Chesapeake to garner $4 billion from sales, spin off
Chesapeake Energy is planning to collect $4 billion this year after it hawks assets in Texas, Pennsylvania and Oklahoma and spins off its U.S. fleet of walking rigs, the company said Friday.
View ArticleMcClendon venture to enter shale territories in $4.25B deal
The three announced acquisitions are the latest in a series of moves by Aubrey McClendon, one of the first wildcatters to capitalize on the U.S. shale boom, to rebuild his empire after he relinquished...
View ArticlePrivate equity firm adds $2.5B to energy infrastructure funding
First Reserve has closed on a $2.5 billion fund to back energy infrastructure, more than doubling the capital it had gathered to inject into pipeline, storage and liquefied natural gas projects.
View ArticleShale boom tested as plummeting prices threaten U.S. drillers
More supply from hydraulic fracturing and horizontal drilling, and less demand, are contributing to the tumble in West Texas Intermediate crude.
View ArticleMcClendon’s West Texas venture plans Wall Street debut
Wildcatter Aubrey McClendon’s oil and gas startup in West Texas may be the latest venture in the Permian Basin to beckon for Wall Street investors, sitting astride one of the most lucrative U.S. shale...
View ArticleAmerican Energy snaps up more West Texas oil land for $440M
The deal, expected to close next month, would double Aubrey McClendon's stake in West Texas.
View ArticleMcClendon venture raises $500 million for mineral rights
McClendon doesn’t appear to be slowing down his new venture even as oil prices have sunk below $75 a barrel.
View ArticleMajor MLP launches new Utica shale project with Marathon and McClendon backing
Denver-based MarkWest Energy Partners, which is being bought my Marathon's MPLX master-limited partnership for $14.7 billion, is leading the project through a long-term contract with the newly formed...
View ArticleAubrey McClendon pursuing $100 million deal for drilling rights in Australia
McClendon co-founded Chesapeake in 1989 and built it into a U.S. gas titan before his ouster in a 2013 investor revolt.
View ArticleMcClendon’s American Energy to buy 55 million acres in Australia
Aubrey McClendon's company American Energy Partners has struck four separate deals to buy 55 million acres in the McArthur Basin in Australia's Northern Territory and is working to secure another 10...
View ArticleBillions of barrels of oil vanish in a puff of accounting smoke
Across the American shale patch, companies are being forced to square their reported oil reserves with hard economic reality.
View ArticleChesapeake Energy rebounds after denying bankruptcy plans
The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.
View ArticleChesapeake to cover $500 million debt as asset sales swell
The company has signed agreements to divest $700 million in gas fields and other assets, overshooting the $200 million to $300 million target communicated to investors as recently as Dec. 16, the...
View ArticleChesapeake Energy ex-CEO McClendon indicted
McClendon is accused of orchestrating a scheme between two “large oil and gas companies” to not bid against each other for leases, the U.S. Justice Department said Tuesday in a statement.
View ArticleAuthorities seek to dismiss McClendon indictment
The U.S. Department of Justice’s Chicago-based antitrust division filed a motion to dismiss the bid rigging conspiracy indictment on Thursday in federal court in Oklahoma City.
View ArticleFederal probe of bid-rigging goes beyond Chesapeake ex-CEO
Before McClendon’s death, the Justice Department said that his indictment was “the first case resulting from an ongoing federal antitrust investigation into price fixing, bid rigging and other...
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