Chesapeake Honoured for Industry Leadership Toward NGVs by Platts

| USA, Oklahoma City OK

Chesapeake leadership … “a game-changer for the U.S. economy”

Chesapeake Energy Corporation, the second-largest producer of natural gas in the US, has received the Industry Leadership Award at the 13th Annual Platts Global Energy Awards program in New York City.

In the Industry Leadership Award category, Platts stated, “Chesapeake Energy Corporation is positioning itself to help lead the transition toward a greater use of natural gas as the fuel for motor vehicles. Such an effort to promote the use of compressed natural gas (CNG) and liquefied natural gas (LNG) to fuel vehicles could help the United States reduce its dependence on gasoline and diesel, and thus high-cost imported oil, and approach energy independence. This could be a game-changer for the U.S. economy, energy policy and foreign policy, a leadership initiative that has earned this year’s Industry Leadership Award.”

“We are proud of the accomplishments of our more than 12,000 employees and honored to receive the Industry Leadership Award,” Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented. “We are pleased to have been honored with the Industry Leadership Award twice in the past three years. We appreciate Platts’ recognition of our achievements and believe these awards reflect very favorably on the company’s strategy and the accomplishments of its employees and management team. We look forward to continuing to drive innovation in our industry and creating value for our shareholders for many years to come.”

The Platts Global Energy Awards recognize excellence and innovation by companies and executives throughout the global energy industry. Finalists were chosen for the Global Energy Awards from more than 200 nominations. Chesapeake was also a finalist for the CEO of the Year, Energy Producer of the Year and Community Development Program of the Year awards. Chesapeake is one of only two companies that received multiple awards this year and one of only two companies selected as a finalist in five or more categories. This is the second time in three years that Chesapeake has received the Industry Leadership Award from Platts. During the past five years, Chesapeake has earned five Platts Global Energy Awards and has been nominated for nine more, the most recognition of any E&P company in the world.

The company was also awarded the 2011 Deal of the Year award for its industry joint ventures in the Eagle Ford Shale and Denver-Julesberg and Powder River basins with a subsidiary of CNOOC Limited.

(This article compiled using information from a Chesapeake Energy Corporation press release)

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