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daleharvey

daleharvey
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  • Chesapeake (CHK) will no longer be run by Aubrey McClendon, but the company he founded is far from rid of him. He is entitled to ~$47M in total compensation, but the most enduring entanglement is his interests in up to 2.5% of ~45K producing wells, which could make it harder to structure a takeover deal. "It's hard for me to imagine anyone wanting to take it all on," Argus' Phil Weiss says. [View news story]
    2.5% is not a controlling interest in a well. There are others with 97.5%. What are the issues?
    Jan 31, 2013. 04:20 PM | 1 Like Like |Link to Comment
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