Performance Metrics
| Company Profile | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenues | $5.79 billion | $5.21 billion | $8.49 billion | $10.23 billion | $9.50 billion |
| Operated wells | 5,700 | 5,200 | 8,500 | 7,200 | 9,500 |
| Net average daily production (mboe/d) | 460 | 445 | 485 | 520 | 548 |
| Proved reserves (mmboe) | 1,596 | 802 | 1,572 | 1,448 | 1,912 |
| Tax payments (state and federal) | $211 million | $195 million | $272 million | $236.5 million | $206 million |
| Health and Safety | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Employee Total Recordable Incident Rate (TRIR) | 0.17 | 0.40 | 0.16 | 0.26 | 0.05 |
| Employee Lost Time Incident Rate (LTIR) | 0.00 | 0.04 | 0.03 | 0.03 | 0.02 |
| Employee Days Away, Restricted or Transferred (DART) rate | 0.00 | 0.08 | 0.06 | 0.06 | 0.02 |
| Employee fatalities | 0 | 0 | 0 | 1 | 0 |
| Contractor TRIR | 0.64 | 0.38 | 0.49 | 0.62 | 0.56 |
| Contractor LTIR | 0.15 | 0.16 | 0.12 | 0.14 | 0.14 |
| Contractor DART rate | 0.31 | 0.17 | 0.22 | 0.33 | 0.34 |
| Contractor fatalities | 1 | 3 | 0 | 0 | 0 |
| Combined TRIR (employee and contractor) | 0.51 | 0.39 | 0.42 | 0.53 | 0.41 |
| Motor vehicle accident rate | 1.92 | 1.79 | 1.58 | 1.46 | 1.42 |
| HSER training hours per employee (average)(1) | 8 | 8 | 12 | 9 | 13 |
| Workforce | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Employee headcount | 1,251 | 1,532 | 2,292 | 2,351 | 3,223 |
| Women in workforce | 25% | 29% | 28% | 32% | 31% |
Board of Directors | 14% | 25% | 20% | 25% | 25% |
In leadership (supervisor level and above) | 18% | 22% | 22% | 22% | 22% |
Individual contributors | 27% | 30% | 25% | 28% | 26% |
| Ethnic minorities in workforce | 21% | 21% | 18% | 17% | 16% |
Board of Directors | 14% | 13% | 10% | 13% | 13% |
In leadership (supervisor level and above) | 10% | 10% | 10% | 11% | 9% |
Individual contributors | 24% | 23% | 18% | 16% | 15% |
| Voluntary turnover rate (% of workforce) | 10% | 7% | 7% | 10% | 8% |
| Voluntary turnover (number of employees) | 123 | 136 | 177 | 256 | 250 |
| Staff reduction (number of employees) | 236 | 550 | 329 | 439 | 36 |
| Professional development training hours per employee (average) | 10 | 4 | 19 | 30 | 29 |
| Communities | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Charitable giving (financial and in-kind) | $874,136 | $899,399 | $1.45 million | $1.60 million | $1.78 million |
| Employee giving (workplace campaigns) | $365,715 | $412,254 | $773,863 | $834,768 | $1.06 million |
| Owner Relations team interactions (phone calls and emails) | ~44,500 | ~48,500 | ~92,000 | ~85,600 | ~105,700 |
| Environment | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Scope 1 GHG emissions (million metric tons CO2e)(2) | 1.83 | 1.86 | 2.81 | 2.55 | 3.22 |
Carbon dioxide (million metric tons) | 1.09 | 0.94 | – | – | – |
Methane (million metric tons CO2e) | 0.74 | 0.91 | – | – | – |
Methane (% of Scope 1) | 40% | 49% | – | – | – |
Nitrous oxide (million metric tons CO2e) | 0.001 | 0.001 | – | – | – |
| GHG emissions intensity (metric tons CO2e/gross mboe produced)(2) | 4.5 | 6.0 | 8.2 | 7.2 | 9.1 |
| Methane intensity (volume methane emissions/volume gross natural gas produced)(2) | 0.07% | 0.13% | 0.17% | 0.16% | 0.19% |
| Scope 1 GHG emission sources (metric tons CO2e)(2) | 1,827,307 | 1,855,982 | – | – | – |
