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Chesapeake Energy Corporation Company News
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Gas Driller Calls for Federal Methane Leak Curbs
EQT Corp. is calling for stricter caps on methane leaks from natural gas wells.
8:00 PM EST | April 15, 2021
Banks Backing Away from US Shale
One of the key sources of funding for American shale is evaporating, just as the the sector needs it more than ever.
8:00 PM EST | July 22, 2020
Chesapeake Bankruptcy Extends String of 2020 Shale Busts
The shale bust has reached a grim milestone by claiming the pioneer of America's drilling renaissance.
8:00 PM EST | June 28, 2020
Chesapeake Alum Joins Laredo as CFO
Personnel costs for full-year 2020 are also expected to be reduced by 10 percent from 2019 levels.
8:00 PM EST | June 18, 2020
Chesapeake Reportedly Skips Interest Payment
Chesapeake Energy Corp., a pioneer of the shale revolution, is putting the finishing touches on plans to hand control to creditors.
8:00 PM EST | June 15, 2020
Small Shale Stocks Lead Energy Rally Post OPEC Extension
Small shale producers and offshore drillers are among stocks soaring after the wider OPEC+ group agreed to extend output curbs.
8:00 PM EST | June 07, 2020
Chesapeake Revives Going Concern Warning
The outlook for the company's debt restructuring effort is teetering.
8:00 PM EST | May 11, 2020
Chesapeake Adopts Poison Pill After Shares Plummet
While the company has pushed to transition into an oil explorer, that move could prove pointless after crude's historic crash.
8:00 PM EST | April 22, 2020
NYSE Gives Chesapeake Granite Wash Trust the Boot
The Trust was unable to regain listing compliance within a six-month period that ended Feb. 28.
7:00 PM EST | March 02, 2020
Is Chevron's $11B Write-Down an Oilpatch Warning?
Current market conditions are resulting in many US fracking projects failing to break even.
7:00 PM EST | January 13, 2020
Chesapeake Debt Deal Skirts Bankruptcy
Unfortunately, the move doesn't change the fundamental trajectory for the Oklahoma City-based shale producer.
7:00 PM EST | December 03, 2019
Chesapeake Stock Nosedives to 20-Year Low
Shares fell as much as 24 percent intraday on Wednesday to their lowest since 1999.
7:00 PM EST | November 05, 2019
Chesapeake Dips, Shares 'Going Concern' Warning
Chesapeake said it may not be able to continue as a "going concern" if depressed oil and gas prices persist.
7:00 PM EST | November 04, 2019
'Smart' Appalachian Operators Can Handle Sub $2 Natural Gas
Conventional natural gas production site in Pennsylvania, a state at the heart of rising production volumes in the U.S. Appalachian Basin. (Photo: Gaurav Sharma, Sept. 10, 2019)
8:00 PM EST | September 26, 2019
WildHorse to Lay Off Staff After Chesapeake Acquisition
WildHorse Resources Management Company will permanently close its Houston office, resulting in almost 100 layoffs.
7:00 PM EST | January 13, 2019
Chesapeake to Cut Rigs to Reduce CAPEX in 2019
The Oklahoma City-based E&P company is lowering its rig count by 20% in 2019.
7:00 PM EST | January 09, 2019
Chesapeake Surges After Director Buys Shares
Chesapeake shares rose the most since February.
7:00 PM EST | December 25, 2018
Chesapeake Buys WildHorse for Almost $4B
Oklahoma-based Chesapeake Energy will acquire WildHorse, which operates in the Eagle Ford and Austin Chalk. (Pictured: Chesapeake's CEO Doug Lawler)
8:00 PM EST | October 29, 2018
Shale Companies Sink On Investor Disappointment, Hedging Losses
Shares of US oil producers dropped sharply after several companies posted weaker-than-expected results.
8:00 PM EST | July 31, 2018
Chesapeake to Sell Utica Shale for $2B
Chesapeake Energy Corp. agrees to sell its Utica Shale assets in Ohio.
8:00 PM EST | July 25, 2018
Chesapeake Says To Raise 2018 Output On Lower Spending, Shares Jump
Chesapeake says it expects production to keep rising this year, despite a 12% cut in spending.
7:00 PM EST | February 21, 2018
Chesapeake Energy Corp. Cuts Hundreds of Employees
Natural gas producer Chesapeake Energy lays off 13% of staff.
7:00 PM EST | January 29, 2018
Chesapeake To Cut Rig Count, Bring Fewer Wells To Production
Chesapeake beats quarterly profit estimates, but says it plans to cut its rig count and bring fewer wells into production this year.
8:00 PM EST | August 02, 2017
Chesapeake CEO: Downturn Challenges Helped Oil, Gas Companies
Doug Lawler, chief at shale gas forerunner Chesapeake Corp., tells CERAWeek audience the commodity price downturn forced independent upstream companies to become stronger.
7:00 PM EST | March 06, 2017
Chesapeake Energy Posts Smaller Quarterly Loss
Chesapeake posts a smaller fourth-quarter loss than a year earlier, when it took huge charges to write down the value of some oil and gas assets.
7:00 PM EST | February 22, 2017
Chesapeake Earns Almost $1B from Two Haynesville Gas Asset Sales
Chesapeake Energy exceeds 2016 divestment goal of $2 billion with second Haynesville transaction in December, which pushed total assets sales to $2.5 billion for the year.
7:00 PM EST | December 19, 2016
Chesapeake to Sell Haynesville Asset for $450M
U.S.-based natural gas producer Chesapeake Energy Corp says it will sell a part of its acreage in the Haynesville shale area for $450 million in a private sale.
