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Tag Archives: Aubrey McClendon

Chesapeake Energy ex-CEO Aubrey McClendon indicted

OKLAHOMA CITY (AP) — Aubrey McClendon, the former chief executive of Chesapeake Energy Corp., was indicted Tuesday on a charge of conspiring to rig bids to buy oil and natural gas leases in northwest Oklahoma. The Department of Justice said in a statement that McClendon is suspected of orchestrating a scheme between two large energy companies, which are not named ...

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Townships in Guernsey, Belmont counties are Ohio hot spots for oil, natural gas

Ohio River

Guernsey County’s Londonderry Township is the reigning hot spot for oil from Ohio’s Utica Shale. It is home to the Top 5 oil-producing wells in Ohio in second quarter 2015, according to a new report from the Ohio Department of Natural Resources. All fives wells are owned and operated by Oklahoma-based Ascent Resources (formerly American Energy Utica), an Aubrey McClendon ...

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SandRidge is target of antitrust grand jury probe: filing

HOUSTON/NEW YORK – SandRidge Energy Inc <SD.N> is the target of a federal grand jury probe concerning violations of antitrust law related to the leasing of oil and gas properties, the company said in a regulatory filing on Thursday. The Oklahoma City, Oklahoma-based company said the transactions subject to the government’s inquiry date from 2012 and prior years, according to ...

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American Energy Partners acquires 2 top Ohio wells

American Energy Partners LP recently acquired acreage in Ohio from HG Energy LLC, according to a report by Columbus Business First. The acquisition of the wells was part of a $475 million deal for 27,000 acres in Monroe County that took place over the summer. American Energy Partners’ subsidiary operating in the Utica formation, American Energy – Utica LLC, previously ...

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American Energy Partners receives $500 million for securing mineral interests

Although falling oil prices are prompting some companies to divest assets, co-founder and former CEO of Chesapeake Energy Corporation Aubrey McClendon, is continuing to invest in mineral interests. On Monday, McClendon’s American Energy Mineral Holdings LLC announced that it has raised about $500 million from equity commitments to obtain mineral rights and royalties in a few different U.S. shale formations, ...

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West Texas oil land sold for $440M

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American Energy announced Monday that it has agreed to purchase $440 million worth of land in West Texas. Aubrey McClendon, ex-CEO of Chesapeake Energy Corp. and the new leader of American Energy, said the company will be acquiring 14,000 net acres located in Reagan County that produces 1,400 barrels of oil per day. This is one of several moves the ...

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Chesapeake Energy quarterly profit and output rise

Nov 5 – Chesapeake Energy Corp, the second-largest U.S. producer of natural gas, on Wednesday reported a bigger-than-expected 8 percent increase in third-quarter profit on higher output from lower-cost shale wells in Texas, Louisiana and Ohio. Shares of Chesapeake rose 6.3 percent to $22.64 in morning New York Stock Exchange trading. The results show Chief Executive Officer Doug Lawler’s efforts ...

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Utica shale gas production continues to grow

Oil and gas drilling in the northeast is often synonymous with the Marcellus shale formation, but the Utica is coming out from behind its shadow with promises of exponential growth, according to a report by OilPrice.com. Since January 2012, production in the Utica has risen from 155 million cubic feet per day to roughly 1.3 billion cubic feet per day, ...

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Chesapeake Energy to face racketeering charges in Michigan trial

chesapeake

Joshua Schneyer | Reuters Natural gas and oil producer Chesapeake Energy Corp <CHK.N> must face trial on charges of felony racketeering and using false pretenses related to its land-leasing practices, a state judge has ruled. Cheboygan District Court Judge Maria Barton ruled on Monday that Oklahoma-based Chesapeake go to trial on one charge of racketeering and 20 counts of using ...

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Shale wizard McClendon: “Utica best in the U.S.”

aubrey

Shale Thielges | Shane Plays Media In Aubrey McClendon’s view, the Utica shale is “the best gas rock in the U.S.” Speaking Thursday at the Dallas Energy Conference, the pioneering wildcatter widely credited with discovering the potential of the Marcellus shale proclaimed his excitement regarding America’s fastest-growing energy source, Columbus Business First reports. McClendon’s new company, American Energy Partners, has invested over ...

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