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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
07/14/201616:00:00Chesapeake Energy Corporation Provides 2016 Second Quarter Earnings...
07/12/201613:40:00Permian Resources Draws Strong Interest From Debt Investors
07/08/201613:24:00Dick's Sporting Goods Seeks Court Approval to Buy Sports Authority...
07/01/201616:35:00North Texas Royalty Buyers and Investors Sue Chesapeake Energy...
06/26/201620:40:00Williams Cos. Fights to Save Deal
06/08/201613:44:00Crash That Killed Aubrey McClendon Was Accident -- 2nd Update
06/08/201613:05:00Crash That Killed Aubrey McClendon Was Accident -- Update
06/08/201613:00:00Crash That Killed Aubrey McClendon Was Accident
06/08/201612:35:00Crash That Killed Aubrey McClendon Was Accident
06/07/201614:30:00Seventy Seven Energy Files for Bankruptcy
05/18/201621:57:00American Energy Partners LP to Shut Down -- Update
05/16/201618:55:00SandRidge Energy Files for Bankruptcy Protection -- 2nd Update
05/16/201615:08:00SandRidge Energy Files for Bankruptcy Protection -- 2nd Update
05/12/201616:27:00Chesapeake Swaps Debt for Stock -- Update
05/12/201610:30:00Chesapeake Swaps Debt for Stock
05/12/201610:15:00Chesapeake Energy Swaps Debt for Stock
05/06/201603:03:00Energy Producer Narrows Its Loss -- WSJ
05/05/201610:10:00Chesapeake Energy Loss Narrows
05/05/201609:58:00Chesapeake Energy Loss Narrows; to Sell Some Assets
05/05/201608:18:00Newfield to acquire an additional 42,000 net acres in STACK

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