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Tag Archives: Chesapeake energy

US Justice Department investigating Chesapeake Energy

OKLAHOMA CITY (AP) — The U.S. Department of Justice has opened an investigation into possible antitrust violations by Chesapeake Energy Corp. The Journal Record reports (http://bit.ly/2dwWCJ5 ) the agency has subpoenaed documents related to how the driller pays royalty owners and accounts for oil and gas reserves. Chesapeake disclosed the subpoena Thursday in a regulatory filing with the U.S. Securities ...

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Oklahoma City energy company files for bankruptcy protection

OKLAHOMA CITY (AP) — An Oklahoma City-based oil-field services company has filed for Chapter 11 bankruptcy protection as it aims to eliminate more than $1 billion in debt. Seventy Seven Energy Inc. announced Tuesday that it filed for bankruptcy protection in federal court in Delaware. The company, which was spun off in 2014 from Chesapeake Energy Corp., says it expects ...

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Police: Not enough evidence to prove Chesapeake CEO’s death intentional

OKLAHOMA CITY (AP) — Investigators did not find enough evidence to prove whether a vehicle crash that killed prominent businessman Aubrey McClendon the day after he was indicted by a grand jury was intentional or not, the Oklahoma City Police Department said Tuesday. Police spokesman Capt. Paco Balderrama told The Associated Press that investigators have ruled out homicide, but could ...

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Chesapeake reports better-than-expected results

Chesapeake

OKLAHOMA CITY (AP) — Chesapeake Energy, the nation’s second largest natural gas driller, reported narrowed first-quarter losses Thursday and a $470 million sale of assets that could provide the company with a little more breathing room after nearly a decade of declining prices. Shares jumped 7 percent in early trading, as did shares of other major players in the sector, ...

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Chesapeake Energy maintains $4 billion credit facility

NEW YORK (AP) — Shares of Chesapeake Energy soared Monday, after the natural gas producer said it was able to amend terms with its lenders and maintain a revolving credit facility at $4 billion. A revolving credit facility allows companies to withdraw money from lenders when needed. In a research note Monday, Citi Research analyst Marisa Moss said the amended ...

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Police: Gas pedal floored before McClendon crashed SUV

Police: Gas pedal floored before McClendon crashed at 78 mph

OKLAHOMA CITY (AP) — Chesapeake Energy founder Aubrey McClendon had the gas pedal floored in his SUV moments before it slammed into a bridge support at 78 mph earlier this month, police said Monday. McClendon tapped his brakes multiple times before impact, but not enough to slow his vehicle significantly, Oklahoma City Police Chief Bill Citty said at a news ...

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Energy companies pull back in early trading

Energy companies pull back in early trading

NEW YORK (AP) — Stocks are pulling back in early trading, led by declines in materials and energy companies. Chesapeake Energy and Southwestern Energy each fell 9 percent in the first minutes of trading Tuesday. Hamburger chain Shake Shack dropped 8 percent after delivering results and an outlook that disappointed investors. Traders were also discouraged by weak trade figures from ...

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Stock market posts meager gains, crude jumps to near $38

flags, wall street, crude oil price

NEW YORK (AP) — U.S. stocks are closing mostly higher on Wall Street as another jump in the price of crude oil brought energy companies back in favor. Murphy Oil soared 13 percent Monday, Southwestern Energy rose 10 percent and Chesapeake Energy rose 3 percent. Technology stocks were weak. Chipmaker Micron Technology fell 2.5 percent. The Dow Jones industrial average ...

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