Chesapeake Energy

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 […]

Chesapeake Energy said to prepare big layoffs
Chesapeake Energy / Energy / Hydraulic Fracturing

Chesapeake Energy said to prepare big layoffs

HOUSTON, TX — “Chesapeake in recent years has been plowing millions of dollars into marketing natural gas as a clean, green transportation fuel. It even invested of $150 million in Sundrop Fuels, a startup that aims to make gasoline out of natgas and biomass. Chesapeake even commissioned Orange County Choppers […]

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 […]