Chesapeake Energy

Energy
1:07 pm
Thu June 5, 2014

Michigan Charges Oklahoma City-Based Chesapeake In Land Leasing Case

The corporate campus of Chesapeake Energy in Oklahoma City.
Credit Joe Wertz / StateImpact Oklahoma

Charges have been filed by Michigan against an Oklahoma-based energy company in what authorities say was a land-leasing scheme.

Michigan Attorney General Bill Schuette on Thursday says he chargedChesapeake Energy Corp. with conducting criminal enterprises and false pretenses.

Schuette's complaint in Cheboygan District Court says land options in northern Michigan were obtained to keep competing companies from leasing. The leases later were canceled when competition for land ended.

A June 25 arraignment is scheduled.

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StateImpact Oklahoma
2:53 pm
Mon May 5, 2014

Three Of Oklahoma’s Largest Oil Companies’ Plan For How The State Should Tax Them

Credit neillharmer / Flickr Creative Commons

Executives at Chesapeake Energy, Continental Resources and Devon Energy have proposed a plan for Oklahoma’s taxes on oil and natural gas production.

The proposal comes as legislators are debating state oil and gas taxes, which include an incentive for horizontal drilling that expires next year. The Oklahoman‘sAdam Wilmoth reports:

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In Northern MIchigan
6:23 pm
Wed March 19, 2014

Chesapeake Energy Faces Antitrust Charges

MIchigan Attorney General Bill Schuette
Credit State Of Michigan

Representatives of two energy companies that are accused of colluding to keep bids low on oil and gas leases have appeared in a northern Michigan court to face criminal charges.

Michigan Attorney General Bill Schuette announced March 5 that he filed antitrust charges against Chesapeake Energy Corp. and Encana Corp.

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Chesapeake
8:48 am
Thu March 6, 2014

OKC's Cheseapeake Energy Accused Of Collusion

Credit Chesapeake Energy

Michigan Attorney General Bill Schuette says he's filed criminal charges Chesapeake Energy and Encana Corporation for colluding to avoid bidding against each other for Michigan oil and gas leases.

Schuette said Wednesday that the antitrust violations happened in 2010, when Oklahoma City-based Chesapeake and Calgary, Alberta-based Encana bought natural gas leases in Michigan.

He says collusion is suspected of depressing the per-acre cost of leases from $1,510 in May 2010 to under $40 in October 2010.

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StateImpact Pennsylvania
1:00 pm
Fri February 14, 2014

Penn. State Senator Asks For Investigation Into Chesapeake Energy Royalty Payments

Pennsylvania State Sen. Gene Yaw (R- Bradford) is asking for an investigation into Chesapeake Energy.
Credit Provided / Senator Gene Yaw

The chairman of the state Senate Environmental Resources and Energy Committee, Gene Yaw (R- Bradford) is asking state Attorney General Kathleen Kane to investigate allegations of fraud against Pennsylvania’s biggest natural gas driller, Chesapeake Energy.

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Chesapeake Energy
6:29 pm
Thu December 19, 2013

Chesapeake Subsidiary To Pay Nearly $10 Million In Fines In West Virginia

Credit Chesapeake Energy

A Chesapeake Energy subsidiary agrees to nearly $10 million in fines and restoration work to settle federal allegations over unauthorized discharges of fill material at more than two dozen natural gas extraction sites in West Virginia.

The U.S. Environmental Protection Agency and Department of Justice announced the settlement Thursday.

Oklahoma City-based Chesapeake's subsidiary, Chesapeake Appalachia LLC, will pay a $3.2 million fine and spend $6.7 million on restoration work. It also agreed to implement a plan to follow water protection laws.

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Chesapeake
7:56 am
Mon October 21, 2013

Reporter’s Notebook: Update On OKC’s Chesapeake Energy

Credit Joe Wertz / StateImpact Oklahoma

The chief executive of Chesapeake Energy Inc. says he expects the company to grow in the future, despite the fact that it gave pink slips to 800 employees Oct. 8.

Journal-Record energy reporter Sarah Terry-Cobo provides an overview of developments and where the company is headed.

Terry-Cobo says the situation with Chesapeake is unique, and similar layoff should not be expected by other Oklahoma City energy companies.

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Co-founder of Chesapeake and SandRidge
6:19 pm
Fri October 18, 2013

Former CEO Starts New Energy Company

Tom Ward
Credit snu.edu

The former CEO of SandRidge Energy Inc. and co-founder of Chesapeake Energy Corp. has started a new Oklahoma City energy company.

The Oklahoman reports that Tom Ward's new company, Tapstone Energy LLC, has leased space in an office building downtown. Ward says the company has "a handful of employees" and is looking for more employees and oil and gas properties.

Ward says he is funding the new company himself for now, but that he might consider bringing on other investors.

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Chesapeake
8:08 am
Fri October 18, 2013

Fort Worth Joins Lawsuit Against OKC's Chesapeake Energy

The corporate campus of Chesapeake Energy in Oklahoma City.
Credit Joe Wertz / StateImpact Oklahoma

Fort Worth and several other individuals and cities have sued Oklahoma City-based Chesapeake Energy claiming the company underpaid natural gas royalties.

The Fort Worth Star-Telegram reports Friday the lawsuit was filed in a Tarrant County district court.

The newspaper says the lawsuit filed Thursday claims Chesapeake improperly deducted production services and sold natural gas to its affiliates under market price. The lawsuit says that as a result Fort Worth, Arlington and others were underpaid royalties.

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640 Laid Off in Oklahoma City
4:58 pm
Tue October 8, 2013

Chesapeake's Bad News Tuesday

Credit Chesapeake Energy

Chesapeake Energy Corp. is laying off 800 workers across the company, including 640 at its home base of Oklahoma City.

The company says the Tuesday layoff announcement is necessary to keep the oil and natural gas specialist competitive.

Chesapeake CEO Doug Lawler told The Oklahoman that he's working to keep the company vibrant for "decades to come."

About 1,200 people have left jobs with Chesapeake since the start of 2013.

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