Chesapeake Energy Corporation Receives National Information Technology Award for Second Consecutive Year

Chesapeake Energy Corporation (NYSE:CHK) was recognized by International
Data Group′s (IDG) Computerworld magazine today as #7 on its 2011
list of '100 Best Places to Work in IT,? up from #17 in 2010.

Chesapeake Senior Vice President of Information Technology and Chief
Information Officer Cathy Tompkins commented, 'On behalf of Chesapeake′s
Information Technology Department, it is a great honor for us to be
recognized again this year by the widely respected Computerworld Magazine.
This award reflects the commitment of our management to make sure
Chesapeake has the best technology and information systems in the energy
industry, and that we can attract the best IT people from all over the
country to work here. This company is recognized for innovations,
especially in the exploration and production of unconventional shale oil
and natural gas. Our 500-person IT department moves at the speed of
thought to innovate in support of Chesapeake′s overriding goal to shape
our nation′s energy and economic future.?

Since 1994, Computerworld′s annual '100 Best Places to Work in
IT? feature has ranked the top 100 organizations that challenge
technology professionals, while providing great benefits and
compensation. The honorees are chosen based on a comprehensive
questionnaire regarding company offerings in categories such as
benefits, diversity, career development, training and retention.

Chesapeake was recognized for its innovative work environment and
commitment to providing employees with first-class resources and
exposure to the latest technology and industry-leading business
practices. The company offers an outstanding 401(k) program that matches
100% of employee contributions up to 15% of salary. Among the company′s
many unique on-campus benefits are the 72,000-square-foot fitness
center, a sustainable employee garden, a corporate chaplain, a health
clinic, three restaurants and, coming soon, a child development center.
The company′s culture of concern for employee well-being and continuous
learning drives numerous other distinctive amenities that provide a
rewarding work environment for employees.

'To be among the '100 Best Places to Work in IT,' it's not enough to
seek out and hire the most talented IT professionals, offer them
competitive pay and provide great benefits,? said Scot Finnie, Editor in
Chief of Computerworld. 'Smart IT people realize that they need
to get up to speed on their employer's revenue opportunities. The
organizations that made this year's 'Best Places to Work' list are
creating a work environment that both trains and encourages IT personnel
to pursue business-driven priorities.?

Computerworld is the leading source of technology news and
information for IT influencers worldwide, providing peer perspective, IT
leadership and business results. Computerworld′s award-winning
website (http://www.computerworld.com),
bi-weekly publication, focused conference series and custom research
form the hub of the world′s largest (40+ edition) global IT media
network. Computerworld is published by IDG Enterprise, a
subsidiary of IDG, the world′s leading media, events and research
company. Company information is available at www.idgenterprise.com.

Chesapeake Energy Corporation 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 Barnett,
Haynesville, Bossier, Marcellus and Pearsall natural gas shale plays and
in the Granite Wash, Cleveland, Tonkawa, Mississippian, Bone Spring,
Avalon, Wolfcamp, Wolfberry, Eagle Ford, Niobrara, Three Forks/Bakken
and Utica unconventional liquids plays.The company has
also vertically integrated its operations and owns substantial
midstream, compression, drilling and oilfield service assets.Chesapeake′s
stock is listed on the New York Stock Exchange under the symbol CHK.Further information is available at www.chk.com
where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and press releases.

Chesapeake

Sondra Allen, 405-935-7538

Sondra.allen@chk.com