Steffy: Is Chesapeake’s gunslinger-in-chief headed for the sunset?
Every gunslinger eventually reaches a sunset, and Aubrey McClendon’s may be approaching. More »
New tower to energize west Houston
Car dealer and real estate developer Mac Haik plans to break ground this summer on a 17-story office tower in west Houston’s Energy Corridor, the second project of its kind to be announced in the past two months. More »
Inhofe distances himself from aide’s comments about industry, Republicans
Oklahoma Sen. Jim Inhofe distanced himself from comments by his top aide that referred to Republicans as partners with oil and natural gas lobbyists, according a story published on TheHill.com. More »
Chesapeake’s $3 billion lifeline heaps pressure on McClendon
Chesapeake Energy Corp. (CHK)’s $3 billion lifeline from New York banks increases the pressure on Chief Executive Officer Aubrey McClendon to sell Texas oilfields and find deep-pocketed drilling partners. More »
Chesapeake may have big undisclosed liability
Chesapeake Energy Corp., already facing a Securities and Exchange Commission inquiry for loans its chief executive made against company assets, may also be carrying $1.4 billion in undisclosed liability. More »
Deep water draws more GE dollars to Houston
Manufacturing behemoth General Electric is ramping up investment in the energy sector and expanding its Houston footprint, with an eye on the global deep-water drilling boom. More »
25 Houston-area company make Fortune 500 list
Fortune Magazine released its list of the 500 richest companies in America, and it’s no surprise that several Houston-area companies made the list. More »
McClendon used Wachovia in personal sale after Chesapeake
Chesapeake Energy Corp. (CHK) Chief Executive Officer Aubrey McClendon agreed to sell $88 million of his personal oil and gas interests to investment vehicles created by Wachovia Corp. three weeks after his company used the bank in a similar $600 million deal, a court filing shows. More »
Chesapeake to strip CEO of chairmanship, halt well deals
Chesapeake Energy Corp. (CHK) will name an independent chairman to replace Aubrey McClendon and halt an incentive program that allowed the chief executive officer to amass personal stakes in thousands of company-operated wells. More »
Energy leader wins international award
Former Baker Hughes CEO Chad Deaton was recognized Thursday as the World Affairs Council of Houston’s Jesse H. and Mary Gibbs Jones 2012 International Citizen of the Year. More »
Chesapeake’s outlook dims as board switches course on CEO loans
Shareholder confidence in Chesapeake Energy Corp. (CHK) sank to its lowest point since the 2008 global economic meltdown as company directors reversed course on the need to examine Chief Executive Officer Aubrey McClendon’s personal financial transactions. More »
Oil trade group: Our profits benefit many
The oil industry’s leading trade group is trying to tamp down calls for new taxes as its member companies report big profits fueled by high crude prices. More »
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