Doug Lawler

A building on the Chesapeake Energy Corporation campus.
Brent Fuchs / The Journal Record

Last week major Oklahoma energy players Devon and Williams Companies unveiled their latest earnings reports, showing huge fourth-quarter losses. The news wasn’t any better this week for Oklahoma City oil and gas giants Chesapeake Energy and Continental Resources also posted significant losses.

Close-up of a Pump Jack
neillharmer / Flickr

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:

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

Chesapeake Energy Corp. reportedly laid off dozens of employees Tuesday as part of an ongoing restructuring under its new chief executive.

In an email to employees of the Oklahoma City-based energy giant, CEO Doug Lawler said 86 employees from several departments lost their jobs.

Lawler said in the email obtained by KWTV-News9 the company "worked hard to ensure that each was treated with integrity and respect throughout this process."