Tag Archives: Aubrey McClendon

Nonprofits, retailers look to uncertain future with Chesapeake changes

Marnie Taylor, president and CEO of the Oklahoma Center for Nonprofits Photo by Mark Hancock From shopping centers to the support of nonprofits and the arts, many rely on Chesapeake dollars. With the announced departure of Chesapeake co-founder and CEO Aubrey McClendon by April 1, many who have benefited, and continue to benefit from the

IBC purchases Caliber Center from Chesapeake for $32.4 million

Caliber Center Photo provided by Price Edwards & Co. Built in 1976, the 10-story, multi-tenant building houses IBC’s Oklahoma headquarters. The company is a division of International Bancshares Corporation, and is based in Laredo, Texas. It had been leasing space from Chesapeake, and now plans to keep its operations at the Caliber Center. IBC has

Chesapeake plans to sell midstream assets

Chesapeake CEO Aubrey McClendon Photo by Mark Hancock The planned sale represents a substantial majority of the company’s midstream assets in the Marcellus, Utica, Eagle Ford, Haynesville and Niobrara shale plays. The buyer is Access Midstream Partners LP. It includes the sale of new market-based gathering and processing agreements that cover various acres. “We are

Chesapeake hires, honors veterans

“Veterans perform well in our industry, and share our company’s commitment to energy independence,” said Martha Burger, Chesapeake senior vice president of human and corporate resources. “We hope to honor their talent, experience and military service with rewarding careers, while easing their transition to civilian life.” The team of recruiters that leads Chesapeake’s military hiring

Chesapeake appoints five new board members

After media reports of questionable practices within Chesapeake by CEO Aubrey McClendon, the company’s two largest shareholders – Southeastern Asset Management and Carl C. Icahn – demanded changes to the board, and that McClendon no longer serve as chairman. However, he remains CEO, president and a member of the board. The board will bid farewell

Chesapeake plans to raise $4 billion, make board changes

The company plans to sell its midstream assets in three separate transactions for expected cash proceeds of $4 billion. The divestitures will allow the company to reduce previously budgeted capital expenditures by about $3 billion over the next three years. Limited partner and general partner interests in Chesapeake Midstream Partners LP will be sold to

Chesapeake board changes planned

Through the shuffling of positions, CEO Aubrey McClendon will remain in his post, but as previously decided in May, will not serve as chairman of the board, although he will remain a director. The changes came about by Chesapeake’s two largest shareholders, Southeastern Asset Management and investor Carl C. Icahn and his affiliated entities. Southeastern

Largest Chesapeake shareholder sends directives to CEO and board

In the filing by O. Mason Hawkins, chairman and chief executive officer of Memphis, Tenn.-based Southeastern Asset Management Inc., which owns about 13 percent of Chesapeake’s stock, a letter addressed to CEO Aubrey McClendon and Chesapeake’s board of directors stated the company’s 25/25 plan to increase production and reduce debt both by 25 percent were

McClendon no longer serves as chairman, continues as CEO

Furthermore, the company announced today that the board has decided to terminate the Founder Well Participation Program (FWPP) with McClendon on June 30, 2014 – 18 months before the end of its current term of Dec. 31, 2015. Company officials say McClendon “will receive no compensation of any kind in connection with the early termination