Former Chesapeake Energy Chairman and CEO Aubrey McClendon is back in the news for allegedly stealing corporate secrets on his way out the door in 2013. McClendon is famous for founding Chesapeake and embracing new drilling technology that helped make the company one of the largest US natural gas producers. However, conflicts of interest began… Keep reading →
Aubrey McClendon built a reputation for bucking industry views while he built Chesapeake Energy into one of the largest US natural gas producers by volume and helped pioneer the country’s unconventional resource revolution led by independent producers. McClendon also gained a reputation for bleeding shareholder cash as Chesapeake amassed a huge debt load before his… Keep reading →
Berkshire Hathaway energy unit MidAmerican Power Holdings has agreed to buy wind turbines with an estimated value of more than $1bln from Siemens. IFM Investors has agreed to invest $1.3 billion in equity funding for the proposed three-train Freeport LNG natural gas liquefaction and export plant in Texas, sourced from a consortium of project finance ledners. The funding in question… Keep reading →
Chesapeake Energy, co-founded by flamboyant and freewheeling Aubrey McClendon, appears to be successfully restructuring in the wake of the former chairman and CEO’s departure. The company today announced positive Q3 earnings and analysts rewarded its upbeat outlook, but investors were less impressed, as share prices were down almost 7% by late afternoon. “We upgrade… Keep reading →
Neat and messy, conservative and spendthrift, no we’re not talking about Felix and Oscar, but former ExxonMobil CEO Lee Raymond and former Chesapeake Chairman and CEO Aubrey McClendon, who have teamed up to run a shale gas venture focused on Ohio’s Utica Shale. “It may be the U.S. energy industry’s oddest couple: Lee Raymond, who… Keep reading →
Japan’s Tohoku Electric Power Company has agreed to buy 0.9 million tons per annum of LNG for 20 years from the 8.9 mtpa, Chevron-operated Wheatstone LNG project in Australia. Other committed buyers for Wheatstone production include TEPCO, Kyushu Electric Power Company and Chubu Electric Power Company. First LNG is scheduled for 2016. US independent Apache completed… Keep reading →
Aubrey McClendon, ousted chief executive of Chesapeake Energy, cannot be accused of depriving investors and other interested parties of reasons to sue, or at least question the legality of his actions. So this begs the question: why go after him for naming his company American Energy Partners? Several news sources have reported that American Energy… Keep reading →
Former Chesapeake Chief Executive Aubrey McClendon just can’t stay away from buying up big tracts of shale-prospective land, a strategy that played a big part in saddling the company with a heavy debt load…apparently one of his new companies is purchasing land in the Utica Shale in Ohio. “McClendon’s playing the same business plan game… Keep reading →
Chesapeake Energy – one of the largest US independent natural gas producers – continues restructuring in the wake of founder, chairman and CEO Aubrey McClendon’s departure. The company just let go 4 top executives, including the COO, EVP of production, SVP of drilling and SVP of human and corporate resources. “Termination without cause would provide… Keep reading →
Aubrey McClendon, Chesapeake Energy’s delightfully shady former CEO who was forced out by shareholders who found him more shady than delightful, is the sort of person about whom I might say “never change, Aubrey,” if that seemed necessary. It does not: Aubrey McClendon, the controversial former chief executive of Chesapeake Energy, is attempting to stage… Keep reading →
