News Summary: Chesapeake names new CEO
2 days ago
THE CHALLENGE: Lawler must continue a strategy of divesting nonstrategic assets while spending funds wisely to free Chesapeake from a burdensome debt level.
Chesapeake names Anadarko executive as new CEO
2 days ago
McClendon, who founded Chesapeake Energy Corp. in 1989, was stripped of his role as chairman last year and left the company earlier this year.
Fort Worth school trustees approve two contracts with Chesapeake
7 days ago
Chesapeake agreed to pay $2,000 per acre for 20.67 mineral acres for a bonus of about $41,340 plus a royalty of 25 percent of the value of the gas produced.
Higher gas prices, oil production boost profit at Chesapeake
20 days ago
Even as Chesapeake has emphasized the search for oil and so-called gas liquids such as propane, gas accounted for 76 percent of the company's first-quarter output.
Ed Bass, other plaintiffs, sue Chesapeake over royalty payments
69 days ago
In 2010, Fort Worth resident Robyn Coffey sued Chesapeake, saying its royalty payments were based on a "fictitious price" for natural gas produced in the White Lake Hills area in east Fort Worth.
Chesapeake loses effort to avoid interest payment
69 days ago
The judge also suggested that Chesapeake would have a good chance of defeating the provision that would automatically require payment of the $400 million in interest.
Chesapeake Energy reveals SEC probe into CEO perks
82 days ago
Last spring Reuters reported that McClendon received loans of $1.4 billion from an investment firm called EIG Global Energy Partners that was negotiating a separate oil and gas deal with Chesapeake.
Chesapeake in land deal with Sinopec for $1.02B
86 days ago
Sinopec, which is owned by the Chinese government and is the biggest refiner in Asia, is getting access to half of Chesapeake's 850,000 acres in the Mississippi Lime play in northern Oklahoma.
Chesapeake earnings drop on lower prices
90 days ago
The transactions reviewed included McClendon's borrowings from EIG Global Energy Partners LLC, a private-equity firm that bought preferred shares in two Chesapeake subsidiaries in 2011 and 2012.
Chesapeake board inquiry finds no wrongdoing by McClendon on loans
91 days ago
Chesapeake, the No. 2 producer in the Barnett Shale, may signal newfound financial discipline by unveiling a scaled-back 2013 capital budget when fourth-quarter results are announced today, he said.