Flared hydrocarbons (metric tons CO2e) | 24,327 | 57,992 | – | – | – |
Other combustion (metric tons CO2e) | 1,050,328 | 902,773 | – | – | – |
Process emissions (metric tons CO2e) | 20,323 | 71 | – | – | – |
Other vented emissions (metric tons CO2e) | 696,120 | 861,062 | – | – | – |
Fugitive emissions (metric tons CO2e) | 32,334 | 34,084 | – | – | – |
| Scope 2 GHG emissions (million metric tons CO2e)(3) | 0.057 | 0.063 | – | – | – |
| Scopes 1 & 2 combined GHG emissions intensity (metric tons CO2e/gross mboe produced) | 4.6 | – | – | – | – |
| Scope 3 GHG emissions (million metric tons CO2e)(4) | 59 | 57 | – | – | – |
| Gross annual volume of flared gas (mcf)(2) | 293,595 | 711,934 | – | – | – |
| Flaring intensity (gross annual volume of flared gas (mcf)/gross annual production (mcf))(2) | 0.01% | 0.05% | – | – | – |
| Flaring intensity (gross annual volume of flared gas (mcf)/gross annual production (boe))(2) | 0.001 | 0.002 | – | – | – |
| Water efficiency rate (water used (bbl)/boe produced for wells completed in a given year) | 0.74 | 0.94 | 1.01 | 1.13 | 1.09 |
| Water efficiency rate (water used (bbl)/EUR boe for wells completed in a given year) | 0.16 | 0.18 | 0.23 | 0.22 | 0.23 |
| Freshwater intensity rate (freshwater consumed (bbl)/boe produced) | 0.16 | 0.19 | 0.24 | 0.22 | 0.23 |
| Total freshwater consumed from regions with high or extremely high baseline water stress (bbl)(5) | 0 | 1,570,177 | 3,078,282 | – | – |
| Total volume of produced water recycled/reused (gal) | 157,144,134 | 119,798,490 | 64,714,356 | 107,543,659 | 128,052,162 |
| Water recycling rate (water recycled (bbl)/total water consumed (bbl)) | 0.021 | 0.024 | 0.027 | 0.037 | 0.036 |
| Hydrocarbon spills > 1 bbl outside of secondary containment (count) | 38 | 48 | 67 | – | – |
Total bbls | 1,155 | 374 | 580 | – | – |
Percent recovered | 53% | 74% | 73% | – | – |
| Non-hydrocarbon spills > 1 bbl outside of secondary containment (count) | 41 | 35 | 82 | – | – |
Total bbls | 1,578 | 560 | 2,767 | – | – |
Percent recovered | 91% | 38% | 63% | – | – |
| Spill intensity (produced liquids spilled (bbl)/total produced liquids (mbbl)) | 0.030 | 0.008 | 0.017 | 0.005 | – |
Data and information included in this report were subject to internal review and are believed to be correct at the time of reporting. Data reflects year-end calculations and may include divested assets until divestitures’ closing dates. For certain reporting elements, later changes in categorization could affect data after publication.
(1) Excludes field operation training.
(2) Emissions estimate developed under the EPA’s Greenhouse Gas Reporting Program (operated onshore production, Brazos Valley sand mine, and gathering and boosting facilities).
(3) Chesapeake calculates its reported emissions using EPA eGRID state emissions factors.
(4) Chesapeake reports our estimated indirect Scope 3 emissions on an equity basis using Category 11 of the Estimating petroleum industry value chain (Scope 3) GHG emissions reporting guidance referenced by IPIECA/API (2016). The calculation methodology applies the EPA’s emission factors for listed fuel types; representing indirect end use GHG emissions of the products created from our crude oil and natural gas.
(5) Volumes reported are based on World Resource Institute’s Aqueduct Water Risk Atlas annual water stress criteria.
