counties, Texas, where rates of return in these 1,090 bcfe, +419%*, 8%** therefore receives the best natural gas prices in the U.S. We estimate we could drill up to 20,000 260 bcfe, +550%, 2% plays are the highest in our company. We estimate we could drill up to 1,200 net wells on our net wells on our Marcellus acreage in the future and plan to utilize an average of 31 operated rigs in 12/31/09 Net Leasehold Acres: 12/31/09 Net Leasehold Acres: Granite Wash acreage in the future and plan to utilize an average of 13 operated rigs in 2010 to 2010 to further develop our 1.6 million net acres of Marcellus leasehold. During 2009, approxi- 190,000, +217%*, 1%** 1,620,000, +30%, 12% further develop our Granite Wash leasehold. mately $160 million of Chesapeake’s drilling costs in the Marcellus were paid for by its joint venture partner, Statoil (NYSE:STO, OSE:STL). During 2010 through 2012, 75% of Chesa- peake’s drilling costs (approximately $2.0 billion) in the Marcellus will be paid for by STO. We remain very active in acquiring additional leasehold in the Marcellus and expect that over time, it will become the largest natural gas field in the U.S. and the second largest in the world.

2009 Total Production: Barnett Shale The Barnett Shale in North Texas is currently the largest natural gas produc- Permian and Delaware Basins In the northern portion of the 2009 Total Production: 2 ing field in the U.S. and is producing approximately half of all shale gas in the U.S. In the Barnett, 240 bcfe, +33%, 26% 7 Permian Basin, Chesapeake has focused on discovering and developing various 75 bcfe, -6%, 8% Chesapeake is the second-largest producer of natural gas, the most active driller and the largest lease- 12/31/09 Proved Reserves: shallow- to medium-depth horizontal oil plays and also operates a number of secondary 12/31/09 Proved Reserves: hold owner in the Core and Tier 1 sweet spots of Tarrant and Johnson counties. In January 2010, Chesapeake 3,430 bcfe, +17%, 24% recovery oil projects. We plan to utilize an average of six operated rigs in 2010 to further 740 bcfe, -20%, 5% completed a $2.25 billion Barnett Shale joint venture transaction with Total S.A. (NYSE:TOT, FP:FP) develop our 2.15 million net acres of leasehold in the Permian and Delaware Basins. Our (Total), whereby Total acquired a 25% interest in Chesapeake’s upstream Barnett Shale assets. 12/31/09 Net Leasehold Acres: 12/31/09 Net Leasehold Acres: new horizontal oil projects in this area, including the Avalon Shale and the Bone Spring Total paid Chesapeake approximately $800 million in cash at closing and will pay a further $1.45 bil- 290,000, -6%, 2% 2,150,000, -23%, 16% lion by funding 60% of Chesapeake’s share of drilling and completion expenditures until the $1.45 billion Sand, have the potential to deliver significant upside as we move towards substantially obligation has been funded, which Chesapeake expects to occur by year-end 2012. We anticipate using an increasing our oil production in the years ahead. average of 25 operated rigs in 2010 to further develop our leasehold. On our acreage, we estimate we could drill up to 2,400 net wells in the years to come.

Other Mid-Continent Chesapeake’s Other Mid-Continent area includes operations 2009 Total Production: Eagle Ford Shale As part of a growing emphasis on increasing its oil and natural 2009 Total Production: 3 in Oklahoma, the Texas Panhandle, southwestern Kansas and western Arkansas. In addition 235 bcfe, -23%, 26% 8 gas liquids production, Chesapeake has recently built one of the top five industry leasehold 0 bcfe, NM, NM to various conventional plays in this area, our activities currently focus on the massive Sahara 12/31/09 Proved Reserves: positions in the Eagle Ford Shale play in South Texas. At year-end 2009, the company owned approxi- 12/31/09 Proved Reserves: unconventional natural gas resource project in northwestern Oklahoma, where Chesapeake is by 3,010 bcfe, -29%, 21% mately 80,000 net acres of Eagle Ford leasehold and now has 300,000 net acres. Our focus has 0 bcfe, NM, NM far the dominant operator with nearly 950,000 net leasehold acres. Sahara is a multi-county play been on the oil and wet gas prone portions of the play and we plan to utilize an average of 12/31/09 Net Leasehold Acres: 12/31/09 Net Leasehold Acres: with excellent low-risk, shallow natural gas production and an emerging horizontally drilled four operated rigs in 2010 to further develop our growing Eagle Ford leasehold position. 4,330,000, -9%, 33% 80,000, NM, 1% oil opportunity in the Mississippian formation. In the Anadarko Basin area of the Mid-Con- (300,000 as of 3/31/10) tinent, we are developing multiple horizontal unconventional oil plays, with a significant presence in the emerging Cleveland and Tonkawa tight sand oil plays, in which we are leveraging what we have learned from our horizontal Granite Wash discoveries.

Fayetteville Shale The Fayetteville is currently the third most productive shale play 2009 Total Production: East Texas, Gulf Coast, South Texas and Louisiana In East 2009 Total Production: 4 in the U.S. and one of the nation’s 10 largest natural gas fields of any type. Chesapeake owns 90 bcfe, +64%, 10% 9 Texas, Chesapeake owns significant vertical natural gas production from wells that 65 bcfe, -38%, 7% the industry’s second-largest acreage position in the core area of the Fayetteville Shale play in 12/31/09 Proved Reserves: produce from various tight natural gas sand formations in medium to deep horizons, in- 12/31/09 Proved Reserves: Arkansas, totaling nearly 460,000 net acres. We estimate we could drill up to 5,200 net wells on our 2,170 bcfe, +229%, 15% cluding the Pettet, Travis Peak and Cotton Valley formations. In addition, we are a 560 bcfe, -51%, 4% Fayetteville acreage in the years ahead and plan to utilize an average of 10 operated rigs in 2010 major leasehold owner in the Deep Bossier Sand play. We have established a signif- 12/31/09 Net Leasehold Acres: 12/31/09 Net Leasehold Acres: to further develop our leasehold. During 2009, $600 million of Chesapeake’s drilling costs in the icant presence in a number of counties along the prolific Texas Gulf Coast, where we 460,000, +10%, 4% 610,000, -48%, 5% Fayetteville were paid for by its joint venture partner, BP America (NYSE:BP). During the fourth quar- utilize 3-D seismic data to delineate structural and stratigraphic traps, primarily in the Frio, ter 2009, BP paid Chesapeake the remaining balance of its drilling carry obligations and Chesapeake Yegua and Wilcox formations. This area has been de-emphasized as we move our drilling and BP each then began paying its proportionate working interest costs. away from legacy vertical natural gas drilling to horizontal natural gas and oil drilling in unconventional plays.

Appalachian Basin Often referred to as America’s most drilled but least explored 2009 Total Production: Haynesville/Bossier Shales In early 2008, Chesapeake announced its 2009 Total Production: 5 area, Appalachia presents abundant growth opportunities through the introduction of lead- 30 bcfe, -14%, 3% 10 discovery of the Haynesville Shale, a reservoir that likely will become one of the two 85 bcfe, +183%, 10% ing-edge exploration, drilling and production technologies, in which Chesapeake is a recognized 12/31/09 Proved Reserves: largest natural gas fields in the U.S. (along with the Marcellus) and one of the five largest in the 12/31/09 Proved Reserves: industry leader, into a basin largely ignored by the industry since the 1940s. Our leasehold position, 1,160 bcfe, -24%, 8% world. The Haynesville Shale is now the nation’s second-largest producing shale play. The 1,830 bcfe, +408%, 13% excluding our Marcellus position, includes 1.2 million net acres in the Lower Huron Shale play and Bossier Shale lies above and overlaps much of our Hayneville prospective leasehold. We 12/31/09 Net Leasehold Acres: are the largest leasehold owner and most active driller of new wells in the Haynesville/Bossier 12/31/09 Net Leasehold Acres: an additional 1.7 million net acres in other conventional and unconventional plays in the re- 2,930,000, -7%, 22% shale play, which is located in northwestern Louisiana and East Texas. We estimate we could 520,000, +13%, 4% gion. We have developed multiple deep exploration prospects in Appalachia that we plan to drill up to 8,750 net wells on our Haynesville/Bossier Shale acreage in the future and plan to utilize test once natural gas prices recover to higher levels. an average of 35 operated rigs in 2010 to further develop our 520,000 net leasehold acres of Haynesville/Boss- Note: Figures may not add to company ier Shale. Chesapeake and its 20% joint venture partner, Plains Exploration & Production Company (NYSE:PXP), totals due to rounding in each area. are producing from more than 200 net wells in the Haynesville play and continue to experience outstanding drill- * Compared to last year ing results. PXP paid us approximately $400 million in drilling carries in 2009 and paid $1.1 billion in September 2009 ** % of company total as a result of an amendment to our joint venture agreement that eliminated PXP’s future carry obligations. 17 CHESAPEAKE ENERGY CORPORATION NM Not meaningful OPERATING AREAS 18 Granite Wash Chesapeake is the largest leaseholder in the Granite Wash plays with 2009 Total Production: Marcellus Shale Chesapeake is the largest leasehold owner and most active driller in the 2009 Total Production: 1 190,000 net acres. We have generated particularly strong drilling results from our Colony Gran- 70 bcfe, +40%*, 8%** 6 Marcellus Shale play that spans from northern West Virginia across much of Pennsylvania into 15 bcfe, +200%, 2% ite Wash discovery in Washita and Custer counties, Oklahoma, and from the Texas Panhandle 12/31/09 Proved Reserves: southern New York. The Marcellus is located near the highest gas-consuming region of the U.S. and 12/31/09 Proved Reserves: Granite Wash in Hemphill, Wheeler and Roberts counties, Texas, where rates of return in these 1,090 bcfe, +419%*, 8%** therefore receives the best natural gas prices in the U.S. We estimate we could drill up to 20,000 260 bcfe, +550%, 2% plays are the highest in our company. We estimate we could drill up to 1,200 net wells on our net wells on our Marcellus acreage in the future and plan to utilize an average of 31 operated rigs in 12/31/09 Net Leasehold Acres: 12/31/09 Net Leasehold Acres: Granite Wash acreage in the future and plan to utilize an average of 13 operated rigs in 2010 to 2010 to further develop our 1.6 million net acres of Marcellus leasehold. During 2009, approxi- 190,000, +217%*, 1%** 1,620,000, +30%, 12% further develop our Granite Wash leasehold. mately $160 million of Chesapeake’s drilling costs in the Marcellus were paid for by its joint venture partner, Statoil (NYSE:STO, OSE:STL). During 2010 through 2012, 75% of Chesa- peake’s drilling costs (approximately $2.0 billion) in the Marcellus will be paid for by STO. We remain very active in acquiring additional leasehold in the Marcellus and expect that over time, it will become the largest natural gas field in the U.S. and the second largest in the world.

What is CHK doing to increase its Texas Panhandle and Colony Granite Washes, that we must do our part by providing them percentage of oil and natural gas the Cleveland, Tonkawa and Mississippian plays with the best tools, a motivating environment liquids production? in western Oklahoma and the Bone Spring and and the space to grow and learn. Employees at STEVE DIXON: While the exact timing of Avalon shale plays in the Permian Basin. In each Chesapeake have access to first-class resources, a peak in worldwide oil production remains a of these 10 plays, we have drilled successful wells such as large dual-screen monitor work stations great debate, the vast majority of investors and and established very large leasehold positions. in every office, the safest, most modern trucks, industry professionals would agree that a peak We are now in the process of reallocating capital rigs and equipment in the field. This commit- in worldwide natural gas production is much expenditures from some of our natural gas plays ment inspires our employees to perform to the further away. We believe this is reflected in the and increasing drilling activity in each of these best of their ability. current market price of oil relative to natural gas emerging liquids-rich plays. We pride ourselves on our efforts to be — today, oil is priced more than 3.5 times higher These new plays could enable Chesapeake a great neighbor, employer and corporate than natural gas on an energy equivalent basis. to substantially increase its percentage of pro- citizen. Chesapeake’s campus is a landmark Compared to natural gas, oil is harder to find duction of liquids from 8% in 2009 to perhaps as in Oklahoma City with immaculate landscaped and even more challenging to move through much as 20% over the next few years. If we are grounds, three full-service restaurants, a res- and produce from tight reservoir rocks. One of able to achieve this objective, our percentage of ervoir technology center and an athletic field the few strategic weaknesses of Chesapeake is revenue from liquids production could approach for team sports and individual exercise. The the relatively small percentage of our produc- the 50% balance we are seeking. company’s high work environment standards tion that comes from oil and natural gas liquids extend beyond its corporate headquarters to — that, however, is on the verge of changing. What makes CHK a great place every wellsite, field and subsidiary office. Over the past two years, Chesapeake’s to work? For the third consecutive year, Chesapeake world class unconventional resource teams MARTHA BURGER: There’s not a set formula has been named to FORTUNE magazine’s 100 have been quietly working to develop oil- for creating a great place to work. Instead, it Best Companies to Work For® list. This year the focused projects in the U.S. where our exper- evolves out of a corporate culture which dem- company jumped from #73 to #34. Two-thirds of tise in identifying, analyzing and commercial- onstrates commitment to making and keeping a company’s score is based on an extensive third- izing unconventional natural gas reservoirs its employees happy and motivated. At Chesa- party administered employee survey, which is could be transferred to tight rock oil reservoirs. peake, we work hard to create an environment sent to a random sample of employees. The sur- Innovative horizontal drilling and well comple- where people feel valued, are challenged and vey asks questions related to employee attitudes tion techniques enable our geoscientists and are part of something special. about management’s credibility, job satisfaction engineers to extract oil and natural gas liquids Chesapeake provides a wide array of ben- and corporate culture. We are thrilled again to from pore spaces in rocks that are more than 300 efits to employees. To name a few, we have: be awarded this prestigious honor because it re- times smaller in diameter than a human hair. an on-site health and dental clinic at our head- affirms that our employees believe Chesapeake Our efforts to crack the code on these dif- quarters, a 72,000-square-foot best-in-class is one of the best places to work in America. ficult, but very lucrative, liquids-rich plays have fitness center, stock and bonuses awarded greatly benefited from our state-of-the-art twice a year, a generous 401(k) match of up to Why does CHK monetize assets Reservoir Technology Center (RTC). This unique, 15% of pay, adoption and fertility benefits and and what additional opportunities proprietary core laboratory has enabled us to a flexible work week schedule. are possible? quickly analyze rock properties, model comple- We believe the Chesapeake culture is MARC ROWLAND: Chesapeake has always tion techniques and assess fluid movement unique. It starts from the top and disseminates been a growth company and has amassed an properties in multiple tight rock formations. It throughout the organization. New employees abundance of attractive investment oppor- has also helped Chesapeake minimize resources experience this very quickly during the com- tunities that will keep us growing for years to and capital spent on leasing and drilling pro- pany’s New Employee Orientation program, come. To fully benefit from these opportunities, grams in many plays that are likely to prove which is a half-day session led by our CEO we make substantial capital investments each uneconomic. Aubrey McClendon. Our employees are em- year and work proactively to arrange the most The company has now established a strong powered to make decisions without getting attractive funding alternatives for these invest- leasehold position and made substantial caught up in bureaucracy and are encouraged ments. We reinvest our operating cash flow pri- progress in commercializing 10 liquids-rich plays, to create innovation along the way. marily in our drilling program and in our mid- including the Eagle Ford Shale in South Texas, We expect industry-leading performance stream, compression, drilling and oilfield service the Niobrara and Frontier plays in Wyoming, the and results from employees, and that means subsidiaries. We also make investments for fu-

20 CHESAPEAKE ENERGY CORPORATION DIXON BURGER ROWLAND JACOBSON MOBLEY

ture growth largely in new leasehold in emerg- We believe these joint ventures are also great STEVEN C. DIXON Executive Vice ing plays and to further solidify our leasehold investments for our joint venture partners, who President – Operations and Geosciences position in our existing plays. As part of our pro- benefit from Chesapeake’s expertise in iden- and Chief Operating Officer MARTHA A. BURGER Senior Vice gram to fund our leasehold investments while tifying and leasing prime shale gas assets, our President – Human and Corporate Resources reducing our financial leverage, we periodically industry-leading drilling program that efficiently MARCUS C. ROWLAND Executive Vice sell or monetize non-core assets. Our goal is to converts leasehold to producing assets, our scale President and Chief Financial Officer secure proceeds from asset sales well in excess and purchasing power with service providers DOUGLAS J. JACOBSON Executive of our reinvestment needs in order to provide and our vertically integrated operations. Our Vice President – Acquisitions and Divestitures JEFFREY L. MOBLEY Senior Vice cash for debt reduction. We believe this finan- partners are also able to make substantial low- President – Investor Relations and Research cial strategy will enable Chesapeake to become risk investments over multi-year periods with an investment-grade company. minimal commitment of their own personnel. In just the past two years, we have success- These benefits have enabled Chesapeake to through normal depletion. Chesapeake believes fully monetized $10.7 billion of assets (in which secure premium valuations for its assets though this depletion, combined with reduced drilling our cost basis was only $2.7 billion) by selling joint venture transactions and generate attrac- activity in high-cost, non-shale gas fields will minority joint venture interests in four of our tive returns for Chesapeake’s shareholders. make way for further growth in production shale plays. In addition, we have sold producing from the low-cost shale plays to perhaps as assets through volumetric production payment Will shale gas plays permanently much as 30–40% of total U.S. natural gas transactions and also smaller packages of non- oversupply U.S. natural gas production over the next few years. core assets that did not compete well for capital markets? Will this lead to a permanent oversupply? in our overall investment program. We plan to JEFF MOBLEY: The rise of shale gas plays We don’t believe so. Rather, the market will be pursue similar asset sales in the years ahead, in the U.S. has led to substantial growth in balanced over time through reduced drilling possibly including a joint venture in the Eagle natural gas supplies and much lower natural on marginal, high-cost production, probably in Ford Shale, additional volumetric production gas prices for consumers. More importantly, the range of $6–7 per mcf. The abundance of payments and partial monetization of our mid- this new abundant and affordable resource low-cost shale gas will likely lead to a lower stream and other non-E&P assets. provides consumers with long-term supply ultimate cost of gas supplies to consumers, visibility and reliability to meet market de- but we believe that natural gas prices will be Why have world-class energy mands and dampen price volatility. However, sustained at high enough levels to profitably companies chosen to do joint shale gas only accounts for approximately develop shale gas. ventures with CHK? 15% of total U.S. natural gas production. Chesapeake was early to recognize this DOUG JACOBSON: Chesapeake’s industry- Currently, 85% of U.S. natural gas produc- structural change in the natural gas industry leading position in U.S. shale gas plays has at- tion comes from non-shale plays, the vast and strategically invested to capture the larg- tracted the interest of numerous world class majority of which have substantially higher est leasehold position in the Big 6 shale plays. energy companies, including three European in- finding and development costs than the major This unique position in the industry should tegrated oil companies: London-based BP, Oslo- U.S. shale gas plays. Without new drilling, make Chesapeake one of the greatest ben- based Statoil and Paris-based Total, which have production from virtually all natural gas fields eficiaries of the shale gas revolution and the a combined market capitalization of $400 billion. declines approximately 20% or more per year more stable price of natural gas in the future.

INVESTOR Q&A 21 SOCIAL RESPONSIBILITY

We believe the true success of our company extends beyond our reserve report, income statement and balance sheet to our employees, neighbors, partner communities and the environment.

H.E.L.P. INITIATIVE Roustabout Sean Cook trades his drilling tools for building tools as part of his team’s community service project in Arkansas. DISCOVERING TOMORROW’S LEADERS Katie McCullin, Coordinator – Administration, with an honoree from East Texas. The program recognizes students for leadership and community service. CORPORATE CHALLENGE From track and field events to basketball tournaments, this business-to- business athletic challenge encour- ages health and team building. H.E.L.P. INITIATIVE Blue-shirted H.E.L.P. volunteers take a break after renovating a West Virginia playground.

H.E.L.P. INITIATIVE Arkansas DISCOVERING TOMORROW’S LEADERS Texas

CORPORATE CHALLENGE Oklahoma H.E.L.P. INITIATIVE West Virginia

22 CHESAPEAKE ENERGY CORPORATION MENTORING Oklahoma

MENTORING Reservoir Engineer Brian Bounds mentors a student at Horace Mann Elementary in Oklahoma City. REBUILDING TOGETHER Applications Developer/ Analyst Diane Cloud carries her share of the load in the annual event that repairs homes for the needy. H.E.L.P. INITIATIVE Nick Sentell, Field Technician, helps renovate the home of a 74-year-old woman in Sligo, Louisiana.

REBUILDING TOGETHER Oklahoma H.E.L.P. INITIATIVE Louisiana

SOCIAL RESPONSIBILITY 23 Community Relations

As Chesapeake continues Fueling America’s Future with clean, affordable, abundant American natural gas, we also place a priority on fueling the communities where we live, work and play. In 2009 we gave more than $21 million to charitable organizations and projects across our operating areas, primarily focusing on community development, education, health and medical and social services.

FUELING THE ECONOMY homa River serving as an ofﬁcial U.S. Olympic While most of the country has been experienc- Training site, Oklahoma City is now a strong ing a slow economy, the natural gas industry contender for the upcoming 2012 Olympic

CHESAPEAKE’S $21 MILLION has remained steady and even grown in some canoe/kayak trials. OF CHARITABLE GIVING IN 2009 regions. As the country’s most active driller of new wells, Chesapeake’s presence in an area FUELING THE NEXT GENERATION increases business activity and creates well- Preparing tomorrow’s leaders today is impera- tive to building and sustaining a competitive 21% paying jobs that improve people’s lives and stimulate local economies. work force. In 2009, Chesapeake supported

59% 12% In addition to our activities’ impact on universities, schools, academic chairs, scholar- local economies, the company’s tax con- ships and other educational programs with 8% tributions are substantial: in 2009, Chesa- contributions of $4.5 million. The backbone peake paid more than $730 million in total of a strong country in today’s competitive state and local taxes, including ad valorem, economy is education, and by investing in it Community Development severance, sales and use, employee with- today, we are fueling a brighter future for the Education holding and unemployment, corporate in- next generation. Health and Medical come and franchise taxes. These taxes are More than $1.3 million of the company’s Social Services used for building and maintaining schools, educational contributions helped fund higher recreational facilities, parks and roads — and at education tuition for nearly 400 students. a time when state and local governments are Chesapeake scholarships help recruit the best feeling the pinch of recession. We are proud to and brightest students and provide educational support America’s economy with our growth opportunities in communities where we operate. Painting pumpkins at Fall Fest on the Chesapeake campus in Oklahoma City are while we also help to reduce the country’s de- In Northwest Louisiana, for example, we Associate Help Desk Specialist Branden pendence on expensive foreign oil. provided scholarships to 25 students at five Killingsworth and his daughter Bryelle. The In addition to stimulating the economy, universities and colleges based on need and event, which was open to the community, Chesapeake makes strategic donations to community leadership. To increase diversity raised funds for United Way with carnival help improve lives and local economies in cit- in the energy industry, Chesapeake partnered games and a hay maze. ies where we operate. In 2009 the company with the Fort Valley State University’s (Fort Val- announced a donation of $5 million to build a ley, Georgia) Cooperative Developmental Energy four-story Finish Line Tower in the Boathouse Program (CDEP) to award scholarships to minor- District of downtown Oklahoma City. We led the ity students pursuing geoscience and petroleum way in developing this emerging area of the engineering degrees. Last year, over 50 students city with the completion of the first boathouse benefited from our CDEP contributions. on the Oklahoma River in 2005. Today, there In Texas, Chesapeake established a new are several more boathouses under construc- scholarship program, which will benefit qualified tion, and upon their completion, five state- Johnson County high school graduates through of-the-art boathouses will confirm Oklahoma five annual gifts totaling $125,000, available to City’s international recognition as the nation’s qualifying seniors through 2013. With another premier canoeing, rowing and kayaking foundation matching Chesapeake’s contribu- venue. Recently, USA Canoe/Kayak moved its tions, a total of $250,000 will be available to headquarters to Oklahoma City. With the Okla- support Johnson County scholars.

