This new leadership is just "trimming the fat" for the new Wall Stree Boys. They want a liener business for the coming business cycles. Don't get TOO concerned about what they are doing. The climate in the O&G community is one of growth now, and for the next 10 years. The other people that get CHK laid off, will walk across the street and help Aubrey M. w/ his new company AEP.

Right. Run to the guy who took his company public, ran it irresponsibly, which ends up with their jobs being lost, due to his greed and hubris. Make no mistake, the person to blame for the layoffs is Aubrey McClendon. If I was a laid-off Chesapeake worker, I'd stay as far away from that man as possible.

Right. Run to the guy who took his company public, ran it irresponsibly, which ends up with their jobs being lost, due to his greed and hubris. Make no mistake, the person to blame for the layoffs is Aubrey McClendon. If I was a laid-off Chesapeake worker, I'd stay as far away from that man as possible.Aubrey McClendon was a great man who did great things and tried to do even better than anyone would've thought as trying to invest in his community. He cared about building things truly world class and using the best quality materials he could.

The ol' boys down on Wall Street didn't like that their dollars were going to community projects they didn't even know about nor live in. I don't blame them either. I respect Aubrey and his will to things right and hopefully he has learned to be more in moderation this time around with his new company.

Right. Run to the guy who took his company public, ran it irresponsibly, which ends up with their jobs being lost, due to his greed and hubris. Make no mistake, the person to blame for the layoffs is Aubrey McClendon. If I was a laid-off Chesapeake worker, I'd stay as far away from that man as possible.

Risk/Reward ... I assume there are plenty of people who have just been laid off who were smart enough to position themselves very well and who have the flexibility to go work with a risky guy like McClendon and potentially make bank. If it doesn't work out, they'll still be fine. If it does...they'll have made a lot of money.

I'm not going to fight the Aubrey McClendon PR machine being run a floor away from his office at Harvey Parkway. It's not worth my blood pressure.

Right. Run to the guy who took his company public, ran it irresponsibly, which ends up with their jobs being lost, due to his greed and hubris. Make no mistake, the person to blame for the layoffs is Aubrey McClendon. If I was a laid-off Chesapeake worker, I'd stay as far away from that man as possible.

Here's some insight for you... This man is so civic minded that he HIRED MORE PEOPLE THAN HE NEEDED TO. He did not run it in the ground, he simple built an industry monster. Do you know how many 100's of Million he has invested into OKC ??? The people? ...I'm not even speaking of the Thunder.

He has pioneered so much in the Gas community. This is not a day to blame Aubrey M. at all. He helped make it all possible for others ( CHK ; SandRidge ; Devon )...they all have benefited from each other. Aubrey M. will build another empire, and hire more people than he needs too and invest more money into the OKC than he needs to as well.

...Wall street wanted better stock prices. One of the main tools they use to achieve this, is the layoff. Employee reductions. Getting lien will increase the stock price for Wall Street. Blame the new Executive Team for this NEW direction. Not Aubrey.

...Wall street wanted better stock prices. One of the main tools they use to achieve this, is the layoff. Employee reductions. Getting lien will increase the stock price for Wall Street. Blame the new Executive Team for this NEW direction. Not Aubrey.
Aubrey took his company public. When it becomes public, he then has to answer to the shareholders. I appreciate Aubrey's generosity, but he didn't own the company; he was but a shareholder (a large one, admittedly), but one of thousands of shareholders who collectively owned more of the company than he did. Shareholders typically do not invest in companies out of charity; they want to make money. If they didn't, they wouldn't last long as investors. Once you go public, you have a fiduciary responsibility to those who own the company. Perhaps with his new company, he'll keep it private... THEN he can do whatever he pleases, including being as generous as he wants to be to his employees and his community.

I'm not going to fight the Aubrey McClendon PR machine being run a floor away from his office at Harvey Parkway. It's not worth my blood pressure.

Geez did Aubrey personally shove a log up your a** or something? If it weren't for Aubrey, the people there wouldn't have been employed in the first place. Which is worse, getting paid well for years, gaining valuable experience, and then losing your job or not ever having a job? Aubrey's big mistake was betting to much on high gas prices and losing. I guarantee he won't make that mistake again nor will he take his new company public. I know several people over at AEP that dropped what they were doing or were former employees a CHK that went to work for him. The majority of people at CHK love the guy, I guarantee 95% of the people laid off would jump at the opportunity to go work for him.

