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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
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...

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