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08 noviembre 2006

Form 10-Q for CHESAPEAKE ENERGY CORP

Overview

Three Months Ended Nine Months Ended
September 30, September 30,
2006 2005 2006 2005
Net Production:
Natural gas equivalent (mmcfe) 146,890 120,357 426,318 338,164

Natural Gas Sales ($ in thousands):
Natural gas sales 811,591 833,992 2,526,168 2,005,670
Natural gas derivatives - realized gains (losses) 311,090 (111,668 ) 832,769 (97,955 )
Natural gas derivatives - unrealized gains (losses) 209,794 (100,040 ) 427,768 (131,171 )

Total natural gas sales 1,332,475 622,284 3,786,705 1,776,544

Total oil and natural gas sales $ 1,493,226 $ 720,928 $ 4,190,430 $ 2,032,271

Average Sales Price (excluding all gains (losses) on derivatives):
Natural gas equivalent ($ per mcfe) $ 6.49 $ 7.87 $ 6.87 $ 6.79

Average Sales Price (excluding unrealized gains (losses) on derivatives):
Natural gas equivalent ($ per mcfe) $ 8.54 $ 6.85 $ 8.77 $ 6.42

Expenses ($ per mcfe):
Production expenses $ 0.84 $ 0.67 $ 0.85 $ 0.66
Production taxes $ 0.28 $ 0.44 $ 0.30 $ 0.40
General and administrative expenses $ 0.25 $ 0.13 $ 0.23 $ 0.12
Oil and natural gas depreciation, depletion and amortization $ 2.34 $ 1.92 $ 2.29 $ 1.84
Depreciation and amortization of other assets $ 0.18 $ 0.11 $ 0.17 $ 0.10
Interest expense (b) $ 0.52 $ 0.48 $ 0.52 $ 0.47

Total interest expense $ 74,112 $ 58,593 $ 220,226 $ 155,623

Net Wells Drilled 401 218 985 583
Net Producing Wells as of the End of the Period 18,511 9,313 18,511 9,313