Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

  Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock

Business Wire

OKLAHOMA CITY -- April 8, 2013

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 April 30, 2013 to common shareholders of record on April 15, 2013.
Chesapeake has approximately 667 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          September      November 8,    May 17,      May 17,
Original Issue    14, 2005         2005             2010           2010
Registered       165167842      165167826      N/A          N/A
144A CUSIP       N/A            165167834      165167776    165167784
RegS CUSIP       N/A            N/A            U16450204    U16450113
Clean (no        N/A            N/A            165167768    N/A
legends) CUSIP
Par Value per    $0.01          $0.01          $0.01        $0.01
Shares           2,558,900      2,095,615      1,497,000    1,100,000
Preference per   $100           $100           $1,000       $1,000
Record Date      June 3, 2013   May 1, 2013    May 1,       May 1, 2013
Payment Date     June 17,       May 15, 2013   May 15,      May 15,
                  2013                              2013           2013
Amount per       $1.125         $1.25          $14.375      $14.375

Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of
natural gas, a top 11 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 Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa,
Mississippi Lime and Niobrara unconventional liquids plays and in the
Marcellus, Haynesville/Bossier and Barnett unconventional natural gas shale
plays. The company also owns substantial marketing and oilfield services
businesses through its subsidiaries Chesapeake Energy Marketing, Inc. and
Chesapeake Oilfield Operating, L.L.C. Further information is available at where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and news releases.


Chesapeake Energy Corporation
Investor Contacts:
Jeffrey L. Mobley, CFA, 405-767-4763
Gary T. Clark, CFA, 405-935-6741
Media Contacts:
Michael Kehs, 405-935-2560
Jim Gipson, 405-935-1310
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