to selected students pursuing careers in finance, economics, accounting, 
marketing, business administration, computer science and information 
technology. In addition, scholars will take part in a Chesapeake Presiden-
tial Leadership Course facilitated by faculty members in coordination with 
designated Chesapeake leadership coaches, including a Chesapeake senior 
vice president and OCU alumni. 
In 2007 Chesapeake launched a scholarship program in Texas with an 
initial $1.25 million contribution, challenging the cities of Fort Worth and Dal-
las to match its gift within a year. The cities responded and matched the gift, 
so Chesapeake in 2008 added another $1.25 million to the fund, bringing the 
total to $3.75 million. The Chesapeake Scholarship Fund currently funds the 
cost of higher education for 48 minority students. The fund provides each 
student $20,000 a year for up to four years at the school of their choice. To 
date more than $1.0 million has been distributed to deserving local students.
To help ensure the training of qualified geologists, engineers, land -
men and energy lawyers in the next generation, we award scholarships 
to students pursuing energy-related degrees. We also help mentor them 
through Chesapeake’s Peak Program. Junior- and senior-level scholarship 
recipients are paired with Chesapeake employee mentors who help devel-
op students’ knowledge and provide career advice. There are currently 25 
mentors and 40 scholarship recipients participating in the Peak Program. 
Our recruiting team also initiated a strategic military recruitment 
effort during the past two years to hire former military personnel to 
work in a variety of leadership and crew positions. This effort earned 
Chesapeake an honor from G.I. JOBS magazine when we were named a 
2011 Top 100 Military-Friendly Employer. Chesapeake currently employs 
37 men and women who formerly served as junior military officers and 
more than 100 former servicemen and servicewomen who joined the 
company through a program called Troops 2 Roughnecks.
In addition to our specific scholarship programs, one-time educational 
donations and recruitment efforts, in 2010 we gave more than $1.8 million 
to fund higher education for nearly 400 other students in 12 states through 
our Chesapeake Scholars program. Chesapeake’s scholarships help recruit 
the best and brightest students and provide educational opportunities in 
communities where we operate. In Oklahoma City, more than 400 em -
ployees volunteer for up to an hour a week on company time at four local 
public schools. Chesapeake’s program has grown to become the largest 
corporate mentoring program in Oklahoma.
Community Impact
Chesapeake employees have been enriching their hometowns as volun -
teers for many years. We formalized those efforts in 2009 by establishing 
an official employee volunteer program, the H.E.L.P . (Helping Energize  
Local Progress) Initiative, wherein employees are invited to volunteer 
each month for a variety of organizations from food pantries to animal 
shelters. Through that program, employees donated more than 26,000 
hours to their communities in 2009. 
In the summer of 2010, Chesapeake took the H.E.L.P . Initiative to a 
higher level through the launch of Operation Blue. From Memorial Day 
through Labor Day, each employee was given four hours of company time 
to complete the volunteer project of their choice. Our employees eagerly 
accepted the challenge, and in three months more than 4,900 employ -
ees donated 30,900 hours of service to 519 organizations in more than  
96 communities across the country. Operation Blue is now an annual  
volunteer program in which employees roll up their sleeves in the com -
munities they call home.
Chesapeake’s contributions take many forms: financial and equipment 
donations, volunteerism and scholarships. Last year, we made numerous 
in-kind donations of laptops, reconditioned Chesapeake fleet vehicles and