OKLAHOMA CITY (AP) — Oklahoma City-based Chesapeake Energy Corp. is suing its founder and former CEO Aubrey McClendon and his new company for allegedly taking sensitive trade secrets when he resigned from Chesapeake two years ago.
McClendon and his new company — American Energy Partners — call the allegation meritless and say McClendon left Chesapeake with an agreement that he would receive "extensive" information on land, wells and other matters.
Aubrey McClendon’s American Energy Partners will combine its operations in the Marcellus Shale and Utica Shale under the name American Energy Appalachia Holdings in an all-stock deal, the company said, according to The Wall Street Journal.
John Raymond’s Energy & Minerals group has invested some $3.2 billion in companies set up by former Chesapeake CEO Aubrey McClendon, but retains an unusual level of control over decision-making, The Wall Street Journal reports.
American Energy, led by ex-Chesapeake Energy CEO Aubrey McClendon, is to buy 14,000 acres in West Texas from Tall City Exploration for $440 million, a move that would double the company’s footprint in the Permian Basin, FuelFix reports.
The Securities and Exchange Commission investigation into former Chesapeake CEO Aubrey McClendon has wrapped up with no recommendation made for any action to be taken, the company reported Wednesday, according to Reuters.
A subsidiary of American Energy Partners, the company run by shale pioneer Aubrey McClendon, is renting seven rigs from his former firm Chesapeake Energy to drill for gas in the Utica Shale, Bloomberg reports.
Chesapeake Energy Corp. chairman Archie Dunham is continuing to buy large quantities of the company's shares despite its recent troubles, with the company reporting that he spent $1.4 million buying more last week, The Wall Street Journal reports.
Senate Environment and Public Works Committee Chair Sen. Jim Inhofe, R-Okla., along with five other GOP colleagues, says the White House proposal requiring agencies to consider climate change impacts on projects is illegal, The Hill reports.
Amid reports that Florida has barred officials from using the phrase “climate change” in documents -- an allegation that's been denied by Republican Gov. Rick Scott -- Sen. Bill Nelson, D-Fla., has offered legislation to ensure that federal employees are able to do so, The Hill reports.
Platt's reports that Wisconsin's Public Service Commission has endorsed a high-voltage transmission line that critics said protects the utility industry while discouraging distributed power generation.
Under a deal hammered out between Gov. Bruce Rauner, R-Ill., and state House Speaker Michael Madigan, $98 million out of almost $130 million collected from utility customers to fund renewable energy projects will instead be used to reduce the state’s budget deficit, Crain’s Chicago Business reports.
Efforts by the U.S. and European countries to cut subsidies for building new coal-fired plants in developing countries are being opposed by the government of Australian Prime Minister Tony Abbott, The Sydney Morning Herald reports.
President Obama will request the resignation of Rafael Moure-Eraso, head of the U.S. Chemical Safety Board -- three months before his term is set to finish -- after lawmakers from both parties urged the White House to take the step, an aide to the House Science Committee told National Journal.
A revived Department of Energy program to provide loans to promote fuel efficient vehicles will give Alcoa $259 million to expand a Tennessee sheet metal factory that supplies the auto industry, The Wall Street Journal reports.