Chesapeake Energy Corporation Company News

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Gas Driller Calls for Federal Methane Leak Curbs
Friday, April 16, 2021EQT Corp. is calling for stricter caps on methane leaks from natural gas wells.

Banks Backing Away from US Shale
Thursday, July 23, 2020One of the key sources of funding for American shale is evaporating, just as the the sector needs it more than ever.

Chesapeake Bankruptcy Extends String of 2020 Shale Busts
Monday, June 29, 2020The shale bust has reached a grim milestone by claiming the pioneer of America's drilling renaissance.

Chesapeake Alum Joins Laredo as CFO
Friday, June 19, 2020Personnel costs for full-year 2020 are also expected to be reduced by 10 percent from 2019 levels.

Chesapeake Reportedly Skips Interest Payment
Tuesday, June 16, 2020Chesapeake Energy Corp., a pioneer of the shale revolution, is putting the finishing touches on plans to hand control to creditors.

Small Shale Stocks Lead Energy Rally Post OPEC Extension
Monday, June 08, 2020Small shale producers and offshore drillers are among stocks soaring after the wider OPEC+ group agreed to extend output curbs.

Chesapeake Revives Going Concern Warning
Tuesday, May 12, 2020The outlook for the company's debt restructuring effort is teetering.

Chesapeake Adopts Poison Pill After Shares Plummet
Thursday, April 23, 2020While the company has pushed to transition into an oil explorer, that move could prove pointless after crude's historic crash.

NYSE Gives Chesapeake Granite Wash Trust the Boot
Tuesday, March 03, 2020The Trust was unable to regain listing compliance within a six-month period that ended Feb. 28.

Is Chevron's $11B Write-Down an Oilpatch Warning?
Tuesday, January 14, 2020Current market conditions are resulting in many US fracking projects failing to break even.

Chesapeake Debt Deal Skirts Bankruptcy
Wednesday, December 04, 2019Unfortunately, the move doesn't change the fundamental trajectory for the Oklahoma City-based shale producer.

Chesapeake Stock Nosedives to 20-Year Low
Wednesday, November 06, 2019Shares fell as much as 24 percent intraday on Wednesday to their lowest since 1999.

Chesapeake Dips, Shares 'Going Concern' Warning
Tuesday, November 05, 2019Chesapeake said it may not be able to continue as a "going concern" if depressed oil and gas prices persist.

'Smart' Appalachian Operators Can Handle Sub $2 Natural Gas
Friday, September 27, 2019Conventional 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)

WildHorse to Lay Off Staff After Chesapeake Acquisition
Monday, January 14, 2019WildHorse Resources Management Company will permanently close its Houston office, resulting in almost 100 layoffs.

Chesapeake to Cut Rigs to Reduce CAPEX in 2019
Thursday, January 10, 2019The Oklahoma City-based E&P company is lowering its rig count by 20% in 2019.

Chesapeake Surges After Director Buys Shares
Wednesday, December 26, 2018Chesapeake shares rose the most since February.

Chesapeake Buys WildHorse for Almost $4B
Tuesday, October 30, 2018Oklahoma-based Chesapeake Energy will acquire WildHorse, which operates in the Eagle Ford and Austin Chalk. (Pictured: Chesapeake's CEO Doug Lawler)

Shale Companies Sink On Investor Disappointment, Hedging Losses
Wednesday, August 01, 2018Shares of US oil producers dropped sharply after several companies posted weaker-than-expected results.

Chesapeake to Sell Utica Shale for $2B
Thursday, July 26, 2018Chesapeake Energy Corp. agrees to sell its Utica Shale assets in Ohio.

Chesapeake Says To Raise 2018 Output On Lower Spending, Shares Jump
Thursday, February 22, 2018Chesapeake says it expects production to keep rising this year, despite a 12% cut in spending.

Chesapeake Energy Corp. Cuts Hundreds of Employees
Tuesday, January 30, 2018Natural gas producer Chesapeake Energy lays off 13% of staff.

Chesapeake To Cut Rig Count, Bring Fewer Wells To Production
Thursday, August 03, 2017Chesapeake beats quarterly profit estimates, but says it plans to cut its rig count and bring fewer wells into production this year.

Chesapeake CEO: Downturn Challenges Helped Oil, Gas Companies
Tuesday, March 07, 2017Doug Lawler, chief at shale gas forerunner Chesapeake Corp., tells CERAWeek audience the commodity price downturn forced independent upstream companies to become stronger.

