Laurent Belsie at the Christan Science Monitor writes: "If the change at Chesapeake is any indication, the next phase of the gas boom is going to be far more sober and buttoned-down, as companies move to shave their debts and boost operating profits as they wait for natural gas demand to catch up with supply.
"McClendon didn't grab the limelight simply because of his company's acquisitions. His personal investments and intertwined financial maneuverings with the company and its customers prompted Chesapeake to investigate those dealings. (He once sold his collection of antique maps to the company for $12 million, well above its value, according to The Wall Street Journal, before shareholder lawsuits forced him to buy it back.)"
The whole story is here.