Aubrey took his company public. When it becomes public, he then has to answer to the shareholders. I appreciate Aubrey's generosity, but he didn't own the company; he was but a shareholder (a large one, admittedly), but one of thousands of shareholders who collectively owned more of the company than he did. Shareholders typically do not invest in companies out of charity; they want to make money. If they didn't, they wouldn't last long as investors. Once you go public, you have a fiduciary responsibility to those who own the company. Perhaps with his new company, he'll keep it private... THEN he can do whatever he pleases, including being as generous as he wants to be to his employees and his community.

He can do whatever he pleases as long as he owns, realistically, about 35% of the company, unless he's going to do something real stupid, then he needs to own like 48%.

His biggest mistake @CHK was losing nearly all of his personal investment in the company.

Aubrey took his company public. When it becomes public, he then has to answer to the shareholders. I appreciate Aubrey's generosity, but he didn't own the company; he was but a shareholder (a large one, admittedly), but one of thousands of shareholders who collectively owned more of the company than he did. Shareholders typically do not invest in companies out of charity; they want to make money. If they didn't, they wouldn't last long as investors. Once you go public, you have a fiduciary responsibility to those who own the company. Perhaps with his new company, he'll keep it private... THEN he can do whatever he pleases, including being as generous as he wants to be to his employees and his community.

The shareholder revolt had much, much more to do with his philosophy on running company operations than anything to do with charity or other extracurriculars. Those were just blips on the radar compared to what they were overpaying for acreage they were continually acquiring and poor drilling practices. Aubrey wanted to own every acre in every play in the lower 48 but didn't put near enough emphasis on developing that acreage in the process and funding the company on it's own cash flow. That and tanking natural gas prices killed him.He also did own a large portion of the company until the margin call in 2009...again, he bet way too much on high natural gas prices.

Chesapeake lays off 640 employees in OKC | News OK (http://newsok.com/chesapeake-lays-off-640-employees-in-okc/article/3891246)

The shareholder revolt had much, much more to do with his philosophy on running company operations than anything to do with charity or other extracurriculars. Those were just blips on the radar compared to what they were overpaying for acreage they were continually acquiring and poor drilling practices. Aubrey wanted to own every acre in every play but didn't put near enough emphasis on developing it in the process and funding the company on it's own cash flow. That and tanking natural gas prices killed him.He also did own a large portion of the company until the margin call in 2009...again, he bet way too much on high natural gas prices.
I agree... I simply was alluding to OKVision4U's lamentations.

I agree... I simply was alluding to OKVision4U's lamentations.

Lamentations? ...that was for the other guy saying ( that nothing was given by Aubrey, just taking ) I said that WALL STREET was resonsible. That IS the shareholders. They wanted a better return on their investment.

What did you not agree w/?

Here's some insight for you... This man is so civic minded that he HIRED MORE PEOPLE THAN HE NEEDED TO. He did not run it in the ground, he simple built an industry monster. Do you know how many 100's of Million he has invested into OKC ??? The people? ...I'm not even speaking of the Thunder.

He has pioneered so much in the Gas community. This is not a day to blame Aubrey M. at all. He helped make it all possible for others ( CHK ; SandRidge ; Devon )...they all have benefited from each other. Aubrey M. will build another empire, and hire more people than he needs too and invest more money into the OKC than he needs to as well.

...Wall street wanted better stock prices. One of the main tools they use to achieve this, is the layoff. Employee reductions. Getting lien will increase the stock price for Wall Street. Blame the new Executive Team for this NEW direction. Not Aubrey.


Aubrey took his company public. When it becomes public, he then has to answer to the shareholders. I appreciate Aubrey's generosity, but he didn't own the company; he was but a shareholder (a large one, admittedly), but one of thousands of shareholders who collectively owned more of the company than he did. Shareholders typically do not invest in companies out of charity; they want to make money. If they didn't, they wouldn't last long as investors. Once you go public, you have a fiduciary responsibility to those who own the company. Perhaps with his new company, he'll keep it private... THEN he can do whatever he pleases, including being as generous as he wants to be to his employees and his community.One may noticed that I liked two "opposing" posts, and that is due to the fact I'm split on this. I think Aubrey was a great guy and inspiring figure, but it really wasn't his money he used to do great things with. . .

