Chesapeake Energy Corporation Declares Quarterly Common And Preferred Stock Dividends

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.

		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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