© 2024 KGOU
News and Music for Oklahoma
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Former CEO Starts New Energy Company

snu.edu

The former CEO of SandRidge Energy Inc. and co-founder of Chesapeake Energy Corp. has started a new Oklahoma City energy company.

The Oklahoman reports that Tom Ward's new company, Tapstone Energy LLC, has leased space in an office building downtown. Ward says the company has "a handful of employees" and is looking for more employees and oil and gas properties.

Ward says he is funding the new company himself for now, but that he might consider bringing on other investors.

Ward was ousted from Oklahoma City-based SandRidge in June after a months-long proxy fight. Ward received about $50 million when he left the company.

Ward retired in 2006 as Oklahoma City-based Chesapeake's president and chief operating officer. He co-founded the company with former Chesapeake CEO Aubrey McClendon in 1989.

         ____________________________

KGOU is a community-supported news organization and relies on contributions from readers and listeners to fulfill its mission of public service to Oklahoma and beyond. Donate online, or by contacting our Membership department.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.
More News
Support nonprofit, public service journalism you trust. Give now.