24 CHESAPEAKE ENERGY CORPORATION We also award scholarships to students but this past summer employees were chal- 10 nonprofit groups ranging from the Okla- pursuing degrees in energy-related fields lenged to complete 20,000 hours of community homa Visual Arts Coalition to Citizens Caring such as geology, engineering, land and law. service in five weeks. Chesapeake also permit- for Children have relocated offices to the space Through the Peak Program in Oklahoma, ju- ted employees to use four hours of company and are now more able to focus on their mis- nior- and senior-level scholarship recipients time to complete this task. From renovating sion rather than worry about how to pay rent. are paired with Chesapeake employee men- playgrounds in West Virginia to building a Habi- Chesapeake partners with other compa- tors who help develop students’ knowledge tat for Humanity house in Texas, employees nies and groups in hundreds of communities and provide career advice. There are currently responded in full force. In just five weeks, Ches- to meet basic needs. One example is in North 30 mentors and 39 scholarship recipients par- apeake employees exceeded the company’s Texas where we partnered with eye care com- ticipating in the Peak Program. These num- goal by 30%, donating 26,134 hours of service panies to provide vision screenings, exams bers are expected to increase in the upcoming to 575 organizations in more than 70 communi- and glasses to children in Tarrant County public years as the program is extended to universities across the country. The hours they worked schools. So far 2,700 students have been test- ties outside Oklahoma. would be comparable to a full-time employee ed with many receiving prescription glasses at University science departments are cen- working 40 hours a week for 13 years! Employ- no cost. ters for research to find the best approaches ees and communities responded with such en- Regardless of the size of our contributions, for meeting society’s energy needs while re- thusiasm that the volunteer push will become Chesapeake and its employees are honored to ducing environmental costs. To further such an annual event. work in local communities and partner with efforts, the company funded $1.5 million to We listen to our communities to ensure nonprofit groups and organizations to make endow two Chesapeake Energy Chairs in the we are providing services they really need. a difference — fueling development and im- field of Climate Studies in the School of Meteo- In addition to the more than $21 million in proving the communities that our employees, rology of the University of Oklahoma College charitable donations given last year, we also royalty owners and contractors all call home. of Atmospheric and Geographic Sciences. For made numerous in-kind donations of the past five years, Chesapeake’s meteorolog- computers, reconditioned Chesapeake ical team in Chicago has provided the company fleet vehicles and subsidized office space. with long-range forecasting that has been very With the slow economy affecting mon- helpful to the success of its natural gas hedg- etary donations, many nonprofit groups ing program. found themselves struggling to meet basic administrative costs with some FUELING OUR COMMUNITIES on the verge of closing. To alleviate this Volunteerism has always been at the core of burden, we opened the Chesapeake the company’s culture. In 2009 as part of Ches- Community Plaza in Oklahoma City, pro- apeake’s 20th anniversary celebration, a com- viding more than 67,000 square feet of pany-wide project was launched through an office space at low monthly rates. To date, employee volunteer program — the H.E.L.P. Initiative (Helping Energize Local Progress). Many employees volunteer year-round,

(Upper right) Production Assistant Julie Miller carries food as part of her team’s volunteer work with Operation Blessing in Cleburne, Texas. (Lower left) Monica Stroman, Compliance Analyst, mentors students at Horace Mann Elementary in Oklahoma City. (Far right) Andrew Sprouse, Senior Applications Developer/ Analyst, is one of more than 200 Chesa- peake volunteers who helped out at last year’s Rebuilding Together workday in Oklahoma City.

SOCIAL RESPONSIBILITY 25 Environmental, Health & Safety

Chesapeake’s commitment to fueling America’s clean energy future is reﬂected in every aspect of what we do — from our corporate dedication to that of our employees and extending to the clean, affordable, abundant American natural gas that we produce every day to improve lives across our country and enhance our nation’s future well-being.

PRODUCING ENVIRONMENTALLY In fact, natural gas is the earth’s cleanest according to the West Virginia Department of FRIENDLY FUEL and most efficient hydrocarbon. Emissions from Environmental Protection (DEP), and has become Chesapeake employees are proud to be Fueling its combustion contain approximately 50% a popular tour stop for the DEP in showing off a America’s Future by exploring for and produc- less carbon dioxide than coal and up to 30% best-practice approach to produced water. ing clean, affordable, abundant American less than oil products. It’s also one of the most “All of Chesapeake’s sites are good, but I natural gas. With almost a 200-year supply efficient supplies for power. On average, 50% of was really impressed with this one,” said Jamie located in the U.S., natural gas can help reduce the natural gas piped into a natural gas power Peterson, West Virginia DEP Environmental the nation’s dependence on foreign oil and dirty plant is converted to electricity, compared to Resource Specialist and Permitting. “It’s a model coal, while creating jobs and revenue to fuel only 33% in coal- and nuclear-fueled power of how an underground injection control facility state and local economies. It also provides an plants. Furthermore, natural gas used for power should be done.” environmentally friendly source of power and generation creates 85% less nitrogen oxides, Serving as a DEP example is not the only a viable transportation alternative to foreign oil. 50% less particulate matter, 97% less sulfur way Chesapeake collaborates with environ- Selling for less than half the cost of a gallon of dioxide and 100% less mercury than a compa- mental organizations. An active member of the gasoline, compressed natural gas (CNG) powers rable modern pulverized coal-fired plant. Environmental Protection Agency’s (EPA) Natural vehicles that are among the greenest trans- Gas Star Program, the company has hosted a portation options on the planet. A recent study PROTECTING THE ENVIRONMENT number of events at its Oklahoma City head- completed on behalf of the California Energy We realize the way a product is produced can quarters, including most recently a Producers Commission concluded that CNG vehicles pro- be as important as the product itself. Protecting Technology Transfer Workshop. In addition, we duce up to 30% less greenhouse gas emissions the beauty and resources of the areas where we work closely with a number of nonprofit and than comparable gasoline vehicles and up to operate is our goal from the day we spud a well government organizations such as the Ameri- 22% less than comparable diesel vehicles. until the day a depleted well is plugged and the can Clean Skies Foundation, The Nature Con- well location restored to its natural state. servancy, the Groundwater Protection Council Dave Gum, Production Foreman, checks fluid The company evaluates every potential drill- and various environmental organizations to level readings at the Elk Valley Disposal in Brax- ton County, West Virginia. With its automated site to identify any possible operational or envi- design and pursue best practices. two-pump filtering and monitoring systems, ronmental issues, ensuring that the best possible We also strive to educate the public and the facility can safely and efficiently work location is selected. This kind of careful planning policymakers about our industry and the envi- year-round. allows Chesapeake to utilize multiwell padsites to ronmental advantages of natural gas. Chesa- drill up to 12 wells on a single location, greatly re- peake is a proud member of the newly formed ducing the impact of the company’s drilling and America’s Natural Gas Alliance (ANGA), which is production activities. Using the latest horizontal comprised of 34 of America’s top independent and directional drilling technology, we are also natural gas producers. We also host regular town able to place wells at a safe distance from homes, hall meetings in our operating areas to meet schools and businesses. with our neighbors and address their questions As an industry leader, Chesapeake merges and concerns about natural gas and environ- experience with state-of-the-art technology to mental issues. We strive to provide clear, accurate create remarkable sites like its Elk Valley Disposal answers about natural gas and its production facility in Braxton County, West Virginia. Designed and consumption on our websites at www. by Dave Gum, Chesapeake’s Production Foreman askchesapeake.com, www.hydraulicfracturing.com for the Victory Prospect in the Marcellus Shale, the and www.cngnow.com. We also feature extensive, facility is one of the most advanced and efficient timely information about our industry and com- produced water disposal facilities in existence, pany on our corporate website at www.chk.com.

26 CHESAPEAKE ENERGY CORPORATION PROTECTING OUR PEOPLE “Contractors are an extension of the company, Chesapeake approaches the safety of our em- and it’s important that we only partner with ployees with the same intensity we have for organizations that demonstrate the same high drilling for natural gas. We work hard to ensure standards of safety and operational excellence Toby Fullbright, Senior Landman, participates that all of our employees are properly edu- that we do,” said Greg Dykes, Senior Director – in the Fitness Center’s award-winning Live cated to meet the company’s high safety stan- Corporate EHS Compliance. Better Forever Program with Chesapeake Trainer Landon Dean. dards. Last year we offered approximately 500 At Chesapeake, protecting employees’ online and instructor-led operational training safety and health does not end at the jobsite. sessions. Additional training and field safety We encourage our employees to live healthy The Chesapeake Health Center, also located drills ensure that employees in every phase lives through a number of amenities and in- on our Oklahoma City campus, provides em- of our drilling, completion and production ac- centive programs. The company’s distinctive ployees and their families with primary and tivities are knowledgeable of and committed to health promotion program, Living Well, allows urgent care and chronic disease management. safe work practices. employees to earn cash rewards for maintain- The company also partners with health orga- Chesapeake’s intranet is an important tool ing a healthy, active lifestyle throughout the nizations such as Weight Watchers to provide used in our efforts to promote company-wide year. In addition, on-site health screenings are free or reimbursed memberships to employees. safety, and employees receive regular safety offered at least once a year at all office locations We also hold a variety of internal health-related alerts about potential issues. In addition, quar- and Wellness Dollar benefits pay for preventive classes throughout the year including CPR train- terly newsletters highlight pertinent environ- screenings and care. ing, healthy cooking classes and educational mental, health and safety news and recognize The company’s corporate campus includes Lunch and Learn sessions, as well as programs the safety achievements and milestones of our the 72,000-square-foot Chesapeake Fitness such as Live Better Forever, a year-long program field employees. Center, which features a swimming pool; vol- for employees who have serious medical or Like most companies in our industry, Chesa- leyball, basketball, racquetball and squash health-related issues. In addition, the company peake employs a number of contract service courts; a rock climbing wall and a variety of launched the Your Life Matters campaign in companies for specialized tasks and projects. cardio and weight lifting equipment. Subsi- 2010 to help educate employees about mental The safety of these contract employees is also dized memberships are available for employ- health issues and work/life balance. of great importance to us, and we begin by ees and family members. With more than 100 selecting contractors with a safety commit- group exercise classes offered every week, the ment that matches our own. In 2009, we began facility serves as a testament to Chesapeake’s using ISNetworld to objectively manage con- commitment to our employees’ health. A fully (Left) Chesapeake works to ensure each of its tractor prequalification requirements for safety equipped on-site gym is also available at our Fort sites, like this one in Reeves County, Texas, meet the highest environmental standards. and health programs. This allows us to make Worth regional headquarters, while field office (Right) Crews like that of Nomac rig 36 merge educated contractor selections by reviewing a employees are reimbursed for individual and state-of-the-art drilling techniques with hard potential contractor’s history and performance. family memberships at local fitness facilities. work to produce American natural gas.

SOCIAL RESPONSIBILITY 27 BOARD OF DIRECTORS

STANDING (LEFT TO RIGHT) V. BURNS HARGIS (1) RICHARD K. AUBREY K. MERRILL A. DON L. NICKLES (3) President DAVIDSON (1) McCLENDON “PETE” MILLER, JR. (1) Former U.S. Senator, Oklahoma Oklahoma State University Former CEO and Chairman Chairman of the Board Chairman, President and CEO Founder and President Stillwater, Oklahoma Union Pacific Corporation and Chief Executive Officer National Oilwell Varco, Inc. The Nickles Group Bonita Springs, Florida Chesapeake Energy Corporation Houston, Texas Washington, D.C. Oklahoma City, Oklahoma

SEATED (LEFT TO RIGHT) FRANK KEATING (2,3) FREDERICK B. CHARLES T. Former Governor, Oklahoma WHITTEMORE (2,3) MAXWELL (2) President and CEO Advisory Director Senior Energy Analyst American Council of Life Insurers Morgan Stanley Weeden & Co. Washington, D.C. New York, New York Greenwich, Connecticut

(1) Audit Committee (2) Compensation Committee (3) Nominating and Corporate Governance Committee

Governance Our Board of Directors is responsible to our shareholders for the oversight of the company and for the implementation and operation of an effective and sound corporate governance environment. We believe that effective corporate governance contributes to long-term corporate performance. An effective governance structure should reinforce a culture of corporate integrity, foster the company’s pursuit of long-term strategic goals of growth and profit and ensure quality and continuity of corporate leadership. Our directors will continue to be diligent in their efforts to preserve the public trust while fostering the long-term success of the company.

28 CHESAPEAKE ENERGY CORPORATION OFFICERS

AUBREY K. McCLENDON MARCUS C. ROWLAND STEVEN C. DIXON DOUGLAS J. JACOBSON J. MARK LESTER Chairman of the Board Executive Vice President Executive Vice President – Executive Vice President – Executive Vice President – and Chief Executive Officer and Chief Financial Officer Operations and Geosciences Acquisitions and Divestitures Exploration and Chief Operating Officer (retired January 2010)

MARTHA A. BURGER JEFFREY A. FISHER JENNIFER M. GRIGSBY HENRY J. HOOD Senior Vice President – Senior Vice President – Senior Vice President, Senior Vice President – Human and Corporate Resources Production Treasurer and Land and Legal and Corporate Secretary General Counsel

JAMES C. JOHNSON MICHAEL A. JOHNSON STEPHEN W. MILLER JEFFREY L. MOBLEY Senior Vice President – Senior Vice President – Senior Vice President – Senior Vice President – Energy Marketing Accounting, Controller Drilling Investor Relations and Research and Chief Accounting Officer

THOMAS S. PRICE, JR. J. MIKE STICE CATHY L. TOMPKINS Senior Vice President – Senior Vice President – Senior Vice President – Corporate Development Natural Gas Projects and Information Technology and Government Relations Chief Executive Officer and Chief Information Officer Chesapeake Midstream Partners, L.P.

BOARD OF DIRECTORS AND OFFICERS 29 EMPLOYEES

Chesapeake is pleased to list all 8,152 of its talented, hard-working employees who contributed to our company’s success in 2009. Because we think they are the best team in the industry, we want Chesapeake to be the best employer in the industry, with a corporate culture that rewards their efforts and inspires their future. In 2009, Chesapeake was honored to be included as #34 in the FORTUNE 100 Best Companies to Work For® list, our third consecutive year for this prestigious award.

1989 (4) Fred Portillo Bob Pope Dan Scott Edward Puffinbarger Edward Killen Shane Barron Mark Lester John Qualls Erick Porter Greg Small Mike Sawatzky Julie Knox Dennis Bass Kinney Louthan Pat Rolla Jolene Schur Bill Snyder Cindy Schwieger Daniel Koehn James Beavers Aubrey McClendon Hank Scheel April Smith George Soto Brent Scruggs Kennetta Lee Randy Bergen Patsy Watters Charles W. Scholz Wilma Smith Dan Sparks Vance Shires Jeff Lenocker Leonard Blackwill Charles Smith Frank Unsicker Linda Steen Stuart Skelton Julia Lillard Paul Bowyer 1990 (3) Stan Stinnett Ivajean Wallace Becky Thomas David W. Smith Darwin Lindenmuth Troy Bradford Kevin Decker Brenda Stremble Craig White Jennifer Van Meir Catherine Stairs Travis Long Robert Bradley David Higgins Greg Weinschenk Dori Williams Rusty Walker Jerry Townley Peter Manter Don Bredy Cindi Williams Brian Winter Curtis Williford Lynn Whipple Nick Wavers Rita Marple Jim Brock Jim Wright Mandy Whipple Brenda Wheeler Jim Mazza Cindy Brown 1991 (5) 1998 (65) Bob Whitman Jim McHenry Kathy Brown Steve Dixon 1996 (29) Stephen Adams 1999 (23) David Whitten Debbie McKee Lynn Broyles Marilyn Pollard Heather L. Anderson Crae Barr Jonathan Ball Brent Williams Don Messerly Jason Budde Patti Schlegel Jamie Carter Francy Beesley Mel Barker Bob Woodside J. C. Morris Greg Burchett John Striplin Jasen Davis Joel Bennett Sue Black Melinda Neher Aaron Bush Julie Washam George Denny Leonard Berry Jr. Dory Douglas 2001 (103) Lee Nelson Ernest Byrd Tim Denny Susan Bradford Mark Edge Jerry Aebi Kevin Newberry Chris Carter 1992 (2) Gary Dunlap Mark Brown Jenny Ferguson Karen Albornoz Cranford Tim Newville Paul Childers Tom Price Laurie Eck Randy Brown Jeanie Fuller Jeremy Allison Deborah O’Neal Jackie Cooper Jr. Melanie Weaver Jan Fair Lori Budde Dan Garvey David Anderson Ricky Petty Lori Crabtree Barbara Frailey Terry Caldwell Susan Green Terry Ashton Dianne Pickard Cary Crusinbery Jr. 1993 (6) Linda Gardner Bob Campbell Yamei Hou Betsy Ball Catherine Ratliff James Davis Ralph Ball Charlene Glover Ted Campbell Doug Jacobson Gloria Bates Lynn Regouby Kurt Davis David DeSalvo Randy Goben Jesse Canaan Jim Kelley Michelle Bender Gina Romano Cathy DeGiusti Mike Johnson Jim Gomez Sherri Childers Lynn Looper Bruce Boeckman John Romine Trent Delano Randy Pierce Melissa Gruenewald Tana Clark Dea Mengers Boyce Boelen Larry Ross Cheryl Delzer Marc Rowland Doug Johnson Jennifer Copeland Michael J. Miller Sharon Bradford Mike Rossiter Larry Dill Dave Wittman Jim Johnson David Craycraft Tammy Nguyen Von Brinkley Don Rozzell Sherry Dixon Taylor Kemp Iris Drake LaCosta Rawls Deanne Brooks Larry Settle Christopher Dudgeon 1994 (15) Mike Lebsack Mac Drake Larry Shipley Marty Byrd Dee Smith Jr. Stephanie Dugan Barbara Bale Steve Lepretre Gary Egger Michelle Smith Carlos Caraveo Patrick Smith Eldon Eagan Martha Burger Larry Lunardi Steve Emick Connie Turner Biff Carter Chris Sorrells Eric Edwards Michael Coles John Marks Dan Estes Courtney Tyson John Carter Dennis Splan Michael Falen Traci Cook Sandi Michalicka Dennis Frick Tonya Vallerand Keith Case Jason Stamper Mark Falk Ron Goff Liz Muskrat Randy Gasaway Tobin Yocham Marika Chambers Cindy Stevens Shawn Fields Greg Knight Angela Ports Stacy Gilbert Kristi Clemmens Bill Stillwell Tom Flesher Dan LeDonne Tommy Putz Jim Gowens 2000 (43) John Cook Gary Stoner Viel Flores Steve W. Miller Bryan Sagebiel Kelsey Hammit Shellie Ashworth Tim Cook Howard Stout Justin Foust Tommy Morphew Kurt Schrantz Tresa Hammond Johnnie Bartlett Juanita Cooper Lisa Strackbein Adam Gaskill Pat Pope Phyllis Trammell Jeff L. Harris Doug Bellis Jim Corsoro Tim N. Taylor Tamara Gathers Danny Rutledge Allan Waldroup Debbie Hulett Jan Benton Leigh Ann Crain Jason Thaxton Fred Gipson Stephanie Shedden Julie Ingram Bobby Bolton Brian Cunningham Alvin Thomas Lisa Glover Ronnie Ward 1997 (32) Tammy Kelln Jeff Brooks Garry Curry Rudy Thomas Cornelio Gomez Shelly White Linda Allen Rose Kim Becky Cassel Shawn Downey James Thrash David Gouker Gerald Zgabay Karla Allford Steve King Rachel Clapp Jeff Eager Larry Watters Steve Hall Sara Caldwell Mike Lancaster Debbie Curtis Richard Easterly Paige Whitehead Melvin Harper 1995 (29) Steve Cody Chris Lee Jennifer Dees Tommy Edler Connie Williams John Henry Richey Albright Kristine Conway Carrie Lewis-Crawford Tammy Fields Amanda Elam Freda Williams Kathy Henry Paula Asher Randy Cornelsen Craig Madsen Pam Ford Brian Exline Dawn Wilson John R. Hornsby Eric Ashmore Michelle Cullen John Marshall Robin Gonzalez Alex Gallardo Jr. Brandon Winsett John Hurst Randy Borlaug Bruce Dixon Kim Massey Annie Hamilton Matt Gambill Marvin Winter Jr. Todd Ice Shelli Butler Greg Drwenski Allen May Mary Hartman Roy Gentry Larry Woodruff Rhonda Ingle Melissa Chambers Mark Evans Dennis McGee Twila Hines Suzie Goolsby Amanda Young Bud Jackson Dale Cook Joy Franklin Allen Miller Eric Hoffman Randy Grayson Jay Jarvis Ted Davis Rob Gilkes Bill Miller Ronnie Howell Richard D. Green 2002 (142) Danny Jech Mandy Duane Shane Hamilton Carey Milligan Jim Kuhlman Kajsa Greenhoward Paula Abla Jim Jinkins Steve Gaskins Michael Horn David Mobley Don Lee Jackie Gross Nicole Adams Gary Johnson Jennifer Grigsby Eric Hughes Wesley Myers Debbie Lloyd Johnny Harris Jenny Adkins William D. Johnson Gayle Harris David B. Jones Bud Neff Jr. Jay May Jr. Jeremiah Jackson Roger Aldrich Chris Jones Henry Hood Carolyn Lindmark Kathy Nowlin Andrea McCall Krista Jacobson Jimmy Alexander Joe Jones Lorrie Jacobs Mike Ludlow Don Pannell Cindy McClintock Justin Johnson Brian Babb Mike Kee Mike Johnston Sarah Lumen Michael Park Collin McElrath Keith Johnson Charlie Bagley Dax Kimble Barry Langham Lauren Matlock Mandy Pena Courtney Moad Rob Jones Bob Baker Nancy Knox Cindy LeBlanc Sam McCaskill Matt Rockers Georgia Moller John Kapchinske Lynard Barrera Greg Kochenower Leland Murray Bob Neely Kelly Ruminer Chantelle Porter Ginni Kennedy Cindy Barrios Jeremie Koehn

