Chesapeake

A state lawmaker in Pennsylvania has introduced a bill that would require operators to submit monthly production reports, giving landowners more information to ensure that they are receiving accurate royalty payments.

The drilling rights to an estimated 13,000 acres in New York’s Southern Tier will be released and litigation dropped as part of a major settlement reached Monday by Chesapeake Energy Corp. and about 200 landowners.

A unit of Chesapeake Energy Corp. has won a victory in the Court of Appeals for the Fourth Circuit about its rights to drill natural gas wells and use open waste pits on private property because the operator had all of the needed permits in place from West Virginia regulators.

Chesapeake Energy Corp. is awaiting approval by the courts of a proposed $7.5 million settlement to resolve claims that a unit improperly charged Pennsylvania leaseholders post-production fees, a spokesman said Tuesday.

Two of Anadarko Petroleum Corp.’s operations executives have left the company to join their former Anadarko colleague, Doug Lawler, who took over in June as CEO of Chesapeake Energy Corp.

Activist investor Carl Icahn’s love/hate relationship with Chesapeake Energy Corp. appears to be more like than not after he increased his stake in the company, according to a regulatory filing by the company.

A story concerningAubrey McClendon’s latest foray into the onshore through entityAmerican Energy Partners LPpublished on Wednesday is said to include misinformation, according to a spokesman (seeDaily GPI,Aug. 21). McClendon leftChesapeake Energy Corp.on April 1. Later that month Chesapeake executivesHenry HoodandTom Pricealso departed, and a Chesapeake official said at the time they would be working with McClendon in his new endeavor (seeShale Daily,April 17). Price in fact told theThe Oklahomanthat McClendon had “kindly offered to provide me with an office, and I have accepted…Aubrey and I have worked really well together on trying to do things that benefit Oklahoma City. I think we can continue to do that and hopefully enhance the prosperity of the state as well.” Neither Hood nor Price are said to be part of the new endeavor, said the spokesman. Also, American Energy’s spokesman claimed that neither McClendon nor his associates own the headquarters in Oklahoma City, as state officials had indicated in April.

A story published on Wednesday concerningAubrey McClendon’s latest foray into the onshore through entityAmerican Energy Partners LPis said to include misinformation, according to a spokesman (seeShale Daily,Aug. 21). McClendon leftChesapeake Energy Corp.on April 1. Later that month Chesapeake executivesHenry HoodandTom Pricealso departed, and a Chesapeake official said at the time they would be working with McClendon in his new endeavor (seeShale Daily,April 17). Price in fact told theThe Oklahomanthat McClendon had “kindly offered to provide me with an office, and I have accepted…Aubrey and I have worked really well together on trying to do things that benefit Oklahoma City. I think we can continue to do that and hopefully enhance the prosperity of the state as well.” Neither Hood nor Price are said to be part of the new endeavor, said the spokesman. Also, American Energy’s spokesman claimed that neither McClendon nor his associates own the headquarters in Oklahoma City, as state officials had indicated in April.

Risk-taker and rule-breaker Aubrey McClendon, who co-founded Chesapeake Energy Corp. and then retired on April 1, appears to be making a comeback in the U.S. exploration and production (E&P) arena, with one of his start-ups apparently buying one or two leaseholds in the Utica Shale, sources toldNGI.