Chesapeake Energy Corporation Schedules Conference Call to Discuss Updated Financial and Operational Plans Through 2010

OKLAHOMA CITY--(BUSINESS WIRE)--Dec. 5, 2008--Chesapeake Energy Corporation (NYSE:CHK) today announced plans to hold a conference call to discuss updated financial and operational plans through 2010 that will include a reduced capital expenditure budget and details of Chesapeake's plans for building substantial cash resources over the next two years.

The conference call is scheduled for Monday morning, December 8, 2008, at 9:00 a.m. EST. The telephone number to access the conference call is 913-312-1236 or toll-free 888-211-7383. The passcode for the call is 1193464. We encourage those who would like to participate in the call to dial the access number between 8:50 and 9:00 a.m. EST. For those unable to participate in the conference call, a replay will be available for audio playback from 2:00 p.m. EST on December 8, 2008 through midnight EST on December 22, 2008. The number to access the conference call replay is 719-457-0820 or toll-free 888-203-1112. The passcode for the replay is 1193464. The conference call will also be webcast live on the Internet and can be accessed by going to Chesapeake's website at and selecting the "News & Events" section. The webcast of the conference call will be available on our website for one year.

Chesapeake Energy Corporation is the largest producer of natural gas in the U.S. Headquartered in Oklahoma City, the company's operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Fort Worth Barnett Shale, Fayetteville Shale, Haynesville Shale, Marcellus Shale, Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and Ark-La-Tex regions of the United States. Further information is available at



CONTACT: Chesapeake Energy Corporation
Jeffrey L. Mobley, CFA, 405-767-4763
Senior Vice President -
Investor Relations and Research
Marc Rowland, 405-879-9232
Executive Vice President
and Chief Financial Officer

Source: Chesapeake Energy Corporation