November 3, 2008

Chesapeake Energy Announces Key Executive Appointment

Chesapeake Energy has appointed Mike Stice as senior vice president of natural gas projects, and president and COO of Chesapeake Midstream Partners.

Mr Stice joins Chesapeake after spending 27 years with ConocoPhillips and its predecessor companies; where he most recently served as president of ConocoPhillips Qatar, responsible for the development, management and construction of natural gas liquefaction and regasification (LNG) projects.

Aubrey McClendon, CEO of Chesapeake, said: "We are extremely pleased for Mike to join Chesapeake's senior management team. He is exceptionally well known in the global natural gas industry and has capably led the development of many key midstream projects during his career at ConocoPhillips. We look forward to leveraging Mike's tremendous midstream and LNG experience in his new roles at Chesapeake in the years ahead."