He has pioneered so much in the Gas community.

Very specifically, what did Aubrey McClendon pioneer "in the Gas community?"

Very specifically, what did Aubrey McClendon pioneer "in the Gas community?"Isn't Chesapeake the biggest or one of the biggest natural gas producers in the world?

Isn't Chesapeake the biggest or one of the biggest natural gas producers in the world?

Currently XOM is the number one US producer of NG.
No other US producer really comes close...

Currently XOM is the number one US producer of NG.
No other US producer really comes close...

CHK is second. Exxon is only number 1 because the own XTO. Exxon produces about 1.3 BCF more than CHK per day (at least as of 2011, I couldn't find any more up to date data).

On Edit: As of Q1 2013, the gap has narrowed to .557 BCF per day. Thats 3.033 BCF per day produced by CHK and 3.590 BCF for Exxon/XTO. The next closest are Anadarko at 2.689 BCFPD and Devon at 1.969 BCFPD. So yes, other US producers do come close and by others I mean CHK. That is very significant given that exxon is 10 times the size of CHK in terms of employment and 20 times the size of CHK in market capitalization. CHK and Anadarko have both increased their daily natural gas production from last years number while Devon and Exxon have both reduced it.

http://www.ngsa.org/download/analysis_studies/top%2040%202013%201st%20quarter.pdf

CHK is second. Exxon is only number 1 because the own XTO. Exxon produces about 1.3 BCF more than CHK per day (at least as of 2011, I couldn't find any more up to date data).

On Edit: As of Q1 2013, the gap has narrowed to .557 BCF per day. Thats 3.033 BCF per day produced by CHK and 3.590 BCF for Exxon/XTO. The next closest are Anadarko at 2.689 BCFPD and Devon at 1.969 BCFPD. So yes, other US producers do come close and by others I mean CHK. That is very significant given that exxon is 10 times the size of CHK in terms of employment and 20 times the size of CHK in market capitalization. CHK and Anadarko have both increased their daily natural gas production from last years number while Devon and Exxon have both reduced it.

http://www.ngsa.org/download/analysis_studies/top%2040%202013%201st%20quarter.pdf

XOM production numbers have dropped more than I realized.
XOM has made a few mistakes but over time its been a much better managed company than CHK.

XOM production numbers have dropped more than I realized.
XOM has made a few mistakes but over time its been a much better managed company than CHK.

Are you really going to try and compare one of the largest companies in the world to CHK? :eek:

XOM production numbers have dropped more than I realized.
XOM has made a few mistakes but over time its been a much better managed company than CHK.

Well yeah, but I still think its impressive that CHK has been able to compete with one of the largest companies in the world production wise. CHK has been poorly managed in some areas especially given the economic realities of natural gas prices after 2009, but they have done some things right. Great at growing, not so great at developing.

Are you really going to try and compare one of the largest companies in the world to CHK? :eek:

Absolutely yes I am because good management is good management and bad management is bad management no matter the size of the corporation.... XOM has been one of the very best large managed corporations in the entire world for many years....CHK hasn't even been one of the better managed comapys even in its own home town.

CHK became way over extended by choice and was way over exposed to one commodity, Dry NG.
Most others in their businessmen seek a more balanced income sheet. To their credit they are now finally moving in this direction.

Well yeah, but I still think its impressive that CHK has been able to compete with one of the largest companies in the world production wise. CHK has been poorly managed in some areas especially given the economic realities of natural gas prices after 2009, but they have done some things right. Great at growing, not so great at developing.


It's not the shear volume of NG that really matters, its the rate of return on capital that matters most......

and on that XOM has had the highest return on its capital of anybody in the (energy) industry at 24.2%. This means XOM is the most efficient company among its peers at allocating capital toward profitable endeavors. Usually the larger a corporation becomes the less well managed it is.... but with XOM that's clearly not the case which only underscores how well managed XOM has been.