30 CHESAPEAKE ENERGY CORPORATION Spencer Land Kenneth Brunson Joe Kidwell Blake Surrell Steve Larman John Bullard Neil Kincade Danielle Sydnor Ricky Laster Bayley Burns Danny King Jaime Tatro Casidy Lee Cyndy Burris Melvin Kingcade Amber Thomas Ken Leedy Buster Burton Jr. Matthew Klaassen Chevy Thomason Stephen Lobaugh Ara Bush Jennifer Knott Jerry Todd Billy Long Lori Byrd Pete Lane Jr. Scottie Trejo Shawn Marsh Keith Cameron Jeff Lasater Seth Unruh Richard Martinez Bob O. Campbell Al Lavenue Julio Vasquez Andrew McCalmont Pat Carson Kathy Leasure Larry Ventris Mitch McNeill Gary Carter Dustin Lenhart Johnny Voth Richard Mieser Dennis Cerny Nick Little Keith Wagnon Steve Mills David Chisum Dustin Locke Marty Wall Sidney Mitchell Mike Churchwell George Loman Josh Wangler Claudia Molina Tony Clark Clint Lord Brad Watkins Nathan Morrison Michael Clinton Jason Lowrey Noel Way Todd Murphy Matthew Colbert Jack Lowry Dan Welch Cindy Murray Tom Corley Sergio Lujan David Wernli Jeff Newby Brian Cox Jr. Shane Lukasek Jr. De Ann Williams Rick Nunley Bryan Cox Sharon Luttrell Nicole Williams John Ortiz Michael Cramer Lewis Lynch David B. Willis David Parker Ann Croan Mark Mabe Bill Wince Jr. Robert Pennel Jarod Cunningham Ali Mallett Martin Wise Ryan Phillips Wendy Cunningham Jeremy Marple James Worsham Jr. Sharon Pool John Davis Shelly Martin Todd Wright 20,000 VOLUNTEER HOURS Oklahoma Bob Portman Jon Davis Alfredo Martinez Linn Yousey Eric Powell Ryan Dean Alex McCalmont Lori Zang Keeping score, corporate staff employees celebrate 26,134 Mike L. Reddick Scott Dickson Kenneth McGuire Sr. hours of service donated to organizations in more than Ronald Reidle Dennis Dix Menecca McHone 2004 (353) Martin Robertson II Derek Dixon Carol McKenzie Greg Adams 70 communities throughout the company’s operating areas A.D. Robison Steve Donley Ryan Meacham Justin Adams as part of its 20th anniversary festivities. Randy Rodrigue Shanon Dunlap Randy Mefferd II Carol Adler Vern Roe Jr. Jody Dunn Eddie Merkel Gary Allen Danny Schmidt Gary Durkee R.T. Miller Stephanie Allsbury Larry Carter Linda Fries John Keeling Kary Schneberger Jack Elliott Brent Mills Tim Andrews Lupe Castro Terry Frohnapfel Shamara Keith Stacy Settles Jimmy Embery Jay Monroe Chad Anton Jana Cathers Gary Garrison Lindsay Keller Dewayne Shaw Charlene Ernest Alfredo Montiel Ronald Babers Michael Chester John Garrison Bill Kerby Michael Sherwood Keith Ervin Lucretia Morris Kristi Bacon Yong Cho Guy Gaskill Jason Kneedy Will Shisler Jim Fansher Huey Morton Jeffrey Bailey Tony Churchill Paul Geisinger Brenda Knight Jim Shoptaw Ursula Faus Larry Mossman Bobby Baker Cherokee Clark Ronnie Givens Brett Knight Greg Skiles Carol Fehrenbacher Paul Munding Jeff Ballard Justin Clark Josh Glancy Josh Komarek Chad Smith Mark Ferbrache Maureen Nelson Eric Barbee Carolyn Coble John Glynn Matt Kopf Jesse Smith Jeff Fisher Jason Nichols Paul Baresel Brenda Coffman Linda Good Pam Koscinski Robin Smith Mitch Floresca Tal Oden Tina Barnhill Rich Colbert Michael Goossen Jennifer Landers Duff Snow Tommy Foust Tony Olivier Damon Beasley Paul Coleman Jennifer Granger James Lardner Maria Strain T. R. Fox Rena Owen Geoff Beaulieu Craig Collins Angie Green Kelsey Latta Josh Swift Justin Froehlich Ashley Paine Terrye Bell Andrea Conner Coty Greer Cory Lewis Oscar Thiems Edd Gabbart Tobin Paris Curtis Blake Hershel Conrad Bonnie Griggs Shea Lewis Chris Townsend Fred Gagliardi Nancy Parker Lorraine Blanchard Jennifer Cooksey Mark Hadlock Brent Lightsey Michelle Townsend Tim Gallegly Gary Parks Bradley Blevins Melissa Costello Victor Haley Melvin Like Ryan Turner Travis George Gale Parman Lee Blevins Danielle Costilla Mark Hamilton Richard Loftin Rodney Vaeth B.K. Gibson Kellie Patterson Aaron Bloedow Lorrie Cottam Katy Hampton Harold Lopez Fred Vasquez Kenneth Gideon Donnie Patton Sr. Courtney Blood Cole Courson Rachael Hanoch Justin Lucas Ruben Vega Jr. Dana Ginanni Andrea Patzkowsky Deborah Bond Patrick Crain Andrew Hanscom Barbara Lydick Al Warner John Gist Michael Phillips Brian Booker Sharon Crain Joel Harris Luke Lyons James Warner Randy Gladden Ronnie Pitts Tad Boone Tim Crissup Robert Hart Stanley Major Michael Weese David Godsey Brent Pletcher Kristin Bottom Kizzy Crowell Melanie Harvey Michael Marker Hazel Welch Jeff Gorton Jerry Preston Thomas Boucher Justin Cruse Linda Havrilla Tara Martin Leslie Wertz Jim Govenlock Jennifer Pryse Angela Boulware Cathy Curtis Heather Hawkins Lolo Martinez Eddie Whitehead Larry Grey Regan Raff David Bowes Ryan Curtis Rebecca Henderson Roqelio Martinez John Wilken Pablo Hadzeriga Jr. Ken Rechlin Darrel Branson Glenn Cushenbery Tim Henley Bill McBrayer Gary Willeford Paul Hagemeier Wes Redding Rudy Bravo Jr. Clint Daily Chris Henry John McCartney Mark Willson Buck Hall Jim Reisch Avis Bray Evelyn Daniel Francisco Hernandez Kelly McConnell Jerry Wilson Michael Hall Mindi Richardson Jeff Bray Jennifer Davis Randy Herring Duane McDowell Robert Wilson Ronnie Haney Matt Roberts Dustin Brinkley Robbie Dean J. D. Hertweck Mike McGinnis Roy Wilson Jessie Hardin Jody Robertson Jeff Brinlee Luke Del Greco Melissa Heusel Donna McGriff Graham Harris Anita Robinson Terri Bristow David DeLaO Holly Hicks-Black Natalie McNeil 2003 (226) Roger Harrod Kristen Rogstad Darren Brittain Alene Do Alvin Highfill Ryan McNeil Ronald Aaron Rich Hearst Doug Romero Anita Brodrick Kelly Dobbs Kevin Hill Cliff Merritt Pat Abla Pancho Hendricks Mark Russo Donald Bromlow Johna Dodson Danny Hink Matthew Milledge Lisa Bagwell Tara Henry Beverly Sampson Brad Brown Kirk Dougherty Randy Hodge Pat Mills Corky Baker Glen Hensley Larry Savage Dan Brown Dustin Drew Buz Holloway Sheldon Mills Staci Barentine-Bogle Sue Ann Henthorn Bob Schmicker Diana Brown Chuck Duginski Latania Holt Rodolfo Molina Charlie Bateman Catherine Hester Dave Schoonmaker Harlan Brown Peggi Elliott Alan Horton Elton Monroe Mike Bechtel Lanny Holman Kim Scott Jason Brown Brian Ellithorp Doug Howeth Kendra Monroe John Biggs Misty Holtgrefe Kily Seaman Pamela S. Brown Carlos Evans Will Hubbard Penny Montgomery Bruce Boyd Paul House Janet Selling Ronnie Brown Robin Evans Lauren Humphrey Dana Moore Tammi Bradford Brian L. Howard Keith Shahan Travis Brown Sheila Even Cristy Hutchens Steve Moore George Bradley Roy Howe Clay Shamblin Aaron Buchanan Ron Everett Adam Hutchinson Adria Morgan Kim Brady Donna Huff Kelly Shipley Craig Buck Libby Fanning Mark Hylton Sim Morgan Serena Branch Rosie Hutton Aaron Siemers Kingsley Burke Erik Fares Jamie Jackson Jimmy Morris David Brannen Angela Ingargiola Stacy Smith Jackie Burks Fred Ferbrache Randy Jackson Elisa Mount Jerry Bray James Inman Blake Stacy Josh Burris Dustin Fick Jeff James Mark Murray Aron Bridges John Jackson Joyce Stanmire Tim Butkus Jeremy Finefrock Ryan Jameson Tim Murray Ronald Bromlow Dave Johns Scott Stearman Amber Butler Jeff Finnell Jayson Janes Chuck Myers Jennifer Broomfield Tommy Johnson Rick Stong Juan Calbillo Jarod Fite Amanda Jeantet Todd Nance Bryan Brown Joseph Kennedy Marla Strack Mike Campbell Walter Fletcher Sam Johnson Michael New Jeff Brown David Kerrigan Luke Strickland Christopher Cantrell Tommy Ford Jr. Jeffrey L. Jones Rich Newton Heather Brunker Melissa Ketchum Michelle Surratt Randy Cantwell Anville Francis Steven Jones Matthew Nowlin

EMPLOYEES 31 Karyn Olschesky Heather Scoggins Anji VonTungeln Buddy Boeckman Jr. Ronnie Cunningham Zane Glasscock Tim J. House Timothy Olson Joel Scott Aaron Vrbenec Nick Boeckman Arthur Curry Jason Glassey Tim M. House Shery Orahood John Seldenrust Fred Wanker Charlie Boggs Billy Curry Mitch Goble Lindsay Houston Steven Owen Juan Serna Bryce Ward Timothy Bohannan David Cutright Dave Gocke Brian D. Howard Regan Paquette Steve Serna Kyle Welcher Raymond Bohnet Irene Da Rocha Brian Goins Doyle Howard Lindsey Pargeter Auggie Setiadarma Patrick Whitman K.P. Boland Bo Daniel Heather Gomez Kelli Howard Glenn Parker John Sharp Amanda Whitmire Corey Bolding Christy Dare Alex Gonzalez Greg Howell Ryan Parman Jack Shaver Tom Wible Rachel Bolen Fred Daugherty Martin Gonzalez Sonny Htoon Walter Patten Paul Shelite Jackie Wicks Ronnie Bonnett Donald Davey Paula Grace Paul Hudgins Deone Pearcy Gene Shepard Andy Widmer Adam Bos Emily Davis Brian Graefnitz Jeff Huelskamp Chris Pennel Kyle Shipley Leon Wildman Tim Bostick Jacob Davis Daniel Graham Christine Hughes Andrea Penner Paul Skelton Jr. Chase Williams Mark Bottrell Khari Davis Henry Granados Larry Hughes Raymond Perez Stacy Slater Randy Williams Stacie Boyd Lisa Davis Jay Gray Rodney Hughes Dwain Peterson Julie Slaton Antoine Wilson Joe Bradford Rod Davis Kenneth Gray Zachary Humphrey Randall Pierce Clay Smith Kelly Wilson Everett Bradley Ricky Daw Stephen Gray Amy Hutchinson Debbie Piette Mark Smith Dave Winchester Kenny Bragg Scott Delaney Rodney Greathouse Jason Ille Dennis Plemons Monte Smith Jeff Wolf David Branham Mario Delao Marcus Green Betsy Ireson Keitha Plumlee Jewel Sneed Jerry Womack Debra Branham Jeremy Denton Shane Green William Ireson Bryan Potter Gail Spencer Dana Woo Gail Branham Aletha Dewbre-King Tracy Green Johnny Ison Janae Power Robert Sperandio Carla Wood Del Brazeal Hank DeWitt Brady Greer Bryan Jackson Kelly Price Terry Stafford Harold Wooley Chris Brennan Brent Dixon Eddy Grey Mike Jackson John Priest Daryl Stallings Landon Worth Jordan Brim Darrell Dollens David Griffith Kris Janzen Flo Prieto Steve Steadham Jill Wray Ronald Brisendine Pete Dominguez Greg Gromadzki Bobbi Johnson Josh Purcell Joe Stewart Jose Yanez Brent Bromlow Tyler Doolen Ronnie Guerrero Brent Johnson Odie Quigley Pete Stewart Mark Yeisley Wilfred Broussard Barney Dosier Dave Gum Bruce Johnson Shelly Quimby David Stone Becky Young Donna Brown Stephen DuBois Todd Gum George Johnson Cary Ragsdale Travis Stout Josh Young Richard Brown Dane Dunegan Jim Gumm Mark Johnson Loren Raley John Stoute Jr. David Zerger Kathy Buckley Dustin Durkee Rodney Gunter P.J. Johnson Brad Ralstin Tom Stovall Steve Zmek Nichole Buersmeyer Houston Eagleston Roberto Gutierrez Steve S. Johnson Juan Ramirez Bob Streeter Vicki Bumpas Joe Earley Jarad Guynes Kevin Johnston 2005 (794) Kara Burch Anthony Earnest John Gwynn Lonnie Johnston Daniel Abeyta Jr. Rodney Burgess Nate Easter Patty Haffey David S. Jones Jim Adams Steve Burnett Mike Edwards Lea Hain Fred Jones Julius Adams Abiel Buruato William Edwards Ronald Halbert Mark Jones Robert Adams Ronnie Bynum Travis Egner Donny Hale Pat Jones Tony Adams Gavan Byrd Eric Eller Garrett Hale Greg Jordan Ronald Addington Skye Callantine Robert Elliott Paul Hale Jessica Jorns Christa Adkins Deric Canary Bryan Ellis Barb Hall Frances Jowers Jamie Adkins Michelle Cantrell Linda Ellis Bridgette Hall Joe Juarez Jeff A. Adkins Steve Cantrell Kay Elrod Don Hall Larry Justice Jeff J. Adkins Silas Carnes Alan Elswick Marcus Hall Erin Kaiser Wayne Adkins Dennis Carpenter Ricky Endicott Mike Hall Brandon Kammerer Nancy Aguilar Krista Carpenter Angie England Joe Halstead Kevin Kappes Reford Alcorn Mendy Carpenter Ranulfo Escamilla Wheeler Hammit Earl Karickhoff Bill Allbright Shannon Carrion David Eudey Dave Hancock Robert Keenan Cindy Allen Cathy Carter Sara Everett Buddy Harbison John Keller Claude Allen Kyle Carter Stacy Evett Rusty Hardin Earnest Kelough Erin Allen Zulema Casas Deanna Farmer Lonnie Harl Kate Kelser Sandy Alvarado Cassie Casto K.C. Ferguson Dewey Harless Brad Kemp Fred Amburgey LuAnn Chance Mark Ferman Mike Harless Ron Kendrick David D. Anderson Darrel Chandler Cori-Dawn Fields Nathan Harless Mike Key Jeff Anderson Donald Chaney Grover Fields Shanna Harmon Tommy Kidd Gary Anthony Mike Chapman Brad Finley Earl Harris Donna King Randy Anthony Richard Chin Donald Fisher Michelle Harris Gary W. King Linda Arambula Nikki Church Lemon Doyle Fisher Phyllis Harris Ryan Klein Dawn Arismendez Cathy Clark Jeff L. Fisher Tom Harris Mark Knapp Lee Arnold Charles Clark Marc Fleischer Denise Hart Brad Knight David Atha Linda Clark Adam Flores Kenneth Hartfield Andrew Kock Matt Atkins James Clay Lendel Flournoy Steve Harvath George Kohlhofer III Jeffrey Atteberry Dana Clayton Meara Foreman Randy Hatfield Jennifer Kraszewski Ryan Atwell Elizabeth Clem Darcie Foster Melissa Hatfield-Atkinson Rusty Kreizenbeck Rebecca Avant Jack Clement Jr. Jason Fournier Daniel Hattaway Kim Kremer NOMAC TRAINING FACILITY Brian Bailey Bryan Clevinger Ricky French Gaylon Havel Kris Kuehn Leigh Ann Bailey Paul Coffey Victor Frias Tyler Hawkins Linda Kurtz Arkansas Lanny Hotaling, Floorhand, Marty Bain Jackie Cole Bret Frie Joe Hays Jim Kwasny benefits from Chesapeake’s hands-on Kyle Baker JC Coleman Rachel Friedman William Hays Anthony Lafferty Melvin Baldridge Robert W. Coleman Scott Friedman Brian Heckert Bill Lafferty approach to training at the company’s Mills Bale Kevin Collins Mike Friend Fred Hein Paul Lafferty fieldhand training facility in Searcy. Gary Barnard Tiffany Collins Rodney Friend Justin Heinken Jennie Lambert Rick Barnes Christian Combs Mindi Friese Jill Heitert Sidney Lane Mark Barringer Douglas Combs Andy Fritsch Darin Herndon Karen Langley Jeff Ramsdell Kelsey Swinford Shawn Barron Gary Compton Rachael Fugate Craig Hicks Terry Latham Tom Reasnor Mark Syzemore Karen Bartley Michele Compton Toby Fullbright Eric Higgins Henry Latimer Shannon Reed Barry Tarman Cody Barton Bill Connard Dennis Gagliardi John Highfield Mike Laue Doug Reuss Ray Taylor Bob Bary Paul Conway Michael Gallo Donna Hilderbrandt Will Lawler Jack Rhine Jon Terrell Bob Baxendale Stephen Cook Beau Galloway Rick Hill Ronnie Lawrence Dusty Rhoads Gerald Thomas Dustin Baxter Phyllis Copley Cleab Gamble Kay Hillabold Gina Lawson Tiffany Rhodes Randall Thomas Traci Bean Curtis Corcoran Alma Garcia Juan Hinojosa Joshua Lawson Jerry Rhymes Renee Thomas Lyndal Beasley Mike Cornette Lori Garcia Arthur Hoehne Robin Layne Renee Riebe Robert Thompson Thomas Beaty Geron Cottam Tonya Garrett Gary Hohenberger Jeremy Lee Gary Robbins Kelly Thomsen Joe Beaudoin Tim Cottrell Fred Gates Ray Holden Larry Lee Bill Roberts Ryan Thomsen Tyler Beaver A.J. Cox Liz Gerhard Thomas Holland Keith Lehman Chip Roemisch Jr. Cathy Tompkins John Beckwith Elsie Cox Loretta Gibelyou Nathan Holloway Brad Lemon Richard Rosencrans T.J. Treece IV William Bennett Marisa Craig Josh E. Gibson Pat Holman James Lenhart Kelly Rother Tom Treece Cornelius Birmingham Dennis Crisp John Gilbert Alfred Hooper Jr. Shannon Lenhart Mary Ann Sanders Billy Trent Andrew Black Vernon Crumm III Rhonda Giles Randy Hooper Marty Lesley Larry Satterfield Jr. Mike Turner Kenneth Blackburn Joshua Crystal David Gilliam Drew Hopkins John Paul Leslie Perry Scheffler John Uhlenhake Ron Bliss Charlotte Cullifer Keith Glasgow Joann Horn Dustin Lewis Terry Scifres Billy Uptigrove Dot Blythe Larry Cunningham David Glass Jimmy House Al Leyva

32 CHESAPEAKE ENERGY CORPORATION Jason Lierle Jaime Munoz Nathan Reed Stephen Smith Mark Wiley II Brandon Bashaw Michael Brenizer Wayne Light Jr. Dan Muret Stevie Reed Ronald Snyder Jr. Lisa Wilkinson Adam Basquez Bradie Brewton Dan J. Lopata Sean Murphy Brian Reeder Manuel Soriano Jr. Dallas Williams Warren Bass H. Briant Becky Lorton Justin Murray Lorrie Renfro Myron Sowards David S. Williams Douglas Baughman Melvin Bright Jr. Michael Lovelace Bhavin Naik Philip Renner Shellee Spencer Nancy Williams Tammy Baxter Wesley Brogdin Michael Lovero Tim Nance R.J. Retzer James Spiller Terry Williams Larry Beard Billy Bromlow Alison Lowe Tim Napier Jeffery Rhoades Keith Spitzenberger B.J. Williamson Jr. Tim Beard David Brooks Dwayne Lowe Rusty Nash Stewart Rhoades Larry Stacy Jason Williamson Johnny Beasley Vernon Broomfield Jason Lundy James Neal Jr. Jerad Rhodes Briana Steelman Hack Willis Jesse Beason Rob Brott Paul Lupardus Scott Nease Mike Rice Tarza Steiner Ronnie Willis Tiffany Beaver Jay Brown Shauna Lyon Tommy Neathery Ray Rice Robert Stickler Kent Willoughby Terri Becker JP Brown Sean Macias Donna Neel Bill Richardson Robert Stickler II Brian Wines Steven Beckett Natascha Brown Angie Mackey Jarrod Newberry Chad Richardson Jason Stidham Kelli Witte Jim Bedford Rodney Brown Sr. Craig Manaugh Kena Newman Joni Richardson Justin Stinson Brad Wittrock Clint Beeby T. Brown Amy Marburger Roger Newsome Jr. Ralph Riffle Jr. Jayson Stock Justin Wollenberg Steve Beeson Tyanne Bruce Robert Marsh III Robert Niavez Johndetta Riley Jack Stockton Julie Woodard Danny Beets Timothy Brummage Jace Marshall Sid Niles Johney Riley Brandon Strack Donald Woody Bo Bekendam Greg Bruton Billy Martin Justin Nimrod Steven Riley Lola Strickland Ricky Workman Danny Martin Kelly Nix Brandon Ripley Callie Stuckey Leann Wright Deb Martin Curtis Nixon Jr. AJ Risner Dave Stumbo Yandy Yarbrough James Martin Kenneth Nolan Nakita Rizzo Scott Sullivan Doug Yeager Randy Martin Greg Northern Ben Robinson Travis Sullivan Danna Yeargin Robert Martin Rodney O’Brien Carole Robinson Todd Swartzbaugh Bo Youngblood III Thomas A. Martin Adam Olivares Jr. John Robinson Anthony Sweeney Justin Zerkle Chema Martinez Michele Oliver Rusty Robinson Charles Switzer Jr. Homer Martinez John O’Neal Pedro Rodriguez Amanda Talmich 2006 (1254) Emily Massey Dara Oney Brad Rogers Jim Tampke Gary Abbott Bill Mathews Charles Osborn Cliff Rogers Philip Tanner Russell Ables Thomson Mathews Billy Osendott Dionne Rogers Mike Tarpley Jessica Acker Mack Matthews Bryan Ott John F. Rogers Brian Tatro Claude Adams Bruce Matthey Kary Ott Chuck Rose Gearold Taylor James Adams Jeff Maxwell Katie Overton Dayton Rose Jody Taylor Kelli Adams Mike May Tony Padgett Kristin Rose Stephen Taylor William Adkison James Maynard Joe Paetzold Hargis Ross Eric Tennant Ethan Adler Andrea Mays Wray Paine Lloyd Rubottom Steve Tharp Rohit Aggarwal Vicki McCabe Bill G. Parker Gary Russell Joe Thomas Doyal Akers Katrina McCaslin Matthew Parker George Russell Lawrence Thomas Kris Aldridge FATHER/DAUGHTER DANCE Dax McCauley Michael Parker Jim Russell Val Thomas Daniel Alford Chris McClaine Toni Parks-Payne John Ryza Willie Thompson Jr. Kenny Alford Oklahoma Ken Thompson, Mike McClellan Amanda Parsons Scott Sachs Mike Tigner James Allen Manager – Barnett Shale field, and Jackie McComas Trisha Pate Clinton Salyers Jackie Tillery Jamie Allen Thomas McComas Hoot Patterson Gary Sanders Billy Timmons Jason Allen his daughters enjoy an evening of Meri McCorkle Kevin Patterson Jason Sarakatsannis Kelly Torri Joshua Allen dinner, dancing and horse carriage Johnny McCoy Jr. Kenneth Payne Carl Sargent Cheryl Tramell Jimmy Allred Rocky McCoy Deborah Payne-Sherwood Jay Savill Huy Tran Richard Allums rides around campus at this very Casey McDonough Tom Pepper Brandon Scheffler Matej Triska Billy Alven special annual event. Vanessa McDougal Brooks Perry Rob Schindler Scott Truesdale Joe Aly William McFadden Gena Perry Doug Schmidt Vernetta Tubbs James Amelung Terry McGrady Jody Perry Randall Schultz Kristi Turner Bob Amyx Robyn Belew Cheryl Bryan Jeff McGuire Mike Perry Greg Schwerdtfeger Matt Turner Carol Anderson Paige Benedict J.D. Bryant Donny McHenry Denvard Peters Kathy Scott Susan Tuter Gary Anderson Cheryl Bennett Marria Brydon Amy McIlhenny Joe Peterson Bart Seaman Kenna Ulderich Otis Anderson Garrett Benton Kala Buerger Stacy McKay Donald Petzold Jr. Jennifer Sebo Sharon Ulmer Randy Anderson John Bergman Joshua Buie Arlie McKee Teresa Pexa Larry Segar Jason Updegraff Shelby Andrew Sharon Berkley Todd Bules Keith McKee Kevin Pfister Steve Seliquini Dana Vaden Melanie Andrews Eric Bess Clifton Bullard Nick McKenzie Greg Pichler Ivan Semien Joseph Valerio II Howard Arnold Robert Bevel Blair Bunch Bill McKinney Michael Pickens Perry Settles Banner Vanderpool Zachary Arnold Amar Bhakta Niki Burch Doug McPherson Susan Pickens Gail Shackelford Jakie Vaughan David Arrington Randy Bickel Jr. Roger Burford Dirk McReynolds Joe Pierce Tommy Shaffer Ryan Veirs Liz Arthur Liz Bicoy Darrel Burghardt Donnie Meade Billy Pillars Arco Sharp Jr. Suzanne Victoria Thad Ashcraft Jacob Biernacki John Burkhouse Jr. Melissa Meeker Josh Pitts Jackie Shaver Lupe Villarreal Jr. Kevin Ashley Pam Billingsley Jake Burnett Dan Melcher Steve Poe Jr. Stan Shaw Tammie Voelker Amy Askew Matthew Birch Jim Burnett Bruce Melton Harold Porter Donald Shelley Lindsey Von Tungeln Micah Assulin Jeremy Black Aaron Burns Oscar Mendoza Johnny Porter Marvin Shepherd Carol Wagner Roger Averitt David Black Jr. Burton Burns Saxon Mesa LaTonya Porter John Shifflett Kenneth Wagoner David Avery Willis Blaker III Charles Burnsworth Paul Messer Leon Potter Greg Shingleton Jay Walker Ed Back Phillip Blankenship Richard Burrhus Casey Miller Jared Pounds Tammy Shingleton Benny Wallace Misty Baeza Emily Blaschke Phil Burrow Cathy Miller Cara Pourtorkan Mike Short Charles Wallen Tim Bagby Tony Blasier Joseph Burton Daryl Miller Larry Prater John Shreve II Richard Walls Allen Bagley Jimmy Blevins Dustin Bushnell Jeff Miller Reco Preece Odie Shreve Leonard Walters Michael Bahrenburg Doug Bohlen Eric Bynum Kelli Miller Bob Price Lee Shreves Justin Wardrop Allison Bailey Richard Bolding Tom A. Bynum Mark Miller John Prichard Jr. Derrick Sier Brian Wasinger Ronald Bailey Marvin Bond Tom W. Bynum Eligah Mills Jennifer Prince Bob Simmons II Karen Watson Butch Baird Brandi Bonner Korey Byrd Tom Mills Martin Province Brian Simmons John Weaver Charles Baker Daniel Borowski Scott Byrum Maya Mims Bobby Putman Justin Simonton Ginny Webb Dennis R. Baker John Bottrell II Stephanie Cahill Kyle Minyard Jeff Raines Billy Sims Jr. Thomas Webb Sitaraman Balakrishnan Brian Bounds Jerry Caldwell Greg Mitchum Weldon Rainey Cami Sims Lisa Webb Johnson Boomi Balasubramaniyan Barbara Bowersox Rickie Callender III Jeff Mobley Larry Raleigh Leo Sinnott Jr. Shae Weddle Leonardo Baldonado Jr. Deven Bowles Jorge Camacho Cheryn Mok Kyle Range Brian Skidmore Jeff Weides Christa Ball Donald Bowman Jason Cameron Stephen Mollett Keith Rasmussen Ralph Skinner Jr. Keith Wells Michael T. Ball Drew Boyer Johnnie Campbell Jim Moore Billy Ratliff Charles Sloan Lee Wescott Lisa Ballard Ernest Bozarth Karen Campbell Michael L. Moore Jennifer Ratliff Malcom Slone Kyle White Janice Balliet Phillip Bradford III Kenneth Campbell Sherrie Moore Peter Rauscher Miranda Small Larry White Michael Bane John Bradshaw Shanna Campbell Teresa Moore Donna Ray Eric Smith Mallorie White William Barker Mark Brannon John Canary Dave Morehouse Lonnie Ray John Smith Dan Whitmarsh Dean Barnes Matthew Branson Steven Carder Jose Moreno III Vickie Ray Jonathan Smith Valerie Wible Keith Barrett James Branton Bryan Carey Phil Moser Gavin Reed Lindsey Smith Charles Wilburn Cecelia Barrington Krystal Brauchi Colt Carpenter Jim Mottesheard Kenneth Reed Roy Smith Dale Wildman Joshua Barton Zora Braun Connie Carpenter Doug Mullins Melissa Reed Scott Smith Brooke Wiley Lorie Barton James Bray Octavio Carpio

