Chesapeake 1Q ’23 Earnings Highlights

1Q ’23 Earnings Highlights

Flexible operating plan based on market conditions

• 2023 activity reductions:

– 1Q’23: Released 1 rig in Haynesville and 1 frac crew in Marcellus

– 2Q’23: Releasing 1 frac crew in Haynesville

– 3Q’23: Releasing 1 rig in Haynesville and 1 rig in Marcellus

• 2Q vs. 1Q’23: 10% decrease in D&C capital, 5% decrease in Natural Gas production

https://filecache.investorroom.com/mr5ir_chk/759/CHK_1Q23_Earnings_...

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About As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More	Links About General Info Guidelines Supporters Donate Advertise Subscriptions Contact us

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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More

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