United States

Chesapeake Energy

Chesapeake Energy shares tumble on $4-billion WildHorse deal


Chesapeake Energy Corp on Tuesday agreed to buy Texas oil producer WildHorse Resource Development Corp in a nearly $4 billion cash-and-stock deal that knocked down the natural gas producer's shares by more than 12 percent.

Chesapeake Energy plans to sell Utica shale stake for $2 billion

HOUSTON Chesapeake Energy Corp plans to sell all of its Ohio natural gas acreage to privately owned Encino Acquisition Partners for about $2 billion, the company said on Thursday.

Chesapeake beats on profit as combined costs fall

Chesapeake Energy Corp's quarterly profit exceeded analysts' estimates on Wednesday, as it produced more oil and natural gas at higher prices while continuing to lower costs, pulling shares in the company around 3 percent higher.

U.S. fracker Ascent Resources Marcellus targets quick Chapter 11 exit

U.S. shale driller Ascent Resources Marcellus Holdings LLC, which filed for Chapter 11 protection on Tuesday, expects to exit bankruptcy by March 31 under the new ownership of its lenders, lawyers for the company and its lenders said in court on Thursday.

McClendon-founded Ascent Resources Marcellus files for Chapter 11 bankruptcy

Ascent Resources Marcellus Holdings LLC, a shale driller founded by the late U.S. fracking pioneer Aubrey McClendon, said on Tuesday it had filed for Chapter 11 bankruptcy as part of a negotiated plan with lenders to reduce about $1 billion of debt and boost liquidity.

U.S. oil industry set to break record, upend global trade

HOUSTON Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.



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