EMPLOYEES 33 Deborah Carroll Dee Combs Jeffrie Davidson Jose Flores Jr. Joy Hamilton Seth Howard Nathan Kress James Carroll Jason Conaway Betsy Davis Garrett Flowers Nathan Hamilton Jason Howe Muhamed Kuburic Stephan Carroll Greg Condray Chad Davis Terry Floyd Jr. Nathan Hanks Kenneth Hubbard Sunita Kuburic James Carter Jeffery Conley Garry Davis Thomas Flynn Jr. Joe Hanna Rachel Hubbard Cameron Kuykendall Alex Casias Andy Conyers Kathy Davis Danny Ford Robert Hanna Cheryl Hudak Hoang Lam Bernardino Castaneda Jr. Blayne Cook Megan Davis Martha Ford Tony Hansen Chase Huddleston Jane Lam Charles Castelli Jim Cook Rodger Davis Jimmy Forsyth Randy Hansford Jarel Hughes Tony Lamas Jose Castelo Jacob Cooper Ron Davis Anthony Foster Dustin Hanson Justin Hughes Dennis Lambert Jr. Jose Castillo Linda Cooper Kenny Dawson Clarence Foster Josh Hardie Mark Hughes Jerry Lambert Jr. Aaron Casto Scott Copeland Robert Day Robert Foster Dean Harding Marshall Hughes Corbin Land Brandon Cates Jeff Cornelius Greg Dean Clayton Foutch Fawn Hardman Kirk Hungerford Sandra Landgraf Scott Cavner Justin Cornell Landon Dean Julie Fox James Hardway Frankie Hunt Bob Langdon Gregory Cavness Steve Cornett Stanley Dean Jason Franze Ryan Harkins Bret Hunter B.J. Larman Cassie Cawyer Preston Corp Kevin Deeds Annie Fredrickson James Harman Tami Hunter Chris Lauhon Rosa Chacon Diego Cortez Matthew Deel Travis Frels Cody Harrel Elbert Idlett John Lawman Jr. Tim Chaloupek Mario Cortez Tim Deffenbaugh Nicole Fritz John Harrington Jr. Justin Idlett Johnny Lawrence Harvey Chambliss Janice Cory Donald DeForest Jr. Larry Frost Bryan Harris Loyd Idlett Kelly Lawson Paul Charles Bob Costello Gary Dennis Sam Frydenlund Mike Harris Pete Irby Tom Layman David Chavarria Bobby Costello Mark DeShazo James Fryman Robert Harris Jeff Iven James LeBouef Oscar Chavez Cody Costello Karl Dexter Evan Fuqua Jr. Terry Harris Sherry Izell Ryan Lee Kathy Cheesman Larry Costello Gianny Diaz Christy Furbee Samuel Harroff Christopher Jacks Samuel Lee James Cheshire Stoney Costello Andrew Dickins Carol Gaddis Darrel Hart Joe Jackson Stanley Lee Henry Childress William Coston Ed Dillard Frank Gagliardi Donald Hart Lindsay Jackson Dave Leopold Richard Childress Crystal Cottrell David Dison Sarah Gainer Kevin Hartl Marianne Jackson Justin Lewellen Stephanie Choate Jereme Cowan Robert Dison Junior Garcia Jr. Roger Hartley Pamela Jackson Cindy Lewis Linda Dixon Martin Garcia Sr. Bobby Harvey Troy Jacobs Fred Lewis Michelle Dodd April Gardner Steven R. Harvey Javey Jamison Peter Lewis Nicolas Dominguez Chris Gardner Don Harville Lance Jamison Karen Liles Gary Donley George Garfield Timmy Hass Todd Jamison Jim Lindley Donald Dotson Lisa Garrett Darcy Hawkins Christopher Janzen Jill Linkenauger Stephanie Doty Mark Garrett Carroll Hayes Anthony Jeansonne Trey Littau Dawn Douglas Javier Garza Eric Hayes Travis Jenkins Charles Livingston Greg Douglas Javier Garza Jr. Christopher Hayward Eric Jenkinson Ronald Loeffler Lorie Douglas Joel Garza Robert Hayward Jessica Jennings Clayton Long Johnny Dowdy Raul Garzes Teresa Hearn Jon Jernigan Ellen Long John Downing John Gasaway Brad Heath David Jirousek Teresa Long Tammy Dresser Douglas Gaston Virginia Hebert Alex Johnson James Looney Alfonso Duenez Scott Gaston Sabrina Hedrick Donald Johnson David Lopez Dustin Dunlap Brian Gauntt Daniel Henderson Jeannie Johnson Jaime Lopez Regina Dunlap Kennie Gay George Henderson Randy Johnson Niles Loudenslager Curtis Dunn Jr. Anne George Nicholas Henderson Steve G. Johnson Candice Love Larry Durant Rachel Gerlach Mary Henning William Johnson Morgan Love Paul Duren Jim Gerstner Mark Henry Jeri Johnston Dustin Lovell Jim Durst Bobby Gibson Dan Hensley Joy Johnston Jennifer Lowther Dustin Dye Steven Giddings Armando Hernandez Cindy Jones Silvano Lozada-Luna H.E.L.P. INITIATIVE Oklahoma Tammy Eaton Timothy Giddings Rafael Hernandez Gary Jones Allen Luder Mark Lester, Executive Vice President Robin Ebarb Jon Giffin Matthew Herrin Kyle Jones David Luke Michael Eddins Anthony Gilliam Jamie Hibbs Travis Jones Charlie Lumpkin III – Exploration, gives a pat on the back Johnny Egnor Sr. Mandie Gilliam Joe Hicks Bev Jordan Brent Lurry to Mark Orgren, the company’s first Craig Elder Cameron Gilmer Sid Hicks Doug Jordan Josh Lyons Jammie Elder Jim Gipson Jr. Terry Hicks Lauren Jordan Emily Lytle H.E.L.P. Champion, for exemplifying Jeff Elder Ryan Glenn Jennifer Higgins Jeffery Judd Jeffrey MacKay Chesapeake’s commitment as a good Ebbin Elliott Jr. Jesse Gomez Michelle Hileman Nicholas Judd Kevin Mackey Jordan Elliott Lindi Gomez Chad Hill Hunter Kam Jamie Maddy neighbor. Orgren organized volunteers Melanie Ellis Zac Gonsior James Hill Paul Karstens Glenda Mahoney to renovate the auditorium of Harding Darrell Enderlin Eric Gonzales Clyde Hinson Hemant Kataria Jorge Maldonado Jon English Alberto Gonzalez Mark Hlatky Troy Keel Juan Maldonado Charter Preparatory High School in Richard Enoff April Gonzalez Chad Hledik Marvin Keeling Jr. Ramon Maldonado Oklahoma City. Steven Epps Edgar Gonzalez Justin Hobbs Kenneth Keeton Monica Malkey Jarrod Esparza Julio Gonzalez Jimmy Hodges Belo Kellam III James Manning Jonathan Eubank Billy Goodnight Joseph Hodges Larry Keller Juan Manriquez Rodney Christian Jeffory Cowger Dee Eubank-Swiger Justin Goodson Justin Hodges Diana Kelley Jimmy Manry Twila Christy Chris Cox David B. Evans Lacey Goodwin Patty Hoecker Tommy Kelley Kerry Manuel Kerry Clapp Jeremy Cox Gary Evans Elijah Gordon Eric Hoehne Tracy Kelting Laura Marcellus Suzanne Clapper Steven Cox Jody Evans Donn Goss Chad Hoffman Sammy Kendall Markus Marr Brandon Clark Donnie Craft Ricky Evans Lindsay Gowan Henry Hoffman Kris Kendrick Patty Martin David Clark Tina Craft Grant Ronald Evans Mitch Grant Lisa Hoffman Josh Kennedy Braulio Martinez Dustin Clark Travis Craig Leann Evers Kenneth W. Graves Bradley Holland Joe Ketzner Mark Martinez James W. Clark Denise Cramer Ronnie Ezernack Billy Gravitt Tom Holland Gil Kiaha Valente Martinez Leon Clark Bud Cravey Ricky Farnsworth Ron Gray Michelle Hollis Russell Kidd Missy Martini Stacey Clark Joe Creech Andrew Farris Gabe Green Mike Hollis John Kieschnick Michael Marunowski Steve Clark Ricky Crider Marcie Farris Dylan Grey Bradley Holman Jeff Kiker Bobby Matthews Jason Claunch Scott Crim Shyla Fast Camm Grim William Holman Jr. Wayne Kimberling Nicholas Matthews Brad Claypool Jimmy Crone Bryan Ferguson Lane Grimes III Bryce Holmes John Kimbleton Maya Maximova Erin Clayton John D. Crooks Keith Ferguson Bradley Grimm Timothy Holmes Fay Kincher Delores Maxwell Jesse Clayton Murphy Crosby Tessie Ferguson Rafael Guerra Michael Holson Jessica King Greg May Cathi Clements Paul Crow Perry Fields III Donald Gunnoe Larry Holt Richard King Michael Mayfield Eric Clements Casey Culpepper Tommy Fillman Henry Gutierrez Jr. Dustin Homesley Nathan Kirtley Monty Mayfield Jeff Clemons Melissa A. Cummens Thomas Finch Ricardo Guzman Michael Hommertzheim Jeffrey Klingel Angela McAlister Michael Clevenger Ray Cunningham II Brent Finley Darryl Haas Bill Hooper Aaron Knapp Derald McAlister Ronald Clift Douglas Czako Steven Fisbeck Scott Hackworth Kevin Hooper Buzz Knapp Julie McCann Lindy Cochran Aaron Daharsh David Fisher Lance Haffner David Hoover Allen Knippers Rich McClanahan Robert Cochran Laurie Damron Jerry Fisher Larry Hagelberg Melissa Hoppe Jeff Knoblock Katie McCord Timothy Cockerham II Michael Damron John Fisher Robert Hagerdon Ronnie Hoskins Charles Knotts Chris McCormack Brent Cockrell David Dani Michael Fite Wayne Haire Bonnie House Steve Knowles Lacy McCornack Lauren Coco Alvin Danley Jr. Chris Flanagan Freddy Hale Debbie Houston Laurie Knox Garrett McCullough Virgil Coleman David Danley Michael Flanery Kim Haley Seth Houston Sanjay Kodam Shaun McDaniel Davy Collins Joseph Darr Matt Fleischer Billy Hallman Matt Howard Denise Koger Stephen McDonald Katie Collins Beverly Dart Brenda Flesher John Hamilton Scott Howard Blake Koonce David McDougal

34 CHESAPEAKE ENERGY CORPORATION Jenni McEachern Danny Murray Matt Queen Perry Scales Don Stanley Jr. Wil Warren Henry Woodruff Kelle McEwen Matt Murry Maria Quezada David Schmidt Jr. Ronnie Statton Keith Washington Tara Woods Ray McFarland Antoinette Nell Mary Quinn Shawn Schmidt John Stephens Matt Watkins Megan Woodworth Harry McGarr Bree Nelson Barbie Quinn Davis Karen Schmuhl Peter Stephens Dusty Watson Dan Woodzell Meghan McGhee JW Nelson Tyson Raasch Ernest Schroeder Robby Stevens James Watson Shawn Wreath Todd McGinley Laverne Nelson Daren Rader Michael Schulz Roger Stevens Luke Watson Bradley Wright Christopher L. McGinnis Rodney Nelson Mark Raidt Earnest Sconyers Lyvonne Stewart Matthew B. Watson Erran Wright John McGowen Lacey Neuman Johnny Rains Bannon Scott Jason Stollings Rod Weatherby Mary Wright Richard L. McGuire Kyle Nevels Hermenegildo Ramirez Joseph Scott Michael Stone Lauren Webb Michael Wright Curtis McIntyre Jere Newberry Peter Ramirez Jr. Krystle Scott Richard Stotler Jr. John Weber Greg Wyatt Irma McIntyre Travis Newberry Raul Ramirez Larry Scott Andy Strealy John Webster Keith Yankowsky Chad McKamie Eric Newman Jr. Bonnie Ramon Kevin Scoville Russell Streeter Brad Wechsler Kevin Yarbrough Dennis McKamie Shane Newman Arturo Ramos Stoney Scrivner John Strickland Donald Weed Scott A. Young John McKay Holly Newsom Jessie Ramos David Searls Ronnie Stroh Jody Weidner Mina Zaheri Patrick McKim Lori Nguyen Cody Ramsey Scott Secrest Perry Studebaker Thomas Weidner Brigido Zaldivar Heather McLain Thomas Nguyen Gary Ramsey Dusty Seiger Teresa Sullivan Matt Weinreich Simon Zavala Jessica McLain Nick Niemann Greg Ramsey Debbie Seiverling Heidi Suri John Weir Jr. Jason Zielke Amy McLanahan Drew Nugent Roy Rash Dale Self John Suter Michael Welch Jeff Ziga Walter McLaughlin David O’Brien Aaron Ream Kenneth Sell Roger Sutterfield Toyia Wells Jody Zigler Aaron McLean Marvin Odermatt Roger Redmond Jobey Sellers Anastasia Svec Ann Wendorff Caleb McLoud Jason Offerman Galen Reed Jon Selzer Rick Svor Leonard Wesley 2007 (1362) Matthew McMahon Michael Ogletree Raymond Reese Louis Senkyrik Jayce Swartz Luke Westfahl Kenneth Aaron II Steve McMillen Dennis O’Handley Jacob Reeves Clint Sepulvado Joshua Swartz Sam Whitaker Robert Abbott Beau McMillin Anthony Olivas Christopher Register Sr. Amanda Serna Kevin Swiger Robert Whitbeck Michael Abila Matt McMurry Michael J. Oliver Keith Reightler J.C. Settles Colby Tackett Billy White Clifton Ables Heather McNeil Mark Orgren John Reinhart Brooke Shannon Kevin Tanner James B. White Rodney Acosta Robert McNutt Christy Orosco Brad Rekieta Douglas Shannon Jr. Ronnie Tarver James K. White Chris Adair Danny McRae Randy Orsburn Allen Remmers Jimmy Sharp Jr. Donny Taulbee Jr. Jerry D. White Christopher Adair James McWhirter Don Osborn Santhanaraj Rengaiah Wendie Sharp Alan Taylor Jerry D. White Jr. David M. Adams Donnie McWhorter Darrel Overgaard Matt Reser Farley Shaw David Taylor Christy Whited Jeremy Adams Ed Meade Casey Overhultz Aaron Reyburn Frederick Shaw Jr. Jack Taylor Bernice Whiteshirt Victoria Adams Tom Meadows De Overstreet Jorge Reyes Carroll Shearer Matthew Taylor Joe Whiteside Jamie Adamson Fernando Medina Tammie Owens Roger Reyes David Shellstrom Mike Taylor James Wilhite Kevin Agee Dennis Meigs Chris Pace Justin Reynolds Michael Sherman Rick Taylor Kent Wilkinson Roberto Aguilar-Garza Junior Melendez Thomas Pace Chris Rice Michael Shiers Sarah Taylor Cynthia Williams Yemi Ajijolaiya Douglas Melton Lindsay Palazzolo Beth Richards Kurt Shipley Andrew Tencer Eric Williams Clint Ake Wes Merchant Janie Palma Henry Riffe Steve Shire Nicholas Terech Jim Williams Raymond Akins Curtis Merilatt Kurt Palmer Sandi Riley Carl Shorter Daniel Terry Joshua Williams Adrian Alaniz William Merkel Robert Palmer Jr. Larry Ritter Allen Shuemaker Ross Terry Justin Williams Israel Alaniz Jr. Jarod Merle Betty Paolini Gregory Rivera Gregorio Silva Samson Tesfaselassie Marlene Williams Leonardo Alcantar-Lopez Justin Metz Candy Parker Courtney Roberts Terry Simmons Gwen Thomas Rashaw Williams John Alcorta Steven Meyer Edwin Parker Josh Roberts C.J. Sims Jason D. Thomas Thad Williams Debbie Allen Barry Michels Julie Parker Matthew Roberts Christopher Sims Lacey Thomas Zachary Williams Ronnie Allen Allen Middleman Carla Parrish Raymond Roberts Mary Sims Paul Thomas Calvin Williamson Jr. Tucker Allen Allen Miller II Umesh Patel Stacy Roberts Randy B. Sims Richard Thompson Jeff Willis Ryan Allison Greg Miller Monte Patterson Vincent Roberts Randy S. Sims Travis Thompson Tyler Willyard Jacob Allyn Gregory Miller John Paul Daniel Robertson Rickie Sims Elmo Tillis Andrew Wilson Ardy Amin Matthew Miller Michael Payne Michael Robertson Rudy Sims Jr. Andrew Tipton Brent Wilson Jeff Amos Ronald Miller Rickey Payton Scott Robertson Ward Sims Jr. Mikki Tomlinson Toni Millican Daniel Pearce Scott Robinson Trevor Sinclair Scott Tomlinson Audrey Mimbs Blain Pearson Paul Rodesney James Singhisen Jerry Toney Benjamin Miner Chester Pearson Andrew Rodriguez III Ricky Singletary John Toney Jerame Mink Kim Pearson Joel Rodriguez Danny Singleton Brandon Tree Dustin Minton Ariel Pena Maria Rodriguez Amanda Sisk Ignacio Trevino Jr. Santiago Miranda Danielle Penland Robert Rodriguez William Sisson Juan Trevino George Moats Jr. Terry Perdue Ruben Rodriguez Charles Sitton Dominic Trivitt Chris Mobley Joe Perez Sarah Rodriguez Michael Slamick Matthew Troup Janice Modisette Addie Pesche Juan Rodriguez-Huerta Bryan Sloan Danny Trowbridge Keith Moffatt Paul Phillips Jon Rogers Nathan Smarr Daniel Truong Mohammad Moinuddin Alan Pierce Bailey Rollins Eric Smeltzer Irina Tucker John Moles Jennifer Pierce Danielle Roper Brian E. Smith Steve Turk Angela Moniger Marty Pierce Leonard Roper Deane Smith Chris Turner Jr. Andrew Montgomery James Pine Vinson Roper Denise Smith Corey Turner Tom Mooney Matt Pinion Glenn Rose Emily Smith Jaffe Turner Deanne Moore Jeff Pinter Richard Ross Ernest Smith Donald Tussey Larry Moore Roger Pippins Jr. Robert Ross Jason Smith Joshua Tycer Michael S. Moore Lara Pitchford Tommy Ross Justin E. Smith James Van Alstine Walter G. Moore Brooke Pittard Greg Rossman Kade Smith Jeffrey Van Grevenhof FORTUNE PARTY Oklahoma Arturo Morales Michael Pittser Scott Rotruck Michael C. Smith Clyde Vance Employees enjoy a party with a Guillermo Morales Filemon Plascencia-Aceves Loni Rowan Michael E. Smith Shawna Vance Hector Morales Lori Plumley David Rowland Mitzi Smith Martha Vasek live band and dinner to celebrate Guillermo Morales-Mata Richard Pogue Jackie Roy Monte K. Smith Dakota Vaught Chesapeake’s third consecutive Charles Morckel David Poindexter Daniel Rucker Rusty Smith Brandt Vawter Carroll Morgan Randy Poindexter Eric Rucker Tommy Smith Gerardo Velez inclusion in the FORTUNE 100 Best Jay Morgan Richard Poindexter Michael Rushing Troy Smith Randy Villaire Companies to Work For® list. Roger Morgan David Polve Dena Russell Waylon Smith Dustin Vinson Nick Morland Matthew Pompa Don Russell Brian Snider Brenda Vitatoe Tim Morphis David Ponce Jackie Russell Chad Snow Jonathan Vogel Chad Wilson Boz Anderson James Morris Taos Pool Dusty Rust Rich Snyder Jr. Curtis Voyles Julie Wilson Cody Anderson Mike Morris Timothy Poole Tracy Rust Pam Soltani Robert Wagoner Steve Wilson Dusty Anderson Nicholas Morris Raymond Posey Jason Ruth Becky Southerland Huey Wagstaff Trista Wilson Maribeth Anderson Ralph Morris Nick Pottmeyer Matthew Rutledge Pete Spadafora II Willie Wainman Warren Wilson Rick Anderson Billy Morsko Jordan Powell Gurpreet Saluja Rodney Spencer Erin L. Walker Jim Wimmler Wayne Anderson Jeffery Mortashed Kelli Pratt Kelly Sanders Lou Spitznogle Noah Walker Franklin Windham Clenda Andrews Joseph Mortashed Sindy Prescott Matthew B. Sanders Derek Spreier Christopher Wallace Amos Wise Moises Anguiano Jason Moxley Joseph Presock Dale Sanderson Rene St. Pierre Donnie Wallis Craig Wittenhagen Greg Archer Johnathan Mueller Marsha Presock John Satterfield II Steve Stafford Matthew Walters Ivan Wolanski Steve Archer Gregory Mumme II Ricky Pryor Terry Saurborn Craig Staley Elmer Warnick Mike Wood Kolby Arnold Lewis Munn Ronald Putman Phillip Saxon Jason Staley Matt Warren Taunya Wood Roger Arnold Jr.

