Aubrey

Chesapeake Energy Corp. CEO Aubrey McClendon said Thursday the company remains on track to sell up to $14 billion of assets by the end of the year, including a package of properties in the Permian Basin. He’s also confident that even as the company continues to turn toward more oily production, natural gas prices will strengthen in the coming months.

Chesapeake Energy Corp. CEO Aubrey McClendon, who Thursday spoke to analysts publicly for the first time in months beyond the Oklahoma City boardroom, said the company remains on track to sell up to $14 billion of assets by the end of the year, including a package of properties in the Permian Basin. He’s also confident that even as the company continues to turn toward more oily production, natural gas prices will strengthen in the coming months.

Chesapeake Energy Corp.’s Aubrey McClendon, who has served as chairman and CEO since he co-founded the company in 1989, will no longer be running the board of directors after Friday (June 22). Questions remain about how the incoming nonexecutive chairman may change the company’s direction — and how McClendon conforms in his more tightly defined role.

Chesapeake Energy Corp. CEO Aubrey McClendon and National Oilwell Varco CEO Pete Miller, the lead independent director of the board, late Tuesday sent a letter to shareholders addressing “certain issues” raised last week by John Liu, the City of New York’s comptroller, who oversees the city’s pension funds.

Chesapeake Energy Corp. CEO Aubrey McClendon and National Oilwell Varco CEO Pete Miller, the lead independent director of the board, late Tuesday sent a letter to shareholders addressing”certain issues” raised last week by John Liu, the City of New York’s comptroller, who oversees the city’s pension funds.

Chesapeake Energy Corp. CEO Aubrey McClendon said Monday he was confident that the company would complete several planned property sales this year to plug a funding gap estimated at $10 billion.

Chesapeake Energy Corp.’s stock price jumped on Monday after the company secured a $3 billion term loan and CEO Aubrey McClendon expressed confidence in the company’s ability to complete planned property sales this year to bridge an estimated $10 billion funding gap. In addition, an estimated $1 billion volumetric production payment (VPP) in the Eagle Ford Shale has been sidelined in favor of more noncore asset sales.

Chesapeake Energy Corp.’s largest shareholder, Southeastern Asset Management Inc., on Monday urged CEO Aubrey McClendon and the board of directors “to be open to any offers to acquire the whole company.”

Chesapeake Energy Corp. and CEO Aubrey K. McClendon were notified by the Securities and Exchange Commission (SEC) that the Fort Worth, TX, regional office has launched an informal inquiry and “requested that the company and Mr. McClendon retain certain documents,” the company said after the stock market closed on Thursday.