Are you really going to try and compare one of the largest companies in the world to CHK? :eek:

If CHK had been managed with the same discipline as XOM then CHK would likely be a pretty healthy company today and likely looking to hire new people.
Good management discipline is a fundamental key in any successful long term enterprise. When CHK was out paying more for leases or for property, just because they could, it was a a sure sign of poor company discipline and poor management at the top.

This is why I never bought any CHK stock.

If CHK had been managed with the same discipline as XOM then CHK would likely be a pretty healthy company today and likely looking to hire new people.
Good management discipline is a fundamental key in any successful long term enterprise. When CHK was out paying more for leases or for property, just because they could, it was a a sure sign of poor company discipline and poor management at the top.

This is why I never bought any CHK stock.

To bring their total employee count up to what...8,500...their OKC count up to 3,500?

To bring their total employee count up to what...8,500...their OKC count up to 3,500?

There is way too much focus on head counts...The heath of the corporation is far more important.
With greater margins of profitability, via good management, comes lasting more stable head counts that are often better compensated over the long haul.... This spills its self over into the community and for much longer periods of time.

There is way too much focus on head counts...The heath of the corporation is far more important.
With greater margins of profitability, via good management, comes lasting more stable head counts that are often better compensated over the long haul.... This spills its self over into the community and for much longer periods of time.

I get that, I'm just getting tired of people taking sides in this whole discussion as if the issue is easily reduced into Aubrey is good, Aubrey is bad.

We can sit there and label things that AM did as mistakes or successes, but when you take a company from $50,000 to $15,000,000,000...then those signifiers get melded into the same thing. His success was his downfall, and his downfalls were his successes. Things were truly neither, they were just happenings that have led to today, and they were drastically affected by far more than AM's whims. There were many other moving parts that played a part in the overall decision making for the company.

Overall, if CHK stays in OKC, then I am very glad with the direction the company is headed. This city owes an incredible debt of gratitude to AM, as does CHK, and AM owes a debt of gratitude to those who have helped him build the company, and who are going to take the company he created to a new and successful future.

I expect that the way this all transpired will end up being far better for OKC than anyone can imagine...680 people being laid off is, unfortunately, a *growing* pain.

I get that, I'm just getting tired of people taking sides in this whole discussion as if the issue is easily reduced into Aubrey is good, Aubrey is bad.

We can sit there and label things that AM did as mistakes or successes, but when you take a company from $50,000 to $15,000,000,000...then those signifiers get melded into the same thing. His success was his downfall, and his downfalls were his successes. Things were truly neither, they were just happenings that have led to today, and they were drastically affected by far more than AM's whims. There were many other moving parts that played a part in the overall decision making for the company.

Overall, if CHK stays in OKC, then I am very glad with the direction the company is headed. This city owes an incredible debt of gratitude to AM, as does CHK, and AM owes a debt of gratitude to those who have helped him build the company, and who are going to take the company he created to a new and successful future.

I expect that the way this all transpired will end up being far better for OKC than anyone can imagine...680 people being laid off is, unfortunately, a *growing* pain.


That's fair enough and I can agree with most of what you said.

But for a better managed OKC company who's CEO pays very close attention in not letting his company become to over extended look no further than CLR.....

What Hamm has done really is far more remarkable. He has accumulated far greater wealth, survived several major industry down turns, given away many millions locally and out of state and done it all basically on a high school education..
IMHO we need as many Hamm's in our state and community as we can get. They make us better.

I hope AM rebounds and builds great amounts of new wealth. If he does we will be better for it... But we should also hope that AM has learned a great deal from his excesses... Something tells me that his new investors will make sure that he has.

And I totally agree with you about the Hamm thing. It's really unbelievable when you really think about it.

On a slightly related note, IMO Continental will slowly take the place of Chesapeake in the community pecking order. And you can already see it. They are stepping up some of their community sponsorships and donations (if I'm not mistaken, they were a sponsor of the Plaza festival this year), a lot of contractors who were once angling for Chesapeake's work now do the same for CLR, and frankly just a lot more buzz about them here in town. Obviously they are nowhere close to matching what CHK was at their peak, and their headcount is only a fifth of what Chesapeake's is even after yesterday's layoffs. But CLR is crazy profitable and as time goes by I think they will be more comfortable in doing more community outreach.