EMPLOYEES 35 Tyrerei Ashcraft Ty Bermea Deanna Brouillette John Casto Steve Daniel Susan Fell Jimmy Gray Jerry Ashley Pam Bert Aaron Brown Jeremy Caywood John Daniels Amy Ferguson Kevin Gray Robert Atchison Jon Biegel David G. Brown Curtis Celestine Jr. Haley Dark Christina Ferguson Tyler Gray Joseph Atkins Marvin Biggar Eddie Brown Crystal Celsur Josh Darr David Ferguson Marcus A. Green Rickey Avery Bryce Biggs Jason Brown William Chambers David Davis Joe Ferguson Randy Green Noa Avila Randy B. Billings Kenneth Brown Jr. Kathy Chandler Davy Davis William Ferrebee Richard W. Green William Aycock Randy T. Billings Scott Brown Gordon Channel Donald Davis Faith Fields Justin Greenfield William Bagley Jr. Ryan Billings Jeff Browning Philip Chapman Gayl Davis Wayne Files Bruce Griffin Chris Bailey Ed Birdshead James Brumley Ryan Chappell Kevin Davis Jill Fisher Devyn Griffin Kevin Bailey Jeremy Birkes Kasey Bryan Ward Chase Jr. Lynsey Davis Ranson Fisher Tony Grigsby Jr. Chris Baker Wes Bishop Joshua Bryant Jamie Chastain Nathan Davis Suzanne Fitzpatrick Justin Grove David L. Baker Robert Bitner Rusty Bryce Lisa Chastain Nicole Davis Sam Flaming Dave Grumieaux David M. Baker Quinton Black Jonathan Bryson Armando Chavez Jr. Butch Day II Kenny Flanagan Roy Guerra Garrett Baker Shawn Black Tanna Buie Steve Chipera Roque De La Torre Stephanie Fleet Brianne Gungoll Jeremy Baker Craig Blackburn Kenton Bulson Phillip Chism Kristine Dearmon Matt Fletcher Donald Gunnoe II Joe Baker Timothy Blackmon Shannon Bunner Shandie Choate Duane Decker Armando Flores Gilbert Gutierrez Jr. Leslie Baker Jerry Blair Philip Bunting Morgan Chrisman Nick Delaloye Otoniel Flores Jose Gutierrez Teddy Baker John Blake Jr. Stephen Burgin Ronnie Christopher Jeff Delancy James Forcucci Derrick Guzman Chad Bakke Jared Blakley John Burks Richard Chumley Eric Denneny Hoyt Ford Summer Gwinn Rick Ball Brandon L. Blevins Tracy Burleson John Churchwell William Denny Rob Ford Timothy Haack Robert Ball Sammie Blevins Tom Burnett Rosa Cisneros Holly DeRousse Christopher Fore Greg Haddock Cindy Balsly Blake Boecking Jerry Burnham Beth Clanton Jerry Derr Kodi Foreman Clarence Hadley Jeremy Banes Debbie Boggs Jerry Burns Darin Clanton Lisa DeSpain Jim Forney Josh Halbert Amy Banu Josh Bogle Sundee Busby Matt Clark Tracey Devera Jake Forrest Lindsay Hale Freddie Barela Mercedes Bolen Louis Bushiey Sheridan Clark Dewey Deville Douglas Fortney II Trey Hale III Judson Barker Richard Bolt Rocky Butler Dusty Clayton Adam DeVries Russell Fory Cary Hall Beata Barna Greg Bommer Kurt Bynum Charles Clevenger Trey Dewald Danny Foster Rob Hall Craig Barnard Justin Bond David Byrne Colt Clinesmith Bryan Dilger Jerry Foster Jr. Robert Ham Sharon Barnett Dustin Boone Matt Cagigal Thomas Clouette II Kaye Dillingham Daniel Foulke Zaid Hamdokh Jorge Barron Jared Boren Raymond Cagle Wayne Cloutet Donald Dobbs Jake Fowler Jeremy Hamill Julie Barron Ryan Bose Jonathan Caldwell Andrew Cludius Kristopher Dobbs Sonia Fowler Heather Hamilton Redmond Barry III Jimmy Bourlon Nathan Caldwell Ryan Coalmer Martin Dobson Tamara Fox Weston Hamilton Wayne Bartlett Alana Bouse Alan Callahan Tobie Coffey Jensen Doby Patrick Franklin Carolyn Hancock Travis Basinger Ronald Bowden Matthew Callahan Don Cogar Dustin Doerr Daron Fredrickson Sheila Harder Adam P. Basquez Jr. Clayton Bowerman James Calloway Stephanie Coil Chelly Dolinar Teri Freeland Melanie Harless Kyle Coldiron Chad Dome Holly Freeman Michael Harman Adam Cole William Donahoe III Phillip Freeman Charlie Harrington Ashley Cole Kevin Donaldson Amanda Friese Aaron Harris Dustin Cole Michael Donisch Joel Fulenwider Amy Harris Bob J. Coleman Adam Doty Mark Fulkerson Dustin Harris Robert T. Coleman Gary Driskell Kimberly Fuller Jeff A. Harris Mark Collier J.P. Dube William Fuller John Harris Dustin Collins Jed Dudley David Gaddy Michael Harris Joshua Collins Tim Dugan Randy Gafford Mark Harrison Stephen Collins Shannon Dulin Benjamen Gaines Daniel Hart Brad Collison Buck Duncan Juan Gallegos Jr. David Hart Denise Condos Jacob Dupuy Danny Games David Hatton Dustin Conley Bunky Dussetschleger Jr. Felipe Garcia Jerry Hausman Steven Conn Brian Duvall Melissa Gardner Shane Hayden Bill Connor Laren Easley Billy Gary Amanda Hayes Damon Connor Randall Easley Don Gatewood Charles Hayes Dustin Connor Justin Eason Todd Gatewood Kelly Hayes Brandon Cook Russ Eason Bill Gee Patrick Hayes Nathan Cook Dan Eaton James Geiser Stephanie Hayes Douglas Cooper Joseph Eddy Jr. Matthew Gelnar Doug Haymaker Misty Cooper Glenn Edwards Joseph Genovese Jr. Mike Haynes Catie Coppage Jason Elder Charles Gerlich Dustin Hays Ismael Correa James Ellard Jr. Marissa Gibbs Thomas Hays Anthony Corso II Ricky Ellington Christi Gibson Tyler Hays Chad Corwin Steven Ellington Jonathan Gill Kenneth Hazelwood SCREEN ON THE GREEN Oklahoma Employees and Dennis Cottrill Jr. Billy Elliott Eric Gillespie James Head William Coudding Catey Elliott Brian Gilliam Anne Heatly their families roll out the picnic blankets and unfold the lawn Michael Counts Jr. John Elliott Daniel Gilmore Gary Heinen chairs to enjoy an outdoor movie, carnival and dinner on the Todd Courson Lauren Elliott David Gilmore Lindsey Heintz company’s athletic field at its headquarters in Oklahoma City. Carl Covey Murphy Elliott Shane Glassey Christopher Heiskill Brian K. Cox Paige Elliott Barry Gober Kelly Helm Jennifer Cox Adam Ellis Neva Godwin Kim Helvey Stephen Crabb Laci Elmore Amy Gonzales Rob Hembree Stacey Baty Lesley Bowman Andria Campbell Robert Crank Keith Elroy Alfonso Gonzalez Jr. Kim Henderson Laura Bauer Mike Bownds Ian Campbell Rex Cravens Bryan Ely Francisco Gonzalez Kristi Henderson Benjamin Bax Chris Boyd Jeffrey Campbell Melanie Crawford Amber Embrey Hector Gonzalez Jr. Ron Henderson Kimberly Beal Diana Boyd Richard Campbell Tracy Crawford Alex Emerson Robert Gooch Jr. TJ Henderson II David Beard Eddie Boydston Adrianne Cannon Brently Creel Jeremy Engles Bill Goode Greg Henry Becky Bearman Gene Boyer Juan Cano Gary Crenshaw Sef Escajeda Carl Goodnight William Henry Justin Beatty Kyle Bradford Jon Cantu Daniel Crihfield Tom Esparza David Gordon Dave Henson Cory Beck Casey Brady Chris Carender Jeffrey Crihfield Joseph Etheredge Ashlynn Gosnell Alvaro Hernandez Larry Beckwith Danny Branch Alicia Carey Timothy Criner Bobby Etheridge Cody Goss Francisco Hernandez Arianna Bedell Jordan Brandenburg Terry Cariker Heath Criss David Evans Preston Gotes Mario Hernandez Jason Bedow Eugene Branham Grant Carlisle Steve Crocker Megan Evans Jacob Grafa Marisol Hernandez Sam Bedri Joe Branham John Carney Jade Crockett Michelle Evans Zach Gragg Romualdo Hernandez Jr. Rodney Belcher Danny Bratcher II Mark Carpenter Zachary Cromer Daphne Everett David Graham Jude Herring Ben Bell Erika Braver Earl Carr K.W. Cryer John Everett Jamie Graham Richard Hess Christy Bell Dennis Breakfield Craig Carte Julia Cuiksa David Fancher Jane Graham Claudus Hester Jr. Scott Bender Darryl Breland Darry Carter Sr. Robert Cumberland Jr. Rosa Farias Tim Graham Anna Hibbard Andrew Bennett Lance Breland Holly Cary Terry Cumberledge Keith Faris Lee Grampp Douglas Hicks Brooks Bennett Jeff Bridgwater Ben Case Jered Cunningham Gary Farnum Amanda Graves Josh Hicks Laura Bennett Eric Britton Alex Castaneda Timothy Curnutte Tim Farrington Kenneth C. Graves William Higginbotham Nathan Berg Keri Brock Jose Castellano Tasie Dahl James Faulkner Kevin Graves Hillary Higgins Barry Bergstrom Tanner Broomfield Ricardo Castillo Monte Dain Steven Feisal D’Angelo Gray Shawn Hignite

36 CHESAPEAKE ENERGY CORPORATION Shane Hilliard James Karraker Benjamin Lucas Jr. Joe McShane Jennifer Nunn Angelo Hilton Doug Kathol Dustin Lucas Josh McWhirter Denny Nurkiewicz Jr. Weston Hinton Rita Keary Elyse Lucchese Kacee Meadows Chima Nzewunwah Keasha Hobbs Chip Keating III Shane Luckett Robert Mecom Steven Oakes Charles Hodges Bradley Keech Gerardo Lugo David Medcalf Chad O’Brien Missy Hoehn Clayton Keenan Matthew Luna Michael Medcalf James Ocholik Joe Hofer Bill Keller Richard Luss Salvador Medina Jessica O’Daniel Duston Hoffman Karin Keller David Lynch Jessica Meek Andrew Odell Eli Hohn Kim Keller Penny Macias Lindsey Melott James Olson Eric Holcomb Amber Kelley Coleen Magness Joe Melton Mike Olson Dan Holden Jason Kelley Rhonda Maguire Guadalupe Mendez Clint Oltmann Adam Holland John Kerns Charlie Malcolm Renea Merchant Christina Ontiveros Colby Holland Pamela Kerr John Manes James Merrell David Ortega H.E.L.P. INITIATIVE Texas Janice Holloway Mark Kincaid Karissa Mann David Messer Michael Ortego Adrianne Holmes Freddie King Jr. Terry Mann Jennifer Messer David Orth Kristin Ballard, Ofﬁce Services Repre- Dennis Holmes Lanney King Mark Manos Renee Metcalf Ismael Ortiz sentative, makes new friends while Don Holt Nelson King Chris Marble Megan Meyer Vicki Otey Kyle Holt Ryan Kintner Shawn Maricelli Jonice Meziere Craig Overcash volunteering at Broadway Baptist Sheldon Holt Dayna Kirk Keith Marin Tiffany Mikel Aaron Overturf Church in Fort Worth. Tiffany Hopkins Timothy Kirkwood Travis Marker Jody Mikles Jeff Owens Greg Hopper Dale Kisner Nathan Marks Lynn Miler Michael Painter Ryan Horn Robert Kitchens LeeAnn Marley Anna Milledge Victor Palacios Adam Rackis Matt Rucker Tim Horne Kasey Kliewer Steve Marple Drew Miller Patrick Parish Jon Radka Raul Ruiz Matthew Horton Robert Kline Adrian Marquez John Miller Grant Parker Mark Raines Clarence Russell II Bud Hoselton Megan Klusmeyer Jamie Marriott Julie Miller Shaphan Parker Heather Ramsey Tim Rutherford Erin Howard Anthony Knuppel Rebecca Marshall Marc Miller Robert Parrie Robert Randolph Brian Ryel Nicole Howard Michael Koss Paul Marti Jr. Maurey Miller Benjie Parsons Brandy Ratcliff Steve Salter II Joe Howell Allison Krittenbrink Dustin Martin Rodney Miller Jeffrey Parsons Glenda Ratcliffe Matthew Sanders John Howell Ryan Krittenbrink Hugh Martin Jr. James Mills Jr. Jonn Parsons Clint Ratke Ryan Sanders Ronnie Hubbard Alischa Krystyniak Thomas E. Martin Brad Minick Matthew Parsons Anne Rawlins William Sanders Melissa Huddleston Dan Kucab Abel Martinez IV Gregg Miranda Chip Patton III Eric Ray Kevin Sanderson Tara Hudson Miranda Lacey Joe M. Martinez Mike Miranda Laura Patton Ismael Real Ramon Sandoval Mont Huff Jr. Steve Ladner Armando Martinez-Barrera Dexter Mitchell Mark Patton Ken Reardon Chad Satterfield Barry Huggins Miranda Lair Oscar Martinez-Barrera Christopher Moon Carissa Patzkowsky William Reather Jr. Scott Sayre Keystone Hughes Todd Lamb Laura Martini Kenneth Mooney Ally Payne Mike L. Reddick Jr. Bryce Scalf Omar Huizar Kelly Lamoreaux David Masiker Adam Moore James Peace Robert Redhat Cody Schaedig Tracy Hulsey Mindy Lamprich James Mason Andrew Moore Danny Peach Brittany Redmond Robert Scheetz Matthew Humphrey Clay Lancon Ryan Mason Ron Moore Seth Pearrow Jerriann Reeder John Schieber Joe Hunley Jason Landis Steve Mason Scotty Moore Tom Pearson Robin Reese Chris Schmitz Danny Hunt Nikki Landsberger John Masterson Carl Mootz Ty Peck Nathan Remedies John Schneider Steven Hutchens Jr. Dustin Langley Matt Matos Billy Moran John Peek Sr. Jaime Resendiz Charles Scholz Jr. Daniel Hyatt Abel Lara Darrick Matthews Coby Moran Brandon Peffer Gregorio Reyes Klint Schroeder Steven Hyatt Lindel Larison Jr. Bobby Mattice Roger Moreau Scott Pegg Alyse Reynolds Jeff Scoggins Angela Ibara Toby Lattea Jared Maus Dwight Morey Michael Penner Joy Reynolds Jon Scolamiero Katy Igarta Aaron Laubhan Peggy Maxell Michael Morey Nick Penner Craig Rhodes Amanda Scott Gerald Irwin III Eugene Lauricella Joseph May Danney Morgan Kellie Pennington James Richards David Scott Ernie Isenhart Andy Lawrence Benjamin Mayer Grant Morgan Nathan Peppers Stan Richards Gina Scott Kate Ivey Wallace Lawrence Anthony Maze Heather Morgan Fernando Perez Drew Richardson Jon Scott Monsuru Iyanda Cheryl Lawson Christopher McAlvain John Morozuk Hugo Perez Najera Zachary Richardson Justin Scott Lucio Izguerra Toni Lawson Harold McArthur Chad Morris Richard Perkins Vernon Ricketts Mason Scott Alan Jackson Luke Lawver Jim McCall Jr. Jared Morris Gene Perry Christopher Ricks Nathanial Scott II Angela Jackson Reagan Lea Michael McCann Marc Morris Melissa Petty Brent Riggs Hilary Seagraves Beverly Jackson Greg Ledbetter Michael McClanahan Melinda Morris Philip Pfister Randy Riley Steven Sears Cara Jackson J. Lee Josh McClary Steve Morris Lisa Phelps Jesus Rivas Nick Sentell Roger Jackson Melissa Lee Josh McCollom Roxanna Morrow James Phillips Joseph Rivers Jr. Keith Senti Larry Jacobs Tony Lee Randy McCollum Jean Mort Joseph Pilcher Jerri Robbins Rodger Settle Cody Jacoway Warren Lee Elizabeth McCormick Don Mosher Jonathan Piper Katy Robbins David Seyler Jose Jacquez Jeremy Leger James McCormick Jr. Steve Mossor Brad Pipins Jesse Roberts Howard Shamblin Jeremy James Brandon Lehoski Jay McCormick Jr. Richard Mullican Clay Pitts Justin Roberts Charles Shannon Ken James Tim Leierer Wayne McCormick Daniel Muncy Brian Plum Luke Roberts John F. Sharp Tommy Jamison Dan Leiphart Jeffrey McCoy Ron Munyon Carl Poe Jr. Royce Roberts Sharon Sharp Victor Jaramillo Logan Lemley Larry McCoy Matt Murphy II Neal Poindexter Dean Robertson Jr. Jim Shaw Stephanie Jaronek Luis Lerma Fadoua McCray Angie Murray Randy Pons Amber Robinson Brian Shelton Billy Jeffers Christa Levescy Joshua McCray Carl Murray Dennis Pool Heath Robinson Jerry Shelton Clint Jennings Joshua Lewellen Robert McCue Chris Murray Eddie Posey Armando Rocha Kerri Shelton Blu Jernigan Chelsea Lewis John McCullough Jason Murray J.P. Potter David Rodgers Paul Shelton Li Jett Greg Lewis Michael McDaniel Laura Murray Fred Powell Amanda Rodriguez Matt Sheppard Pablo Jimenez Stacey Lewis Miles McDaniel Ryan Murray Jerry Powell Jr. Art Rodriguez Jerry Shifflett Billy T. Johnson John Libhart Robert McDaniel Lee Mustard Troy Powell Juan Rodriguez David Shinn Jr. Brenda Johnson Chuck Lilly Dustin McDaugale Danny Myers Kenneth Prangler Jr. Johnny Rodriquez Taylor Shinn Dannie Johnson Jennifer Lindsey Debby McElreath Patrick Myers Judy Pratt Melanie Roe David Shirley Jr. Jason Johnson Laura Linn Jon McEntire Chris Nartey Mitra Pratt Michael Rogers Josh Shirley Kyle Johnson Cory Listen Juan McFadden Alvaro Natividad David Prenatt Richard Rogers Amber Shockley Kyle R. Johnson Jeremy Litton Charles McFarland David Nelson Elizabeth Price Tommy Rogers Rachel Shortt Randell Johnson Brian Lockart Julie McGill Roger Nelson Kristopher Price Alan Rogstad Larone Siemsen Stephen Johnson Nicole Logsdon JP McGinley Cathy Nester Amanda Priest Grant Rohlmeier Corey Simmons Tyler Johnson Angie Lohner Billy McKamie Bob Newport Jerry Pritchard Jr. Clint Roland Cynthia Simms Perry Johnston Ethel Long Jake McKeever Cary Newton Amanda Proctor Carlos Romo Chris Singleton Aaron Jones James Long Mark McKelvey Sean Nguyen Adrian Proudfoot Jeffrey Ronck Clay Skoch Anne Jones Alfred Loper Christopher McKown Joshua Nichols Clint Province Justin Roper Kamberly Skoch J. Scott Jones Javier Lopez Stuart McLain Thomas Nicholson Kristin Prudhom James Roshto James Slaten Jeff L. Jones Eric Loudenslager Jim McLaughlin Todd Nickels Gary Pruett Achley Ross Fred Slaughter Marvin Jones Jr. T.D. Louis Randy McLaughlin Jr. Jason Nielsen Barkley Pruitt Dan Ross III Larry Smallwood Chad Jongeling Karson Love Jonathan McLendon Timothy Noland Elizabeth Prykryl Michael Ross Pat Smelley Chris Jordan Michael Love John McLeod Derec Norman John Pugh III Michelle Ross Amy Smith Rigo Juarez Shirley Lovelady Don McMahon Tommy Norman Brett Purvine Amber Rosser Bonnie Smith Andy Kapchinske Brandon Lovell Terry McMinn Scott Norris Bill Queen Yury Rouba Bradley Smith Andrew Karber Michael Lovell Tyrel McNatt Alvonne Nuall Sylvia Quintana Greg Rowland Brooke Smith Tiffanie Karber Lu Lovett-Voss Nathan McRae Kristin Nugent James Rachal Jimmie Rowland Bryan Smith

