Twelve petroleum engineering students at the University of Missouri-Rolla
have been awarded scholarships in the amount of $1,000 or more, thanks to a
$150,000 pledge from Chesapeake Energy Corp. in Oklahoma City.

Chesapeake has pledged $150,000 to be given as scholarships to petroleum
engineering students at UMR during the next five years. On Jan. 1, 2008, UMR
will become Missouri University of Science and Technology.

Ashley Kelly, college recruitment coordinator for Chesapeake Energy, says
supporting universities allows the company to obtain some of the most talented
students in the country, and UMR graduates are no exception.

"Partnering with UMR has been a great experience," Kelly says.
"We have multiple UMR alumni working for Chesapeake Energy. We continue to
have great candidates, interns and employees from UMR with wonderful attitudes
and strong work ethics."

Chesapeake Energy attends UMR career fairs, conducts on-campus interviews
with UMR students and casual information session at the university each
fall.

"Chesapeake Energy has been a strong supporter of our petroleum
engineering program," says Dr. Daopu T. Numbere, professor of geological
sciences and engineering and head of the petroleum engineering program.
"The scholarship fund provided by Chesapeake has been a valuable tool for
recruiting and retaining high-quality students."

The following petroleum engineering majors have received $1,000 scholarships
from Chesapeake for the 2007-2008 academic year:

• Cody Bass, a senior from Ruff, Okla.
• Matthew Bower, a senior from Edwardsville, Ill.
• Allen Edmison, a freshman from Rolla, Mo.
• Cole Green, a senior from Rolla, Mo.
• Jonathan Humphreys, a junior from Hannibal, Mo.
• Philip Meeks, a sophomore from Liberty, Mo.
• Whitney Metcalf, a transfer student from Pella, Iowa
• Ryan Brunkhorst, a sophomore from Spring, Texas
• Trey Mitchell, a senior from Kansas City, Mo.
• Cody Schmidt, a sophomore from Hermann, Mo.

The following petroleum engineering majors received $1,500 scholarships from
Chesapeake for the 2007-2008 academic year:

• Tom Sargent, a senior from Rolla, Mo.
• Daniel Shattuck, a freshman from Kimberling City, Mo.

Chesapeake Energy Corporation is the largest independent producer and
third-largest overall producer of natural gas in the United States.
Headquartered in Oklahoma City, the company’s operations are focused on
exploratory and developmental drilling and corporate and property acquisitions
in the Mid-Continent, Barnett Shale, Fayetteville Shale, Permian Basin,
Delaware Basin, South Texas, Texas Gulf Coast, Ark-La-Tex and Appalachian Basin
regions of the United States.