Aubrey

Chesapeake Energy Corp. CEO Aubrey McClendon has agreed to reimburse his company $12.1 million plus interest under a settlement agreement with shareholders that was filed in state court in Oklahoma City. McClendon in 2008 sold the company an antique map collection (see NGI, June 8, 2009). That year, in which he also received a $75 million bonus, McClendon had been forced by margin calls to sell 31.5 million shares in the company, or 94% of his holdings (see NGI, Oct. 13, 2008). Under a preliminary settlement agreement he is allowed to keep the bonus but has to reimburse the company for the maps. The company also agreed to several corporate governance and compensation changes, which include hiring an independent compensation consultant and forbidding executives from using Chesapeake stock to hedge or trade in puts or calls.

With his seventh shale-related joint venture (JV) in hand, Chesapeake Energy Corp. CEO Aubrey McClendon said Friday the company has plans to take partners in three, maybe more, U.S. leaseholds in 2012. The long-time shale promoter also claimed a leadership position for the company in the new natural gas age.

Chesapeake Energy Corp. CEO Aubrey McClendon, who sold his antique map collection in 2008 to the company in a deal that gave him a big profit in a year in which Chesapeake’s stock plunged by 60%, has agreed to reimburse the company with interest, according to court records.

The Utica Shale could be worth $500 billion, and the “biggest thing economically to hit Ohio, since maybe the plow,” Chesapeake Energy Corp. CEO Aubrey McClendon told an audience in Ohio last Wednesday.

The Utica Shale could be worth $500 billion, and the “biggest thing economically to hit Ohio, since maybe the plow,” Chesapeake Energy Corp. CEO Aubrey McClendon told an audience in Ohio on Wednesday.

Chesapeake Energy Corp. CEO Aubrey McClendon told financial analysts on Friday the company’s Utica Shale leasehold in Ohio “is likely most analogous, but economically superior to, the Eagle Ford Shale in South Texas.”

Chesapeake Energy Corp. CEO Aubrey McClendon told financial analysts on Friday the company’s Utica Shale leasehold in Ohio “is likely most analogous, but economically superior to, the Eagle Ford Shale in South Texas.”

Chesapeake Energy Corp. CEO Aubrey McClendon told financial analysts on Friday the company’s Utica Shale leasehold in Ohio “is likely most analogous, but economically superior to, the Eagle Ford Shale in South Texas.”

Having been part of the shale natural gas supply revolution, Chesapeake Energy Corp. wants to “kick-start the demand revolution,” CEO Aubrey McClendon said Monday when the company announced a $1 billion venture capital fund — Chesapeake NG Ventures Corp. (CNGV) — to invest in companies and technologies to enable replacement of gasoline and diesel fuel with natural gas and gas-to-liquids (GTL) fuels.