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Retooling Chesapeake

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Steve Toon, Hart Energy
March 12, 2014

Robert Douglas ("Doug") Lawler has the distinction of being the second CEO in the 25-year history of Chesapeake Energy Corp. (NYSE: CHK), a revolutionary unconventional E&P company with an enterprise value of $30 billion, and the second-largest producer of natural gas in the U.S. behind ExxonMobil Corp. (NYSE: XOM) The Oklahoma City-based company holds enormous acreage positions in most of the U.S.’ premiere onshore tight resource plays, amassed over the past decade through aggressive land grabs as the shale revolution unfolded.

But the company became mired in heavy debt with ...


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