Chesapeake Energy Corporation Makes $1 Million Cash Donation to Aid Tornado Relief Efforts in Moore, Oklahoma

  Chesapeake Energy Corporation Makes $1 Million Cash Donation to Aid Tornado
  Relief Efforts in Moore, Oklahoma

Also Organizing Hundreds of Employee Volunteers and Company Equipment To Help
                                   Victims

Business Wire

OKLAHOMA CITY -- May 20, 2013

Chesapeake Energy Corporation (NYSE: CHK) today announced it will make a cash
donation of $1 million to the American Red Cross to be used in the rescue and
recovery efforts to aid the victims of the devastating tornadoes that hit
Moore, Oklahoma earlier today. Chesapeake is also organizing hundreds of
employee volunteers to help tornado victims.

Archie W. Dunham, Chairman of the Board, said, “Our hearts go out to the
victims of these terrible storms, and Chesapeake and our employees are doing
all we can to aid in the disaster recovery efforts in our hometown community.
We are providing all possible assistance using Chesapeake equipment, machinery
and resources and many of our people are already mobilized under the Operation
Blue banner and assisting in the rescue efforts. We urge other local
businesses and citizens to pitch in to help during our community’s hour of
need.”

Operation Blue is an annual campaign allowing employees to serve the needs in
their communities by volunteering four hours on company time. The program will
be expanded to support the community during this crisis. In the past three
summers, thousands of Chesapeake employees have contributed more than 100,000
volunteer hours to hundreds of organizations in Chesapeake operating areas.
Last year, 6,045 Chesapeake employees gave more than 38,000 volunteer hours to
serve 477 nonprofit organizations across the country.

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 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
www.chk.com where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and news releases.

Contact:

Chesapeake Energy Corporation
Jeffrey L. Mobley, 405-767-4763
CFA
jeff.mobley@chk.com
or
Gary T. Clark, 405-935-6741
CFA
gary.clark@chk.com
or
Michael Kehs, 405-935-2560
michael.kehs@chk.com
or
Jim Gipson, 405-935-1310
jim.gipson@chk.com
 
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