Chesapeake Energy News

In a letter released to Chesapeake Energy shareholders this week state Comptroller Thomas P. DiNapoli urged his fellow shareholders to withhold their votes for directors V. Burns Hargis and Richard K. Davidson at the company's annual meeting Friday.

A single Chesapeake Energy well in Wetzel County produced 1.05 billion cubic feet of natural gas and 349 barrels of oil in 2011, according to the West Virginia Department of Environmental Protection.

Exxon's plans to build a multi-billion dollar chemical plant in Texas may help it compete against its rival Dow Chemical .

The First Trust Energy AlphaDEX Fund ETF is seeing unusually high volume in afternoon trading Friday, with over 176,000 shares traded versus three month average volume of about 47,000. Shares of FXN were down about 3.1% on the day.

Chesapeake Energy Corp said it has found "significant" oil and natural gas reserves in parts of the Anadarko Basin in the Texas Panhandle and western Oklahoma.

Chesapeake Energy believes every acre of its oil and liquids-rich Utica Shale play is worth $13,000 to $17,000, amounts that are significantly greater than most drillers are paying mineral owners to lease local land.

Chesapeake Energy pushed the Basic Materials sector lower today making it today's featured Basic Materials loser.

Some companies in the oil and gas industry aren't hiring as many workers locally because local programs aren't up to par on the type of skills bigger companies need, according to the Jefferson County Community Action Council.

A southwestern Pennsylvania couple says Chesapeake Energy Corp. wrongly tried to extend a gas drilling lease for terms well below current market values.

Oil continues to get hammered, and the commodity arena in general. It is hard to justify being 100% invested at this time, unless it was capital being deployed as long-term - but even then we would hesitate as we think better prices lie ahead.

Chesapeake Energy Corp. must sell at least $7 billion in assets this year to avoid a credit downgrade and a breach of debt covenants, Moody's Investors Service said Thursday.

The first formally proposed full route of the downtown Oklahoma City modern streetcar has arrived now that the locations of other MAPS 3 projects are known.

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The appointment of former politicians to large public companies' boards is regularly called into question.

JPMorgan Chase & Co. : Sources report to Bloomberg that the JP Morgan Chase unit that caused the loss of at least $2B in credit derivatives had been valuing some of its trades at prices divergent form those of its investment bank.

Natural gas has had a turbulent time in recent weeks: the price of natural gas and by extension United States Natural Gas has tumbled down during the week after NG had spiked between mid April and mid May.

In a form filed with the Securities and Exchange Commission, Icahn says he will nominate former Merrill Lynch biotechnology analyst Eric Ende for a spot on the board.

Chesapeake Energy needs cash to close its $9 billion to $10 billion funding deficit, and will meet with several of its prime lenders later in the week, according to Reuters .

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Chesapeake Energy Corp.'s depressed valuation is making the company a potential target for acquirers willing to bet that natural-gas prices will rebound from a decade low.