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Chesapeake, ex-CEO fighting over Louisiana drilling program

theadvocate.com Published: January 23, 2014
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Nine months after being ousted at Chesapeake Energy Corp., former CEO Aubrey McClendon is fighting the company over its drilling program in northwest Louisiana’s Haynesville Shale, The Advocate newspaper reports.


McClendon’s Larchmont Resources LLC has asked the state Office of Conservation to approve 12 alternate-unit wells on four units — each around 640 acres — in Bossier Parish. Chesapeake already operates a well on each of those units. Larchmont says the current wells are leaving the bulk of the produceable natural gas in the ground.
Cheseapeake has asked the state to reject those applications, saying among other things that Chesapeake and the firms that own 80 percent or more of those leases don’t want Larchmont, which owns 2.5 percent, deciding when and where drilling will take place.

See this story on theadvocate.com