Shale Pioneer Chesapeake Energy Files for Bankruptcy
Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus…
US Oil Industry Set to Break Record, Upend Global Trade
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. And this new record…
Double Eagle Energy Preps for IPO
Double Eagle Energy Permian LLC is a unicorn roaming the barren landscape of West Texas. Founded by a retired NFL player and his high school buddy - with land deals signed on the hood of a pickup - the…
Chesapeake Receives DoJ Subpoena on Accounting for Asset Purchase
Chesapeake Energy Corp said it received a subpoena from the U.S. Department of Justice seeking information on the accounting methodology for the acquisition and classification of oil and gas properties.
AEP: Spinoffs Not Impacted by McClendon's Firm Closure
The closure of American Energy Partners after the sudden death of founder Aubrey McClendon will not affect companies it formed and spun off with Texas-based private equity firm Energy & Minerals Group, according to a statement from AEP.
Shale Firm's Bankruptcy Exit Doesn't End Struggle
Magnum Hunter Resources Corp and its founder Gary Evans are emblematic for the U.S. shale revolution: it started small, borrowed heavily to snap up land and rivals and then crumbled under the weight of debt when prices crashed.
Chesapeake's McClendon Honored in Oklahoma Waterfront Ceremony
Friends, family and employees of Aubrey McClendon gathered at dawn on Saturday at Oklahoma City's riverfront to pay their respects to the U.S. energy entrepreneur who died this week in a car crash, a day after being indicted on bid-rigging charges.
Chesapeake Energy BoardMmember Martin Named Chairman
Chesapeake Energy Corp, the second largest U.S. producer of natural gas, on Monday said current director and former Saks Inc Chief Executive Brad Martin has been named non-executive chairman of its board, effective immediately.
Chesapeake Energy to Pay $379.7 mln in Bond Dispute
A U.S. federal judge on Friday ordered Chesapeake Energy Corp to pay $379.7 million to bond investors, after the natural gas company waited too long to tell them of its plan to redeem their $1.3 billion of bonds six years early. U.S.
Oil Exec McClendon Faces US Antitrust Probe
Aubrey McClendon, the former CEO of Chesapeake Energy Corp, is under investigation by the U.S. Department of Justice for potential antitrust violations related to leasing oil and gas properties, according…
Chesapeake Shareholders Approve Governance Reforms
Chesapeake Energy Corp shareholders on Friday voted to approve a series of governance reforms that included eliminating three-year terms for its board members. The changes come a little more than a year…
American Energy to Buy $4.25 bln in U.S. Shale Assets
Firm to buy assets in Texas for $2.5 bln; Ohio, West Virginia for $1.75 bln. Aubrey McClendon's American Energy Partners LLP said it would acquire oil and gas assets in Texas, Ohio and West Virginia for $4.25 billion.
Encana Settles Michigan Antitrust Case, Chesapeake Fights On
Natural gas producer Encana Corp on Monday agreed to pay Michigan $5 million in a civil settlement that could clear the company of criminal antitrust charges stemming from its role in a 2010 land leasing spree.
