Chesapeake

Hundreds of landowners from Northeast Pennsylvania asked a federal court this month to deny motions filed by Chesapeake Energy Corp., Anadarko Petroleum Corp., Williams Partners LP and other companies to arbitrate their antitrust claims outside of court and dismiss parts of their complaint.

Chesapeake Energy Corp., long a natural gas-focused super independent, is shifting 2017 drilling dollars to oilier assets as it works to reduce debt and strengthen its balance sheet.

A 2015 court decision ordering Chesapeake Energy Corp. to pay more than $400 million in a bond dispute is officially in full effect after the U.S. Supreme Court declined to hear the company’s appeal this week.

The Bank of New York Mellon Corp. is asking the U.S. Supreme Court to again reject Chesapeake Energy Corp.’s efforts to avoid paying investors more than $400 million in a four-year-old bond dispute.

Chesapeake Energy Corp. begins 2017 stronger than any time in its history, according to CEO Doug Lawler, having delivered on a strategy to de-lever, de-risk and simplify its balance sheet while improving efficiencies and driving low production costs.

Chesapeake Energy Corp. and the estate of Aubrey McClendon have agreed to settle claims regarding the late co-founder and former CEO.

Steven C. Dixon, former COO of Chesapeake Energy Corp., has been named CEO of Oklahoma City-based Tapstone Energy LLC effective Jan. 1. Dixon will replace Tom L. Ward, who co-founded Chesapeake with Aubrey McClendon and later founded and ran SandRidge Energy Corp. until 2013. Ward launched Tapstone a few months after leaving SandRidge, and he plans to “maintain a large ownership stake” as he focuses on another venture also to be based in Oklahoma City. Dixon, who joined Chesapeake in 1991,served as interim CEO from April-June 2013 after McClendon was ousted. Tapstone, with close to 150 employees, has acquired and developed “an impressive acreage position in a prolific area of the Anadarko Basin,” within the STACK, aka, the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, Dixon said. Ward said Tapstone “is well positioned to experience incredible growth” under Dixon’s leadership.

Chesapeake Energy Corp. said Tuesday that it has agreed to the second of two planned divestitures of noncore assets in the Haynesville Shale, selling 41,500 net acres to an affiliate of Dallas-based Covey Park Energy LLC for $465 million.

Steven C. Dixon, former COO of Chesapeake Energy Corp., has been named CEO of Oklahoma City-based Tapstone Energy LLC effective Jan. 1. Dixon will replace Tom L. Ward, who co-founded Chesapeake with Aubrey McClendon and later founded and ran SandRidge Energy Corp. until 2013. Ward launched Tapstone a few months after leaving SandRidge, and he plans to “maintain a large ownership stake” as he focuses on another venture also to be based in Oklahoma City. Dixon, who joined Chesapeake in 1991,served as interim CEO from April-June 2013 after McClendon was ousted. Tapstone, with close to 150 employees, has acquired and developed “an impressive acreage position in a prolific area of the Anadarko Basin,” within the STACK, aka, the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, Dixon said. Ward said Tapstone “is well positioned to experience incredible growth” under Dixon’s leadership.