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Chesapeake Energy fined $2.1M for under reporting gas
2015-10-19 23:36:26| Oil & Gas - Topix.net
Chesapeake Energy Corp. has been fined $2.1 million for under reporting natural gas produced on Indian leases in Oklahoma. The Department of Interior's Office of Natural Resources Revenue Office in Denver said Monday it issued the civil penalty against the Oklahoma City-based company for failing to comply with an October 2011 order requiring it to review the amounts reported for more than 100 leases.
Tags: energy
gas
reporting
chesapeake
Don't Buy Chesapeake Energy Just Yet
2015-10-17 14:11:12| Energy - Topix.net
Due to persistent oversupply in the natural gas market, Chesapeake Energy shares have lost about 60% of their value in 2015. This is because an oversupply in the industry has led to weakness in natural gas prices, which in turn has negatively impacted Chesapeake's financial performance.
Tags: buy
yet
energy
chesapeake
Chesapeake Energy: Expect More Upside
2015-10-14 07:57:56| Oil & Gas - Topix.net
CHK has made an impressive comeback on the stock market in the past month despite persistent weakness in natural gas pricing, but investors should remain invested. CHK will benefit from higher natural gas prices as LNG exports from the U.S. gather steam, since this will reduce oversupply and give producers access to higher-priced markets.
Tags: energy
expect
chesapeake
upside
Chesapeake Energy Has The Liquidity It Needs
2015-10-13 06:20:33| Energy - Topix.net
Lackluster energy prices are forcing Chesapeake Energy to lay off 740 workers, equal to 15% of its workforce, as it continues its cost cutting crusade. Chesapeake Energy's $4 billion revolving credit facility's borrowing base was reaffirmed but with new covenants as it became secured.
Tags: needs
energy
chesapeake
liquidity
Chesapeake Energy lays off 740 workers companywide
2015-09-30 02:40:30| Energy - Topix.net
" Citing low energy prices, Chesapeake Energy Corp. said Tuesday it was laying off 740 employees, most of them at its Oklahoma City headquarters, after the company reported a second-quarter loss of more than $4 billion in August. The company said the layoffs represent about 15 percent of its workforce, cuts that will hit hardest at the company's Oklahoma City office, where more than 560 people lost their jobs.
Tags: energy
workers
chesapeake
lays
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