Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

Mon Dec 17, 2012 4:01pm EST

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OKLAHOMA CITY--(Business Wire)--
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, 2013 to common shareholders of record on January 15, 2013.
Chesapeake has approximately 665 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, 2013               February 1, 2013           February 1, 2013           February 1, 2013   
 Payment Date                              March 15, 2013              February 15, 2013          February 15, 2013          February 15, 2013  
 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 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
John J. Kilgallon, 405-935-4441
Media Contacts:
Michael Kehs, 405-935-2560
Jim Gipson, 405-935-1310

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