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Apr 9, 2013

Texas college student wounds 14 in stabbing spree

HOUSTON (Reuters) – A male student went on a stabbing spree at a community college in northwest Houston on Tuesday, injuring at least 14 people, two of them critically, Harris County Sheriff Adrian Garcia said. The campus was sealed off.

Garcia said at a press conference that an emergency call came in at 11:12 a.m. local time: “Male on the loose stabbing people.”

Apr 1, 2013

Chesapeake Energy will be on budget this year: CEO

HOUSTON (Reuters) – Chesapeake Energy Corp (CHK.N: Quote, Profile, Research, Stock Buzz) is on track to stay within its budget for the year, Steve Dixon, the natural gas company’s newly appointed interim chief executive officer, said on Monday.

Dixon, seeking to reassure investors following the departure of CEO Aubrey McClendon, said on a conference call that he had “tremendous confidence” that Chesapeake’s spending would not exceed the company’s planned drilling budget of about $6 billion.

Mar 28, 2013

Exclusive: Chesapeake CEO search extends beyond deadline – source

HOUSTON (Reuters) – Chesapeake Energy Corp’s (CHK.N: Quote, Profile, Research, Stock Buzz) search for a new chief executive to replace Aubrey McClendon is likely to extend beyond an April 1 deadline, according to a person familiar with the situation.

McClendon is expected to step down on Monday even if a successor has not been named, leaving Chief Operating Officer Steve Dixon and Chairman Archie Dunham to lead the U.S. oil and gas company in the interim, the source said.

Mar 28, 2013

Chesapeake CEO search extends beyond deadline-source

HOUSTON, March 28 (Reuters) – Chesapeake Energy Corp’s
search for a new chief executive to replace Aubrey
McClendon is likely to extend beyond an April 1 deadline,
according to a person familiar with the situation.

McClendon is expected to step down on Monday even if a
successor has not been named, leaving Chief Operating Officer
Steve Dixon and Chairman Archie Dunham to lead the U.S. oil and
gas company in the interim, the source said.

Mar 13, 2013

SandRidge strikes deal that could lead to CEO’s removal

March 13 (Reuters) – SandRidge Energy Inc and
activist hedge fund TPG-Axon Capital struck a deal on Wednesday
that could lead to the removal of the oil and gas company’s
chief executive, Tom Ward, SandRidge said.

The company has been under fire since last year from
TPG-Axon and another hedge fund for governance lapses and
strategic missteps. TPG-Axon, which owns 7.3 percent of
SandRidge, launched a campaign to oust Ward and the company’s
entire board of directors.

Mar 1, 2013

SEC steps up probe of Chesapeake, CEO McClendon

March 1 (Reuters) – The U.S. Securities and Exchange
Commission has escalated its investigation into Chesapeake
Energy Corp and Chief Executive Aubrey McClendon for a
controversial perk that granted him a share in each of the
natural gas producer’s wells.

The investigation, disclosed on Friday by Chesapeake in an
SEC filing, comes nine days after it said an internal probe of
the well program and McClendon’s finances revealed no
“intentional” wrongdoing by the executive.

Feb 21, 2013

Chesapeake fourth quarter profit tops Street, shares rise

By Anna Driver

(Reuters) – Chesapeake Energy Corp (CHK.N: Quote, Profile, Research, Stock Buzz) reported fourth-quarter profit that topped Wall Street estimates on Thursday, helped by lower-than-expected expenses and more profitable oil production.

Shares of Chesapeake rose nearly 2 percent to $20.60 before the start of regular trading.

Feb 21, 2013

Chesapeake 4th-qtr profit tops Street, shares rise

Feb 21 (Reuters) – Chesapeake Energy Corp reported
fourth-quarter profit that topped Wall Street estimates on
Thursday, helped by lower-than-expected expenses and more
profitable oil production.

Shares of Chesapeake rose nearly 2 percent to $20.60 before
the start of regular trading.

Feb 20, 2013

Chesapeake probe finds no intentional CEO misconduct

By Anna Driver and Brian Grow

(Reuters) – Chesapeake Energy Corp said on Wednesday its internal probe of the financial dealings of outgoing chief executive Aubrey McClendon found no “intentional” wrongdoing.

The company did not say how it had reached its conclusions and did not release a full report of its investigation. Despite Chesapeake’s internal findings, state and federal investigations of the company continue.

Feb 14, 2013

Expenses, prices hit Apache’s fourth-quarter profit

Feb 14 (Reuters) – Apache Corp’s fourth-quarter
profit fell short of expectations as expenses rose on labor and
maintenance costs, and the company’s 2013 oil and natural gas
production outlook also disappointed.

The results marked Apache’s fourth consecutive earnings
miss, and its shares fell nearly 5 percent on Thursday.

    • About Anna

      "I currently cover large U.S. oil and gas companies including Exxon Mobil and ConocoPhillips as part of the equities desk's Raw Materials Team. I am based in Houston, Texas."
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