Chesapeake Energy

Icahn raises stake in Chesapeake Energy to 11 percent


- Activist investor Carl Icahn raised his stake in Chesapeake Energy Corp to almost 11 percent even as the company continues to cope with low oil and gas prices.

Chesapeake profit falls short; company to slash spending

- Chesapeake Energy Corp on Wednesday said it would slash its 2015 spending and rig count in response to low crude oil prices that also pushed its fourth-quarter profit below Wall Street expectations.

Chesapeake alleges founder McClendon stole 'trade secrets' to start new firm

OKLAHOMA CITY - Chesapeake Energy Corp filed suit Tuesday alleging its founder and former chief executive, Aubrey K. McClendon, stole confidential company data during his last months on the job in order to launch his new oil and gas empire.

Chesapeake Energy loses in $1.3 billion bond dispute appeal

NEW YORK - A divided federal appeals court said Chesapeake Energy Corp had no right to redeem $1.3 billion of notes early at a favorable price, saying the second-largest U.S. natural gas company waited too long to tell investors of its plans.

Chesapeake subpoenaed by DOJ, states over royalty payments

HOUSTON - Chesapeake Energy Corp has received subpoenas from states and the U.S. Department of Justice seeking information on its royalty payment practices to mineral owners, according to a regulatory filing.

Chesapeake Energy quarterly profit and output rise

- Chesapeake Energy Corp , the second-largest U.S. producer of natural gas, on Wednesday reported an 8 percent increase in third-quarter profit that topped Wall Street estimates on higher-than-expected output.

Ex-Chesapeake CEO's new firm buys Texas shale oil assets, plans IPO

HOUSTON - American Energy Partners LP, founded by former Chesapeake Energy Corp chief executive Aubrey McClendon, said on Tuesday its Permian Basin affiliate had bought oil assets in Texas for $726 million and plans an initial public offering soon.

Chesapeake Oilfield Services pulls IPO plans

- Chesapeake Oilfield Services, a unit of Chesapeake Energy Corp , said on Friday it would withdraw its plans for an initial public offering.

Chesapeake Energy to face racketeering charges in Michigan trial

- Natural gas and oil producer Chesapeake Energy Corp must face trial on charges of felony racketeering and using false pretenses related to its land-leasing practices, a state judge has ruled.

Chesapeake faces trial on bid-rigging in Michigan lease sale

- A judge in Michigan has ruled that Oklahoma-based Chesapeake Energy Corp must face a criminal trial on a charge of bid-rigging with competitor Encana Corp at a 2010 state land lease auction, citing evidence of a conspiracy between the companies that drove state lease prices down sharply.



Beneath the surface

A look at loans made to Chesapeake Energy CEO Aubrey McClendon.  View graphic 


Impenetrable Chesapeake

Breakingviews columnists discuss the echoes of Enron in the complexity of Chesapeake Energy as the company struggles with a governance scandal.  Full Coverage