Chesapeake Energy Receives Awards for Industry Leadership and Deal of the Year at the 2011 Platts Global Energy Awards Program in New York City
Chesapeake Energy Corporation (NYSE:CHK) received the Industry
Leadership Award at the 13th Annual Platts Global Energy
Awards program last night in New York City and also received the 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 (NYSE:CEO).
(Photo: Business Wire)
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.
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.?
In the Deal of the Year category, Platts also added, 'Chesapeake
Energy Corporation reshaped the contours of international energy
exploration with two landmark deals with the same partner: CNOOC, the
state-owned China National Offshore Oil Corporation. Chesapeake and its
CEO Aubrey K. McClendon singlehandedly transformed U.S.-China energy
cooperation and helped strengthen overall U.S.-China economic relations.
Seldom does a single set of transactions have such a serious commercial,
diplomatic and energy-policy impact. For its pioneering efforts to
create an international partnership that may have wide-ranging energy
and economic implications for years to come, Chesapeake has certainly
eclipsed all other competitors in the 2011 award category for Deal of
the Year.?
Aubrey K. McClendon, Chesapeake′s Chief Executive Officer, commented,
'We are proud of the accomplishments of our more than 12,000 employees
and honored to receive the Industry Leadership Award and Deal
of the Year Award for 2011. 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.?
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Additional information is available at www.platts.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, Mississippi Lime, 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, trucking, pressure pumping and other
oilfield service assets directly and indirectly through its subsidiaries
Chesapeake Midstream Development, L.P. and Chesapeake Oilfield Services,
L.L.C. and its affiliate Chesapeake Midstream Partners, L.P. (NYSE:CHKM).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.
Photos/Multimedia ?Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50093615&lang=en
Chesapeake Energy Corporation
Jeffrey L. Mobley, CFA, 405-767-4763
jeff.mobley@chk.com
or
John
J. Kilgallon, 405-935-4441
john.kilgallon@chk.com
or
Media
Contact:
Michael Kehs, 405-935-2560
michael.kehs@chk.com
or
Jim
Gipson, 405-935-1310
jim.gipson@chk.com
