SandRidge
Posted inNews
Tom Tom, clubbed
Credit: Brad Gregg Apparently, that was just a warm-up act. Now, the news agency is examining SandRidge Energy and its CEO, Tom Ward. In a recent story, Reuters showed how some practices at SandRidge didn’t differ much from those at Chesapeake, which Ward had co-founded with McClendon. Reuters reported that Ward received $75 million in […]
Posted inNews
Hot or not
The Wall Street Journal reported recently that McClendon will likely remain in place as CEO after an internal investigation of his financial dealings is completed later this month. McClendon, you might remember, survived a shareholder revolt after revelations that he used his stake in oil and gas wells as collateral for more than $800 million […]
Posted inNews
Sour shareholders
Credit: Brad Gregg TPG-Axon, which holds a 4.5 percent stake in SandRidge, charged in a Nov. 8 letter to SandRidge’s board that the company had engaged in reckless spending and that shareholders had experienced a 76-percent decline in stock price. TPG-Axon requested that the company be sold, Tom Ward replaced as CEO and board members […]
Posted inNews
Quality costs
The Chesapeake campus Energy companies comprised the bulk of the 10 companies receiving the most in state Quality Jobs funds. Chesapeake Energy Corp. received the most, at nearly $7.2 million, followed by SandRidge at around $6.6 million and ConocoPhillips at $4.8 million. Only three non-energy companies are on the top-10 list: Dell, Spirit AeroSystems and […]
Posted inArts & Culture
Wheels turning
Chad Hodges Andy Chasteen has traveled far and wide seeking the highest levels of cycling competition. The Oklahoma City resident needs look no further. The first Oklahoma City Pro-Am Classic is coming to Automobile Alley on Saturday. With a $20,000-plus payout and a full slate of races scheduled for pros and amateurs, the event is […]
Posted inNews
Under pressure
Aubrey McClendon Mark Hancock A steady drip — perhaps more of a constant flow — of negative news stories has rocked the Oklahoma City-based company, starting with revelations published by Reuters on April 18 that McClendon took out $1.1 billion in personal loans over three years. The loans, which were through McClendon-controlled companies, were used […]