Chesapeake Energy

Joe Wertz / StateImpact Oklahoma

More than 500 Oklahoma employees of Chesapeake Energy are out of a job following the latest layoffs Sept. 29th, as oil prices stay below $50 a barrel. Gasoline is cheap, but that relief at the pump can fuel widespread worry about Oklahoma’s oil and gas-reliant economy.

Katsrcool / Flickr

Executives at Chesapeake Energy, Continental Resources and Devon Energy have proposed a plan for Oklahoma’s taxes on oil and natural gas production.

The proposal comes as legislators are debating state oil and gas taxes, which include an incentive for horizontal drilling that expires next year. The Oklahoman‘s Adam Wilmoth reports:

Chesapeake Energy CEO In Hot Seat Today

Jun 8, 2012

The NBA finals aren't the only big news in Oklahoma City.

This morning, shareholders of Chesapeake Energy, the natural gas driller at the center of the nation's hydraulic fracturing controversies, are meeting in Oklahoma City, where the company is headquartered. But the buzz at this gathering won't be about fracking or basketball. It will be about Aubrey McClendon, Chesapeake's controversial CEO.