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By Joe Carroll, Bloomberg |
August 6, 2012
Slumping oil and natural-gas prices threaten to exacerbate a cash crunch at Chesapeake Energy Corp., adding to pressure on Chief Executive Officer Aubrey McClendon to sell oilfields from Texas to Ohio.
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By Phil Flynn |
August 2, 2012
The Energy Information Administration reported the biggest increase in US crude oil and natural gas reserves in history.
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By Zachary Mider, Bradley Olson, Jesse Drucker, and Todd White, Bloomberg |
July 2, 2012
Chesapeake Energy Corp. made $5.5 billion in pretax profits since its founding more than two decades ago. So far, the second-largest U.S. natural-gas producer has paid income taxes on almost none of it.
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By Joe Carroll, Bloomberg |
June 21, 2012
Chesapeake Energy Corp. named former ConocoPhillips Chairman Archie Dunham to lead its board as the second-largest U.S. natural-gas producer struggles with falling energy prices and mistrust of its management.
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By Joe Carroll and Zachary R. Mider, Bloomberg |
June 8, 2012
Chesapeake Energy Corp., the U.S. energy explorer facing a $22 billion cash shortfall because of falling natural-gas prices, agreed to sell its pipeline interests to Global Infrastructure Partners for $4.08 billion.
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By Zachary R. Mider, Jeff Green and Joe Carroll, Bloomberg |
June 6, 2012
Chesapeake Energy Corp. is in advanced talks to sell pipelines to Global Infrastructure Partners for more than $4 billion, said two people with knowledge of the matter.
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By Joe Carroll, Bloomberg |
May 31, 2012
Chesapeake Energy Corp. must sell at least $7 billion in assets this year to avoid a credit downgrade and a breach of debt covenants, Moody’s Investors Service said.
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By Carol Hymowitz and Joe Carroll, Bloomberg |
May 30, 2012
In 2009, investor Jeffrey Bronchick told directors of Chesapeake Energy Corp. that he was disgusted with their leadership.
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By Bradley Olson, Bloomberg |
May 21, 2012
Chesapeake Energy Corp.’s decision to cut directors’ pay and other perks may save the company up to $1.65 million a year without addressing investors’ concern that the board failed to rein in Chief Executive Officer Aubrey McClendon’s borrowing and spending spree.
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By Rita Nazareth, Bloomberg |
May 14, 2012
U.S. stocks declined, sending the Standard & Poor’s 500 Index toward the lowest closing level since March, as Greece struggled to form a new government amid growing speculation the nation may leave the euro region.
