Chesapeake Energy CEO tells employees 'staffing adjustments' likely to follow review process
By ADAM WILMOTH NewsOK.com on Sep 18, 2013, at 2:25 AM Updated on 9/18/13 at 3:40 AM
Energy
President Barack Obama's nominee to be the nation's top energy regulator came under sharp questioning Tuesday from lawmakers concerned that he may be opposed to coal and natural gas.
While TransCanada's Keystone XL oil sands pipeline is a key point in the debate on climate change and fossil fuels, a 36-inch pipeline delivering essentially the same type of heavy Canadian crude will be making its way through Oklahoma without a presidential stamp.
OKLAHOMA CITY - Chesapeake Energy Corp. CEO Doug Lawler acknowledged Tuesday what many employees have feared.
"Future staffing adjustments will likely be necessary to properly align resources and improve our overall operating and competitive performance," Lawler said in an internal email to employees of Oklahoma City-based Chesapeake.
In the email, Lawler said the company is working to continue its focus on financial discipline and that a "comprehensive review of all areas of our business is under way."
"While Chesapeake is a strong and resilient organization that reflects our incredibly talented employees, we must adapt our organizational structure to become a sustainable, profitable company in the energy sector," Lawler said in the email.
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awilmoth@opubco.com
Original Print Headline: Chesapeake CEO tells workers of 'likely' cuts
Energy
President Barack Obama's nominee to be the nation's top energy regulator came under sharp questioning Tuesday from lawmakers concerned that he may be opposed to coal and natural gas.
While TransCanada's Keystone XL oil sands pipeline is a key point in the debate on climate change and fossil fuels, a 36-inch pipeline delivering essentially the same type of heavy Canadian crude will be making its way through Oklahoma without a presidential stamp.
