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Results of Operations Oil, Natural Gas and NGL Production and Average Sales Prices 2018 Oil mbbl per day

Marcellus Haynesville Eagle Ford Powder River Basin Mid-Continent Retained assets(a) Divested assets(b) Total

Natural Gas $/bbl

— — 60 11 9 80 10 90

— — 69.01 63.38 63.93 67.67 63.72 67.25

mmcf per day

$/mcf

828 789 137 64 64 1,882 396 2,278

3.06 2.90 3.46 2.91 2.76 3.01 2.90 2.99

NGL mbbl per day

Total

$/bbl

— — 20 4 5 29 23 52

— — 25.57 26.83 26.43 25.88 27.26 26.50

mboe per day

138 131 103 25 25 422 99 521

%

26 25 20 5 5 81 19 100%

$/boe

18.38 17.43 49.93 38.20 36.23 27.98 24.26 27.27

2017 Oil mbbl per day

Marcellus Haynesville Eagle Ford Powder River Basin Mid-Continent Retained assets(a) Divested assets(b) Total

Natural Gas $/bbl

— — 59 6 8 73 17 90

— — 52.34 49.97 49.24 51.78 47.87 51.03

mmcf per day

$/mcf

804 784 142 37 69 1,836 570 2,406

2.45 2.85 3.30 3.01 2.79 2.71 2.92 2.76

NGL mbbl per day

Total

$/bbl

— — 18 3 5 26 31 57

— — 22.95 27.33 22.99 23.37 23.02 23.18

mboe per day

134 131 100 15 25 405 143 548

%

24 24 18 3 5 74 26 100%

$/boe

14.67 17.10 39.24 32.57 28.77 23.07 22.34 22.88

2016 Oil mbbl per day

Marcellus Haynesville Eagle Ford Powder River Basin Mid-Continent Retained assets(a) Divested assets(b) Total

— — 56 6 5 67 24 91

Natural Gas $/bbl

— — 42.19 39.58 42.47 41.98 36.89 40.65

mmcf per day

$/mcf

730 681 140 37 39 1,627 1,240 2,867

1.56 2.31 2.61 2.36 2.27 2.00 2.13 2.05

NGL mbbl per day

— — 17 3 3 23 44 67

Total

$/bbl

— — 14.85 17.27 16.71 15.26 14.50 14.76

mboe per day

121 114 97 15 14 361 274 635

%

19 18 15 3 2 57 43 100%

$/boe

9.31 13.87 30.97 24.78 23.55 17.76 15.13 16.63

___________________________________________ (a)

Includes assets retained as of December 31, 2018.

(b)

Divested assets include Barnett, Devonian and certain Mid-Continent assets in 2016, certain Haynesville assets in 2017 and Utica assets in Ohio in 2018.

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Profile for Chesapeake Energy

2018 Annual Report  

2018 Annual Report