EX-99 2 chk09262006_exh991.htm PRESS RELEASE OF SEPTEMBER 25, 2006

EXHIBIT 99.1

 

 

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 25, 2006

 

CONTACTS:

JEFFREY L. MOBLEY, CFA

SENIOR VICE PRESIDENT -

INVESTOR RELATIONS AND RESEARCH

(405) 767-4763

MARC ROWLAND

EXECUTIVE VICE PRESIDENT

AND CHIEF FINANCIAL OFFICER

(405) 879-9232

 

CHESAPEAKE ENERGY CORPORATION DECLARES QUARTERLY

COMMON AND PREFERRED STOCK DIVIDENDS

 

OKLAHOMA CITY, OKLAHOMA, SEPTEMBER 25, 2006 – Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.06 per share quarterly dividend that will be paid on October 16, 2006 to common shareholders of record on October 2, 2006. Chesapeake has approximately 435 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.

 

Chesapeake Energy Corporation

Preferred Stock Dividend Declaration

 

 

Cumulative Convertible Preferred Stock

 

5% (2003)

4.125%

5% (2005)

4.50%

5% (2005B)

6.25%

NYSE Symbol

CHK Pr B

N/A

N/A

CHK Pr D

N/A

CHK Pr E

Date of Issue

Nov. 18, 2003

Mar. 30, 2004

April 19, 2005

Sept. 14, 2005

Nov. 8, 2005

June 30, 2006

Registered CUSIP

165167800

165167875

165167859

165167842

165167826

165167818

144A CUSIP

N/A

165167883

165167867

N/A

165167834

N/A

Par Value per Share

$0.01

$0.01

$0.01

$0.01

$0.01

$0.01

Shares Outstanding

38,625

3,065

4,600,000

3,450,000

5,750,000

2,300,000

Liquidation Preference per Share

$100

$1,000

$100

$100

$100

$250

Record Date

Nov. 1, 2006

Dec. 1, 2006

Oct. 2, 2006

Dec. 1, 2006

Nov. 1, 2006

Dec. 1, 2006

Payment Date

Nov. 15, 2006

Dec. 15, 2006

Oct. 16, 2006

Dec. 15, 2006

Nov. 15, 2006

Dec. 15, 2006

Amount per Share

$1.25

$10.3125

$1.25

$1.125

$1.25

$3.90625

 

Chesapeake Energy Corporation is the third 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 Mid-Continent, Permian Basin, South Texas, Texas Gulf Coast, Barnett Shale, Ark-La-Tex and Appalachian Basin regions of the United States. The company’s Internet address is www.chkenergy.com.