Chesapeake Energy

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Chesapeake Energy / Eramet / Hydraulic Fracturing

Shale pioneer Aubrey McClendon hires Chesapeake in Utica

NEW YORK, NY — “Aubrey McClendon, the pioneering shale wildcatter who helped usher in the U.S. energy renaissance, has hired the company that fired him to drill wells for his newest natural gas venture. A subsidiary of McClendon’s American Energy Partners LP is paying between $23,500 and $26,000 a day […]

Columbiana County Commissioner Tim Weigle.
Chesapeake Energy / Energy / Hydraulic Fracturing

Commissioner keeps eye on shale development

COLUMBIANA — “Columbiana County Commissioner Tim Weigle is keeping his eyes on the state’s severance tax legislation and a bird’s eye view on the Utica Shale development under way in the county. The aviator has watched the development unfold while traveling across Columbiana and surrounding counties on his own flights, and […]

A Chesapeake Energy oil well near Big Wells, Texas.
Chesapeake Energy / Energy / Hydraulic Fracturing

Chesapeake Energy spinning off oilfield-services unit as Seventy Seven Energy

COLUMBUS — “Chesapeake Corp. plans to spin off its multibillion-dollar oilfield-services division as the energy company continues to simplify its business. The standalone company will be called Seventy Seven Energy Inc. As part of Chesapeake Oilfield Operating LLC, the Oklahoma City-based drilling-services subsidiary generated revenue of $2.2 billion last year […]

Chesapeake Energy’s $5 billion shuffle
Chesapeake Energy / Energy / Hydraulic Fracturing

Chesapeake Energy’s $5 billion shuffle

The energy giant raised the cash it needed to survive by slashing royalties it paid property owners to drill on their land NEW YORK, NY — “At the end of 2011, Chesapeake Energy, one of the nation’s biggest oil and gas companies, was teetering on the brink of failure. Its […]

Scott Detrow/ StateImpact Pennsylvania
Lt. Governor Jim Cawley.
Chesapeake Energy / Energy / Hydraulic Fracturing

Lt. Governor Cawley: Chesapeake Energy royalty practices are ‘egregious’

HARRISBURG, PA — “Lieutenant Governor Jim Cawley sat down with StateImpact Pennsylvania recently to talk about how the Corbett administration is handling allegations of fraud against the state’s biggest natural gas driller– Chesapeake Energy. Corbett recently reached out to state Attorney General Kathleen Kane and asked her to investigate complaints the company […]

Photo by Casey Junkins
The Blue Racer Midstream Natrium natural gas processing plant in Marshall County will soon double its processing capacity.
Chesapeake Energy / Energy / Hydraulic Fracturing

More plans at Blue Racer

Reopened facility will expand to double its current capacity NATRIUM, W.VA — “High demand for Utica and Marcellus shale ethane, propane, butane and other natural gas liquids is driving Blue Racer Midstream to double the size of its Marshall County processing plant along the Ohio River. The facility, which recently […]

Natural gas industry trucks continue traveling between Chesapeake Energy drilling sites, despite the company’s work force reductions. Photo by Casey Junkins
Chesapeake Energy / Energy / Hydraulic Fracturing

CHK continues employee cuts

Hundreds laid off across the United States UNIONTOWN — “Chesapeake Energy just opened its office at Fox Commerce Park earlier this year, but the Ohio Valley’s largest active natural gas driller is cutting hundreds of workers throughout the country. Now, Oklahoma City-based Chesapeake has issued a federal Worker Adjustment Retraining […]

Aubrey McClendon is back in the Utica shale game with his new company, American Energy Partners.
Chesapeake Energy / Energy / Hydraulic Fracturing

Former Chesapeake Energy CEO back in Ohio with $1.7B war chest

COLUMBUS — “Recent reports that former Chesapeake Energy Corp. CEO Aubrey McClendon is planning another run at the Utica shale play were confirmed Wednesday when his new company said it has raised approximately $1.7 billion in private equity commitments to finance operations in eastern Ohio. McClendon’s company, American Energy Partners […]

Chesapeake bloodbath: 800 layoffs as ‘Transformation work is finished’
Chesapeake Energy / Energy / Hydraulic Fracturing

Chesapeake bloodbath: 800 layoffs as ‘Transformation work is finished’

OKLAHOMA CITY, OK — “The hammer fell on Chesapeake Energy on Tuesday. Following dozens of previous layoffs in past weeks, today 800 workers at the company got the axe. The layoffs impacted at least 640 people at Chesapeake’s Oklahoma City headquarters. In an interview with the Oklahoman, Lawler said, ‘Over […]

Startup energy company shows interest in Eastern Ohio
Chesapeake Energy / Energy / Hydraulic Fracturing

Startup energy company shows interest in Eastern Ohio

LISBON — “A start-up company founded by former Chesapeake Energy CEO Aubrey McClendon is showing an interest in the southern part of Columbiana County. McClendon parted ways with the natural gas giant earlier this year and founded American Energy Partners and two other companies. East Liverpool attorney David Tobin said he […]