Exhibit 99.2
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News Release | |  |
FOR IMMEDIATE RELEASE
JUNE 12, 2012
CHESAPEAKE ENERGY CORPORATION DECLARES QUARTERLY
COMMON AND PREFERRED STOCK DIVIDENDS
OKLAHOMA CITY, OKLAHOMA, JUNE 12, 2012 – 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 July 31, 2012 to common shareholders of record on July 16, 2012. Chesapeake has approximately 662 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.
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| | | 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 | | | September 4, 2012 | | | | August 1, 2012 | | | | August 1, 2012 | | | | August 1, 2012 | |
Payment Date | | | September 17, 2012 | | | | August 15, 2012 | | | | August 15, 2012 | | | | August 15, 2012 | |
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 Marcellus, Haynesville, Bossier, and Barnett natural gas shale plays and in the Eagle Ford, Utica, Mississippi Lime, Granite Wash, Cleveland, Tonkawa, Niobrara, Bone Spring, Avalon, Wolfcamp and Wolfberry unconventional liquids plays. The company has also vertically integrated its operations and owns substantial marketing, midstream and oilfield services businesses directly and indirectly through its subsidiaries Chesapeake Energy Marketing, Inc., Chesapeake Midstream Development, L.P. and Chesapeake Oilfield Services, L.L.C. and its affiliate Chesapeake Midstream Partners, L.P. (NYSE:CHKM). Further information is available at www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.
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CHESAPEAKE CONTACTS: | | MEDIA CONTACTS: | | CHESAPEAKE ENERGY CORPORATION |
Jeffrey L. Mobley, CFA (405) 767-4763 jeff.mobley@chk.com | | John J. Kilgallon (405) 935-4441 john.kilgallon@chk.com | | Michael Kehs
(405) 935-2560 michael.kehs@chk.com | | Jim Gipson
(405) 935-1310 jim.gipson@chk.com | | 6100 North Western Avenue
P.O. Box 18496 Oklahoma City, OK 73154 |
