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Tuesday, April 15, 2014

Former Chesapeake CEO McClendon Puts Out Call for Ohio Workers

From Columbus Business First:
McClendon, boss of one of the most aggressive oil and gas explorers in eastern Ohio’s Utica shale region, in March put up a billboard along Route 315 near Ohio State University that says in large letters, “NOW HIRING!” A towering rig is pictured next to the text, along with the name and logo of American Energy Utica LLC.
The message on the Clear Channel Outdoor-owned billboard is one of a recent spate of moves by the Oklahoma City-based company as it tries to make a mark in the oil and gas play first touted by its founder years ago.
It’s also unique because while Ohio’s oil and gas activity has  attracted almost $19 billion in investment, much of it is still centered in eastern Ohio, where the exploration and production actually occurs. A billboard right by the state’s biggest university, letting Ohio’s capital city know that a fledgling natural gas producer is hiring, shows that some of the ancillary activity, however minor, is trickling westward.
You can read more by clicking here.

McClendon certainly can't be accused by anyone of going small or resting on his laurels since leaving Chesapeake.  He's been every bit the mover and shaker he was while with his former company.

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