Post Tagged with: "Chesapeake Energy"

Analysis: Chesapeake retreat ends American energy land grab
Energy

Analysis: Chesapeake retreat ends American energy land grab

NEW YORK, NY — “U.S. energy titan Chesapeake Energy is quickly cutting back on an aggressive land-leasing program that in recent years has made it one of America’s largest leaseholders, putting an end to half a decade of frenzied energy wildcatting. Beset by growing governance and financial problems, and a […]

DeWine reviewing Chesapeake Energy practices
Uncategorized

DeWine reviewing Chesapeake Energy practices

COLUMBUS — ” All the clamor over the financial issues facing Chesapeake Energy Corp. (NYSE: CHK) has gotten the attention of Ohio Attorney General Mike DeWine, who has ordered his staff to review the company’s actions. DeWine wants to look into allegations that Chesapeake may have manipulated its core business […]

Ohio Attorney General Mike DeWine responds to Citizen Action letter
Energy

Ohio Attorney General Mike DeWine responds to Citizen Action letter

COLUMBUS — “If these allegations are true, Chesapeake shareholders, which include Ohio retirement systems, may have suffered a loss to the value of their Chesapeake shares. In fact, an action has been filed in United States Court in the Western District of Oklahoma, claiming such losses to other shareholders. Should […]

Pickens sells stake in Chesapeake Energy
Energy

Pickens sells stake in Chesapeake Energy

LAS VEGAS, NV — “Worried about the collapsing price of natural gas, Boone Pickens recently sold his entire stake in Chesapeake Energy, he told CNBC during an exclusive interview at the SALT alternative-asset conference in Las Vegas. Pickens, who manages a $140 million energy-focused equity fund as part of his […]

Output at Chesapeake Energy’s showcase Ohio fracked well drops 65% in 8 months
Energy

Output at Chesapeake Energy’s showcase Ohio fracked well drops 65% in 8 months

CLEVELAND – In his drive to open Ohio up to Chesapeake Energy and other hydraulic fracturing drillers, Governor John Kasich has spotlighted one Utica shale well in Harrison County, “Buell 8H.”  As recently as April 2, for example, the Columbus Dispatch reported – “Kasich administration officials are pointing to the […]

Alliance between natural gas industry, environmental groups fractures
Energy

Alliance between natural gas industry, environmental groups fractures

WASHINGTON, DC — “At least one group that seriously considered [Chesapeake Energy CEO Aubrey] McClendon’s offer, the NRDC, decided in the end that his support would constitute a conflict of interest. Half a dozen senior NRDC leaders and energy staffers — including John Adams, its founding director — traveled to […]

Chesapeake Energy seeks $12 billion in asset sale amid cash crunch
Energy

Chesapeake Energy seeks $12 billion in asset sale amid cash crunch

OKLAHOMA CITY, OK — “Oklahoma City-based Chesapeake expects to get $10 billion to $12 billion from transactions including the potential sale of all its oil and gas fields in the Permian Basin of Texas and New Mexico, the company said in a statement Monday. It expects to receive about $2 […]

Answering for Taking a Driller’s Cash
Energy

Answering for Taking a Driller’s Cash

NEW YORK, N.Y. — “The recent disclosure of the Sierra Club’s secret acceptance of $26 million in donations from people associated with a natural gas company has revived an uncomfortable debate among environmental groups about corporate donations and transparency. The gifts from the company, Chesapeake Energy, have drawn criticism from […]

Sierra Club faces gas-cash fallout
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Sierra Club faces gas-cash fallout

WASHINGTON, DC — “After disclosing the donations [from Chesapeake Energy], the Sierra Club revealed during a national conference call with members on Saturday that it had taken ‘some disciplinary actions’ in 2010 over the handling of the gas donation, [Sierra Club’s Kate] Bartholomew said. Spokeswoman Maggie Kao declined to offer details, […]