McClendon Breaks His Silence, Confirms Chesapeake Plan to Sell Assets

• Logan Layden
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  Logan Layden is a reporter and managing editor for StateImpact Oklahoma. He is a native of McAlester, Oklahoma and graduated from the University of Oklahoma in 2009. Logan spent three years as a state capitol reporter and local host of All Things Considered for NPR member station KGOU in Norman and six years as a reporter with StateImpact from 2011 to 2017. Most recently, he was news director for McAlester Radio before returning to public radio in 2020.

Chesapeake Energy CEO Aubrey McClendon spoke at a Barclays Plc-sponsored energy meeting in New York on Thursday. It’s the first time he’s spoken publicly in months following the controversy surrounding his personal finances.

McClendon was all business at the meeting, where he again confirmed plans for Chesapeake to sell billions of dollars in assets as the company shifts from natural gas to liquids, like oil, Adam Wilmoth with NewsOK reports.

“The question isn’t: Can you make money drilling a gas well in the Barnett or Haynesville at $4?” McClendon says. “The question is: What else can you do with the money? I think we can make more with oil.”