Chesapeake Energy

Joe Wertz / StateImpact Oklahoma

Oil and gas firm Chesapeake Energy today started laying off hundreds of workers, a cost-cutting move concentrated on employees at the company's Oklahoma City headquarters.

Chesapeake is laying off roughly 13 percent of its workforce — about 400 people — across the company. In an email to employees, CEO Doug Lawler said layoffs were needed to reduce debt, enhance profit and improve the company's cash flow.

Joe Wertz / StateImpact Oklahoma

A federal judge on Tuesday moved to dismiss a lawsuit the Sierra Club filed against Oklahoma energy companies over earthquakes linked to oil and gas activity.

Oklahoma City-based Chesapeake Energy has been “named in several lawsuits alleging underpayment of royalties and defended cases in Arkansas, Louisiana, Ohio, Oklahoma, Pennsylvania and Texas,” the Journal Record’s Sarah Terry-Cobo reports.

Oklahoma oil and gas companies are asking a federal judge to dismiss a lawsuit filed by members of an environmental group that seeks to reduce production waste that could be fueling a spike in earthquakes.

Joe Wertz / StateImpact Oklahoma

The U.S. oil and gas industry was shocked last week week by the sudden death of one of its most influential executives. Aubrey McClendon was killed in a single-car crash, one day after being indicted on bid rigging and price fixing charges. He was the former CEO of Chesapeake Energy, a major producer now floundering under low oil and gas prices.

Dan Boyce of Here & Now contributor Inside Energy and KUNC explores whether Chesapeake’s cautionary tale contains glimmers of hope.

Attorneys representing a Colorado man who owns mineral rights in Oklahoma have filed a federal lawsuit Thursday against two large oil and gas companies.

The class-action lawsuit was filed against Chesapeake Energy and Sandridge Energy. It stems from a federal grand jury indictment Tuesday of former Chesapeake CEO Aubrey McClendon.

americanenergypartners.com

Oklahoma City police say Aubrey McClendon was killed in this morning's fatal car crash in northeast Oklahoma City.

McClendon was Chairman, Chief Executive Officer and Founder of American Energy Partners, LP. Previously, McClendon served as Chairman and Chief Executive Officer of Chesapeake Energy Corporation from 1989-2013. He was also a part-owner of the Oklahoma City Thunder.

The Oklahoma company Chesapeake Energy’s stock value plummeted Monday. Over the past year, the stock is down more than 90 percent.

Chesapeake is the second-largest natural gas extractor in the U.S. and a major employer in Oklahoma. Here & Now’s Jeremy Hobson talks with Brian Hardzinski of KGOU in Oklahoma City about how Chesapeake Energy’s struggles are affecting Oklahoma’s economy.

Joe Wertz / StateImpact Oklahoma

Pennsylvania Attorney General Kathleen Kane filed a lawsuit Wednesday against Chesapeake Energy, seeking millions of dollars for landowners who leased land to the Oklahoma City company, our partners at StateImpact Pennsylvania report.

From Marie Cusick:

Joe Wertz / StateImpact Oklahoma

Environmental groups are threatening to sue four Oklahoma energy companies over earthquakes linked to oil and gas activity. The groups say the companies’ waste fluid injection operations are violating federal pollution law.

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