Karen Mosbacher

Karen Mosbacher News: Looking for the Future, February 11, 2021 - Joy Reed Belt

Looking for the Future

February 11, 2021 - Joy Reed Belt

The headline in Wednesday’s Oklahoman got my attention, “Chesapeake Looks to Future.” The article presented a brief review of the origin and history of Chesapeake Energy, founded in the 1980’s by two young men, Aubrey McClendon and Tom Ward. The article mentioned that Chesapeake became a nationally recognized energy company and was a primary influence on the future growth and development of Oklahoma City. The complexity and diversity of Chesapeake’s business dealings were also covered, as well as the untimely death of Aubrey and the subsequent decline of the company. Through what appears to be thoughtful stewardship of the current president and administrative team, it was reported that the company has survived bankruptcy and subsequent restructuring, able to retain several core assets, and is moving forward as a much different company.