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Selected Financial Data Six Months Ended December 31. 1991

Year Ended June 30.

1996

1991

1996

1995

1994

1993

Income Data ($ in thousands. except per share data)

Oil and gas sales Oil and gas marketing sales Oil and gas service operations In terest and other Total revenues

$ 95,657 58,241

78,966 232,864 10,094 58,227

Production expenses and taxes Oil and gas marketing expenses Service operations Impairment of oil and gas properties

Central and administrative Interest and other Total expenses Income (loss) before income taxes

Extraordinary item, net of applicable lI1come tax Net income (loss) Earnings (loss) per share

$ 192,920

76,172

2,516

Weighted average shares outstanding

6,314

8,836 1,524

6,439 981 29,824 3.647

5,526 880 18,008 2,890

3,831 149,422 8,303 27,452

75,140

67,343 4,256

5,199

3,653

103,264 3,782 8,802

50,899 3,157 4,828

25,410

8,141

4,184

1,871

13,679 113,213

3,135 2,676 24,669

557 4,906

18,550 460,645

1,765 3,578 6,627 49,383

39,246 14,325 $ 24,921

(180,330)

36,209 12,854

(6,443)

(6,620)

3,739 6,216

264,438

83,456

70,835

$ 11,602

7,747

5,847 17,448

$ (31,574) (0.45) $

$ 22,404

4,895

36,243 1,836

$ (31,574)

$ 56,983

236,000

60,408 2,414

(31,574)

$ 110,849 28,428

11,223 280,315 15,107

122,702 5,874 29,548

110,000

Oil and gas depreciation, depletion and amortization Other depreciation and amortization

and extraordinary item Income tax expense (benefit) Income (loss) before extraordinary item

$ 90,167 30,019

$ 18,478 $ 0.28 66,300

(3,573) (176,757)

23,355

17,960 6,299 11,661

2,282 18,472 (464)

5,155 1,250

(99) (365)

3,905

$ (183,377) $ 23,355 (2.79) $ 0.40 $ 58,342 65,767

$ 11,661 $ 0.21

55,872

3,905 0.08 48,240

17,373 298,766

12,258 351,224

5,116 211,808

4,154 117,066

67,167 403,004

70,795 424,775

40,417 242,505

23,665 141,992

137,495

$ 547,016 1,413

$ 141,665

30,095 6,132

62,005 13,104

51,710 10,031

$ 188,137 1,139 25,114

$141,249

1,116

$ 437,386 2,770

276 2,677

36,791 $ 21.88 2.18 $ $ 2.45

78,625 20.93 2.18

60,190

537 6,927 1,692 10,152

$ $

$ $

(365) (0.02) 33,552

Property Data ($ in thousands)

Oil reserves (MBbls) Cas reserves (MMcf)

18,226

*

339,118

*

Reserves in equivalent thousand barrels 74,756 Reserves in equivalent million cubic feet 448,474 Future net revenues discounted at 10% (before tax) $ 466,509 Oil production (MBbls) 1,857 Cas production (MMcf) 27,326 6,411 Production in equivalent thousand barrels

*

Production in equivalent million cubic feet Average oil price (per Bbl) $ Average gas price (per Mcf) $ Average gas equivalent price (per Mefe) $

38,468 18.59 2.24 2.49

*

$ $ $

2.45

$ $ $

17.85 1.66 1.84

5,325 31,947 $ 17.36 1.48 $ $ 1.78

$ $ $

15.09 2.06 2.21

9,622 79,763 22,915

722

$ $ $

4.333 20.20 2.25 2.68

• An independent appraisal of the company's oil and gas reserves was not performed as of December 31, 1996.

Chesapeake Energy Corporation is an independent oil and natural gas producer headquartered in Oklahoma City. The company's operations are focused on exploratory and developmental drilling and producing property and corporate acquisitions in major onshore producing areas of the United States and Canada. The company's internet address is http://www.chesapeake-energy.com.

Profile for Chesapeake Energy

Transition Report 1997  

Transition Report 1997