Fresh Cheekiness From Chesapeake Energy

From Chesapeake Propaganda Minster, The Most Hated Woman in Fort Worth, Texas, Julie Wilson (no kidding):

Good morning!

We thought you’d like to have a heads-up on an exciting event:

Chesapeake will be spudding Fort Worth’s first downtown well this Friday, August 15.

Trinidad Rig #111 – the same turquoise rig that drilled the Pearson site (aka the “Trinity Trails” site near Colonial) will be drilling the Westgate 1-H on the south edge of downtown behind the old red brick Star-Telegram warehouse off Lancaster. We’ll be doing preliminary work and rigging up from Tuesday to Thursday and turning the drillbit on Friday morning.

The initial well will be drilled westerly, not actually under downtown. Key mineral owners for the first well include UPRR, J. Don Williamson, World Life Insurance, Richard May, Robert Ritter, Champion Parts, Ron Investments, and Harmony Realty Corp. Future wells from this site could develop the minerals underneath City Hall, the Convention Center, the Fort Worth Club, portions of Sundance Square, and other parts of downtown. Chesapeake plans to develop the balance of Downtown from our four other sites in the area, including our “Ron” site - located behind the Ashton Depot, the "Dakota" site - located northwest of Downtown near the railroad tracts and Dakota St., the "Henderson Bazaar" site - located at the intersection of Jacksboro Highway and Henderson St., and the "Fourth Street" site - located just east of I-35W and south of 4th St.

This Trinidad is one of the newer, quieter, and more attractive rigs in our fleet. Because this location will have such high visibility from the highway as well as downtown, we want you to know that we’re paying special attention to the noise and aesthetics. Frankly, the noise shouldn’t be an issue as this is close to the active train tracks as well as the highway, but we will nonetheless be very mindful of neighbors and install sound blankets. We will be restricting our construction traffic to avoid business commuter times (curtailing from 7 – 9 am and 4 - 7 pm). The city-approved traffic route is from I-30 to Lancaster to Lamar. As with other wells, the drilling here should take about 18-24 days. We are only drilling one well here at this time, so the rig will move off in early September.

Because we anticipate interest in this location will be high – and the location convenient - we’ll offer a series of “rig tour” times for civic leaders, city staff, and council members. Although we don’t know yet exactly what time the drilling will commence on Friday, we will hold a small inaugural tour at 2 pm for those who’d like to be present on the exciting first day. If you would like to participate, please let us know, as space will be limited. Otherwise, we will send you a schedule of other tours so you can select a convenient date and time.

Hope to see you soon!

Julie H. Wilson

Vice President - Corporate Development
Chesapeake Energy Corporation
301 Commerce St. #600Fort Worth, TX 76102
Main: 817-870-1250
Direct: 817-870-5656
Cell: 817-929-6270
julie.wilson@chk.com