EMPLOYEES 37 Clovis Smith Kiel Talbert Laura Wallace Jesse Yule Ryan Barnes James Brakefield Jose Carrizales Darrell Smith Jason Tannehill Catalina Wallo Ervin Zacharias Dan Barnett Jason Bramlette Jason Carroll Jonathan L. Smith Ryan Tanner Monica Walls Jacob Zacharias Joshua Barron Michael Brannum Tommy Carroll Kirk Smith Christie Taylor Adam Walsh Travis Zamora Jeff Barry Rodger Bratton Trent Carroll Michael W. Smith Robert Taylor Chelsey Walstad Jenny Zhang Jenni Bartel Brett Brayton Edward Carson Monte W. Smith Roberta Taylor Lori Walters Lester Zitkus Steve Barwick Neal Breazeale Kathy Carson Shane Smith S. Kyle Taylor Michael Walters Kathryn Zynda T.D. Baskin Aimee Breeze Tami Carson Sharla Smith Theressa Taylor Kyle Waltisperger Chris Basler Robert Brevelle Cam Carter Boyce Smithson Tom D. Taylor III Danny Ward 2008 (1883) Susannah Batchelor Heath Brewer Eric Carter Anna Snedeker Tom W. Taylor Robert Warren III Ricky Aaron Ston Battisto Grady Briley Kevin Carter Randy Snow Anthony Thomas Nick Watkins Jerad Abbott Brooke Battle Katie Brinlee Rainey Carter Jason Solley Danny Thomas Matthew L. Watson Richard Abel Gil Bayer Rock Briscoe William Carter Jane Southard Dennis Thomas Jason Waybourn Kacy Abney Luke Baze Sammy Briscoe LaQuitta Carter-Pearson Douglas Sparks LaDonna Thomas Kelly Weaver Jose Adame Timothy Beach Bull Brister Terry Casbeer Victor Spikes Mark Thomas Jeremy Weeks Juan Adame Jason Beagle Pam Brocato Toby Casey Paul Spoon Thaddius Thomas Linda Weeks Darla Adams David Bean Stacey Brodak Keith Caslin Christopher Spratt Trista Thomas Logan Wehling David Adams Rinda Beard Candace Brooks Baige Casto Chris Sprute Khristen Thomason Cody Weir Jeremiah Adams Matthew Beason Johnny Brooks Bobby Caswell Colby Staats Cameron Thompson Jody Weir John Adcock Ben Beaver Timothy Brooks David Cates Gary Stacy Charlie Thompson Alison Weis Matt Aderhold Zac Beavers Tom Brooks Jarrod Causey Joshua Standifer Harold Thompson Melissa Wells Doug Adkins Carla Beaves Dallion Broomfield David Cerezo Carl Standley Ken Thompson Gary Wencl Douglas Adkins Kate Beavin Brenda Brotherton Vinicio Cerezo Johnny Stanford Matt B. Thompson Brandi Wessel Adam Aguirre Robert Beckwith Hugh Brower Alejandro Chacon Yukino West Jeffery Ainsworth John Bedgood Blaire Brown Elliot Chambers Laura Whaley Amber Alcorn Jordan Bedwell Brandon Brown Tory Chambliss Buck Wheat Dennis Alder Ryan Bellew Donald Brown III Jay Chancey Jr. David Wheeler Julie Alder Alifonso Beltran Donita Brown Joe Chandler Rebekah Wheeler Christa Alderman Edmund Beltran Hunter Brown Jerri Chapin-Terrazas Lauren Whitaker Greg Alexander Troy Bending Janet Brown Brian Chapman Gary White Karen Alexander Cynthia Benford Laura Brown Caleb Chapman Jennifer White Christopher Allen Leticia Benitez Steven Brown Justin Chapman Lain White Sondra Allen Bob Bennett Justin Browning Reaford Charlson Mike White Justin Allert Brandon Bennett Jerry Brumfield Alfred Chavez Randall White Beth Allgood Dustin Bennett Elaine Brummett Mayra Chavez Robert White David Allien Johnny Bennett Daniel Brunsman Raven Chavez Roger White Kevin Allison Cody Benson Cody Bruton Bradley Chervenka Sara White Reno Alton Brett Bentley Steve Bruton Courtney Childress Todd White Jerame Aly Jerry Bentley Jeremy Bryan Lisa Christmas-Pretlow Jim Whitefield Jr. Manuel Amaya Jim Benton Frankie Buckner Robert Cisneros Wendy Whitfill-Embry Derek Amyx Kevin Bernis David Buffington Britnee Clapp Joni Whitney Heather M. Anderson Steve Berry Charli Bullard Andrew Clark Kiley Wiewel Matt D. Anderson Dave Bert Russel Bumgardner II Cassie Clark RIG TOUR Oklahoma Allen Wiley Matt S. Anderson Todd Bevins Rose Bunkley James M. Clark Wayne Wiley Milton Anderson Jr. Tony Biasatti Grant Bural Reino Clark Office employees learn from field Colton Wilkinson Shannon Anderson Eugene Bickel Amy Burch Thadeus Clark employees how the company explores Allison Williams Steven Anderson Bob Bickham Catherine Burdg Thomas Clark for and produces natural gas through Amy M. Williams Mara Andrews Joseph Billings Emily Burgess William C. Clark Christopher Williams Shari Annuschat Donnie Bishop Eddie Burk Steven Clarke drilling location tours. David C. Williams Brian Archer Tim Bishop Kristen Burke Shelia Clayton Derek Williams Lucy Arebalo Galyn Black Laura Burke James Clem Jason Williams Dann Armour Jeremy T. Black Dianna Burks Allen Clift Travis Stankorb Raymond Thompson Jerry Williams Dawn Arnhart Bradford Blackcrow Amber Burlison Kelsey Clinesmith Todd Starkey Laura Tiffany Joe A. Williams Chris Arnold Joshua Blackwell Jason Burnett Terry Clinton Charles Steaveson Brandon Tindle Joe L. Williams Jason Arnold James Blankenship Tyler Burris Diane Cloud Greg Steele Michael Tingle Sherwin Williams Matt Arnold Kevin Blankenship Josh Burroughs Wesley Coats Michael Steinhour Ronny Tinker Shelli Williamson Tim Arnold Timmy Blankenship DaShawn Burse Eric Cobb Berk Stephens Adam Tinney David Willis II Billy Arnolds Jr. Damon Blasingame Kelley Busby Wesley Cofer Darrell Stephens David Tollan Paul Willis Bryan Arrant Kenny Blaylock Ryan Bushman John Cogar James Stephens Thomas Tollett Bruce Willmott Amber Arterberry Brandon M. Blevins Adam Butkus Rick Cogar Rodney Stephenson David Tollison Craig Wilson Lauren Ary Shane Blevins Ricky Butler Brandon Colbert Carly Stevens Matt Toppins Lacie Wilson Jason Ashley Chris Blockcolski Joseph Button Adam A. Cole Sara Stevens Katie Torres Matt Wilson Johnny Ashton David Blythe Michael Button Mike Cole Scott Stevenson Mary Anne Townson Robert Wilson Erin Austin Emily Boecking Timothy Button Chris Coleman Brian Stewart Keith Tran Sabreena Wilson Jesus Avila Torres Dustin Boeckman William Buzan Matt Collingsworth Rebecca Stewart Van Tran Chasta Wimmer Crystal Bacon Kenton Boevers Steven Byers Sr. Tyler Collins Ryan Stewart Guy Trent Kyle Winkler Richard Baden Emiko Bogard Alan Byrnes Melinda Colquitt Steve Still Tyler Trent Laura Winkler Jesse Bailey Michael Boiles Francis Caffey Keith Colwell Jason Stinson Lauren Trull Rory Winter Joshua Bailey Casey Boland Lacy Cagle Antonio Compean Ken Stinson Adam Tucker Lane Witt Patrick Bailey Misty Bolanos Sharon Cahill Daniel Conard Joe Stockton William Tuinstra Dallas Wood Tommy Bailey Kelly Bond James Cain Richard Conley Natalie Stockton Jon Tuller Dan Wood Jimmy Bailey II Michael Bone Jamie Caldwell Bennie Connolly William Stokes Ottie Turner Jr. David Wood Blake Baker Mitchell Boone Jesse Caldwell Leslie Connor Michael Storey Lane Umsted Rick Wood Charles Baker Jr. Ernesto Bordayo Jr. Brandon Calhoun Jason Conway Mark Strack Chris Unwin Tara Wood Dashawn Baker Dan Borum Crystal Callahan Toney Conway Jr. Jason Strawser Rick Urash Eric Woodard Donnie Baker John Bostwick Chad Callender Christopher Cook Kevin Strawser Kristin Vafadar Cameron Woods Krista Baker Bruce Boudman Andrea Calvanese Dianna Cook Ordare Stribling Miguel Valero-Esparza Tyler Woods Larry Baker Christopher Boulet Joe Camacho Jr. Landon Cook Jessica Stricklin John Vankirk Jr. Sean Woolverton Ronald Baker Ginny Bourke Rafael Cambron Nate Cook Ryan Stricklin Shawn Vasseur Tammy Worrell Dennis Balentine Steve Bourke Kody Cammack Sean Cook Sarah Struck Merrilee Veres Darren Wraspir Allison Bales Cooper Bourne Grover Campbell Sherri Cook Terry Stuck Ronald Vesely Lacey Wright Kristen Balla Veronica Bowie Brandon Cantrell Jim Cooper Isaac Stump Jr. Kristen Vickrey Magan Wright Kristin Ballard Johnny Bowman Alexander Cardenas Larry D. Cooper Damon Suderman Nathan Viggers Shalen Wyatt Levi Ballard Ken Bowman Billie Carender Will Cooper Casey Sullivan Tara Voth Mark Wyckoff Melissa Bane Brandon Boyd Mike Carlson James Cope Teri Swarengin Alexa Wade Mike Yarbrough Ron Baranski Jr. Donald Boyd Jeffrey Carpenter Steffany Copeland Jonathan Swarthout Josh Walker Shaun Yates Garry Barbee Tony Boyd Sandy Carpenter Paul Cornelius IV Michael Swonger Kristen Walker Nathan Yeats Joshua Barker Amanda Boyle Harold Carr Josh Cornell Auna Tackett Johnny Wall David Yelle Ashley Barlow Chris Brady William Carrell Jessica Cornett Paul Tackett Brandon Wallace Preston Young Adam Barnes Matt Brady Andre Carrethers Daryl Correll

38 CHESAPEAKE ENERGY CORPORATION Terry Cortez Dwayne Dockens Pete Flores Gary Gould Eric Haskins Mark Huckaby Brent Jenkins Jim Costin Ken Dodson Lora Florez Tommy Grace Rex Hass Levon Hudman Matthew Jenkins Jeffery Cotherman Jimmy Doolittle Jr. David Floyd Corey Graham Floyd Hathaway Jr. Lyle Hudnall Joseph Jennings Cole Coulter James Dorsey Christopher Forcucci Julie Graham Kevin Hathaway Chris Huey Brandi Johnson Randy Counts Zach Dorsey Leonard Foreman Lindsey Graham Chalis Hatton Brian Huff Dawn Johnson Mario Coutino-Silva Jerry Dotson Jr. Patrick Foreman Neil Granberry Nathan Hatton John Huff Jake Johnson Zach Cowden Rod Dotson Debbie Forester Robert Grant Jr. Ashley Hausman Bryan Huffaker Jeremy Johnson Aaron Cox Billy Dougherty David Foshee Chris Gray Ron Hawkins Daniel Hughes Jeremy S. Johnson Billy Cox Paige Dougherty Jonathan Fouse Shane Gray Ronald Hawkins Derrek Hughes Joseph Johnson Christopher W. Cox Josette Doughty Cassidy Fouts Michael Gredler James Hay Kennith Hughes Lindsey Johnson John Cox Eric Douglas Bill Fowler Billy Green Jr. James Hayes Walter Hughes Manny Johnson Micah Cox Jerrod Dovell Brandon Fox David Green Wesley Hayes Daniel Humphries Michael C. Johnson Orrin Cox James Dowdell Phil Fox Jerod Green Ray Hayford Kasey Hundt Rickey Johnson Jimmie Craig Bobby Downs Mike Franklin Kenny Green Jr. Kevin Haygood Nick Hunley Michael A. Johnston Kurt Craig Brett Dreyer Belinda Franko Mark Green Terry Haynes Holly Hunter Michael Johnston II Casey Crawford Reginald Drummer Gordon Frayne Jr. Mattie Green Donnie Hays Michael Hunter Carrie Jones Jerry Crawford Jr. Oscar Duarte Gregory Frazier Teddy Green Jr. Terry Heard Jared Hurst Cindy M. Jones Kasi Crawford Danny Dudley Allen Frederick Chris Greene Timothy Hearnsberger Patrick Hurst Cody Jones Paul Crawford Matthew Dudley Joseph Free Edgar Gregory Kevin Heflin Robert Hurt Denton Jones Thomas Creecy Michelle Dugan Armando Frias Kevin Gregory Lesa Heilhecker Chad Hutches Dustin Jones Rosalinda Crespo Amy Duke Norris Friend Larry Gregory II Tony Hellar Jessica Hutson Grant Jones Dale Crites Dana Duke Philip Friesen Michael Gregory Norman Helmick Brian Hyden Jenny Jones Thomas Crites Richard Dunagan Paula Friess Sarah Griffis Jeffrey Helwick Jesse Hylton Jody Jones Nicky Crocker Vallie Dunklin Steve Frost Owen Grimes John Hemmings Jose Ibarra Johnny Jones David Crooks Jason Dunlap Gilberto Fuentes-Perez Kenneth Grimsley Megan Hendricks Kathleen Crooks Chris Dunn Bobby Furr Dakota Gring Cory Hendrickson Christi Crotsley Jean Ann Dunn Joe Gabriel Larry Grissom Eric Hendrix Jennifer Crouch Lesley Dunnagan William Gage Mike Grooms Johnie Henessee Nick Crouch Tadd Dunnahoe Blaine Galbreath Kenneth Grothe Jimmy Henington David Crouser Ericka Durham Kasha Galla Tyler Groves Curtis Henry Eusebio Cruz Chris Dybvig Cole Gallaway Ramana Gudapati Hayden D. Henry Rudy Cruz Alicia Dye Nicole Ganaway Eduardo Guerra Hayden F. Henry Daniel Cruz-Mora Benjamin Dyne Kevin Gant Miguel Guillen Keith Henry Dodie Cullen Ron Dysart Francisco Gaona John Guillory Patrick Heringer Jane Cunningham Erick Eads Eliseo Garcia Greg Guinn Alex Hernandez Kent Curran Jonathan Easter Leonel Garcia Jacob Guinn Andres Hernandez Raymond Dabney Monte Eastman Dan Gardner Johnathan Guth Leslie Hernandez Bruce Dake Sean Easton Tim Garey Manuel Gutierrez Norman Herrera Cody D’Alessandro Bryan Eddington Matt Garlington Charley Gwin Shawn Herring Colleen Dame Travis Edds Jennifer Garner DJ Hackney Joan Hess Kiran Darapureddy Jacob Edster Junior Garnes Richard Haertlein Steven Hey Raymond Daugherty Chris Edwards Rick Garnett III Brooke Hagedorn Thea Hibbard Jr. Tyler David James Edwards II Johnny Garrard Jr. Tim Haladay Charles Hicks Chet Davies Kyle Edwards Bryant Garrett Michelle Hale Clint Hicks Brandon Davis Paul Edwards Donny Garrett Rick Hale Freddy Hicks Jr. Cayla Davis Will Edwards Asael Garza Rusty Hale Mike Hicks Charles Davis III Tyler Eilers Herman Garza Julie Haley Nicolai Hicks David L. Davis Janna Ellenburg Austin Gaspard Brad Hall II Nigel Hicks Francis Davis Brad Ellett Sarah Gately David Hall Raquel Hicks Greg Davis Shane Elli Cody Gates Jeff Hall Ryan Hicks Joshua Davis Jake Elliott Yelena Gatewood Lindsey Hall Adam Hill Mark Davis Stephen Elliott Eshetu Gebretsadik Randall Hall Amy Hill Franklin Daws Troy Elliott Katie Genovese Richard Hall Jennifer Hill Jason Day Erin Ellis Mel George Ron Hall Lisa Hill Jill Day Shawn Ellis Mike Gialousis Dale Hallet Megan Hill Tim Deal Bo Embrey Mike Gibson Tyler Ham Zach Hill HOLIDAY LIGHTS Oklahoma Ashley Dean Myron Emmons Jr. Jeffery Gilder Joe Hamby Gwen Hillhouse Robert Dean Matthew Enkoff Mike Gile Lauren Hamm Justen Hinkle Beautifully lit trees on and around the Phillip Deaton Timothy Ennis Chad Gill Jimmie Hammontree Jr. Glenn Hively Chesapeake campus create a holiday Belinda Debter Emil Enoff Jr. David Gilley Melvin Hampton Robert Hixon Sam DeFoor Tonya Enriquez Tom Gilmore Debra Haney Terry Hobock landmark each year in Oklahoma City. Tim Dehan II Kitty Ensminger Trasey Gipson Heather Hanmer Sally Hoch Nick Dell’Osso Jr. Clinton Erwin Tyler Gizzi Lee Hanna Jr. Edward Hodges Pam DeLong Williams Espino Blake Gladhill Mike Hanson Joannie Hodges Braxton Imke RJ Jones Drew DeLozier Christian Estep Brent Glasgow Mark Harding Danielle Hoeltzel Brian Ingalls Stacey Jones Jennifer Demel Jeremy Estep Jeff Glenn Nicholas Hardwick Ejli Hofeldt Marcus Ingram Tim Jones Kenneth DeMoney Crystal Evans Larry Glime Clarence Hardy Stephen Hoff Neil Ingram Joshua Jordan Toney Dempsey Jay Evans Brian Glover Cleophus Hardy Craig Hoffman Steven Ireland Steve Jordan Jaci Deterding Alisha Fagala Chad Glover Dale Hardy Ira Hoffman Liesl Irwin Sarie Joubert Benjamin Deville Travis Farmer Robert Gober Jr. James Hardy II Austin Holland Ryan Irwin Kevin Judd Kolby DeVille Fred Farndon Robert Goff Jr. Brett Hargrove Jim Holland Misty Isaacs Logan Judd Michael Dew Donovan Farrow Tami Goike Jimmie Hargrove Molly Holley Koby Ivey Michael Justice Curt Dewbre Jonathan Faughtenberry Sandy Goins Loretta Harkins Jeffrey Holliday Paul Ivey Jeanne Kaminski David DeWitt Mark Faulkner Wayne Goldman Christopher Harman Crystal Holsinger David Ivy Sylvie Kao Donald Diamond Gary Favor Ryan Goltz Jordan Harmor John Holt Adam Jackson Matt Karl Melissa Dickey Erin Fay Justin Gomes Jennifer Harms Megan Honeycutt Darrell Jackson John Kastelic Michael Dickinson Rob Fell Jose Gomez Casey Harrell William Hood Jr. Dwight Jackson Lauren Kastner Robert Dickson Carl Fenderson Juan Gomez Ben Harris Wesley Hooper Randall Jackson Richard Kastner Wade Dietzman Edgar Fernandez Nate Gomez Jeannie Harris Deidre Hopkins Isaac Jacobson Russell Katigan Chad Diffey Gabe Ferrell Eleuterio Gomez-Martinez Lee Harris Johnny Horn Travis Jacobson Christopher Keith Tiffany Diggins Paul Fesler Rachel Gonser Mark A. Harris Cliff Hornsby Skip Jacot Angi Kelley Kevin Digney Reginald Fielding Hector M. Gonzalez Mark L. Harris Ben Horton Clifford James Kim Kelley Scottie Dill Keri Fieno Pete Gonzalez Timothy Harrison Chad Horton Kyle James Steven Kelley R.B. Dillard Jr. Matt Finney Christopher Goodin Drew Harrold Janna Hoskins Scott James Pam Kelly Bryan Disher Neil Fisher Cindy Goodwin Kenneth Harsh Trevor Houston Renner Jantz Josh Kemp Tom Divine Chad Fitzgerald Daniel Goodwin Curtis Hartley Veda Howell Timothy Janzen James Kennedy Shane Dixon Derek Flesner Kat Goodwin Rowdy Hartley Jared Howerton Carly Jaro Walter Kennedy Allen Doan Joel Flores Carol Gordon Steven C. Harvey Chloe Howlett Holly Jarolim Clint Kenner Joshua Doane Kevin Flores Tony Gore Jeremy Harvill Clay Hubbard Scott Jeffrey Shane Kennon

EMPLOYEES 39 Sonia Kepler Blake LeBlanc Rafael Madrid Leslie McKeever Kevin Murray Josh Pearman Jose Ramos Bruce Kessler Andrew Lee Richard Mahlock Russell McKibben Steve Murray Darby Pearrow Nelson Ramos Chuck Ketterman Jesse Lee Troy Mahurin Brandon McKinley Katrina Myers Jarrod Pearrow David Ramsey Branden Killingsworth Joshua Lee Michael Major Willie McKinley Heather Myres Joe Peck Derrek Ramsey Kristopher Killman Kent Lee George Malone Alicia McLaughlin Shane Nafe Kip Peck Dina Ramsey Isaac Kimbrough King Lee Tim Mangham Cody McLaughlin Gavin Nailon Tonia Peck Paul Ramsperger Aaron King Jr. Homer Leger Sr. Rico Manjarrez Kippy McLelland Trebor Nall Christopher Pena Roy Randolph III Justin King Tiesa Leggett Jonathan Manning Michele McLemore Bobby Nance III Christina Pendarvis Jared Ranum Leah King Frederick Lembach III Mike Mannschreck Aron McPike Crystal Nance Eric Pendleton Jenn Rauber Rachelle King Gregory Lemley Joe Manshack Edward McQuaide James Neely Tim Pendleton Shawn Rawls Jade Kingcade Pamela Lemley Matt Mantell Cami McQuerry Kyle Neuenschwander Aaron Penix Leif Rayburn Kyle Kinney Robert Lemons Tyler Manwell Chad Meadows Mike Newkirk Keith Peppers Amy Reames James Kirby John Lennon Alberto Manzano Andrew Meadville Casey Newman Angela Perez Scott Reddick Bruce Kirkland Carmen Lentz Michael Mapp John Mease Dana Newman Charles Perez Austin Reed Timothy Kirl Tiffany Leschber Britt Marchbanks James Meek Joshua Newport Francisco Perez Jamie Reed Don Kirschener Jacob Lester Ronald Marchbanks Ronnie Meeks Steven Newton Jr. Juan Perez Jim Reed Steve Klassen Donald Leverich Paul Mares Jr. Derrick Megli Chi Nguyen Jesus Perez-Garcia Jerry Reeves Stephen Klein Christopher Lewis Dennis Marsh Ryan Mehan Derek Nicholas Richard Periman Kent Regens Jake Klingenberg Jerry Lewis II Gary Marsh Cody Meier Derek Nichols Jerry Perkins Andy Rehm Gordon Klundt Kent Lewis Clint Martin Araceli Mejia Rome Nichols Keera Perkins Jason Reid Bobby Knapp Micah Lewis Jimmie Martin Andy Melton Susan Nichols Jamie Perot Mark Reinhardt Shayne Knapp Nathan Lewis Mary Martin Zeke Melton Brandon Nicholson Melvin Perrin Danny Reno Blake Knight Cody Light Michael A. Martin John Melville III Diane Nickel Charlie Perry Jr. James Retherford Tamara Knight Wes Liles Michael Martin Taron Mendez Mark Nipper Farron Perry Alisha Reynolds Tripp Knight Kelli Lindsey Stacy Martin Kevin Mendoza Gary Nix Micah Perry Jackie Reynolds Douglas Knighten Brian Linger Timothy Martin Tatiana Mercer Henry Nixon Nicole Peters Chris Rial Henry Konan John Lingle Fabio Martinez Carter Messer Chad Noland Gina Peterson Amanda Rice Glennette Koon Sandy Lister L. Joe Martinez Stanley Messer Joseph Norman Marie Peterson Don Richard Justin Koonce Travis Little Leo Martinez Kenneth Metheny Chase Norris Jarred Pettijohn Mark Richards Ryan Koontz Rick Little Axe Luis Martinez Alan Metz Tony Norris Thao Phan Pat Richards Randy Kopisch Jr. Mark Locklear Rodolfo Martinez Josh Mey John Nuckols Steven Phathong Richard Richards Chuck Kordis Jr. Angela Loest Tony Martinez Adam Meyer Aimee Null Ricky Phillips Heath Richmond Steven Kosciuk Phil Logsdon Corina Martinez-Malone Troy Meyers Thomas Nunley Vernon Phillips Jr. Dale Riddle Sue Koskela Bryan Lohoff Pam Massey Gordan Michaelis Fred Nunn Charles Philyaw Shane Ridenour Scott Kueck Joshua Long Jenn Masters Kevin Mick Cassi Nunnery Sam Pickett Jill Ridley Rick Kuper Richard Long Jr. Lauren Masters Michael Mikulenka Jr. Jane Nye Christopher Pilgreen William Rieg Jr. Dustin Kurtz Blake Looney Mike Mathis Alex Miller Jason Oblander Kevin Pinkston Bob Rieser Kade Kusik Kristi Looper Timothy Mathis Drew Miller Jessica Ockershauser Lindsey Pitt Julie Rigsby Jeff Lagaly Andy Lopez Bryan Matthews Emily Miller Ray Ofosu Cindy Pittman Chad Riley Melissa Lambert Luis Lopez Matt Matthews Jeanna Miller Dane O’Glee Aaron Place Claude Riley Jr. Nelson Lane Paul Lopez William Matthews Jr. Josh Miller Kyle O’Kelley Norval Place Jr. Matthew Riley Michael Langford Robert Lopez Brian Matula Rickey Miller Leah O’Kelley Jeff Plangman Allen Roach Sam Langley Susan Lorenzen Brett Maughan Steve A. Miller Jill Olney William Plant Bill Roach Nicole Lanphear David Lowe Angel Maxwell Dan Mills Brett Olson Arturo Plascencia Adam Roberts Lawrence LaPlante Cody Lucas David May Scott Mills Nate Olson Charles Platt Eric Roberts Andy Large Mikel Lucas Johnny May Nichole Minnick Chad O’Neal Adam Pleasant Larry Roberts Jr. Bobby Laster Hector Lujan-Jurado Dennis Mayo Tabb Minor Andy Opella Ryan Plummer Megan Roberts Ryan Laster Robert Lumley Melissa Mays Kathy Mires Dillon Orr Paul Plunkett Rhett Roberts Chris Laughlin Cecil Luttrull Joseph Mcalister D’Antae Mitchell Fausto Ortiz Adam Podschun Ronnie Roberts II Matthew Lawrence Donald Lynch Kim McAuliffe Juliet Mitchell Pedro Ortiz Erryn Pollock Bill Robinson Michael Lawrence Terra MacAloney Garret McBrain Jeremy Mixon James Osborn Everett Poole Charles Robinson Jeffery Lawson Grant Macdonald Allison McBride T-Roy Mize Gregory Osbourne Jordan Pope Clarence Robinson Kenneth Lawson Jr. Glen Mackie Ray McCallister Brennan Moates Lindsey Oswalt Kevin Postalwait Dustin Robinson Dustin Leavins Greg Macksood Gary McCartney Jeffrey Mohs Jeremy Otahal Maria Postman Jonathan Robinson Nick Leber Michael Madar Dakota McCarty Gilbert Moncivais Patricia Otero Brian Potocki Meg Robinson Randy McCarty Mark Mongold Ray Oujesky Stacy Potter Rob Robinson Roy McCasland John Montgomery Aimee Owen Micheal Potts Robbie Robinson Branden McClain Myron Montoya Jr. Courtney Owens Jackie Potvin Tim Robinson Alan McClure Christie Moody Savanna Owens Sr. Randell Powell Jr. Clayton Robison Scott McCollum Amanda Moore Jon Pace Rowland Powell Justin Roby Kevin McCotter Leland Moore II Lupe Pacheco Tiburcio Prado Bertha Rodarte Dennis McCoy Michael L. Moore Andrea Painter Josh Prater Paul Rodgers Jr. Don McCoy Rex Moore Kim Painter Roger Prater II Eric Rodriguez Lance McCoy Roy Moore Brenda Palacios Paul Pratt Esdras Rodriguez Tommy McCoy Timothy Moore Tyler Palesano Frankie Preston Eustaquio Rodriguez Jamie McCracken Walter C. Moore Emerson Palmer Mike Priest Raul Rodriguez Jeffrey McCroskey Matthew Moran James Palmer II Lisa Pritchard Eddy Rodriquez Rick McCurdy Mandy Moreno Matt Palmer Sade Proby Roberto Rodriquez Jr. Brandy McDaniel Renita Moreno Jay Parham Aaron Procell James Rogers Justin McDaniel Brandon Morgan Chase Paris Christen Proctor Michael B. Rogers Alvin McDonald Charles Morgan Brad Parker Barry Pruitt Jr. Nathan Rogers Emily McDonald Eufaula Morgan Drew Parker Duane Puffer Timothy Rogers Sr. Matt McDonald Shanon Morris Joshua Parker Cody Puffinbarger Kiley Rollins Shannon McDonald Hillary Moseley Taylor Parker Nathan Pumphrey John Roney Danny McDowell Terri Mosher Tommy Parker Jody Purcell Rebecca Roper BIKING FOR A CAUSE Tony McEntyre Tyson Moulder Whaquine Parker Brian Putnam Trey Roper III Oklahoma Martha Burger, Senior Julie McFarland Michael Mowrer Jordan Parmer Roger Putnam Manuel Rosas Becky McGee Kevin Moxley Robley Parmer Randy Pyle Teresa Rose Vice President – Human and Corporate Jamie McGee Pat Mullen Ercil Parsons T.J. Pyle Jack Rosenberg Resources, cheers for Bobby Bolton, Roderick McGee Lester Mullins Jason Parsons Amber Qerama Dee Ross Lonell McGhan Clint Mullis Stuart Parsons Matt Quade Chris Rosson Chesapeake Land Manager – Anadarko Kiley McGlothlin Adam Muncy Ranita Patel Jacque Qualls Harvey Rotramel Jr. District, who rode more than 130 Keri McGuire Ricky Muncy Alex Patton Randall Radcliff Rusty Roush Jason McIntosh Bond Munson Travis Patty Joseph Ragsdale Staci Rowell miles to help buy new uniforms and Charles McIntyre Rafael Murillo Del Angel Jason Payne TJ Ragsdale Jason Rowland equipment for the Erick–Sweetwater Taylor McIntyre Elise Murlin Henry Payton Frank Rainbow Jenny Rowland Marshal McKee Bridget Murphy Matt Payton Ryan Rainer Mark Rowold Public Schools. Randy McKee Chasidy Murray Matthew Peach William Rainey David Roy Thomas McKee Jerome Murray Jim Pearman Hector Ramirez Rebecca Roy

