Chesapeake Energy

Pa. fracking boom goes bust
Chesapeake Energy / Energy / Hydraulic Fracturing

Pa. fracking boom goes bust

BRADFORD COUNTY, PA —”It’s been a little more than two years since a then-new Gov. Corbett famously pledged to make Pennsylvania ‘the Texas of the natural-gas boom’ – but already it’s beginning to look as if the governor was all hat and no cattle, at least on this issue. ‘The […]

Chesapeake Energy / Energy / Hydraulic Fracturing

Gas driller Chesapeake Energy Corp. to pay $7.5M to settle Pa. leaseholders’ complaint

PITTSBURGH, PA — “Chesapeake Energy Corp. has agreed to pay $7.5 million to settle a class-action complaint by Pennsylvania leaseholders who claimed the gas driller shorted them on royalty payments by making unauthorized deductions for some expenses. The settlement covers thousands of landowners, including some in Western Pennsylvania, who accused […]

Chesapeake Energy / Energy / Hydraulic Fracturing

Aubrey McClendon’s new firm in dispute with Ohio coal company over businesses’ names

OKLAHOMA CITY, OK — “Aubrey McClendon’s new oil and gas venture, American Energy Partners LP, is locked in battle with an Ohio coal mining company over the use of the American Energy name. Both companies have moved to sue each other over the use of the American Energy moniker. The […]

Chesapeake Energy / Energy / Hydraulic Fracturing

Oil, gas reps meet in Cadiz

CADIZ — “The panel of oil and gas representatives met Monday at the Puskarich Library. Harrison County Commissioner Dale Norris said he appreciated the movement the county has seen on road issues. ‘Talks are ongoing, repairs are under way, and we have several companies in discussion who will be working […]

Insight: To cut natural gas costs, Chesapeake pumps up royalty deductions
Chesapeake Energy / Energy / Hydraulic Fracturing

Insight: To cut natural gas costs, Chesapeake pumps up royalty deductions

As the natural gas industry struggles to cope with depressed prices, Chesapeake Energy Corp has begun shifting a much larger share of transportation and marketing costs to the owners of Pennsylvania land it leases. SAYRE, PA — “The largest natural gas operator in Pennsylvania’s Marcellus shale formation, Chesapeake started this […]

Wildcatter McClendon bets big on Ohio shale
Chesapeake Energy / Energy / Hydraulic Fracturing

Wildcatter McClendon bets big on Ohio shale

NEW YORK, NY — “Aubrey McClendon, one of America’s best known wildcatters, is betting again on striking it big in Ohio as he builds a new oil and gas exploration company. Mr. McClendon’s deal-making in the rustbelt echoes the wager he made as chief executive of Chesapeake Energy Corp., before […]

Fracking company eliminates Ohio PR department
Chesapeake Energy / Energy / Hydraulic Fracturing

Fracking company eliminates Ohio PR department

New CEO of Chesapeake Energy fired over 30 employees in the last week OKLAHOMA CITY, OK — “A management shakeup at Oklahoma-based Chesapeake Energy has reportedly eliminated the company’s PR department in the Utica and Marcellus shale. Crain’s Cleveland Business says new Chesapeake CEO Doug Lawler let four top executives go […]

McClendon back in Ohio shale with his new company
Chesapeake Energy / Energy / Hydraulic Fracturing

McClendon back in Ohio shale with his new company

COLUMBUS — “The man who led much of the investment — and hype — related to Ohio’s Utica shale has returned to the state with a new company. Aubrey McClendon, the former chairman and CEO of Chesapeake Energy, is looking to gain a stake in the Utica with a new […]

Unfair share: how oil and gas drillers avoid paying royalties
Chesapeake Energy / Energy / Hydraulic Fracturing

Unfair share: how oil and gas drillers avoid paying royalties

SPRINGVILLE, PA — “From Pennsylvania to North Dakota, a powerful argument for allowing extensive new drilling has been that royalty payments would enrich local landowners, lifting the economies of heartland and rural America. The boom was also supposed to fill the government’s coffers, since roughly 30 percent of the nation’s […]

Chesapeake Energy / Energy / Hydraulic Fracturing

Four Chesapeake Energy Corp. executives terminated

OKLAHOMA CITY, OK — “Four top Chesapeake Energy Corp. executives are leaving the company as part of an ongoing reorganization effort, CEO Doug Lawler said Monday. Steve Dixon, chief operating officer and executive vice president of operations and geosciences; Jeff Fisher, executive vice president of production; Steve Miller, senior vice […]