Chesapeake Energy Corporation Makes $1 Million Cash Donation to Aid Tornado Relief Efforts in Moore, Oklahoma
Also Organizing Hundreds of Employee Volunteers and Company
Equipment To Help Victims
Chesapeake Energy Corporation (NYSE: CHK) today announced it will make a
cash donation of $1 million to the American Red Cross to be used in the
rescue and recovery efforts to aid the victims of the devastating
tornadoes that hit Moore, Oklahoma earlier today. Chesapeake is also
organizing hundreds of employee volunteers to help tornado victims.
Archie W. Dunham, Chairman of the Board, said, 'Our hearts go out to the
victims of these terrible storms, and Chesapeake and our employees are
doing all we can to aid in the disaster recovery efforts in our hometown
community. We are providing all possible assistance using Chesapeake
equipment, machinery and resources and many of our people are already
mobilized under the Operation Blue banner and assisting in the rescue
efforts. We urge other local businesses and citizens to pitch in to help
during our community′s hour of need.?
Operation Blue is an annual campaign allowing employees to serve the
needs in their communities by volunteering four hours on company time.
The program will be expanded to support the community during this
crisis. In the past three summers, thousands of Chesapeake employees
have contributed more than 100,000 volunteer hours to hundreds of
organizations in Chesapeake operating areas. Last year, 6,045 Chesapeake
employees gave more than 38,000 volunteer hours to serve 477 nonprofit
organizations across the country.
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 Eagle Ford,
Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime and Niobrara
unconventional liquids plays and in the Marcellus, Haynesville/Bossier
and Barnett unconventional natural gas shale plays. The company also
owns substantial marketing and oilfield services businesses through its
subsidiaries Chesapeake Energy Marketing, Inc. and Chesapeake Oilfield
Operating, L.L.C. Further information is available at www.chk.com
where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and news releases.
Chesapeake Energy Corporation
Jeffrey L. Mobley, 405-767-4763
CFA
jeff.mobley@chk.com
or
Gary
T. Clark, 405-935-6741
CFA
gary.clark@chk.com
or
Michael
Kehs, 405-935-2560
michael.kehs@chk.com
or
Jim
Gipson, 405-935-1310
jim.gipson@chk.com
