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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
07/28/201516:00:00Lonestar Announces Joint Development Agreement With IOG Capital
07/21/201510:20:08Chesapeake Energy to Drop Dividend
07/21/201510:05:56Chesapeake to Eliminate Dividend to Pay for Capital Spending
07/21/201507:01:00Chesapeake Energy Corporation Updates Financial Strategy
07/11/201510:30:03Why Chesapeake Energy, Clean Energy Fuels, and Legacy Reserves...
07/11/201507:11:033 Types of Risks Facing Natural Gas Stocks
07/10/201517:09:17Judge Orders Chesapeake to Pay $379.7 Million in Bond-Redemption...
06/12/201516:27:443 Stocks to Watch in Oil Rigs
06/05/201513:04:02How Energy Companies Are Raising Cash In A Pinch
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05/29/201516:03:025 Best Stocks to Invest in the Shale Boom
05/20/201518:32:02Why EOG Resources Is a Buy Amidst Oil Carnage
05/20/201512:15:10What Is the S&P 500 Index?
05/15/201522:41:08
05/15/201521:10:47Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/15/201516:21:53Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/15/201515:53:14Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/12/201516:57:35Aubrey McClendon's American Energy Partners Seeks Capital for...
05/11/201511:40:11Icahn Enterprises Reports Profit
05/11/201510:03:023 Fossil Fuel Stock Fails

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