40 CHESAPEAKE ENERGY CORPORATION Jeremy Rubio Gary Simer Monica Stroman Crystal Vasquez Darrell Whittemore DeAnn Adams Michael Atkinson Brad Ruhman David Similly Holli Strong Jeff Vasquez Bobby Whittington II Doyle Adams Kelly Babb Guadalupe Ruiz Patrick Simmons Robert Stroud Silver Vasquez III Sam Whitworth Heath Adams Alberto Baeza Mike Ruiz II Eula Simms Nick Strunk Darren Vaughn Rachael Wickery Kyle Adams Rodney Baggett Jr. Ben Russ J.J. Simonsen Jr. Jason Stryker James Vaughn LeeAnn Widner Peter Adams Joey Bagnaro James Russell Alan Simpson Edwin Stubbert Matt Vaughn David Wiist Jr. Mark Adkins Bill Bailey Jamie Russell Rick Simpson Jr. Donna Stubbs Nick Vaughn Terrence Wilhoit Michael Adkinson Gordon Bailey Randy Russell Brad Sinor Daniel Stumbo Randy Vaughn Brent M. Williams David Adkison Jamie Bailey Tommy Russell Jr. Steve Sistrunk Doug Sublette Rusty Vaughn Brian Williams Aaron Aguilar Justin Bailey Bryan Ryan Jerimy Sites Jordan Sudhoff Maria Velez Cody Williams David Ainsworth Kenneth Bailey John Rychtarik Jon Sivertson Brandy Sullens Miguel Vences David L. Williams Edward Ainsworth T.J. Bailey Daniel Ryerson Tyler Skelton Stephanie Sullivan Jose Vergara Frankie Williams Jr. Tasha Akers Brett Baker James Safley Justin Sloan Christopher Summerfield Javier Villa Mike Williams Gavin Albright Bryan Baker Baldemar Salazar Ryan Slosson Jody Summers Juan Villarreal Sheila Williams Marco Aleman Heath Baldwin Baldemar Salazar Jr. Joel Smallwood John Swanson Donna Villers Whitney Williams Curtis Alexander Michael D. Ball Ricardo Salazar Drew Smart Jason Tackett Link Vodron Forest Willis IV Stephen Alexander Mike Ball Federico Samora Jake Smedley Rocky Taliaferro Terri Vogt Adam Wilson Bart Alford Jonathan Ballard McKenzie Sampson Heather Smiley Jason Talkington Jennifer Voisin B.C. Wilson Albert Allen III Lilli Ballinger Christy Samuels Aaron Smith Caleb Tallent Terry Von Allman Darrel Wilson Michele Samuels Adam Smith Joshua Tanner Ike Vorheis Don Wilson Ema Sanchez Beth Smith Kristin Tarbush Haley Voyles Erica Wilson Steven C. Sanders Dale Smith III Julie Tarp Todd Waddle Jerry W. Wilson Woody Sandlin Dawn Smith Justin Tarver Justin Wade Jonathan Wilson Pedro Santana Jr. Greg Smith Aaron Tasier Donald Waggoner III Kayla Wilson Daniel Satterwhite Gwyn Smith Brian Tate Fred Wagner Jr. Kendal Wilson Cathy Saunders Jeffery Smith Tate Tatem Steven Wagner Kevin Wilson Donnie Savage Jerry S. Smith Casey Taylor Willie Walden Lance Wilson Steve Savell Jimmee Smith Christy Taylor Ken Waldroop Sugar Ray Wilson Jessica Savic Joseph Smith Monty Taylor Chase Waldrop Terry M. Wilson Wayne Savory Julie Smith Tim A. Taylor Chris Walker Terry T. Wilson Brynn Scalf Justin T. Smith Josh Tedder Danny Walker Todd Wilson Kevin Scarem Milton Smith Jason Tell Erin Lee Walker Clayton Winkler Susie Scasta Randy Smith Shawn Tenney Matthew Walker Gary Winn Jason Schafer Stephanie Smith Bridget Thedorff Tiffany Walker Keith Winsauer John Schafer Steve Smith Matt Theriot Tyler Walker Rhett Winter Deborah Schaffner Vincent Smith Cody Thiessen Ava Wallace Crystal Witcher Travis Schenkers Zac Smith Abbie Thomas Brandi Wallis Nikki Witcher 20TH ANNIVERSARY PARTY Heather Schevetto Jeffrey Snell Brad Thomas Jimmie Walters Jr. David Witte Louisiana Across all its operating Boyd Schneider David Snethen Denver Thomas Michael Wanzer Kenneth Woechan Jake Schoeffler Jason Snyder Britton Thomason Kevin Ward Ken Wolf areas, Chesapeake employees David Scholl Clarky Socia Joseph Thomason Tara Ward Ray Wolf celebrated the company’s 20th Regan Schrader Matt Solomon Adam Thompson Rich Ware Glen Wolford Rebekah Schultz Jaclyn Sommavilla Diane Thompson Kent Warfield Luke Wood anniversary this year. Clint Schwarz Gary Sons Frank Thompson Doug Warminski Kim Woodall Jay Scogin Jr. Joshua Southerland Jon Thompson Dennis Warner Travis Woodard Dustin Sconyers Pavlina Sovak Matt R. Thompson BJ Warren Richard Woodbeck Cathy Allen Diana Bane Gerald Scott Brian Spaeth Mitcheal Thompson Brian Warren Mike Woodfin David Allen Kim Barbay Mary Scott Jeremy Spalvieri Sharon Thompson Christian Warren Kevin Woods James M. Allen Linda Barber Steve Scott Lindsay Sparks William Thompson John Warren Kyle Woods Jared Allen Seth Barkocy Clifford Scroggins Shawn Spencer Stephanie Thorn Ray Warren Monty Woods Kane Allen Dylan Barnes Mike Scroggins Jason Sprayberry Ashley Thornton Britni Watson David Wools Mike Allen Marcus Barnes Roby Scruggs Jefferson Springer Scott Thornton Cody Watson Becky Wooten Paul Allen Ryan Barnhart Brooke Secor Andrew Sprouse Preston Thurman John Watson Billy Wooten Tommy Allen Ben Barresi Erin Sedbrook Heather Spurlock Todd Tigert Mike Watson Jamie Word Sondra Allison Shane Barrett Brad Seelback Gentry Squires Isidro Tijerina Gary Watts Daniel Wortham Maria Almanza De Garcia Joshua Bartholomew Steven Segrest Francis Staat W. E. Tinkler Kelli Waxman Lindsey Wortham Reginald Alston Johnny Barton Terry Sells Robin Stafford Cody Tipton Guy Weatherman Emily Worthen Jacob Alvarez Whitney Bash Chellee Semon Paul Stager Tanner Tipton Jeff Weaver Darren K. Wraspir James Alvis George Bass Hayet Serradji Michael Stair Jim Todd Michael Webb Brandon J. Wright Joe Aly Justin Bass Charlie Sewell Jr. David Stamper Kyle Toler Nathan Weber Dan Wright Brandon Amato Melissa Bassett Susan Seymore Tim Stansel Richard Tollison Ryan Weber Kandice Wright Matt Andersen Brian Bastedo Mitcheal Shackelford Laura Steen Suzette Tomlin Cody Weiss Mike R. Wright Andrew Anderson Barry Bateman Brian Shadwick Nathan Steffee Greg Tompkins Sr. George Weissman Ryan Wright Jeremy Anderson Allen Bates Charles Shadwick Bumper Stegall Frankie Tovar III Bill Welch Tom Wright Rondal Anderson Jr. Christopher Bates Bindu Shah Gay Stephens Steve Trammell Brandon Welch Chad Wyatt Tyler Anderson Everett Bates Jerry Shamblin Jamie Stephens Rick Treeman Brent Welch Carolynn Wylder Victor Anderson Hope Baumgarner Todd Shamblin Joshua Stephens Sarah Tribout Kip Welch Jennifer Yeahquo Austin Andrews James Baumgarner Michael Shanbour Laura Stephens Nick Tricinella Melanie Welch Tonya York Dustin Andrews Matt Bayne Aaron Shannon Cody Stephenson Joseph Triplett Brenna Wells Andrew Yost Jame Andrews Jr. Kara Beal Neil Shannon Glenn Stetson Chuck Tripp Geff Welsh Kevin Yost Bradly Andrus Coby Beals Jacob Sharp Joseph Stevens Jr. Steve Trotter Tommy Wesson Scot Young Tony Angelo Jonathan Beam Kevin Shaw Patrick Stevens Wesley Troub Drew West Terri Young Christopher Anglin Bucky Beaver Lisa Shelden Richard Stevens Jr. Daniel Truman Kris West Tammi Yount Gary Ansley Russell Beavers III Jennifer Sheline Chad Stewart Mike Trussell Nathan West Juan Zapata Jr. Rob Anthony Adam Beck Cheri Shepard Darren Stewart Chance Turner Scott West Robert Zeiler David Applegarth Jr. Melissa Bednarcyk Eb Shepherd Haleigh Stewart Kevin Twyman Colt Westbrook Debra Zimmerman Sam Arambula Jr. Brandon Beechly Jesse Sheppard James Stewart Mark Tyler Buck Wheaton Linda Zimmerman Tony Aranda Jed Beegle Jr. Keith Shields Jr. Mike Stice Perry Ulicnik Jeric Wheeler Melvin Zinke Steven Armentrout A.J. Beets Brock Shindler Autumn Still Berto Ulloa Todd Whisennand Gerry Ziriaxe Gregory Armstead Jeremy Begeman Ashley Shirley Corey Still Kathleen Underwood Shawn Whitaker Rigoberto Zubia Joshua Armstead Kyle Behnke Thomas Shock Corey Stockert Tanner Upchurch Dennis White Brian Armstrong Christopher Bell Joseph Shofner Harvey Stockman Jose Urbina Lisa White 2009 (1778) Bubba Armstrong Dustin Bell Jason Shook Michael Stoll Justin Urena Suzy White Timothy Abshire David Armstrong Jason Belless Ashis Shrestha Janeen Stonebraker Ken Utton Todd C. White Timothy O. Abshire Priscella Arnett Dana Bennett J.R. Shull Brian Stoops Bobby Vallery Danny Whitehead Ethan Acevedo Kyle Arnold Ryan Bennett Amanda Siebert Bob Stowe Steve Van Strien Darien Whitehurst Daman Ackerman Daniel Ary Todd Bennett Vince Sifuentes Ashleigh Strahler Donnette Vandersypen Gary Whitley Joshua Ackley Samantha Ash Tyron Bennett Cheryl Siler Allie Street IV Deloris VanLandingham Kody Whitley Jeremy Adam Mike Atchie Allison Bentley Jose Silva Sam Stroder James Varner Kyra Whitt Christopher Adams Billy Atkinson Daniel Bentley

EMPLOYEES 41 Merideth Bentley Dennis Bradley Sylvia Bustamante Dustin Cooper Dewey Dowdy Timothy Fisher Matt Grassmyer Matthew Bereuter Matt Bradley Jeff Butler Chad Corcoran Cheryl Dowis Randy Fite Kristel Graves Jonas Bergman Leon Bradshaw II Byron Button Jr. Jon Corley John Dozer Jr. Billy Fitt Mike Graves Sherry Bernstein Ben Brallier Jr. John Byler Adam Cornell Michael Drake William Fitzgerald James Gray Jr. Jacob Berry Justin Bray Steve Byrd Jose Corralejo William Draper Jared Flesher Stanford Gray Kevyn Berry Rick Bray Bradley Cagle Benjamin Corso Greg Duffy Ronald Fletcher Trey Graybill III Steven Berry Christopher Breland Christopher Cain Agustin Cortes Will Duffy Vernon Fletcher Jr. Lance Green Michael Berryman Rawlins Breland Mike Caldwell Marcus Corvino Bryan Duke David Montes Flores Mike Green Chris Beuchaw Randall Brewer Stephen Callahan Keith Cowell Connie Duke Donald Flores Sheri Green Jared Beutler Dawn Brick Craig Callas David Cox Robert Duke Michael Flores Whit Green Carl Beyor Jason Bridges James Callender Stephen Cox Justin Dulaney Toni Flowers Allan Greenawalt Amber Bezdek Scott Bridges Juan Camacho Josh Craig Chad Duncan Kevin Floyd Dustin Greenway Cole Bieber Lindsay Bridgwater Martin Camacho Julie Craig Cody Duncan Dave Fogelman James Greenwood Dannye Billie Keith Briggs Jeremy Camburn Brandon Cramer JIm Dunham Robert Foland Josh Grellner James Billings Kenny Briley David Camero Andrea Crawford Chris Dunton William Ford Jason Griffis Kim Cameron Cory Crawford Jeffery Durham Tim Fordenbacher Lambert Grim Stephen Cammann Jr. Jonathan Creagan Cory Durig Rhonda Fortuin Brian Grogg Jimmy Camp Robbie Crosier Chris Duroy Blake Foster Brian Grove Derek Campbell Derik Cross Chase Dwiggins Justin Foster Christopher Guajardo JC Campbell Michael Cross Greg Dykes Sr. Chris Fournier Rich Guenther Scott Campbell Johnathon Crossen Joe Eades Bobby Fowler Glenda Guerra Steven Canada Willard Crossen Allison Earl Buddy Fox Rene Guerra Luis Canales Corinne Croucher Shannon Earley John Fox Angel Guerrero Michael Caneen Pam Crum Jacob Eastham Sandra Fraley Isela Guerrero Steve Canfield Erasmo Cuellar Jeremy Easton Joshua Franks Brian Gunsaulis Irene Cantu Jeremy Cummings Billy Eastwood Chris Frazier BoJames Gunter James Carbary David Cunningham Janelle Eaton LeeAnn Frazier Christopher Gustavus Casey Cardin Dwight Cunningham Tammie Ebert Billy Freeland Paul Gutta Cody Carlisle Natalie Cunningham Layna Edd Lynn French Sarah Hacker Nathan Carlson Bryan Curtis Joseph Eddy III Greg Fritze August Hadwiger Lonnie Carpenter Jimmy Cyrus II Jarrod Edens Tina Fruge Ryan Haffner Luke Carpenter Tiffany Dailey Christopher Edge Tyler Gage David Hagadorn Jeremy Carraway Durwood Dalton Michael Edie Darren Gagliardi Paul Hagerty Bobby Carter Jeffery Daniel Jeremy Edmister Wayne Galliher II Keith Haggard Charles Carter III Becky Danker Kelly Edson Cecil Gamble Stephen Haggerty HALLOWEEN UNITED WAY Jeremy Carter Joe Darnell Raymond Edwards Matthew Gammon Greg Hakman Daniel Eidt FUNDRAISER Toby Cashion Adam Daugherty Jim Gann Brian Hale Oklahoma Ken Cason Brian Daugherty Luis Elizondo Alfonso Garcia Brandon Hall Bringing out the fun-loving aspect of Jefferson Castie Joe Daugherty John Elkins James Garcia Dustin Hall Chris Castleberry Rick Daugherty John Ellard Joshua Garcie Jessie Hall our people, a costume party drew more Jimmie Casto Pat Davenport Benjamin Elliott Kenneth Garland Renee Hall than 3,000 Chesapeake Oklahoma City Melissa Cates Orin David Chad Elliott Greg Garrison Rick Hall corporate staff employees with lunch Thomas Caton Jr. Ben Davidson Don Elliott Dan Garwood Zach Hall Ken Cavner Robert Davidson Codey Ellis Alan Gary Clint Hamilton and prizes for costumes and skits — Scott Cazabat Andrew Davis Gilbert Ellis Naomi Garza James Hamilton while raising funds for United Way. Brad Chambers Darryl Davis Jim Ellis Freddie Gates William Han Erin Chancellor Daryl Davis James Ellsbury Lynda Gearheart Nick Hancock Rocky Chapman Dustin Davis Brandon Embery Warren Geionety Kristi Hanna Chris Chappell Gary Davis Amanda Embry Nicole Geisinger Sean Hansen Justin Billings Brian Bristol Chuck Charleston Joel Davis Joseph Emerson Ryan George David Harbin Brian Bilyk Bryan Britt Dedra Chavez John W. Davis Gary Emmert Todd George Daniel Hardy II Chris Bird James Britt Lonnie Chevallier Kerri Davis Tyler Emrich Mark Geurkink Stephen Hardy Andrew Bischoff Becky Brittain Eugene Childers Landon Davis Colton Ensminger Bert Gibson Eddie Hare Carmen Bishop Clint Brooks Lindsay Choate Steven Davis Thomas Erp Fred Gibson Justin Hargett James Bishop Gerald Brooks Amanda Clark Tim Davis Zacarias Escalante Josh D. Gibson Tubby Hargrove Sr. Ryan Bishop Joe Brooks Christopher Clark William Davis Christopher Escher Robert Gifford Alysia Hargus Kevin Black Landon Brooks William G. Clark David Dawson Jevon Escobar Michael Gilbert Aaron Harper Shyla Blackketter Dwyer Martin Brooks Tom Clarke Brian Dean Craig Estes Robert Gill Adam Harper Johnathan Blacksten Shannon Brooks Jane Clements Ryan V. Dean Keith Eubanks Jennifer Gilliam Christopher Harper Kent Blackwelder Jonathan Broome Christopher Clevenger Shane Dean Don Evans Ellen Gilliland Gregory Harper Darrell Blagg Leslie Bross Chad Clifford Eric Decker James Evans Florence Gills Jr. Charles Harris Raymond Blankenship Sarah Brothers Megan Clinkenbeard Eric Deeter Jason Evener James Gilpin Jackie Harris Tobey Blaylock Charles Brown II Michael T. Clinton William DeFoor III Guy Ewart Tim Gilpin Jerry Harris Joshua Blewer David B. Brown Jason Coates David Dehn Jr. Lyric Ewing Ned Gipson Berlin Harrison Scott Blomgren Matthew Brown Anthony Cochran Bradley Deines Richard Faries Shannon Glancy Mark R. Harrison Jason Blose Mike Brown Randall Cochran Billie Demott Ryan Farley Travis Glauser Charles Hart Margaret Blount Robert Brown Lloyd Cockrell Gregory Desper Christopher Farrar Michael Gleason Kevin Hart Benjamin Blue Timothy Brown Mike Cody Brian Devaney Kameron Farris Bradley Glosup Randal Hart Dan Blythe Robert Browning Merrick Coe Danny Deville Chris Feazell Mitchell Godbey Larry Hartgrave Victor Boatwright Mary Bruce Merle Coffman Jr. Fnu Dezvita Zachary Fegley Karl Goebel Kenneth Harvey Dennis Bode Benjamin Brulet Christopher Cogswell Valente Diaz Jon Fennel Darrell Goeringer Michael Harvey Jonathan Bodine Heather Brulet Dustin Cogswell Chase Dickens Amy N. Ferguson Devin Golden Matthew Harville Travis Bohannon Jennifer Brumage Joe Coladipietro Bentley Dill Ronnie Ferguson Jessie Gonzales Leonard Harzinski Jr. Ryan Bohnet Chris Brummett Glenn Colbert Jerry Dilley II Tyler Ferguson Jose Gonzales Jon Haskins Jeremy Boitnott Jeremy M. Bryan Karen Colbert Jerry Dilley Sr. Maria Fernandez Cirilo Gonzalez Heath Hatcher Jen Bookwalter Scottie Bryan John Cole Nicholas Dimauro Michael Fesmire Ernest Gooden Marshall Hatcher Christopher Boomgarden Jeffrey Bryant Justin Colegrove Drew Dixon Linette Fibiger Mark Goodin Erin Hathaway Curtis Boone Nathan Bryant Bob V. Coleman Lee Dixon Brandin Fields Richard Goodrich John Hatton Justin Boop Ron Bryant Juri Coleman Jeb Dobbs Casey Fields Daniel Gorham Thomas Haun Mike Bordes Megan Bryce Justin Collier Amy Dobkin Jamie Fields Julian Gorman Michael Hausvater Richard Bostick David Bryson Nathan Collins Brandon Dodgen Kevin Fields Ryan Gorman Robert Havens Jr. Nathan Botti Jared Buchan Rick Collins Renee Dollar Peggy Fields Shawn Goss William Hawkins Jr. Kent Bowman Jr. Jamie Buchanan Tom Comer Chuy Dominguez Jeremy Findley Adam Gossen Rick Hawthorne Sonny Bowman II John Bunner Ron Comes Crystal Doty Brett Finley Joseph Gottschall D.J. Haydon Jr. Christopher Boyles Steve Burnley Amanda Consbruck Marshall Dougherty Amanda Finney Mike Grady Adam Haynes Shad Brackin Jeffery Burns Paul Conti Karl Doughty Jr. Jesse Fisher Ike Graham Kenneth Hays Arla Bradford Lonnie Burns Dave Cook Terry Doughty John E. Fisher Inna Graham Allen Head Blair Bradley Christopher Burris Jud Cook Irene Dougrey Mike Fisher Jamie Granger Garry Headrick Colt Bradley Amy Burrous-Medina Rickey Cook Anna Dovedan Pete Fisher Caleb Grantges Jennie Heard

