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SandRidge Energy Inc's board of directors removed the energy company's founder and chief executive, Tom Ward, on Wednesday after a months-long struggle with activist investors who accused him of strategic mistakes and self-dealing at the expense of shareholders.Ward, who was also under fire for his high pay, will receive a severance payment of more than $90 million in cash and stock.The oil and gas company's board named its president, James Bennett, to replace Ward as CEO, citing a need for new leadership. Jeffrey Serota, a private equity executive at Ares Management, has been named interim nonexecutive chairman of the company, which is currently worth around $2.5 billion.Ward's termination at SandRidge follows the departure of Aubrey McClendon as chief executive at another Oklahoma City energy company, Chesapeake Energy Corp . The two men, who both faced allegations of governance problems at their companies, founded Chesapeake together in 1989.The SandRidge board said on Wednesday its...
Chesapeake Energy (NYSE:CHK) said Monday its board selected Robert Lawler to serve as chief executive of the nation's second-largest producer of natural gas.Lawler, ...
Chesapeake Energy Corp. has chosen Robert Douglas Lawler, a top executive at rival oil-and-gas company Anadarko , as chief executive, the Wall Street Journal reporte...
Chesapeake Energy Corp has hired Robert Douglas Lawler of rival Anadarko Petroleum Corp as chief executive, filling the post vacated by co-founder Aubrey McClendon, ...
For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. Production surged far faster than any forecasts; drillers raced t...
U.S. hopes for a new shale oil bonanza in Ohio, joining the prolific Bakken and Eagle Ford plays that have raised production to 20-year highs, were shattered on Thur...
Apache Corp. (APA) said it would seek to sell $4 billion in assets this year, doubling its divestiture program as the U.S. oil and gas company tries to pay down debt...
MarkWest Energy Partners LP (MWE) swung to a first-quarter loss as the natural-gas processor was dragged down by a loss on redemption of debt and higher operating co...
Chesapeake Energy Corp. (CHK) said a judge has allowed the natural-gas company to buy back $1.3 billion of senior notes maturing in 2019 at face value, over the prot...
A federal judge on Wednesday ruled in favor of Chesapeake Energy Corp in a dispute with Bank of New York Mellon Corp over the natural gas company's effort to buy bac...
Southeastern Asset Management Inc. and investor Carl Icahn are talking about teaming up to nominate directors to the Dell Inc. board as part of an effort to derail t...
Energy stoc ks may be the right fuel for your portfolio this year.Despite a lackluster showing last year, the sector is undervalued, is paying handsome dividends and...
Chesapeake Energy Corp said on Friday that director Louis Simpson has resigned from the U.S. oil and gas company's board of directors and he will be replaced by an e...
Chesapeake Energy Corp on Monday named as chief compliance officer a lawyer the oil and gas company had previously hired to respond to an investigation by the Securi...
Biltmore Capital Advisors CIO Tyler Vernon and Zacks.com Senior Equities Strategist Jared Levy on how investors can boost their portfolios.
Forest Laboratories Inc said on Tuesday it will add a representative of Carl Icahn as an independent member to its board, averting a new proxy battle with the billio...
Devon Energy Corp's latest bid to revive interest in its stock may take a page out of the activist investors' playbook, but Wall Street continues to look elsewhere f...
FBN’s Rich Edson on the corporate and individual donations to the tornado relief efforts in Oklahoma.
Magnolia Petroleum PLC (MAGP.LN), a U.S. onshore focused oil and gas exploration and production company, Tuesday said it is participating in eleven wells in Oklahoma...
FBN's Jo Ling Kent breaks down afternoon market news.
