Credit: Brad Gregg Meanwhile, the latest kick to the well head for Chesapeake came in a Reuters story yesterday showing that Chesapeake possibly worked with a competitor to suppress land prices on its oil and gas plays. According to emails obtained by Reuters, Chesapeake CEO Aubrey McClendon had explicit knowledge of his company working with […]
energy
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It’s a gusher!
Brad Gregg Revelations continue to percolate from Reuters, the news agency that spurred the headaches for McClendon last month when it reported on his $1.1 billion in personal loans to pay for a CEO perk. More recently, Reuters showed that McClendon had Chesapeake’s permission to trade in commodities, even though a 2009 contract indicated he […]
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You can’t spell McClendon without ‘lend’
Chesapeake Energy CEO Aubrey McClendon has had a few of those in recent months.On April 18, Reuters reported that over the course of three years, McClendon had taken out around $1.1 billion in personal loans from companies he controlled. Those loans were used to secure a CEO perk in which he must pay for 2.5 […]
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Frack, yeah!
Otherwise known as fracking, the method of natural-gas extraction is hailed by the energy industry (and those the industry has helped elevate to regulatory government positions) while simultaneously drawing fire from critics in the media, Hollywood and environmental groups. Thus far this year, the Environmental Protection Agency pushed back hard on criticism of its report […]
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A Sooner snubbing?
Most were state Democratic movers and shakers: some old-guard stalwarts such as former Attorney General Drew Edmondson, and some new, such as freshman state Rep. Emily Virgin of Norman. But they all seemed excited, almost giddy, as they took photos of one another after arriving at the location President Barack Obama would deliver his speech. […]
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Oil vey!
The would-be Keystone XL pipeline would mean an estimated 1,200 jobs in Oklahoma. Obama’s decision, hailed by environmentalists and condemned by the oil industry, had state leaders vying to see who could crank out the most pissed-off reaction. “I am outraged by President Obama’s obstructionism, poor judgment and lack of regard,” fumed Gov. Mary Fallin. […]
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Off the grid, on the mark
They lovingly demonstrate that being “off the grid” means more than just generating one’s own electricity. We are all totally dependent on the food grid, sewer grid, water grid, fuel grid and all other services used in our daily lives. We take it for granted that all those services will reliably perform upon demand. Bruce […]
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The ol’ shell game?
Chesapeake Energy Corp. CEO Aubrey McClendon may be learning that lesson, as well. According to a Reuters investigative report, Chesapeake has been setting up shell companies — businesses with no real operations and which exist only on paper — to secure leases from landowners in Michigan. The tactic keeps competitors from sniffing around on potentially […]
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The ol’ shell game?
Chesapeake Energy Corp. CEO Aubrey McClendon may be learning that lesson, as well. According to a Reuters investigative report, Chesapeake has been setting up shell companies — businesses with no real operations and which exist only on paper — to secure leases from landowners in Michigan. The tactic keeps competitors from sniffing around on potentially […]
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Be our guest!
And this isn’t an Aubrey McClendon profile you’re likely to read in The Oklahoman. The Forbes piece, written by Christopher Helman, starts out with McClendon eating dinner at Deep Fork Grill, which McClendon co-owns, and trying to select a wine. After relaying some of Chesapeake’s current market standing and statistics about the company, the profile […]