42 CHESAPEAKE ENERGY CORPORATION Jonathan Hearitige Dennis Idlett Melissa Kingry Eddy Long Gregory McCoy James Morgan Justin Norman Greg Heater Neal Impson Will Kington Orval Long Tierra McCrary Justin Morgan Justin Norris Kellie Hefner Donnie Ingram Woody Kinney Dan C. Lopata Katie McCullin Nathan Morgan Adam Norwood Anthony Heggenstaller Patrick Innes Michael Kinsey Colby Loper Jeremy McCumbers Sloane Morgan James Novak Cory Heid Eric Inskeep Kenny Kipper Andres Lopez Crystal McCusker Willie Morgan Connie Nowell Jeremiah Heldreth Orlando Isaias Carey Kirby John Lorentz Calvin McDaniel David Morris Selena Nunez James Henderson Laramie Isley Beth Kirchner James Louiso Kelly McDaniel David Morris Jr. Joseph Nunn Rob Hendle Jr. Steve Iwersen Wayne Kirk Jr. Owen Love Dave McDiffitt Joseph Morris Jared Nutter Cory Hendrix Robert Izell Whitney Kirk Joseph Lowery Bryan McDonald Lonza Morris Mark OByrne Sandra Hendrix Blake Jackson Kerry Kirksmith Steve Lowther Mickey McDonald Jr. Sydney Morris Daniel Odell David Hennessy Brian Jackson Heidi Kirsch Francisco Lozano Eric McEntyre Joshua Morrison Peter Odima David Henry Cody Jackson John Kitchen Omar Lozano David McFall Shannon Mosby Dean Ogden Earl Henry Jr. Mark Jackson Shayna Kjellsen Petra Lozano De Christopher W. McGinnis Jason Mosley Charles Ohlson Marcus Henry Shawn Jackson Josh Kling Thompson Mike McGlothlin II James Mossor Victor Okeh Matthew Henry Stephen Jackson Zackery Knell Bonnie Lucas Travis McGloughlin Kelley Mowdy John Olesh Phil Hensley Hillary Jacobson Aaron Knight Cody J. Lucas Gerald McGuire Justin Moxley James Olive James Henson Don James Chuck Knight Harvey Lucas Jr. Richard W. McGuire Mark Muegge Jr. Michael S. Oliver Parish Henson Kenneth James II James Knight Derek Lueallen Jasen McKay Jared Mueller Doug Olivier Brandi Hernandez Larry James John G. Knox Tyler Lumpkin James McKee Stacey Mullenax James Olson Jr. Jose Hernandez Lamont Janz John M. Knox Donald Lundy Mike McKee Levi Mullins Blake O’Neill Raymond Herndon III Ryan Jarratt Todd Kreamer Bill Lusk Nathan McKeehan Lawrence Munsey Brent Opfer Mike Hershberger Calvin Jarrell Travis Kunkle David Luttrell Stephanie McLaughlin Brian Murnahan Amanda O’Quinn Kurt Hibbard Jonathan Jarvis Isaac Kurtz Dustin Lynn Steve McLaughlin Lauren Murphy Pam Orth Sean Hibbard Robert Jarvis John Kurtz Cain Mackenzie Keegan McManus Robert Murphy Jr. Jason Orwan Alyssa Hickey Victor Jarvis Jr. Julia LaBella Gerald Mackenzie Jr. Matt McMillan Steven Murphy Robert Ostrander Jr. Sonny Hickman Chance Jenkins Ben Lacy Mathew Mackey Nathan McMullen Christopher Musgrave Gregg Oudit Carlos Hicks David Jennings JV Laffitte Shad MacNaughton Janie McNabb Donald Muth Ashley Overstreet II Danny Hicks Erinn Jennings John Lair Ashley Madison Kyle McNayr Kathy Myers Ryan Overton Gary Hicks Bob Joest Daniel Lamar Anthony Maes Dan McNickol Louis Nagel Stacey Owen Jacala Hicks Bradford Johnson Daniel Lancaster Daniel Maffei Brandon McReynolds Mike Narcavage III Jesse Owens Jason Hicks Braydn Johnson Bobby Landrum Jr. Marissa Mahan Thomas Measel Robbi Nartey Kevin Pack Michael Hicks Brian Johnson Mark Landrum II Nicolas Mahan Kayla Medina Tyrel Naugle Meosha Paige Dean Higganbotham Elmer Johnson Kim Landry Damon Maikell Robby Mehdi Amy Neal Allen Pair Duke Hightower Franklin Johnson David Lane Timothy Major Fidel Mendoza Gary Neal Cristian Parau Christopher Hill Gary W. Johnson Richard Lane Bob Malecki Tay Mendoza Michael Neal Bill F. Parker William Hillier Jimmy Johnson Clay Langley Jim Malone Jr. Travis Menear Freddy Neighbors Nicholas Parker James Hilt Kevin Johnson Mike Langley Dale Manahan Leah Merciez Rick Neiswonger Laura Parrish Alina Hines Larry Johnson Jimmie Laningham Nathan Manhart Damon Merritt Ashley Hines Matt Johnson Craig Lankford Michael Mann Matt Meyer Chase Hines Michael M. Johnson Claudia LaPlante Sid Manning Ryan Meyer Edgar Hinojos Mykal Johnson Daniel Lara Joe Marecic Randal Mick Kerry Hinsley Rich Johnson II Corey Lasley Adolfo Marin Travis Miles Cory Hixson Scott Johnson Joe Latham Rodrigo Marin Ruiz Chris Miller Mark Hlatky Jr. Steve M. Johnson Brian Layman Rickie Marks Jr. Justin Miller Angi Hodge Amy Jones Ted Layton Aaron Marlow Ken Miller Steven Hodges Bobby Jones Lucy Lazos Stanley Marlow Kenneth Miller Russell Hogue Brady Jones Courtney Leach Pedro Marquez Kirby Miller Dustin Holben Cyndi Jones Eric Leatherwood Michael Mars II Marianne Miller Brandon Holley Dan Jones Celeste LeBlanc Dusty Marsh Michael Miller John Hollister Daniel Jones Scott Ledbetter Lester Marsh Mike Miller Sr. Jolene Holloman Emily Jones Aaron Lee Evan Marshall Roger Miller Laura Holmes Hunter Jones Alexa Lee Tammy Marston Sedrick Miller Clay Holt Jennifer Jones Christopher Lee Dan Martin Tim Miller Gene Holt Jeremy Jones Clayton Lee John Martin Jr. Vernon Miller Kevin Holt Joshua Jones Dale Lee Michael L. Martin William Miller PT Honeycutt Julie Jones Tot Lee III Rick Martin Charles Mills III Thomas Hood W. Scott Jones Will Lee Jr. Ricky Martin Danya Mills Matt Hoops Whitney Jones Micah LeGall Shane Martin Karen Mills Wes Hope Xavier Jones Bryan Legg Stephen Martin Jarrod Mink SAFETY IN THE FIELD Amy Hopmann John Jordan Marie Leifheit Joe M. Martinez Richard Minshew Pennsylvania Nomac rig 7 Denver Horn II Will Jordan Wesley Lemens Joel Martinez Jr. Danelle Minton Jason Horn Ed Jozwick Cruz Lemus Justin Martinez Tommy Mitch employees rig up their safety gear as Jennifer Horrigan Ron Juratovac Jared Leseman Rick Martinez Chris Mitchel they do their part to maintain a safe Sherry Hosey Ronald Justice Andy Levine Paul Marton Randall Mitchell Lanny Hotaling Jared Kaley Mark Levingston Graycen Mashburn Ryan Mixon work environment. Nicolas Hough Alex Karim Chad Lewis Jerry Massey Jr. James Mode Sara Howard Justin Kay Tim Lewis Shain Masterson Darin Molone Sherry Howell Clint Keating Sam Liebhart Efraim Mata Cirilo Mondragon Terry Neitzler Eddie Parsons Eddie Howen Cale Keim Frederick Ligons Christopher Matthews Corey Montgomery Johnathon Nelson Kevin Parsons Matthew Hudman Mark Keitz Eric Lindberg Brandon Mattison Robert Montgomery Lisa Nelson Reema Patel Morgan Hudson Lynne M. Keller Jeffrey Lindsey Roger Mattox Jr. Glen Moody Sky Nelson David Patterson II Stacy Hudson Shawn Keller Lindsay Line Tamara Mauk Charlene Moore Luke Nettrouer Kathleen Patton Daniel Hudspeth Chad Kelley Larry Lines Jess Maulsby Cliff Moore Matthew Neubert Ben Paugh Nathaniel Huggans Jordan Kelley Andrew Linquist Matt Mayhew Dakota Moore Benjamin Nevill Joseph Paup Braxton Hughes Matthew Kellum Rosie Linton Kevin McBee Daylan Moore Colin Newhouse Brian Peery Lori Hughes Steven Kelly John Little Gary McBride Delbert Moore Jr. Marcus Newman Kathleen Penn Hayley Humpert Matt Kemper Michael Little Jesse McCabe Densel Moore Jr. Cheyenne Newsome Siva Pennabadi Jeremy Hunter Josh Kendrick Robby Little Thomas McCambridge Densel Moore Sr. O’Ryan Newton Bradley Pentecost Alberto Huron Jr. Greg Kennedy Michael Livingston Stu McCarthy Joel Moore Jessica Nguyen James Penzo Eddie Hurst Matthew Kent Neil Lloyd Brad McCarty John Moore Chris Nichols Clifford Pepper Edward Hurst Cheryl Kerr Logan Lobue Michael McCarty Margaret Moore Jonathan Nichols James Perkins Kollin Hurt Jeffery Kesner Scott Locklear Jeff McCathern Philip Moore Luke Nichols Joshua Perkins Kyle Hurt John Kiehlmeier Casey Logan Michael McClintic Erik Moorman Sean Nichols Chris Persellin Lisa Hutcherson John Kilgallon Tony Logue OG McClinton Jr. Jerry Morales Barry Nicholson Catherine Peterson Allen Hutchins Christopher Kimble Lyndel Loman Bill McClure Abel Morales-Macias Kenneth Nickeson Renee Peterson Kevin Hutchins Colby King Angie Long Glen McConnell Kevin Morehead Cassie Niemann Jay Petree Jon Hyde Gary R. King Carson Long William McConnell Duane Moreland Jason Nieuwenhuis J R Pettijohn Jr. Wesley Hyde Jeremy King David Long Chad McCool Armando Moreno Ryan Nix Tu Phan Derek Hyre Parker King Diana Long Brian McCoy Christopher Morgan Winston Noel Heather Phelps

EMPLOYEES 43 Levi Riojas Kelby Scott Ryan Stamps Cole Troup Zach White Amanda Rios Candace Scudder Randall Stancil Scott Troutman Jimmy Whitehead Freddy Rios Tanner Seal Richard Standage Michael Tucker Daniel Whiteman Oscar Riveracano James Sears Amy Stanley Randy Tullos Gary Whitis Cassie Rivers Charles Sechler Harold Starr Bronson Turley Taylor Whitis Sandon Roath Stephen Seibert Hancel Steen Michael Turner Cole Whitman Candace Robert John Seifreid III Michael Stephens Jesse Tuthill Emily Whitney Michael Robert Josh Sentyz Daniel Steppe Jackie Tuttle II Tyler Whitsett Joseph Roberts Brandon Sepulvado Teena Sterling Nick Tyler Earston Whyel Ronald Roberts Raquel Shacklett Billy Stevens Jr. Jack Tyre Jeremy Wiedenmann Diana Robertson James Shamblin Jeremiah Stevens Don Tyson James Wiggins Randall Robertson Alton Sharp Eric Stewart Christopher Underwood Michael Wiggins Brian Robinson Jeffery Sharp Jeffrey Stewart Russell Vadas Opie Wigginton Chad Robinson IV Willie Sharp Joshua Stiles Kie Vander Sys Todd Wilfong Shae Robinson Dan Sharpe Mike Stivers Keith Vanliew Jesse Wilkinson Sarah Robinson-Garcia Shea Shelby Heath Stockton Stephanie Vann Dustin Willbanks Kaylan Roby Jason Shelhamer Dillon Storer Mark Vannasdall Ralph Willett Jr. Woodrow Rodgers Jr. Tom Sheme Jr. Kim Stovall Phillip Vanover Aaron Williams Michael Rodrigues William Shepardson IV Eugene Stradley Roger VanRyn III Amy Williams Chance Rodriguez Justin Shields Sean Strange Fabio Vargas Clifford Williams II Gustavo Rodriguez Justin Shirey Elizabeth Strawn Joseph Vargas Hoyt Williams John Rodriguez Sherri Shirley Tyler Sturm Andrew Vargeson Jeff Williams Dawayne Roehrick Rob Shores Frank Sullivan Todd Varner II Jordan Williams John Rogers Jesse Short Jake Swanson Stephanie Vaughan Joseph Williams Kathy Rogers Troy Short II Sherrie Swift Peyton Vaughn Kevin Williams Mike Rogers Tim Shue Tamara Szczerbacki Chris Veazey Larry Williams Mark Rohrbough James Shull Jimmie Tabor Jr. Marcelo Vera Lisa Williams A REVVING GOOD Robert Rollins Lynette Shults Steven Talada Raymond Verhoeven Monte Williams Jr. Marc Rome Clayton Shumway David Talley Kate Via Stephanie Williams PARTNERSHIP Oklahoma Domingo Romero-Luna Anthony Shuster Kevin Tapia Rick Vickers Ty Williams The drilling crew of Nomac rig 42 Jacque Ross Darren Silcott Steven Tatro Danny Vickery Josh Williamson Jessica Ross Andrew Silvestri Jonathan Tatum Derek Viljoen Doug Willits poses with Paul Teutul, Sr., founder Rhonda Ross Sr. Jason Simpson Ryan Tatum Darren Vincent Kendra Wilmeth of Orange County Choppers and star Paige Rowe Nicholas Sims Amanda Taylor Michael Vincent Alan Wilson Terry Rowe Greg Singleton B. Kyle Taylor Travis Vinsek Colton Wilson of the television series “American Harold Rowell Robert Sisca Barbara Taylor Billy Vo Jaime Wilson Chopper,” with whom Chesapeake Julie Roy Jonathan Sisk Brad Taylor Gregory Vogel Kory Wilson Chris Royse Buddy Sissom Jr. Chad Taylor Ben Voigt Preston Wilson collaborated to develop the world’s Ricky Rucker Pat Skinner Chaya Taylor Matthew Volner Christopher Wilt first natural gas-powered chopper. Austin Rupard Randy Skinner Darrell Taylor Casey Voss Byron Windham Rick Rupard Kristy Skiro Dennis Taylor II JT Voth Bernard Winn Michael Rupp Reggie Sloan Dudley Taylor II Alyssa Vowell William Winstead Knut Philippi Keith Rahm Jason Ruppert Timothy Slone Jason Taylor Robert Waggoner Brandon Winters Daniel Phillips Michael Raisig Joanna Rus David Smarkusky Jeremy Taylor Walter Waite Co Wisdom Dustin Phillips Juan Ramirez Jr. Ron Rush Jr. Anthony Smith John Taylor Jason Waldenville Travis Wishon Lyn Phillips Tim Ramirez Jackie Rutherford Jr. Brian Smith Simone Taylor Connie Waldrop Ari Wolever Richard Phillips Timothy Ramsey Jeffrey Rutherford Bryan L. Smith Jessica Tedder Audie Walker Andrew Wolfe Alex Pierce Cathy Raney Stacy Rutledge Cody Smith Jeffrey Tedesco Jr. Christopher Walker Ronald Wolfe Jayson Pihajlic Jeffrey Rankin Peter Rutt Jr. J.D. Smith Wossen Tefera Doyle Walker Kenneth Wood Timothy Place Boyd Ransom Danny Ryan Jr. Jarrett Smith David Templet James Walker Jana Woodard Monte Plummer Will Ratcliffe Thom Rychecky Jeffrey Smith Amy Tennison Patrick Walker Luke Woodard John Poarch Gerald Ratliff Arnoldo Saenz Jerry W. Smith Erin Tewell Bill Walko Robbie Woodard Levi Poe Jason Ratliff Jesus Salinas John D. Smith Cody Theimer Billy Wallace Sterling Woodard Chris Poirot Charles Ratts Gary Saling Josh Smith Colby Therwhanger Brandon Wallace JR Woodfin Venkat Pokkuluri David Rauh Francis Sallee Joshua Smith Ashley Thomas Jason Wallace Joshua Woods Angie Pool Christopher Ray Gene Sampson Katherine Smith Dennis Thomas Joshua Wallace Katie Wooten Charles Poole David Ray Zack Samuels Matthew Smith Ray Thomas Kristin Wallace Larry Wooten Dustin Poole Joseph Raybon Lucio Sanchez Michael G. Smith Taylor Thomas Michael Wallace Andrew Work Kerry Poole Reid Reagan Chase Sanders Michael W. Smith Tommy Thomas Karen Walters Rick Worley Ty Porche Burt Reed Daniela Sanders Mike R. Smith Bruce Thompson Scotty Walton Brandon Wright Kenneth Porter Jerry Reel David Sanders Mike Smith Cole Thompson Tony Ward Brian Wright Adia Powell Roy Reel Marc Sanders Ricky J. Smith Jeff Thompson Craig Warren John Wright Dale Powell Flint Reeve Steven J. Sanders Ricky L. Smith Justin Thompson Joseph Warren Mike W. Wright Nathan Powell Damon Reeves Brad Sandifer Shawn Smith Kristi Thompson Larry Warren Sammy Wyatt Natalie Pralle David Reeves Vincent Sandoval Will Smith Schon Thorne Michael Warren Dwayne Wylie Erin Pratt Reagan Register Kara Sardis Amy Snedeker Cody Thornton Tanya Wartchow Steve Wyman Chad Preston Andy Reinert James Saultz Casey Snow Rene’ Thurman Earl Waterbury Larry Yawn Jerren Preston John Repp John Saxon Jr. Cory Snyder James Tillman Robert Wates Amanda Yeager Kyle Preston Robert Revilla Harley Scanlon Kendel Snyder Joseph Tingler Jerry Watkins James Young James Price Brandon Reyes Gabe Scheer Richard Snyder Matt Tinkle Rocky Watkins Jr. Jason Young Jeffrey Price Leonard Reyez Matthew Schellhase Stephen Socha Taylor Tisdal Brent Watson Randy Young David Pritchard Udel Reyna Jess Schenk Jason Sonnema Gregory Tomlinson Stephen Watts Brett Yourish James Pritchard Jimmy Rhodes James Schlarb Frank Sopher Philp Tomlinson Rusty Webb Art Ysaguirre Jr. Chase Pritchett John Rhodes Crystal Schmeckenbecher Danielle Southall Justin Toney Vance Webster II Sam Yule Justin Pritchett Rory Rice Jason Schmitz Lawerance Southerland Jeffrey Toot Blake Wedel Doug Yurek Alan Procell Patrice Rich Eric Schneider Bobby Sparkman Jr. Alfredo Torres Darren Weed Mark Zabala Michael Proctor Bobby Richards Jr. Ashton Schoaps Jack Sparks Jr. Donald Torres Jr. Charles Wegman Gregory Zacharias Estevan Puente Rene Richards Robert Schoenfeldt Jr. Rick Sparks Rogelio Torres Cutter Weiand Megan Zachary Kyle Puffinbarger James Richardson Greg Schoffner Gary Spencer II Richard Trachta Jared Weingartner Matthew Zeman Michael Pugh Joseph Richardson Cassie Schoshke Levi Spencer Virgil Trammel Jason Weingartner John Zimmerman Jr. Bob Purgason Luke Richardson Eli Schrock Rick Spicer Richard Trammell Dennis Welch Mickle Putnam Jackie Riddle Jr. Phillip Schroeder Dave Spigelmyer Donie Treadaway Ralph Welch Jr. Stony Queen Dustin Rider Tony Schroeder Shelly Spitznogle Joshua Tredway EuJene Wellborn Venicia Queen James Riffle III Chris Schuman Shane Spradlin Tyler Treece Derek Wells Stephanie Quinn Rodney Riffle Michael Schweighart Justin Spruell Alejandro Trejo Sean Wells Robert Quintero Richard Riggins Brandon Scoggins Curtis Spruill Marsela Treska Damon West Aaron Rachall Jonathan Riggle Joshua Sconyers Loni Staats Joshua Triplett David West Jeff Ragan John Riggs Brian Scott Stan Stacy Jr. Addie Triska Lee West Anthony Rahm James Riley Jesse Scott Timothy Stamper Cody Trisler Tommy White

44 CHESAPEAKE ENERGY CORPORATION co orp rate profile coorp rate information

Chesapeake Energy Corporation is the second-largest producer of natural gas and the most active driller of new Cro po ate Headquarters expected production, assumptions regard- 2010 High Low Last 6100 North Western Avenue ing future natural gas and oil prices, and First Quarter $ 29.22 $ 22.10 $ 23.64 wells in the U.S. Headquartered in Oklahoma City, the company’s operations are focused on discovering and Oklahoma City, OK 73118 planned drilling activity and capital expen- developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in (405) 935-8000 ditures, as well as statements concerning 2009 High Low Last anticipated cash flow and liquidity, business Fourth Quarter $ 30.00 $ 22.06 $ 25.88 the Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Eagle Ford, Granite Iternetn Address strategy and other plans and objectives for Third Quarter 29.49 16.92 28.40 Company financial information, public disclo- future operations. Wash and various other unconventional oil plays. The company has also vertically integrated its operations and Second Quarter 24.66 16.43 19.83 sures and other information are available through First Quarter 20.13 13.27 17.06 owns substantial midstream, compression, drilling and oilfield service assets. Chesapeake’s stock is listed on the Chesapeake’s web site at www.chk.com. Although we believe the expectations and New York Stock Exchange under the symbol CHK. Further information is available at www.chk.com. forecasts reflected in these and other for- 2008 High Low Last Cmnom o Stock ward-looking statements are reasonable, Fourth Quarter $ 35.46 $ 9.84 $ 16.17 Chesapeake Energy Corporation’s common we can give no assurance they will prove to Third Quarter 74.00 31.15 35.86 stock is listed on the New York Stock Exchange have been correct. They can be affected by ON THE COVER Second Quarter 68.10 45.25 65.96 CONTENTS (NYSE) under the symbol CHK. As of March 31, inaccurate assumptions or by known or un- Scenes from the field First Quarter 49.87 34.42 46.15 2010, there were approximately 455,000 ben- known risks and uncertainties. to the natural gas 1i F nancial Review fueling station depict eficial owners of our common stock. 2007 High Low Last Factors that could cause actual results to how Chesapeake 4 lETTER to Shareholders Fourth Quarter $ 41.19 $ 34.90 $ 39.20 Cmnom o Stock Dividends differ materially from expected results are explores for, produces Third Quarter 37.55 31.38 35.26 During 2009, the company declared a cash div- described under “Risk Factors” in Item 1A and advocates the 14 Fueling america’s future Second Quarter 37.75 30.88 34.60 idend of $0.075 per share on March 17, June 15, of our 2009 Annual Report on Form 10-K expanded use of First Quarter 31.83 27.27 30.88 natural gas — the clean, 16 Operating Areas September 24 and December 18 for a total div- included in this report. We caution you not affordable, abundant idend declared of $0.30 per share. to place undue reliance on forward-looking energy resource that 20 iNvestor Q&A statements, and we undertake no obligation is Fueling America’s Inndepe dent Public to update this information. We urge you to 22 Social Responsibility Future. Accountants carefully review and consider the disclosures 24 Community Relations PricewaterhouseCoopers LLP made in this report and our other filings with 26 environmental, health 6120 South Yale, Suite 1850 the Securities and Exchange Commission & safety Tulsa, OK 74136 regarding the risks and factors that may (918) 524-1200 affect our business. 28 bOard of Directors StocT k ransfer Agent The SEC requires natural gas and oil compa- 28 gOvernance and Registrar nies, in filings made with the SEC, to disclose Communication concerning the transfer of proved reserves and, beginning with filings 29 Officers shares, lost certificates, duplicate mailings reporting year-end 2009 reserves, permits the 30 Employees or change of address notifications should be optional disclosure of probable and possible directed to our transfer agent: reserves. While Chesapeake has elected not to 45 Form 10-K Computershare Trust Company, N.A. report probable and possible reserves in its fil- 250 Royall Street ings with the SEC, we have provided estimates Inside Back Cover Canton, MA 02021 in this report of what we consider to be our Corporate Information (800) 884-4225 “total resource base.” This term includes our estimated proved reserves as well as “risked Tseeru t for the Company’s and unrisked unproved resources,” which Senior Notes represent Chesapeake’s internal estimates The Bank of New York Mellon Trust of volumes of natural gas and oil that are not Company, N.A. classified as proved reserves but are poten- 101 Barclay Street, 8th Floor tially recoverable through exploratory drilling New York, NY 10286 or additional drilling or recovery techniques. Our estimates of unproved resources are not Fora w rd-looking intended to correspond to probable and pos- Statements sible reserves, as defined by SEC regulations, This report includes “forward-looking state- are by their nature more speculative than ments” that give our current expectations estimates of proved reserves and accord- or forecasts of future events. They include ingly are subject to substantially greater risk Cert no. SCS-COC-000648 estimates of natural gas and oil reserves, of being actually realized by the company.

90132rrdD1R1.indd 2 4/26/10 1:05 PM CHESAPEAKE ENERGY CORPORATION 2009 ANNUAL REPORT

6100 NORTH WESTERN AVENUE OKLAHOMA CITY, OK 73118 WWW.CHK.COM