Still not sure what Chesapeake received from selling the Atrium Towers and old Local Federal Building on NW 63rd, but they also just sold the 3-story office building on the NE corner of 63rd & Grand.

To demonstrate the crazy nature of their real estate spending spree, they bought that building in 2008 for $5 million, after it had sold just two years earlier for less than $1.6 million. So, more than three times the apparent market price.

In October, after holding that building for five years, they sold it for $1.8 million.

http://www.oklahomacounty.org/assessor/Searches/sketches/picfile/2618/R169797070001pA.jpg


And as they have now sold 8 separate office buildings in the last year, none have brought anywhere near what they just recently paid.

I'll do a full write-up on this once I get the numbers from the most recent sale.

Some quick numbers on the recent Chesapeake property sales...

Since December of last year, they have sold seven office buildings (Atrium Towers I & II, former Local Federal, Central Park 1 & 2, NH Executive and the Harvey Parkway).

For those properties, they had $117,725,000 invested (purchase price plus improvements) and then only received a total of $67,641,000 from the sales.

That's a 46.8% loss, and it's certainly much more when you factor in broker commissions and other building costs (like landscaping and parking) not easily tracked through the City's permit system.


So, you can bet they are making back less than half of what they have invested, on average.


I've also heard Nichols Hills Plaza, Classen Curve and perhaps some other of their larger non-business related properties are under contract. Expect losses of those to be even higher, as they paid absurd amounts.

And of course, they still own hundreds of condos and small parcels in the 63rd & Western area that are completely removed from their campus.

I took a stab at plotting all the properites they own near 63rd & Western.

The different colors are used just to show they are all separate tracts acquired in multiple transactions.

They also own quite a few properties south of I-44 in the Western corridor and a few others around town that I'll plot later.

http://mysite.verizon.net/res17zef/chk1.jpg

Here you go.... Bump...

^

That map doesn't show a ton of later purchases.

^

That map doesn't show a ton of later purchases.

Yeah, I know. It shows some of the random condos and houses they bought. It doesn't even come close to showing the buildings on NW Expressway they purchased as well.

It will be very interesting to see what they do with the rest of the vacant land between their main campus and the RR tracks on the east side.

There are still about 10 full blocks just in that area that have been scraped. I don't think they will sell them... Probably just sit on them for the time being.

It will be very interesting to see what they do with the rest of the vacant land between their main campus and the RR tracks on the east side.

There are still about 10 full blocks just in that area that have been scraped. I don't think they will sell them... Probably just sit on them for the time being.

I don't think they would like to kill the idea that they would need it for growth in the future. Even if it means sitting on it for 10+ years.

2003:

http://gyazo.com/617e65b870fae69e1a719e9505d0e9ee.png

2013:

http://gyazo.com/89b314c737754a73872cf3030b04a2de.png

I couldn't locate the Chesapeake campus thread (Pete - did you consolidate?) so I'll post these two transactions here:

6403 NW Grand (NE/C at 63rd) $1,800,000 by 111 Realty Investors LP (Ft. Worth mailing address), 13,216 sf, $136.20/sf. CHK paid $5,000,000 in 1/2008. They sold for 36% of what they paid.

5804 NW Grand (next to Flip's) $600,000 by 111 Realty Investors LP, 3,000 sf, $200.00/sf. CHK paid $875,000 in 5/2006. They sold for 69% of what they paid.

I have a good friend who works at CHK (he survived) and forwarded an email to me saying Elements (the restaurant on the ground floor of One Grand) was having a "Farewell Lunch" today which I guess is saying the sale of building is done or in the process.

Reported over the weekend was Chesapeake's sale of 1200 NW 63rd (Chase Bank Building) to 63 Grand LLC for $3,950,000, or $100.34/sf.

Who is 63 Grand LLC?

I think Pete said in another thread it was a Rainey Williams company.

It looks like one of the cameras has been turned to look at the large retintion pond. Looks like there is some dirt work going on. It will be interesting to see how they finish this off. I am betting just some grass and a sidewalk to go around it.


