OKCBiz.com - Energy

Largest Chesapeake shareholder sends directives to CEO and board -

Mon, 07 May 2012 00:00:00 EDT

Chesapeake Energy Corp.’s largest shareholder focused some direct language toward the company May 7 in an amendment to a previous document filed with the U.S. Securities and Exchange Commission that called for the energy company to set aside goals and practices it feels are not beneficial to current operations and focus on maximizing operational cash flow. It also urged the board to be open to any offers to acquire the whole company, with several provisions.

McClendon no longer serves as chairman, continues as CEO -

Tue, 01 May 2012 00:00:00 EDT

Chesapeake Energy Corp.'s Aubrey McClendon no longer will serve as chairman of the company's board of directors, but will continue as CEO. According to company officials, the board's nominating and corporate governance committee “is considering potential candidates with no previous substantive relationship with Chesapeake and will be soliciting input from major shareholders.”

Chesapeake board clarifies agreement with McClendon -

Thu, 26 Apr 2012 00:00:00 EDT

In response to recent media reports of shady dealings inside Chesapeake Energy Corp. and with its CEO, the board of directors does not plan to extend a lucrative well drilling program past its current deadline of Dec. 31, 2015.

Chesapeake shares dip on news of McClendon's investment in wells -

Thu, 19 Apr 2012 00:00:00 EDT

Chesapeake Energy Corp. shares sharply declined April 18 after a published report showed CEO Aubrey McClendon took out personal loans to the tune of at least $1.1 billion and used Chesapeake wells as collateral.

Three Chesapeake deals to net $2.6 billion -

Tue, 10 Apr 2012 00:00:00 EDT

Three oil and gas asset monetization transactions announced by Chesapeake Energy Corp. will result in proceeds of about $2.6 billion in cash.

SandRidge announces pricing of $750 million offering of senior notes -

Mon, 02 Apr 2012 00:00:00 EDT

SandRidge Energy Inc. announced April 2 the pricing of its private placement of $750 million of 8.125% senior notes due 2022.

Dining at Devon - The oil and gas company serves up a towerful of options

Wed, 28 Mar 2012 00:00:00 EDT

Ready for some Downtown dining unlike anything the city has seen before? Devon Energy Corp. plans to open a full-service restaurant and banquet space in the top two floors of its new 50-story office tower, in addition to an expansive food court in its adjoining garden wing.

Dining at Devon - The oil and gas company is serving up a pot full of options

Thu, 23 Feb 2012 00:00:00 EST

Devon Energy Corp. plans to open a full-service restaurant and banquet space in the top two floors of its 50-story office tower, in addition to a food court in its adjoining garden wing.

Devon reports 2011 earnings at $4.7 billion -

Wed, 15 Feb 2012 00:00:00 EST

Devon Energy Corp. reported for 2011 its net earnings bested 2010 by $100 million to end the year at $4.7 billion.

Chesapeake details its financial plan for 2012 - Company targets $10-12 billion in asset monetizations during the year

Mon, 13 Feb 2012 00:00:00 EST

Chesapeake Energy Corporation today provided details on its financial plan to fully fund the company’s anticipated capital expenditures during 2012 and provide additional liquidity for 2013. The company is also projecting that its rapidly increasing liquids production will enable it in 2014 to reach equilibrium between its cash flow from operations and its planned drilling and completion capital expenditures.

Oklahoma oil field services company acquired by Reservoir Group, Scotland - Warren & Christian, Inc. acquired by Empirica, the surface logging division of Reservoir Group, Scotland

Mon, 06 Feb 2012 00:00:00 EST

ClearRidge Capital, an Oklahoma Investment Banking firm, announces the acquisition of Oklahoma oil field services company, Warren & Christian Inc. by Reservoir Group’s surface logging division, Empirica.

Assets International opens Oklahoma office to expand mineral rights owners investigative services -

Thu, 02 Feb 2012 00:00:00 EST

Assets International, an asset recovery company specializing in locating missing heirs, mineral rights owners and other beneficiaries, is expanding its work in oil and gas in Oklahoma with the opening of a satellite office in Oklahoma City effective February 1, 2012.

Chesapeake is top Oklahoma company on annual Fortune list - For the fifth year, Chesapeake and Devon make the Best Companies to Work For list; American Fidelity makes ninth appearance

Thu, 19 Jan 2012 00:00:00 EST

Four Oklahoma companies – three based in Oklahoma City – made it on the Fortune 100 Best Companies to Work For list, a yearly compilation that seeks out employers around the country that go above and beyond for their employees.

SandRidge plans offering of stock in Mississippian Trust II - Oklahoma City-based oil and gas company will offer $500 million in common units; awaiting SEC approval.

Fri, 06 Jan 2012 00:00:00 EST

SandRidge Energy Inc. plans an initial offering of about $500 million in common units in its newly-formed Mississippian Trust II, according to filings with the U.S. Securities and Exchange Commission.

ONEOK to sell marketing subsidiary -

Fri, 02 Dec 2011 00:00:00 EST

ONEOK, Inc. today announced that it has entered into a definitive agreement to sell its subsidiary, ONEOK Energy Marketing Company, to Constellation Energy Group, Inc. for $22.5 million plus working capital.

SandRidge to sell East Texas assets -

Tue, 27 Sep 2011 00:00:00 EDT

SandRidge Energy Chairman and CEO Tom Ward announced Sept. 27 the company plans to sell certain East Texas natural gas properties to NFR Energy LLC for $231 million. It is a step toward SandRidge’s move from being an oil and natural gas company to focusing solely on oil.

Oklahoma gas prices drop -

Mon, 26 Sep 2011 00:00:00 EDT

Oklahoma’s gasoline price average has fallen 23 cents over the last 17 days, according to AAA Oklahoma. Today’s average price across the state for a gallon of self-serve regular is $3.341. This compares with a national average today of $3.493, down 17 cents since Sept. 9, 2011.

Devon celebrates topping out tower -

Wed, 21 Sep 2011 00:00:00 EDT

The Devon tower finally looks like the Devon tower. While still several months from completion, the steel frame of the building is in place – all the way to the top. Windows climb more than three-fourths of the way up the tower.

Chesapeake names subsidiary's management team -

Mon, 19 Sep 2011 00:00:00 EDT

Chesapeake Energy Corp. announced Sept. 19 the executive management team for its newly formed and wholly owned subsidiary, Chesapeake Oilfield Services LLC.

Chesapeake Energy Corporation and Oklahoma City Boathouse Foundation to christen Chesapeake Finish Line Tower -

Mon, 12 Sep 2011 00:00:00 EDT

Oklahomans will gather to welcome the newest iconic structure completed along the Oklahoma River as part of the growing Boathouse District – the four-story Chesapeake Finish Line Tower.