ADVFN - Advanced Financial Network.
HOME» NYSE » C » CHK Stock Price » CHK Stock News

Chesapeake Share News

 Chesapeake Energy Corp. Stock Price
CHK Stock Price
 Chesapeake Energy Corp. Stock Chart
CHK Stock Chart
 Chesapeake Energy Corp. Stock News
CHK Stock News
 Chesapeake Energy Corp. Company Information
CHK Company Information
 Chesapeake Energy Corp. Stock Trades
CHK Stock Trades

Chesapeake Energy Settles with New York on Lease Renegotiations

By Ben Lefebvre Chesapeake Energy Corp. (CHK) will have to renegotiate more than 4,400 land leases in New York and pay $250,000 as part of a settlement with the state, the New York attorney general's office disclosed Thursday. The decision forces Chesapeake to allow other natural-gas producers to bid on certain leases Chesapeake holds that expire by Dec. 31, 2013. Chesapeake would then have to match the other bid price or give up the lease, according to the attorney general's office. The settlement stemmed from Chesapeake's previous attempts to hold on to leases past the original dates agreed to by landowners without renegotiating terms. Chesapeake argued that it could hold the leases until New York state's Department of Environmental Conservation completed a review on the effects of hydraulic fracturing, or fracking. Some environmental groups have contended that the chemicals used in fracking could leak into groundwater supplies. Chesapeake hasn't drilled on the land while the DEC worked on its review. The decision should have little effect on Chesapeake's earnings, analysts said. "Chesapeake was not drilling there, and I doubt they'd renew many of those leases," Jefferies & Co. analyst Biju Perincheril said. The Oklahoma City-based producer has been trying to limit its exposure to natural gas, prices of which have plummeted because of a wave of production. Natural gas traded at $2.425 a million British thermal units Thursday, up from a decade low of $1.90 in April. A Chesapeake spokesman wasn't immediately available. The agreement with New York's attorney general also requires Chesapeake to pay the state $250,000 as reimbursement for costs of the investigation. Write to Ben Lefebvre at ben.lefebvre@dowjones.com. Order free Annual Report for Chesapeake Energy Corp. Visit http://djnweurope.ar.wilink.com/?ticker=US1651671075 or call +44 (0)208 391 6028

Stock News for Chesapeake (CHK)
DateTimeHeadline
04/20/201616:01:00Chesapeake Energy Corporation Provides 2016 First Quarter Earnings...
04/12/201602:31:00Business Watch -- WSJ
04/11/201615:23:00Chesapeake Amends Credit Facility Agreement With Lenders -- Update
04/11/201611:05:00MARKET SNAPSHOT: Stocks Extend Gains As Oil Rallies Ahead Of...
04/11/201609:40:00Chesapeake Amends Credit Facility Agreement With Lenders
04/11/201609:25:00Chesapeake Amends Credit Facility Agreement With Lenders
04/11/201608:00:00Chesapeake Energy Corporation Announces Amendment To Revolving...
04/04/201620:02:00EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class...
04/04/201615:56:00Robbins Arroyo LLP: Chesapeake Energy Corporation (CHK) Misled...
03/29/201619:27:00Chesapeake CEO's 2015 Compensation Valued at $15.4 Million, Up...
03/15/201615:40:00MARKET SNAPSHOT: U.S. Stocks Pressured As Weak Oil Offsets Consumer...
03/15/201612:44:00MARKET SNAPSHOT: U.S. Stocks Pare Losses As Consumer Staples...
03/15/201610:44:00MARKET SNAPSHOT: U.S. Stocks Track Oil's Decline As Fed Meeting...
03/15/201609:14:00MARKET SNAPSHOT: U.S. Stock Futures Extend Losses After Mixed...
03/14/201617:45:00Investigation Into Aubrey McClendon Crash Finds High Speeds...
03/14/201616:02:00Investigation Into Aubrey McClendon Crash Finds High Speeds...
03/14/201615:55:00Investigation Into Aubrey McClendon Crash Finds High Speeds...
03/14/201615:48:00Investigation Into Aubrey McClendon Crash Finds High Speeds...
03/14/201615:40:00Aubrey McClendon Crashed at 78 Miles an Hour, Investigation Finds
03/14/201615:40:00Aubrey McClendon Crashed at 78 Miles an Hour, Investigation Finds--3rd...

Chesapeake Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad