Chesapeake Executives Depart in Driller’s Latest Shakeup (1)

Chesapeake Energy Corp. said three executives are leaving, marking the latest shakeup of the senior ranks at the Oklahoma oil and gas producer since it emerged from bankruptcy four months ago.

Executive Vice President of Exploration and Production Frank J. Patterson; Executive Vice President, General Counsel and Corporate Secretary James R. Webb; and Senior Vice President and Chief Accounting Officer William M. Buergler are departing the company Friday, Chesapeake said in a filing.

Chesapeake was at the forefront of the shale-gas boom earlier this century, but racked up huge debts that ultimately led to its bankruptcy. It ...