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Chesapeake Energy Ordered to Pay $100 Million to Complete Texas Lease Sale -Report

A federal judge in Texas Tuesday ordered Chesapeake Energy Corp. (CHK) to pay $100 million to make good on three executed purchase and sale agreements the Oklahoma City oil and gas company aborted in 2008, the Daily Oklahoman reported Thursday on its website. U.S. District Judge Gray H. Miller ordered Chesapeake to make the payment for the leasehold, located in the Haynesville Shale in eastern Texas. Preston Exploration Co. and three other leaseholders had sued Chesapeake after the failed closing. Chesapeake, court filings show, had offered $99 million for the leases, but later refused to attend the scheduled closing after raising concerns about titles for some of the land. A spokesman for Chesapeake said the company would appeal the judge's ruling. Full story at: http://newsok.com/judge-orders-chesapeake-to-pay-100-million-to-complete-texas-lease-sale/article/3691652 Write to nymonitoring@dowjones.com

Stock News for Chesapeake (CHK)
DateTimeHeadline
09/18/201408:20:35Magnolia Shares Fall After Unveiling Cummings 2nd Half Well Output...
07/14/201418:23:21U.S. Hot Stocks: Hot Stocks to Watch
06/12/201416:43:41MARKET SNAPSHOT: U.S. Stocks Fall; S&P 500 Down For Third Day
06/12/201414:52:18MARKET SNAPSHOT: U.S. Stocks Fall; Dow In Triple-digit Decline
06/12/201410:29:47MARKET SNAPSHOT: U.S. Stocks Edge Lower; Energy Sector Rallies
06/11/201419:14:44Aubrey McClendon Launches His Post-Chesapeake Comeback
05/28/201420:22:36Oklahoma Governor Signs Bill Raising Energy-Output Tax
05/20/201422:02:19Companies Bet Exposing Hacks Will Help
05/12/201417:58:12Oil Man George Kaiser Proposes Increase in Oklahoma Oil-and-Gas...
05/07/201420:12:46SEC Ends Investigation of Chesapeake Energy Ex-CEO Aubrey McClendon...
05/07/201408:30:12Chesapeake Energy Profit Soars
05/07/201408:04:10Chesapeake Energy Profit Soars, Revenue Jumps 47%
03/05/201421:19:31Chesapeake, Encana Charged With Antitrust Violations -- Update
03/05/201419:10:11Chesapeake, Encana Charged With Antitrust Violations
02/28/201410:01:30Chesapeake Energy to Sell $520 Million in Assets to Exterran...
02/26/201415:57:27Chesapeake Energy Swings to Loss -- Update
02/24/201405:47:09MARKET SNAPSHOT: U.S. Stock Market Is Starting To Ride A Tech...
02/24/201401:57:46Chesapeake Energy Seeks to Spin Off or Sell Oilfield Services...
02/07/201403:07:56Magnolia Petroleum gets Increased Density, Infill Drilling Proposals
02/06/201412:21:56Chesapeake Energy Predicts 2014 Capex Decline

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