CHK » Topics » Drilling Contracts

This excerpt taken from the CHK 8-K filed Jun 25, 2009.

Drilling Contracts

We have contracts with various drilling contractors to use 40 drilling rigs with terms of one to three years. These commitments are not recorded in the accompanying consolidated balance sheets. Minimum future commitments as of December 31, 2008 are as follows ($ in millions):

 

2009

   $ 146

2010

     79

2011

     44

2012

     7

After 2012

     —  
      

Total

   $ 276
      
This excerpt taken from the CHK 10-Q filed May 11, 2009.

Drilling Contracts

Currently, Chesapeake has contracts with various drilling contractors to lease approximately 32 rigs with terms of one to three years. These commitments are not recorded in the accompanying consolidated balance sheets. As of March 31, 2009, the aggregate drilling rig commitment was approximately $235 million.

These excerpts taken from the CHK 10-K filed Mar 2, 2009.

Drilling Contracts

We have contracts with various drilling contractors to use 40 drilling rigs with terms of one to three years. These commitments are not recorded in the accompanying consolidated balance sheets. Minimum future commitments as of December 31, 2008 are as follows ($ in millions):

 

2009

   $ 146

2010

     79

2011

     44

2012

     7

After 2012

    
      

Total

   $ 276
      

 

90


Table of Contents

CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 

Drilling Contracts

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">We have contracts with various drilling contractors to use 40 drilling rigs with terms of one to three years. These commitments are not recorded in the
accompanying consolidated balance sheets. Minimum future commitments as of December 31, 2008 are as follows ($ in millions):

 

















































2009

  $146

2010

   79

2011

   44

2012

   7

After 2012

   
    

Total

  $276
    

 


90







Table of Contents



CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES

STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

SIZE="1"> 


This excerpt taken from the CHK 8-K filed Jan 28, 2009.

Drilling Contracts

Currently, Chesapeake has contracts with various drilling contractors to lease approximately 40 rigs with terms of one to three years. As of September 30, 2008, the aggregate drilling rig commitment was approximately $206 million.

This excerpt taken from the CHK 10-Q filed Nov 10, 2008.

Drilling Contracts

Currently, Chesapeake has contracts with various drilling contractors to lease approximately 40 rigs with terms of one to three years. As of September 30, 2008, the aggregate drilling rig commitment was approximately $206 million.

This excerpt taken from the CHK 10-Q filed Aug 11, 2008.

Drilling Contracts

Currently, Chesapeake has contracts with various drilling contractors to lease approximately 32 rigs with terms of one to three years. As of June 30, 2008, the aggregate drilling rig commitment was approximately $218 million.

This excerpt taken from the CHK 10-Q filed May 12, 2008.

Drilling Contracts

Currently, Chesapeake has contracts with various drilling contractors to lease approximately 35 rigs with terms of one to three years. As of March 31, 2008, the aggregate drilling rig commitment was approximately $190 million.

As of March 31, 2008, Chesapeake’s service operations subsidiaries have contracted to acquire three rigs to be constructed during 2008. The total remaining cost of the rigs is estimated to be approximately $15 million.

This excerpt taken from the CHK 10-Q filed Nov 9, 2007.

Drilling Contracts

Currently, Chesapeake has contracts with various drilling contractors to use approximately 33 rigs with terms of one to three years. As of September 30, 2007, the aggregate drilling rig commitment was approximately $272 million.

As of September 30, 2007, Chesapeake’s service operations subsidiaries have contracted to acquire 3 rigs to be constructed during 2007. The total remaining cost of the rigs is estimated to be approximately $21 million.

This excerpt taken from the CHK 10-Q filed Aug 8, 2007.

Drilling Contracts

Currently, Chesapeake has contracts with various drilling contractors to use approximately 38 rigs with terms of one to three years. As of June 30, 2007, the aggregate drilling rig commitment was approximately $301 million.

As of June 30, 2007, Chesapeake’s service operations subsidiaries have contracted to acquire six rigs to be constructed during 2007. The total remaining cost of the rigs is estimated to be approximately $45 million.

This excerpt taken from the CHK 10-Q filed May 8, 2007.

Drilling Contracts

Currently, Chesapeake has contracts with various drilling contractors to use approximately 43 rigs with terms of one to three years. As of March 31, 2007, the minimum aggregate drilling rig commitment was approximately $364 million.

As of March 31, 2007, Chesapeake’s service operations companies have contracted to acquire 12 rigs to be constructed during 2007. The total remaining cost of the rigs is estimated to be approximately $86 million.

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