Jan. 26, 2006


Description

This event was reschedule to this date from 22 September, 2005.  All registrations not canceled previously have been forwarded to the current date.    

Chesapeake Energy Corporation is now one of the three largest independent producers of natural gas in the U.S. and owns interests in approximately 21,500 producing oil and gas wells, primarily in the mid-continent area.

Chesapeake
’s phenomenal grow has resulted from one of the largest onshore asset acquisition programs in recent memory. From January 1, 1998 through June 30, 2005, Chesapeake was one of the most active consolidators of onshore U.S. natural gas assets, having purchased approximately 4.4 tcfe of proved reserves at a total cost of approximately $5.4 billion. During 2004, acquisition expenditures totaled $2.1 billion  and to date in 2005 have totaled $1.8 billion.  

Despite this fast growth, Chesapeake was also successful in organically growing its
 reserve base. During 2004, Chesapeake drilled 561 (425 net) operated wells and participated in another 890 (121 net) wells operated by other companies. The company’s success rate was 96% for both operated and non-operated wells. During the first half of 2005, Chesapeake drilled 413 (305 net) operated wells and participated in another 505 (60 net) wells operated by other companies. Chesapeake ’s drilling success rate was 98% for company-operated wells and non-operated wells.

Aubrey K. McClendon, Chairman of the Board, Chief Executive Officer, will present this story of success in the Mid-continent, and the engineering challenges that it still sees in successfully managing their mature onshore fields.


Featured Speakers

Speaker Aubrey K. McClendon
Chairman and CEO Chesapeake Energy Corporation Aubrey K. McClendon Chairman of the Board, Chief Executive Officer and Director Aubrey K. McClendon has served as Chairman of the Board, Chief Executive Officer and a director since co-founding Chesapeake Energy Corporation in 1989. From 1982 to 1989, Mr. McClendon was an independent ...

Chairman and CEO
Chesapeake Energy Corporation

Aubrey K. McClendon

Chairman of the Board, Chief Executive Officer and Director

Aubrey K. McClendon has served as Chairman of the Board, Chief Executive Officer and a director since co-founding Chesapeake Energy Corporation in 1989. From 1982 to 1989, Mr. McClendon was an independent producer of oil and gas in affiliation with Tom L. Ward, the Company's President and Chief Operating Officer. Mr. McClendon is a member of the Board of Visitors of the Fuqua School of Business at Duke University. Mr. McClendon graduated from Duke University in 1981.

Full Description



Organizer

Michael Sternesky


Date and Time

Thu, Jan. 26, 2006

11:30 a.m. - 1 p.m.
(GMT-0500) US/Central

Event has ended

If you do not have a full-time job in the oil and gas industry, are a full-time student or Member in Transition (MiT) member, and you do not see a discounted registration fee for students/MiT regarding this event, please contact the GCS manager at spe-gcs@spe.org.


Location

The Courtyard on St. James Place

1885 St. James Place
Houston, Texas
USA