Chesapeake suing former CEO Aubrey McClendon’s company, alleging he stole data, maps

OKLAHOMA CITY – One of the nation’s largest oil producers is suing its former CEO’s new company, alleging that he stole “trade secrets” during his final days on the job. On Tuesday, Chesapeake Energy filed a lawsuit against its former chief executive Aubrey McClendon’s company American Energy Partners. In the civil complaint, Chesapeake alleges that McClendon […]

OKC councilman questions Chesapeake’s future

OKLAHOMA CITY — It’s one of the largest employers in the metro; one outspoken Oklahoma City councilman is voicing concerns about Chesapeake Energy. Those comments come on the heels of numerous national reports questioning the energy giant’s business ethics. Ward 2 Councilman Ed Shadid questioned Chesapeake’s long-term future. The company’s influence on the city extends […]

McClendon steps down as Chesapeake Energy chairman

OKLAHOMA CITY — Chesapeake Energy Corporation announced Tuesday that Aubrey McClendon is stepping down as Chairman of the board. The changes follow news last week of a possible federal investigation into the energy giant and a company perk that allowed McClendon to have a personal stake in Chesapeake’s gas wells. McClendon will still run the […]

Chesapeake confirms SEC inquiry

OKLAHOMA CITY — The SEC wants to take a closer look at the program that granted CEO Aubrey McClendon a share in each of the company’s natural gas wells. At issue, more than a billion dollars in personal loans McClendon had obtained on the wells. McClendon stepped down as chairman of the board at Chesapeake […]

Allegations surface against Chesapeake CEO

OKLAHOMA CITY — It appears there is more trouble for Aubrey McClendon and Chesapeake Energy. The energy giant’s stock plunged Wednesday; down 12 percent in the first hour of trading. Investors reacted to disappointing news that the company lost more than $71 million in the first quarter. The stock trouble comes as allegations are surfacing of […]

More legal trouble for Chesapeake

OKLAHOMA CITY — There is more trouble for Oklahoma City-based Chesapeake Energy. A shareholder has filed a lawsuit over the company’s corporate jet policy. Gilberta Norris of Virginia is claiming top executives as well as Chesapeake’s Board of Directors used company jets for personal travel, wasting millions of dollars. Some of the names listed in […]

Chesapeake lawsuit involves private jets

OKLAHOMA CITY — Top officials at Chesapeake Energy are accused of wasting millions of dollars using corporate jets for personal trips. A shareholder, who lives in Virginia, filed a lawsuit in Oklahoma City against the board of directors Tuesday. The lawsuit claims the company spent nearly $14 million dollars over five years for trips that […]

Possible inquiry into Chesapeake, McClendon

OKLAHOMA CITY — There’s big news about Chesapeake Energy and its CEO, Aubrey McClendon. Reuters is reporting that the Fort Worth office of the Securities and Exchange Commission is launching an inquiry into Chesapeake and McClendon. A spokesman for Chesapeake said they have not been informed of any informal or formal inquiry into McClendon or Chesapeake […]

Shareholders voice concerns with Chesapeake Energy

OKLAHOMA CITY- Two Chesapeake board members offered to resign after shareholders overwhelmingly voted against their re-election.   Oklahoma State President Burns Hargis and former Union Pacific CEO Richard Davidson  each received less than 28% of shareholder votes. The shareholders voiced their concerns with the board and the company Friday morning. Earlier this week, Chesapeake Energy agreed […]

Chesapeake stock up after announcement

Wall Street responded positively to the announcement that Chesapeake’s founder and CEO, Aubrey McClendon is leaving the company he co-founded. Chesapeake stock ended the day almost 6 percent higher at $20.11 a share. As one analyst said, Aubrey McClendon was the “face of the U.S. natural gas boom.” When those gas prices plummeted, McClendon’s style […]

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