This excerpt taken from the CHK 8-K filed Nov 1, 2005.
Outlooks for 2005 and 2006 Updated and Initial Outlook for 2007 Provided
Average prices realized during the 2005 third quarter (including realized gains or losses from oil and gas derivatives, but excluding unrealized gains or losses on such derivatives) were $53.30 per bbl and $6.64 per thousand cubic feet (mcf), for a realized gas equivalent price of $6.85 per mcfe. Chesapeakes average realized pricing differentials to NYMEX during the third quarter were a negative $4.81 per bbl and a negative $1.14 per mcf. Oil and natural gas hedging activities during the quarter decreased oil and gas sales by $122.6 million, or $5.68 per bbl and $1.03 per mcf, or $1.02 per mcfe.
Chesapeake has added to its 2005, 2006, 2007 and 2008 oil and natural gas hedge positions previously provided in our Outlook dated October 3, 2005. The following tables compare Chesapeakes hedged production volumes through swaps as of October 31, 2005 to those as of October 3, 2005: