Page 2

SELECTED FINANCIAL DATA 1994

FISCAL YEAR ENDED JUNE 30,

1992

1993

INCOME DATA ($ IN THOUSANDS, EXCEPT PER SHARE DATA)

Oil and gas sales Service operations and other Total revenues

CONTENTS LETTER TO SHAREHOLDERS

2

DIRECTORS AND OFFICERS

13

EMPLOYEES

14

CORPORATE INFORMATION

16

FINANCIAL SECTION

17

$ 22,404 7,420 29,824

Production expenses Oil and gas property depreciation, depletion and amortization Other depreciation and amortization Service operations General and administrative Interest and other Provision for legal and other settlements Iota1 costs and expenses

Weighted average shares outstanding

$ 10,520

3,647

2,890

2,103

8,141 1,871 5,199 3,135 2,676

4,184

2,910 974 4,113 3,314 2,577

5,155 1,250 3,905 S S

0.73 2.83

8,198 18,718

557 3,653 3,620 2,282 1,286 18,472

24,669

Income (loss) before income taxes Income tax expense (benefit) Net income (loss)

Earnings per share Operating cash flow per share

11,602 6,406 18,008

$

15,991

(464)

2,727

(99) (365)

1 ,337

1,390

$

(0.20)

$

$

1.18

$

0.45 2.13

5,360

3,728

3,101

4,154 117,006 23,655 141,992

9,622 79,763 22,915 137,495

11,147 68,618 22,583 13 5,500*

$141,249

$141,665

$ 162,713*

537 6,927

276 2,677 722 4,333 20.20 2.25 2.68

PROPERTY DATA ($ IN THOUSANDS)

Oil reserves (MBhls) Gas reserves (MMcf) Reserves in equivalent thousand barrels Reserves in equivalent million cubic feet Future net revenues discounted at 10% (before tax)

Oil production (MBbls) Gas production (MMcf) Production in equivalent thousand barrels Production in equivalent million cubic feet Average oil price (per Bhl) Average gas price (per Mcf) Average gas equivalent price (per Mcfe) As of October 1, 1992

1,692 10,152 $ 15.09 2.06 $ 2.21 $

$ $ $

374 1,252 583 $ $

$

3,496 21.85 1.88 3.01

Profile for Chesapeake Energy

Annual Report 1994  

Annual Report 1994