Newspaper article THE JOURNAL RECORD

The Century Club: Aubrey K. McClendon

Newspaper article THE JOURNAL RECORD

The Century Club: Aubrey K. McClendon

Article excerpt

With a vision for the future, Aubrey K. McClendon has led one of the most prosperous companies in the state, making a positive impact not only on the oil and gas industry and the economy but also on the quality of life of many Oklahomans.

A native of Oklahoma City, McClendon was born in 1959. He attended Belle Isle Elementary School and Heritage Hall Middle and Upper School.

He attended and graduated from Duke University in 1981 and began his career in the oil and natural gas business as a landman for his uncle, Aubrey M. Kerr.

Then, in 1983, McClendon found himself vying for the same oil and gas leases as Tom Ward near Will Rogers World Airport. They soon realized they could be more successful if they joined forces.

On a handshake, the two founded Chesapeake Energy Corp. in Oklahoma City in 1989 and went public in 1993. It began with an initial capital of $50,000 and fewer than 10 employees.

For 24 years, Ward and McClendon worked side-by-side, developing Chesapeake into the third-largest independent producer of natural gas in the country and the most active driller of new wells.

The company's operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Mid-Continent, Permian Basin, South Texas, Texas Gulf Coast, Barnett Shale, Ark-La-Tex and Appalachian Basin regions of the United States. …

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