Chesapeake Energy Posts Smaller Quarterly Loss
Thursday, February 23, 2017Chesapeake 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.

Chesapeake Earns Almost $1B from Two Haynesville Gas Asset Sales
Tuesday, December 20, 2016Chesapeake 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.

Chesapeake to Sell Haynesville Asset for $450M
Monday, December 05, 2016U.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.

Chesapeake Energy Expects To Exit 2017, 2018 With Higher Output
Thursday, November 03, 2016Chesapeake reports a surprise adjusted profit, helped by lower expenses, and expects to exit the next two years at higher production rates.

Chesapeake Energy Declares 'Propageddon' With Record Frack
Friday, October 21, 2016The era of the monster frack has arrived in North America, and Chesapeake is singing its praises.

Chesapeake Shores Up Capital With $1.25B Debt Deal
Wednesday, October 05, 2016Chesapeake 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.

Chesapeake Receives DoJ Subpoena on Accounting for Asset Purchase
Thursday, September 29, 2016Chesapeake 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.

Icahn Nominee Resigns From Chesapeake Board; Shares Tumble
Tuesday, September 27, 2016Chesapeake 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.

Exxon's Accounting Practices Said to Be Reviewed by New York
Friday, September 16, 2016New 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.

Chesapeake Energy Loses Appeal In $438.7M Bond Dispute
Thursday, September 15, 2016A federal appeals court rejects Chesapeake's effort to avoid having to pay $438.7 million, including interest, to investors in a bond dispute.

Chesapeake, Tom Ward Sued by Shale Owners for Alleged Scheme
Tuesday, July 19, 2016Chesapeake 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.

McClendon Police Probe Found No Direct Evidence of Suicide
Wednesday, June 08, 2016Investigators 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.

As Oil Boom Goes Bust, Oklahoma Protects Drillers and Squeezes Schools
Tuesday, May 17, 2016After 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.

Oil Drillers Adding Hedges as Crude Closes In on $50 a Barrel
Monday, May 16, 2016Oil producers are taking advantage of the rebound in crude markets to lock in protection against another slump.

SandRidge Says It Is No Longer Target of Antitrust Probe
Friday, April 15, 2016Oil 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.

Chesapeake Gets Credit Lifeline But Troubles Remain
Friday, April 15, 2016Chesapeake Energy stocks and bonds stage rally after lenders quash fears of a bankruptcy.

Chesapeake Surprises By Keeping $4B Borrowing Base
Monday, April 11, 2016Chesapeake 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.

Gas Drillers Go Rigless As Price Collapse Heralds Austerity Era
Thursday, April 07, 2016Natural gas producers are finally realizing that the age-old adage is true: If you find yourself in a hole, stop digging.

Fooled By Oil's False Bottom, Most US Shale Firms Skipped Hedging In 4Q
Wednesday, March 16, 2016Anadarko 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.

Special Report: The Final Days And Deals Of Aubrey McClendon
Friday, March 11, 2016Reuters examines the work and last days of controversial oil-and-gas pioneer Aubrey McClendon.

McClendon's Actions Aren't Uncommon Across US Shale Patch
Friday, March 04, 2016The actions that resulted in former Chesapeake Energy Corp. chief Aubrey McClendon's indictment aren't uncommon across the shale patch, lawyers and analysts said.

Shale Pioneer McClendon, Accused of Bid Rigging, Dies in Crash
Wednesday, March 02, 2016Aubrey McClendon's death comes a day after he was charged with rigging bids for oil and natural gas leases.

Chesapeake Ramps Up Asset Sales To Repay Debt Amid Oil Slump
Wednesday, February 24, 2016Chesapeake 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.

Chesapeake's Half-Billion Dollar Tab Spurs Credit Line Concerns
Tuesday, February 09, 2016Chesapeake Energy's ability to pay off a half-billion dollars in debt next month hinges on its cash and credit line.

Chesapeake Falls by Most Since '93 Amid Cash Drought Concern
Monday, February 08, 2016Chesapeake Energy says it has no plans to seek bankruptcy protection, dismissing a report that wiped out half the US natural gas driller's value.

ConocoPhillips Cannibalizes Dividend as Occidental Holds Firm
Thursday, February 04, 2016ConocoPhillips joins the ranks of oil explorers curtailing dividend payouts after suffering its steepest quarterly loss in almost a decade.