McClendon Breaks His Silence, Confirms Chesapeake Plan to Sell Assets
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.”