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 1, 2010
| INVESTOR CONTACTS: | MEDIA CONTACT: |
JEFFREY L. MOBLEY, CFA (405) 767-4763 jeff.mobley@chk.com JOHN J. KILGALLON (405) 935-4441 john.kilgallon@chk.com | JIM GIPSON (405) 935-1310 jim.gipson@chk.com |
CHESAPEAKE ENERGY CORPORATION DECLARES QUARTERLY COMMON
AND PREFERRED STOCK DIVIDENDS
OKLAHOMA CITY, OKLAHOMA, SEPTEMBER 1, 2010 – 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, 2010 to common shareholders of record on October 1, 2010. Chesapeake has approximately 655 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 |
| Par Value per Share | $0.01 | $0.01 | $0.01 | $0.01 |
| Shares Outstanding | 2,558,900 | 2,095,615 | 1,500,000 | 1,100,000 |
| Liquidation Preference per Share | $100 | $100 | $1,000 | $1,000 |
| Record Date | December 1, 2010 | November 1, 2010 | November 1, 2010 | November 1, 2010 |
| Payment Date | December15, 2010 | November 15, 2010 | November 15, 2010 | November 15, 2010 |
| Amount per Share | $1.125 | $1.25 | $14.375 | $14.375 |
Chesapeake Energy Corporation is the second-largest producer of natural gas 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 Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Eagle Ford, Granite Wash and various other unconventional oil plays. The company has also vertically integrated its operations and owns substantial midstream, compression, drilling and oilfield service assets. Further information is available at www.chk.com.