Construction Camera: Chesapeake Energy ? Bay (http://oxblue.com/open/smithandpickel/chesapeakecentralplant2)

If you look at what they've done with their campus since Aubrey's ouster, they haven't started anything new, have tried to wrap up what was already in progress and have pretty much put down sod in all the empty lots (and there are still tons) and called it good.

There is nothing really around this pond so I suspect they will sod around and let it sit.

If and when they ever what to expand, they still have 10 full blocks of cleared land east of their existing buildings.



I still think they are going to sell the two Grand Park buildings to Mid*, so they might throw in this parcel and let them include it in their campus.

Always felt there would be major downtown real estate ramifications if/when Aubrey was ousted at Chesapeake. It's obviously the case now, and could become even more pronounced. Glad they didn't get further built out. Fortunately the ramifications are far less noticeable due to downtown's momentum in the housing market and other energy cos, most notably Continental and Devon.

Always felt there would be major downtown real estate ramifications if/when Aubrey was ousted at Chesapeake. It's obviously the case now, and could become even more pronounced. Glad they didn't get further built out. Fortunately the ramifications are far less noticeable due to downtown's momentum in the housing market and other energy cos, most notably Continental and Devon.

I don't understand how either CHK or AEP real estate activity affects downtown.

Well, I guess we can start by talking about MidFirst...

Always felt there would be major downtown real estate ramifications if/when Aubrey was ousted at Chesapeake. It's obviously the case now, and could become even more pronounced. Glad they didn't get further built out. Fortunately the ramifications are far less noticeable due to downtown's momentum in the housing market and other energy cos, most notably Continental and Devon.

I wouldn't worry about Chesapeake trying to subdivide out their campus. Trying to retrofit a corporate campus is one of the hardest things to do in real-estate and I doubt they would even spend the money to try it.

The undeveloped land to the east could easily be developed as stand-alone office buildings.

Really, there is nothing apart from the central campus that couldn't be sold off as individual parcels or buildings.

However, I think CHK will need everything they've built on campus and I bet at some point they will expand at least a bit more.

*fingers crossed*

Truthfully, downtown only needs another couple of years at its current pace to be mostly immune to the direct effects of a suburban glut, but it would sure be nice to have had MidFirst and/or others land downtown.

While out at lunch I noticed Midwest Wrecking is demolishing the building at 818 NW 63, a black three-story, split-level office building on the SE/C at Francis. That entire block is now clear between 62nd & 63rd, Francis & Shartel.

I could not believe there wasn't a page for this subject. If there is, please move this. I searched Google and The Advanced Search feature. There was a Chesapeake thread that Thunder started, but was speculation about a new tower from Chesapeake- other than that, nothing.


Here are a bunch of photos I took today of this beautiful area.

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-xfp1/t31.0-8/10387173_10203049312066251_7972282407257253928_o.j pg

https://scontent-b-dfw.xx.fbcdn.net/hphotos-xpf1/t31.0-8/1493568_10203049313706292_2135892455747947369_o.jp g

https://scontent-b-dfw.xx.fbcdn.net/hphotos-xfp1/t31.0-8/1493476_10203049317186379_2143334413203818213_o.jp g

https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-xap1/t31.0-8/10386950_10203049319106427_746569020345619881_o.jp g

https://scontent-b-dfw.xx.fbcdn.net/hphotos-xfp1/t31.0-8/10272619_10203049327146628_4907227499220992120_o.j pg

https://scontent-b-dfw.xx.fbcdn.net/hphotos-xfp1/t31.0-8/10448698_10203049328186654_1041960826657827891_o.j pg

https://scontent-a-dfw.xx.fbcdn.net/hphotos-xfa1/t31.0-8/10258772_10203049331906747_7502055049740310446_o.j pg

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-xap1/t31.0-8/10333342_10203049338306907_6317933315458564249_o.j pg

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-xpf1/t31.0-8/10293666_10203049342507012_935548856673090042_o.jp g

Awesome garden. Not sure if it is exclusive to employees or not, but is still very cool!

https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-xfp1/t31.0-8/10446300_10203049341426985_199873671597114841_o.jp g

https://scontent-a-dfw.xx.fbcdn.net/hphotos-xfp1/t31.0-8/10454928_10203049341546988_7283358069150193156_o.j pg

https://scontent-b-dfw.xx.fbcdn.net/hphotos-xpf1/t31.0-8/10365622_10203049343387034_2652750279444247739_o.j pg

Some various dirt work going on around. Not sure if they're going to let this sit or not.

