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chesapeake energy

Aubrey McClendon, CEO of Chesapeake Energy Corp., is pictured during the second half of Game 6 in the NBA basketball Western Conference finals, in Oklahoma City on June 6, 2012.  (AP Photo/Sue Ogrocki, File)

Aubrey McClendon pursuing $100 million deal for drilling rights in Australia

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McClendon co-founded Chesapeake in 1989 and built it into a U.S. gas titan before his ouster in a 2013 investor revolt.
(Jerry Lara/San Antonio Express-News)

Explorers in need of cash are selling oil fields as last resort

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Having exhausted other ways to raise cash amid depressed prices, a slew of producers announced more than $2.4 billion in asset sales last month
(Photo by Eddie Seal for Bloomberg News)

2015 already a record year for writedowns, IHS says

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Beleaguered drillers wrote off $29 billion in the first quarter of the year alone, more than the 2014 full-year total of about $25 billion.
Chesapeake CEO Robert "Doug" Lawler speaks at the IHS CERAWeek energy conference in Houston on March 4, 2014. (Mayra Beltran/Houston Chronicle)

Chesapeake troubles deepen on glut-driven second-quarter loss

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Chesapeake Chief Executive Officer Doug Lawler has been selling assets and dismantling complex financial commitments to free up cash for drilling and reduce debt.
Chesapeake CEO Robert "Doug" Lawler speaks at the IHS CERAWeek energy conference in Houston on March 4, 2014. (Mayra Beltran/Houston Chronicle)

Chesapeake eliminates dividend as slump continues

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Ending the 35-cents per share annual dividend will free up about $240 million in funds that can be put into next year’s drilling program, Oklahoma City-based Chesapeake said in its announcement.
Floor hands David Vannapha, left, Mario Ramos, center, and Jose Garza make a pipe connection on the drill string on the Orion Perseus drilling rig near Encinal in Webb County, Texas, U.S., on Monday, March 26, 2012. The Perseus is drilling for oil and gas in the Eagle Ford Shale, a sedimentary rock formation underlying an area of South and East Texas. Photographer: Eddie Seal/Bloomberg *** Local Caption *** David Vannapha; Mario Ramos; Jose Garza

Chesapeake sells Oklahoma oil land for $840 million

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The oil land sold off in the deal covers 250,000 net acres in west Oklahoma near the Texas Panhandle, with about 1,500 wells pumping oil and gas from subterranean reservoirs called the Cleveland, Tonkawa and Marmaton formations that straddle the state border.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy seeks dismissal of nonprofits’ lawsuit

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Chesapeake Energy is seeking the dismissal of a lawsuit that alleges it took oil and gas from a property without a lease agreement with the owners.
(Spencer Platt/Getty Images)

Goldman Sachs sees Brent crude oil at $55 a barrel in 2020

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Oil’s rally from a six-year low in March is stalling as U.S. output remains near a record even as the number of rigs drilling for oil in the nation shrinks.
(Helge Hansen / Statoil)

Chesapeake ups payment amount in leaseholders suit

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A subsidiary of energy giant Chesapeake Energy is increasing the amount it will pay to settle a federal lawsuit over natural gas drilling royalties for Pennsylvania landowners.
Southwestern Energy chief executive Steven Mueller at a drilling rig near Wonderview, Ark. (Stephen Thornton/The New York Times)

Southwestern — unlike peers — plans to boost 2015 spending

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Firms like Continental Resources, Apache Corp., ConocoPhillips and Marathon Oil have all announced big cuts this winter to their planned capital expenditures.