Chesapeake to buy US gas rival Southwestern for $7.4bn
Chesapeake Energy reached an agreement to acquire rival Southwestern Energy Co. for $7.4 billion through a deal that would create one of the largest US natural gas producers.
Chesapeake Energy
INEOS buys Chesapeake shale assets for $1.4 billion
Ineos Energy has made its first play in the US onshore market with a $1.4bn acquisition of a portion of Chesapeake Energy’s US onshore oil and gas assets.
Shale pioneer Chesapeake plans bankruptcy with options dwindling
Chesapeake Energy Corp. is preparing a potential bankruptcy filing that could hand control of one of the leading lights of the U.S. shale revolution to senior lenders, according to people with knowledge of the matter.
The lost decade: energy stocks seek relevancy as investors flee
It’s been a tough run for energy stocks.
Chesapeake buying Houston’s WildHorse for $3bn
Early shale developer Chesapeake Energy said Tuesday it is acquiring Houston's WildHorse Resource Development for $3 billion in cash and stock.
Chesapeake Energy makes changes to board
Chesapeake Energy has made changes to its board of directors.
Chesapeake Energy to sell part of Haynesville acreage for $450million
Chesapeake Energy said it plans to sell part of its acreage in the Haynesville shale area for $450million to a private firm.
McClendon’s actions aren’t uncommon across US shale patch
The actions that resulted in former Chesapeake Energy Corp. chief Aubrey McClendon’s indictment aren’t uncommon across the shale patch, lawyers and analysts said. McClendon was charged Tuesday with allegedly violating antitrust laws known as the Sherman Act by coordinating a scheme in which two companies didn’t bid against each other for oil and natural gas leases in Oklahoma. He died in a car crash in Oklahoma City the next day.
Former Chesapeake Energy boss charged with conspiring to rig oil and gas lease bids
A former chief executive of Chesapeake Energy has been charged with conspiring to rig bids to buy oil and natural gas leases in Oklahoma.
Chesapeake leads S&P 500’s losers amid historic gas price slump
Chesapeake Energy is having its worst year since 1998 after halting dividend payouts, slashing drilling budgets and cutting one of every six employees failed to rescue the energy explorer from the deepest gas-market rout in 16 years.
Chesapeake Energy faces lawsuit from shale landowners
A lawsuit has been filed by the Attorney General in Pennsylvania against Chesapeake Energy over alleged claims of underpayment to landowners who leased acreage for fracking.
Chesapeake reduces capital budget, but boosts production
Chesapeake Energy has reduced its 2015 capital budget for the second time this year as looks to cope with the decline in oil and gas prices. The company, which raised its production forecast, has also been hit by weak natural gas prices. Around 15% of its workforce has been cut so far.
Chesapeake Energy fined $2.1million
Chesapeake Energy has been fined $2.1million for alleged under reporting on natural gas produced on Indian leases in Oklahoma, according to reports. The Department of Interior's Office of Natural Resources Revenue Office said it had issued a civil penalty against the Oklahoma city-based company for failing to comply with an October 2011 order requiring it to review the amounts reported for more than 100 leases.
Chesapeake Energy posts loss on $5 bln impairment charge
U.S. natural gas producer Chesapeake Energy reported a quarterly loss, compared with a year-earlier profit, as it took a $5 billion charge on some oil and gas assets. Oil and gas producers including Encana and Chevron have taken massive impairment charges this year as the value of their assets has dropped after global oil prices more than halved in the past year. Natural gas prices, which have also plunged due to a supply glut, are showing no signs of recovery.