Exhibit 99.2 FOR IMMEDIATE RELEASE MARCH 17, 2009 | N e w s R e l e a s e Chesapeake Energy Corporation P. O. Box 18496 Oklahoma City, OK 73154 |
INVESTOR CONTACT: JEFFREY L. MOBLEY, CFA SENIOR VICE PRESIDENT - INVESTOR RELATIONS AND RESEARCH (405) 767-4763 jeff.mobley@chk.com | MEDIA CONTACT: JIM GIPSON DIRECTOR – MEDIA RELATIONS (405) 935-1310 jim.gipson@chk.com |
CHESAPEAKE ENERGY CORPORATION DECLARES QUARTERLY
COMMON AND PREFERRED STOCK DIVIDENDS
OKLAHOMA CITY, OKLAHOMA, MARCH 17, 2009 – Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.075 per share quarterly dividend that will be paid on April 15, 2009 to common shareholders of record on April 1, 2009. Chesapeake has approximately 624 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.
| | Cumulative Convertible Preferred Stock |
| | 5% (2005) | 4.50% | 5% (2005B) | 6.25% |
| NYSE Symbol | N/A | CHK Pr D | N/A | CHK Pr E |
| Date of Issue | April 19, 2005 | Sept. 14, 2005 | Nov. 8, 2005 | June 30, 2006 |
| Registered CUSIP | 165167859 | 165167842 | 165167826 | 165167818 |
| 144A CUSIP | 165167867 | N/A | 165167834 | N/A |
| Par Value per Share | $0.01 | $0.01 | $0.01 | $0.01 |
| Shares Outstanding | 5,000 | 2,558,900 | 2,095,615 | 143,768 |
| Liquidation Preference per Share | $100 | $100 | $100 | $250 |
| Record Date | April 1, 2009 | June 1, 2009 | May 1, 2009 | June 1, 2009 |
| Payment Date | April15, 2009 | June 15, 2009 | May 15, 2009 | June 15, 2009 |
| Amount per Share | $1.25 | $1.125 | $1.25 | $3.90625 |
Chesapeake Energy Corporation is the largest independent producer of natural gas in the U.S. Headquartered in Oklahoma City, the company's operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Barnett Shale, Haynesville Shale, Fayetteville Shale, Marcellus Shale, Anadarko Basin, Arkoma Basin, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and East Texas regions of the United States. Further information is available at www.chk.com.