American Exploration and Production Council (AXPC) ESG Metrics
| Greenhouse Gas Emissions | 2021 | 2020 |
|---|---|---|
| Scope 1 GHG emissions (metrics tons CO2e) | 1,823,433 | 1,855,982 |
| Scope 1 GHG intensity (GHG emissions (metric tons CO2e)/gross annual production as reported under Subpart W of EPA's GHG Reporting Program (mboe)) | 4.5 | 6.0 |
| Percent of Scope 1 GHG emissions attributed to boosting and gathering segment | 0.33% | 1.25% |
| Scope 2 GHG emissions (metric tons CO2e) | 56,920 | – |
| Scopes 1 & 2 combined GHG intensity (Scope 1 GHG emissions (metric tons CO2e) + Scope 2 GHG emissions (metric tons CO2e)/gross annual production as reported under Subpart W of EPA’s GHG Reporting Program (mboe)) | 4.6 | – |
| Scope 1 methane emissions (metric tons CH4) | 29,539 | 36,461 |
| Scope 1 methane intensity (methane emissions (metric tons CH4)/gross annual production as reported under Subpart W of EPA’s GHG Reporting Program (mboe)) | 0.07 | 0.12 |
| Percent of methane emissions attributed to boosting and gathering segment | 0.33% | 0.51% |
| Flaring | 2021 | 2020 |
|---|---|---|
| Gross annual volume of flared gas (mcf)(1) | 293,595 | 711,934 |
| Percent of gas flared per mcf of gas produced (gross annual volume of flared gas (mcf)/gross annual gas production (mcf))(1) | 0.01% | 0.05% |
| Volume of gas flared per barrel of oil equivalent produced (gross annual volume of flared gas (mcf)/gross annual production (boe))(1) | 0.001 | 0.002 |
(1) Emissions estimate developed under the EPA’s Greenhouse Gas Reporting Program (operated onshore production, Brazos Valley sand mine, and gathering and boosting facilities).
| Spills | 2021 | 2020 |
|---|---|---|
| Spill intensity (produced liquids spilled (bbl)/total produced liquids (mbbl) | 0.030 | 0.008 |
| Water Use | 2021 | 2020 |
|---|---|---|
| Freshwater intensity (freshwater consumed (bbl)/gross annual production (boe)) | 0.16 | 0.19 |
| Water recycle rate (water recycled (bbl)/total water consumed (bbl)) | 0.021 | 0.024 |
| Does your company use WRI Aqueduct, GEMI, Water Risk Filter, Water Risk Monetizer, or other comparable tool or methodology to determine the water-stressed areas in your portfolio? | WRI Aqueduct Water Risk Atlas | WRI Aqueduct Water Risk Atlas |
| Safety | 2021 | 2020 |
|---|---|---|
| Employee TRIR (# of employee OSHA recordable cases x 200,000/annual employee workhours) | 0.17 | 0.40 |
| Contractor TRIR (# of contractor OSHA recordable cases x 200,000/annual contractor workhours) | 0.64 | 0.38 |
| Combined TRIR (# of combined OSHA recordable cases x 200,000/annual combined workhours) | 0.51 | 0.39 |
| Supporting Data | 2021 | 2020 |
|---|---|---|
| Gross annual oil production (bbl) | 44,222,274 | 64,000,576 |
| Gross annual gas production (mcf) | 2,176,835,712 | 1,527,120,659 |
| Gross annual production (boe) | 407,028,226 | 318,520,686 |
| Gross annual production (mboe) | 407,028 | 318,521 |
| Gross annual production (as reported under Subpart W of EPA’s GHG Reporting Program (mboe)) | 406,788 | 309,070 |
| Total produced liquids (mbbl) | 84,817 | 107,642 |
| Produced liquids spilled (bbl) | 2,522 | 912 |
| Freshwater consumed (bbl) | 64,971,579 | 58,840,469 |
| Recycled water (bbl) | 3,741,527 | 2,852,345 |
| Total water consumed (bbl) | 68,713,106 | 61,727,834 |
| Employee OSHA recordable cases | 3 | 10 |
| Contractor OSHA recordable cases | 29 | 22 |
| Combined OSHA recordable cases | 32 | 32 |
| Annual employee workhours | 3,471,996 | 4,997,926 |
| Annual contractor workhours | 9,034,605 | 11,478,181 |
| Annual combined workhours | 12,506,601 | 16,476,107 |
Data and information included in this report were subject to internal review and are believed to be correct at the time of reporting. Data reflects year-end calculations and may include divested assets until divestitures’ closing dates. For certain reporting elements, later changes in categorization could affect data after publication.
