Lawler was Chesapeake's CEO for eight years before he was unexpectedly fired in April last year, months after the company's emergence from bankruptcy. He had been widely credited with whittling away Chesapeake's $13 billion debt load with a conservative approach to spending and had shepherded the company through bankruptcy. Lawler would succeed Jack Stark, who plans to retire from Continental by late spring.
In its weekly release, Baker Hughes Company (BKR) reports that the U.S. rig count is higher than the prior week.
: In its weekly release, Baker Hughes Company (BKR) reports that the U.S. rig count is flat with the prior week's tally.