7:00 PM EST | December 04, 2016
Chesapeake Energy Expects To Exit 2017, 2018 With Higher Output
Chesapeake reports a surprise adjusted profit, helped by lower expenses, and expects to exit the next two years at higher production rates.
8:00 PM EST | November 02, 2016
Chesapeake Energy Declares 'Propageddon' With Record Frack
The era of the monster frack has arrived in North America, and Chesapeake is singing its praises.
8:00 PM EST | October 20, 2016
Chesapeake Shores Up Capital With $1.25B Debt Deal
Chesapeake closes a private placement of $1.25B of debt, shoring up capital for debt repayment 10 months after it said it had no plans to file for bankruptcy.
8:00 PM EST | October 04, 2016
Chesapeake Receives DoJ Subpoena on Accounting for Asset Purchase
Chesapeake Energy Corp said it received a subpoena from the U.S. Department of Justice seeking information on the accounting methodology for the acquisition and classification of oil and gas properties.
8:00 PM EST | September 28, 2016
Icahn Nominee Resigns From Chesapeake Board; Shares Tumble
Chesapeake says that two directors, including a representative of activist investor Carl Icahn, resigned, a week after Icahn more than halved his stake in the natural gas producer.
8:00 PM EST | September 26, 2016
Exxon's Accounting Practices Said to Be Reviewed by New York
New York Attorney General's probe into Exxon includes scrutiny of why it didn't write down the value of oil fields during a global collapse in prices that prompted billions in write-offs by rival drillers.
8:00 PM EST | September 15, 2016
Chesapeake Energy Loses Appeal In $438.7M Bond Dispute
A federal appeals court rejects Chesapeake's effort to avoid having to pay $438.7 million, including interest, to investors in a bond dispute.
8:00 PM EST | September 14, 2016
Chesapeake, Tom Ward Sued by Shale Owners for Alleged Scheme
Chesapeake Energy, the company Aubrey McClendon built into a natural-gas giant, is sued along with his former partner by lease holders who say the pair conspired to rig bids for drilling rights during the shale boom.
8:00 PM EST | July 18, 2016
McClendon Police Probe Found No Direct Evidence of Suicide
Investigators in Oklahoma City have find no direct evidence that Aubrey McClendon committed suicide when his car struck a wall March 2, a police department spokesman said.
8:00 PM EST | June 07, 2016
As Oil Boom Goes Bust, Oklahoma Protects Drillers and Squeezes Schools
After intense lobbying, Oklahoma's oilmen scored a victory two years ago. State lawmakers voted to keep in place some of lowest taxes on oil and gas production in the United States - a break worth $470 million in fiscal year 2015 alone.
8:00 PM EST | May 16, 2016
Oil Drillers Adding Hedges as Crude Closes In on $50 a Barrel
Oil producers are taking advantage of the rebound in crude markets to lock in protection against another slump.
8:00 PM EST | May 15, 2016
SandRidge Says It Is No Longer Target of Antitrust Probe
Oil and gas producer SandRidge Energy says it's no longer a target of a federal grand jury probe concerning antitrust violations related to leasing of oil and gas properties.
8:00 PM EST | April 14, 2016
Chesapeake Gets Credit Lifeline But Troubles Remain
Chesapeake Energy stocks and bonds stage rally after lenders quash fears of a bankruptcy.
8:00 PM EST | April 14, 2016
Chesapeake Surprises By Keeping $4B Borrowing Base
Chesapeake surprises investors by keeping its $4 billion loan from banks despite concerns about its liquidity position at a time when many oil and gas producers are seeing their credit cut.
8:00 PM EST | April 10, 2016
Gas Drillers Go Rigless As Price Collapse Heralds Austerity Era
Natural gas producers are finally realizing that the age-old adage is true: If you find yourself in a hole, stop digging.
8:00 PM EST | April 06, 2016
Fooled By Oil's False Bottom, Most US Shale Firms Skipped Hedging In 4Q
Anadarko and Chesapeake were among the few to increase hedging in the fourth quarter, according to a Reuters analysis of filings from the largest shale firms.
8:00 PM EST | March 15, 2016
Special Report: The Final Days And Deals Of Aubrey McClendon
Reuters examines the work and last days of controversial oil-and-gas pioneer Aubrey McClendon.
7:00 PM EST | March 10, 2016
McClendon's Actions Aren't Uncommon Across US Shale Patch
The actions that resulted in former Chesapeake Energy Corp. chief Aubrey McClendon's indictment aren't uncommon across the shale patch, lawyers and analysts said.
7:00 PM EST | March 03, 2016
Shale Pioneer McClendon, Accused of Bid Rigging, Dies in Crash
Aubrey McClendon's death comes a day after he was charged with rigging bids for oil and natural gas leases.
7:00 PM EST | March 01, 2016
Chesapeake Ramps Up Asset Sales To Repay Debt Amid Oil Slump
Chesapeake says it would make a debt payment due in March and that it planned to sell more assets as it aims to slash its debt load amid collapsing energy prices.
7:00 PM EST | February 23, 2016
Chesapeake's Half-Billion Dollar Tab Spurs Credit Line Concerns
Chesapeake Energy's ability to pay off a half-billion dollars in debt next month hinges on its cash and credit line.
7:00 PM EST | February 08, 2016
Chesapeake Falls by Most Since '93 Amid Cash Drought Concern
Chesapeake Energy says it has no plans to seek bankruptcy protection, dismissing a report that wiped out half the US natural gas driller's value.
7:00 PM EST | February 07, 2016
ConocoPhillips Cannibalizes Dividend as Occidental Holds Firm
ConocoPhillips joins the ranks of oil explorers curtailing dividend payouts after suffering its steepest quarterly loss in almost a decade.
7:00 PM EST | February 03, 2016