My panorama attempt :p
https://scontent-a-dfw.xx.fbcdn.net/hphotos-xfp1/t31.0-8/10258252_10203049320226455_6574209184579996369_o.j pg

https://scontent-b-dfw.xx.fbcdn.net/hphotos-xpa1/t31.0-8/10365410_10203049337906897_1132656808317605236_o.j pg

Really hope they don't leave this building here
https://scontent-b-dfw.xx.fbcdn.net/hphotos-xfp1/t31.0-8/10286791_10203049342587014_4445931290361674794_o.j pg

This had people working on it today, so not sure what it was. It is on the corner of NW 63rd St. and Lee Ave.

https://scontent-a-dfw.xx.fbcdn.net/hphotos-xpf1/t31.0-8/10338550_10203049343587039_1299385597369100313_o.j pg

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-xap1/t31.0-8/10329965_10203049342827020_7675768278519629631_o.j pg

Big retention pond that Pete said they were going to build a huge building around it but scrapped it. :( This would've been really cool to have a real pond filled with water and a trail around it with a building and a restaurant overlooking it.

https://scontent-a-dfw.xx.fbcdn.net/hphotos-xaf1/t31.0-8/10380054_10203049327026625_7265438532877332992_o.j pg

https://scontent-a-dfw.xx.fbcdn.net/hphotos-xaf1/t31.0-8/10264259_10203049322546513_806926381640350270_o.jp g

https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-xap1/t31.0-8/10353226_10203049319306432_625278404091184651_o.jp g

Finally, this vacant piece of land would make a great 30-55 story residential high-rise. It would overlook a nice--what could be pond--, have a look at the beautiful campus next to it, beautiful of the Capitol, and a great view of the skyline. It would really be awesome!

https://scontent-a-dfw.xx.fbcdn.net/hphotos-xpa1/t31.0-8/10453057_10203049336586864_509356151029816194_o.jp g

https://scontent-a-dfw.xx.fbcdn.net/hphotos-xaf1/t31.0-8/10372973_10203049337506887_7746037210063876081_o.j pg

https://scontent-b-dfw.xx.fbcdn.net/hphotos-xpf1/t31.0-8/10454418_10203049337946898_3384639191472973006_o.j pg

Figures. I find this thread--that I knew was there!!!-- trying to find the Brickopolis thread. Sorry Pete or MMM for creating a new one.

http://www.okctalk.com/images/pete/chesapeake070517a.jpg

http://www.okctalk.com/images/pete/chesapeake070517b.jpg


http://www.okctalk.com/images/pete/chesapeake070517c.jpg

Somehow those photos make me sad, Aubrey was unable to complete his vision.

IMO, things worked out for the best... Especially for Chesapeake itself as that company was fast headed for collapse.

Classen Curve, the area to the north and NH Plaza are all way better off being owned by Washington Prime, evidenced by all the great new-to-market tenants they've brought in. Plus, still planning REI, housing, etc.

MidFirst bought a lot of the property to the south and have fully occupied all those buildings which would be largely empty if CHK still held them. And they'll eventually develop the Grand / Western triangle, something that didn't happen in 10 years of Aubrey & CHK ownership.

Many of their other properties -- like 63rd & I-44 -- have been bought by growing OKC companies like Loves.

And Chesapeake itself still has plenty of room to grow to the east.

http://www.okctalk.com/images/pete/chk020718.jpg

I can't help but wonder what the next chapter will be for all of this

The good news is they have consolidated all their OKC employees to this campus.

Since they are down to about 2,100 now, I wonder how full those buildings are.

The good news is they have consolidated all their OKC employees to this campus.

Since they are down to about 2,100 now, I wonder how full those buildings are.

I mean parking should be a breeze around there.