You can email the site owner to let them know you were blocked. McClendon cofounded Chesapeake Energy in 1989 and turned it into the second-largest natural gas driller in the United States before he stepped down as chief executive in 2013. Aubrey Kerr McClendon was born on July 14, 1959, in Oklahoma City. Paco Balderrama. Please check your email for a confirmation. Walmart to giveaway free Walmart+ memberships to, States urge recall of Kia, Hyundai cars in social, 2 million sledgehammers recalled over detaching heads, Celebrate National Cold Brew Day on April 20 at Dunkin, Popular Bring Your Own Cup Day returns to 7-Eleven, McDonalds is making these 4 changes its to burgers, Dunkin adding seasonal drink to year-round menu, RECALL: A/V carts sold since 1980s have killed 3, Taco Bell bringing back discontinued item again, Target announces dates for 2023 car seat trade-in, Walmart closing multiple stores in 2023: Heres where. The company, founded by McClendon after he left Chesapeake, announced its plans to close this month. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Follow all of your favorite Oklahoma teams at Sooners Wire, OKC Thunder Wire and The Oklahoman! Under the deal, Chesapeake stopped its effort to collect undisclosed compensation and benefits previously paid to McClendon and agreed to pay $3.5 million for legal fees and other services. According to Scott Soshnick of Bloomberg, the estate's 22 percent stake in the team "is available," with the sale set to be run by Inner Circle Sports in New York. It says Turner was to receive 12 percent of that amount, Mueller and Blalock 6 percent, and 5 percent was to be placed in a pool for employee bonuses. from. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Aubrey McClendon, an Oklahoma wildcatter who helped pioneer the shale energy boom, died in a fiery car crash Wednesday, a day after he was indicted by a federal grand jury on charges of . McClendon, 56, crashed into a concrete bridge embankment at nearly 89 mph in March 2016, a day after being indicted by a grand jury. This website is using a security service to protect itself from online attacks. AEP did not return a request for comment. The fight over the Thunder stake sets the stage for a highly complex and contentious probate proceeding. An attorney for McClendon's widow and adult children did not return a call seeking comment. The coastal alliance and our active members and members organizations will remain ever vigilant in protecting the Saugatuck Dunes from inappropriate development.. Hoge said Blalocks two roles could be a potential conflict of interest. The cost of childcare has many families like mine living one or two paychecks from financial disaster, said Tiffany Nelms, a mother of 3. The largest is a $464.3 million claim by Williams Trust, National Association, for loans secured by McClendon. McClendon used his stake in the Thunder to secure a loan from Oaktree Capital Management, which filed a claim for $87 million. Owner's death puts $40M Saugatuck mansion in limbo - The Detroit News If youre thinking of altering your workout routine, youre probably looking for new exercises and equipment to help you reach your fitness goals. "If we have a reason to question a sale, because we don't think it's an arm's length fair market value sale we should have the right to come address that with the court," he said. Duke University said it has withdrawn a claim for about $10 million it made against the estate of oil man Aubrey McClendon, who died before he could make good on pledges the North Carolina college said he made to his alma mater. Bennett and the NBA did not immediately return requests for comment. This is an archived article and the information in the article may be outdated. "I don't say this with my club to say, 'We hate you and go away.' Meanwhile, despite it being listed for sale, efforts continue to protect rarer aspects of McClendons property. Besides the $3 million McClendon had in a cash account, the Thunder stake may be his most valuable asset, they said. Low oil and gas prices have pressured the value of many of his assets. Duke had filed a claim on the estate of Oklahoma oil tycoon Aubrey McClendon, a 1981 alumnus, saying he had not fulfilled $9.9 million in pledges before his death earlier this year.