Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

OKLAHOMA CITY--(BUSINESS WIRE)--Dec. 19, 2011-- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on January 31, 2012 to common shareholders of record on January 17, 2012. Chesapeake has approximately 660 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

                 
    4.50%   5% (2005B)   5.75%   5.75% (Series A)
NYSE Symbol   CHK Pr D   N/A   N/A   N/A
Date of Original Issue   September 14, 2005   November 8, 2005   May 17, 2010   May 17, 2010
Registered CUSIP   165167842   165167826   N/A   N/A
144A CUSIP   N/A   165167834   165167776   165167784
RegS CUSIP   N/A   N/A   U16450204   U16450113
Clean (no legends) CUSIP   N/A   N/A   165167768   N/A
Par Value per Share   $0.01   $0.01   $0.01   $0.01
Shares Outstanding   2,558,900   2,095,615   1,497,000   1,100,000
Liquidation Preference per Share   $100   $100   $1,000   $1,000
Record Date   March 1, 2012   February 1, 2012   February 1, 2012   February 1, 2012
Payment Date   March 15, 2012   February 15, 2012   February 15, 2012   February 15, 2012
Amount per Share   $1.125   $1.25   $14.375   $14.375
                 

Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of natural gas, a Top 15 producer of oil and natural gas liquids 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, Haynesville, Bossier, Marcellus and Pearsall natural gas shale plays and in the Granite Wash, Cleveland, Tonkawa, Mississippi Lime, Bone Spring, Avalon, Wolfcamp, Wolfberry, Eagle Ford, Niobrara, Three Forks/Bakken and Utica unconventional liquids plays. The company has also vertically integrated its operations and owns substantial midstream, compression, drilling, trucking, pressure pumping and other oilfield service assets directly and indirectly through its subsidiaries Chesapeake Midstream Development, L.P. and Chesapeake Oilfield Services, L.L.C. and its affiliate Chesapeake Midstream Partners, L.P. (NYSE:CHKM) Further information is available at www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.

Source: Chesapeake Energy Corporation

Chesapeake Energy Corporation
Jeffrey L. Mobley, CFA, 405-767-4763
jeff.mobley@chk.com
or
John J. Kilgallon, 405-935-4441
john.kilgallon@chk.com
or
Media Relations:
Michael Kehs, 405-935-2560
michael.kehs@chk.com
or
Jim Gipson, 405-935-1310
jim.gipson@chk.com