Chesapeake Energy Corporation Names Patrick Craine Chief Compliance Officer
Chesapeake Energy Corporation (NYSE:CHK) today announced that Patrick K.
Craine, a partner with the law firm Bracewell & Giuliani LLP, will join
Chesapeake as Chief Compliance Officer. In this capacity, he will report
to Chesapeake′s General Counsel, Jim Webb, and the Audit Committee of
the Company′s Board of Directors.
Doug Lawler, Chesapeake′s Chief Executive Officer, commented, 'I want to
thank Steve Dixon for leading the initiative to bring Patrick on board
to augment our company-wide compliance efforts. Our senior leadership
team and Board of Directors are committed to further enhancing the
effectiveness of our regulatory and legal compliance and I look forward
to working with Patrick in this important area.?
Jim Webb added, 'Patrick′s exceptional service as a federal enforcement
attorney, combined with his years in private practice and familiarity
with the oil & gas industry, have prepared him well to serve as our
Chief Compliance Officer. He brings a wealth of regulatory experience to
Chesapeake′s talented team of compliance professionals and we believe
Patrick′s leadership will be invaluable as we move forward.?
At Bracewell & Giuliani, Craine was a partner in the firm′s White Collar
Defense, Internal Investigations, and Regulatory Enforcement practice
and counseled companies, boards, committees, officers, and directors in
regulatory and compliance matters. Mr. Craine has also led numerous
independent investigations for publicly traded companies. Before
entering private practice, he served as an enforcement attorney with the
U.S. Securities and Exchange Commission (SEC) and the Financial Industry
Regulatory Authority (FINRA). Mr. Craine was also actively involved in
the SEC′s and FINRA′s Oil and Gas Task Forces.
Mr. Craine received his Juris Doctor, cum laude, from the Southern
Methodist University Dedman School of Law and his Bachelor of Arts
degree from Wabash College, from which he graduated summa cum laude and
Phi Beta Kappa.
Chesapeake Energy Corporation (NYSE:CHK) is the second-largest
producer of natural gas, a Top 15 producer of oil and natural gas
liquids and the most active driller of new wells in the U.S.
Headquartered in Oklahoma City, the company's operations are focused on
discovering and developing unconventional natural gas and oil fields
onshore in the U.S. Chesapeake owns leading positions in the Eagle Ford,
Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime and Niobrara
unconventional liquids plays and in the Marcellus, Haynesville/Bossier
and Barnett unconventional natural gas shale plays. The company also
owns substantial marketing and oilfield services businesses through its
subsidiaries Chesapeake Energy Marketing, Inc. and Chesapeake Oilfield
Operating, L.L.C. Further information is available at www.chk.com
where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and news releases.
Chesapeake Energy Corporation
Jeffrey L. Mobley, CFA, 405-767-4763
jeff.mobley@chk.com
or
Gary
T. Clark, CFA, 405-935-6741
gary.clark@chk.com
or
Media
Contact:
Jim Gipson, 405-935-1310
jim.gipson@chk.com
