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Press release from Business Wire

Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

Monday, September 24, 2012

Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends16:01 EDT Monday, September 24, 2012 OKLAHOMA CITY (Business Wire) -- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on October 31, 2012 to common shareholders of record on October 15, 2012. Chesapeake has approximately 665 million common shares outstanding. In addition, Chesapeake's Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.       4.50%       5% (2005B)       5.75%       5.75% (Series A)NYSE Symbol     CHK Pr D       N/A       N/A       N/A Date of Original Issue     September 14, 2005       November 8, 2005       May 17, 2010       May 17, 2010 Registered CUSIP     165167842       165167826       N/A       N/A 144A CUSIP     N/A       165167834       165167776       165167784 RegS CUSIP     N/A       N/A       U16450204       U16450113 Clean (no legends) CUSIP     N/A       N/A       165167768       N/A Par Value per Share     $0.01       $0.01       $0.01       $0.01 Shares Outstanding     2,558,900       2,095,615       1,497,000       1,100,000 Liquidation Preference per Share     $100       $100       $1,000       $1,000 Record Date     December 3, 2012       November 1, 2012       November 1, 2012       November 1, 2012 Payment Date     December 17, 2012       November 15, 2012       November 15, 2012       November 15, 2012 Amount per Share     $1.125       $1.25       $14.375       $14.375                       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 Services, L.L.C. Further information is available at where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases. Chesapeake Energy CorporationInvestor Contacts:Jeffrey L. Mobley, CFA, 405-767-4763jeff.mobley@chk.comorJohn J. Kilgallon, 405-935-4441john.kilgallon@chk.comorMedia Contacts:Michael Kehs, 405-935-2560michael.kehs@chk.comorJim Gipson,