CNBC is reporting that Chesapeake has been laying off workers as its new CEO reorganizes the company, and an Oklahoma City television station said as many as 2,000 jobs could be cut. It said the company has about 12,000 employees. CNBC said it obtained a memo to employees from Chesapeake CEO Doug Lawler that said his executive team was "actively working to align our organization structure with Chesapeake's new strategies of financial discipline and profitable and efficient growth." In a statement to CNBC and KFOR TV, Chesapeake said it is "making adjustments to its organization," and reiterated the message in Lawler's memo of profitability and discipline.
Chesapeake officials weren't immediately available to comment on how the company's Barnett Shale operation could be affected. The company has a large regional operations office in Fort Worth, and as of the end of 2012 reported 500 employees in the Barnett area. The only officially disclosed layoffs in the Barnett came in June 2012, when Chesapeake cut 70 jobs. The company said at the time that it had about 700 employees in the area after the cuts. Its headcount was reduced by about 160 later that year when it sold its midstream operation to Global Infrastructure Partners.
-- Jim Fuquay