Acquisitions & Divestitures

Chesapeake Energy’s quarterly earnings call once again found company chairman and CEO Aubrey McClendon defending the company’s decisions to sell interest in portions of their acreage. “I think it’s pretty extraordinary that nobody really focuses on what these carries have done to our funding cost,” he said during the call when highlighting the company’s decision to sell interest and create drilling carries.

“Since Jan. 1, 2008, we have monetized approximately US$12.5 billion of assets that had a cost basis to us of $2.2 billion…Despite having delivered these results during some ...