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United States

Chesapeake Energy

Chesapeake sued for allegedly rigging U.S. oil, natgas leases

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Investors who sold oil and natural gas land leases to Chesapeake Energy Corp and now-bankrupt SandRidge Energy Corp sued Chesapeake and Tom Ward, SandRidge's former CEO, alleging that they conspired to depress the market for those leases.

Oklahoma medical examiner rules oilman McClendon's deadly crash an accident

OKLAHOMA CITY The fiery crash that killed U.S. oilman Aubrey McClendon in March after his car hit a wall was an accident, Oklahoma's medical examiner said on Wednesday, echoing a police inquiry's findings a day earlier that there was no evidence of suicide. | Video

Oklahoma police find no evidence of McClendon suicide

HOUSTON Oklahoma City police said on Tuesday an inquiry found no evidence suggesting oilman Aubrey McClendon committed suicide when he died in a fiery crash in March, but acknowledged his state of mind at the time of the accident was unknowable.

NBA's Thunder targeted by deceased McClendon's creditors

NEW YORK This weekend, the Oklahoma City Thunder stands one game away from clinching a surprising spot in the NBA finals.

Chesapeake swaps debt for equity for second time in May

Chesapeake Energy Corp , the second-largest U.S. natural gas producer, said on Monday it had issued or agreed to issue about 5 percent of its outstanding shares in exchange for debt over the past week, the second such transaction this month.

AEP says spinoffs will not be hit by closure of McClendon's firm

Oklahoma City 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.

Chesapeake says swapped debt for 4 percent of equity over past week

Debt-laden Chesapeake Energy Corp , the second-largest U.S. natural gas producer, said on Thursday it had issued or agreed to issue about 4 percent of its outstanding shares in exchange for debt over the past week.

Chesapeake to sell some Oklahoma assets to Newfield for $470 million

Debt-laden Chesapeake Energy Corp , the second-largest U.S. natural gas producer, said on Thursday it was selling $470 million in assets in Oklahoma to Newfield Exploration Co as part of a plan to shore up its finances through divestitures.

U.S. shale firm's bankruptcy exit shows new chapter just as tough

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.

EMG-backed oil firm buys shale acreage from Devon, changes name

HOUSTON Oil producer American Energy-Woodford LLC, controlled by private equity firm Energy and Minerals Group (EMG) and founded with the late energy wildcatter Aubrey McClendon, said on Wednesday it will buy shale assets from Devon Energy Corp .

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Beneath the surface

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

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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