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CEOh, brother!

Gazette staff March 20th, 2013

Oil and gas execs in Oklahoma are having a rough patch (not oil) these last few weeks.

Illustration: Brad Gregg
Most recently, SandRidge Energy CEO Tom Ward is facing possible unemployment thanks to TPG-Axon Capital and its takeover attempt. Ward has a few months to find gainful employment elsewhere, but it’s not so easy to scout out jobs for energy CEO.

Well, there happens to be one such opening at Chesapeake Energy, which Ward co-founded with the company’s soon-to-be departing CEO, Aubrey McClendon.

By June 30, the SandRidge board of directors has to decide if it wants Ward to stay. If he does, under terms of the settlement with the shareholder revolt, TPG-Axon gains control of the board.

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Chicken-Fried News: What's a billion, anyway?   

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