Chesapeake Energy Corp announced selling a portion of its oil and gas holdings in southern Texas and Northern Louisiana.
Tags: Chesapeake Energy
Top US Natural Gas Producer Chesapeake Energy Starts Laying Off Employees After Its Divestment of Eagle Ford Assets
Chesapeake Energy, a leading natural gas producer in the United States, has started laying off employees this week.
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The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index ticked lower, weighed by Disney's largest daily drop in almost seven years.
Dow, S&P end at records in fourth straight day of gains for Wall Street
U.S. stocks rose for a fourth straight session on Monday, with both the Dow and S&P 500 ending at records as large-cap technology shares gained and offset continued weakness in energy names.
Chesapeake cuts 10% of job
Under its new CEO Doug Lawler, Chesapeake Energy Corp had cut down around 1200 jobs to reduce company spending and lift profit.
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McClendon, after his exit from Chesapeake Energy, is now undertaking a new venture, American Energy Partners.
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