Exhibit 99.2
 | N e w s R e l e a s e Chesapeake Energy Corporation P. O. Box 18496 Oklahoma City, OK 73154 |
FOR IMMEDIATE RELEASE
SEPTEMBER 24, 2009
CONTACTS:
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, SEPTEMBER 24, 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 October 15, 2009 to common shareholders of record on October 1, 2009. Chesapeake has approximately 642 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.
| 5% (2005) | 4.50% | 5% (2005B) | |
| NYSE Symbol | N/A | CHK Pr D | N/A |
| Date of Issue | April 19, 2005 | September 14, 2005 | November 8, 2005 |
| Registered CUSIP | 165167859 | 165167842 | 165167826 |
| 144A CUSIP | 165167867 | N/A | 165167834 |
| Par Value per Share | $0.01 | $0.01 | $0.01 |
| Shares Outstanding | 5,000 | 2,558,900 | 2,095,615 |
| Liquidation Preference per Share | $100 | $100 | $100 |
| Record Date | October 1, 2009 | December 1, 2009 | November 2, 2009 |
| Payment Date | October 15, 2009 | December 15, 2009 | November 16, 2009 |
| Amount per Share | $1.25 | $1.125 | $1.25 |
Chesapeake Energy Corporation is one of the leading producers of natural gas in the U.S. Headquartered in Oklahoma City, the company's operations are focused on the development of onshore unconventional and conventional natural gas in the U.S. 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.