This excerpt taken from the CHK 8-K filed Jul 9, 2008.
Business, page 1
Response: We discuss our competitive position on page 22 in Item 1A. Generally, the demand for natural gas decreases during the summer months and increases during the winter months. Seasonal anomalies such as mild winters or hot summers can lessen or intensify this fluctuation. In addition, pipelines, utilities, local distribution companies and industrial users utilize natural gas storage facilities and purchase some of their anticipated winter requirements during the summer. This can lessen seasonal demand fluctuations. World weather and resultant prices for LNG can also affect deliveries of competing LNG into this country from abroad, affecting the price of domestically produced natural
Securities and Exchange Commission
June 13, 2008
Page 2 of 14
gas. While the first risk factor included in Item 1A on oil and natural gas price volatility refers to a number of these factors, we will include a discussion of seasonality, such as the foregoing, in Item 1 of our 2008 Form 10-K.