Post Tagged with: "Chesapeake Energy"

Ex-Chesapeake CEO seeks investors for oil, gas drilling
Energy / Hydraulic Fracturing

Ex-Chesapeake CEO seeks investors for oil, gas drilling

COLUMBUS — “A new company with ties to energy investor Aubrey McClendon is selling shares to raise money for oil and gas drilling, just a few weeks after a McClendon-related venture received its first drilling permits in Ohio. American Energy Capital Partners LP plans to raise as much as $2 […]

Shale boom? What happened?
Energy / Hydraulic Fracturing / Ohio Citizen Action

Shale boom? What happened?

CLEVELAND — What happened to the Ohio shale boom? Oil and gas companies have given different answers every few months. 1. It’s a Marcellus shale boom. No, wait, it’s a Utica shale boom. At first, the Ohio shale boom was all about the Marcellus shale, not the Utica.  For example, […]

Chesapeake Energy is trying to sell rights to more than 94,000 acres in Ohio
Energy / Hydraulic Fracturing

Chesapeake Energy is trying to sell rights to more than 94,000 acres in Ohio

OKLAHOMA CITY, OK — “Chesapeake Energy Corp. is trying to sell some of its drilling leases in Stark and Portage counties where the shale 6,000 feet below the surface has been said to be rich in oil. The Oklahoma City company has listed for sale its drilling rights to more […]

Chesapeake Energy shares some Ohio Utica production numbers
Energy / Hydraulic Fracturing

Chesapeake Energy shares some Ohio Utica production numbers

OKLAHOMA CITY, OK — “Chesapeake Energy Corp.’s  Ohio shale wells are producing just a fraction of what they could because the company is waiting for the completion of special plants to process the gases and oils. In a conference call with analysts Monday,  Chief Operating Officer Steven Dixon,  acting CEO,  […]

Chesapeake CEO McClendon steps down after year of tumult
Energy / Hydraulic Fracturing

Chesapeake CEO McClendon steps down after year of tumult

OKLAHOMA CITY, OK — “Chesapeake Energy Corp said on Tuesday that Aubrey McClendon will step down as chief executive after a tumultuous year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer. News of the executive’s plan to depart on […]

Special Report: Chesapeake, McClendon endure rocky year; more uncertainty ahead
Energy / Hydraulic Fracturing

Special Report: Chesapeake, McClendon endure rocky year; more uncertainty ahead

NEW YORK, NY — ” The stock price of his energy company is down nearly 30 percent. The board stripped him of his chairmanship amid scandal. Today, his estimated billion-dollar personal fortune has shrunk by more than half. Aubrey McClendon, 53, endured a trying year running the second-largest natural gas […]

Energy / Hydraulic Fracturing

Chesapeake sees dimming oil prospects in Ohio

NEW YORK, NY — “Chesapeake Energy Corp.’s CHK -1.47% prospects of coaxing crude oil from Ohio’s rust belt have dimmed, the company’s chief executive said Tuesday, though he maintained the region remains key to the natural-gas giant’s future. Chesapeake, the country’s second-biggest gas producer after Exxon Mobil Corp., XOM +0.19% is seeking […]

Utica shale prospects dim amid disapponting lease offers
Energy / Hydraulic Fracturing

Utica shale prospects dim amid disapponting lease offers

CHICAGO, IL — “Chesapeake Energy Corp. (CHK) and other oil and natural-gas explorers in Ohio’s Utica Shale may have a tougher time raising drilling cash from joint ventures as investors trim offerings for stakes in undrilled fields. PDC Energy Corp. didn’t receive a high enough bid from would-be joint-venture partners […]

Energy / Hydraulic Fracturing

Chesapeake loses bid to void Texas oil, gas rights award

NEW YORK, NY — “Chesapeake Energy Corp. (CHK), facing claims by mineral rights holders in multiple states over canceled oil and gas lease offers, lost a bid to reverse a $19.7 million judgment to a Texas lease owner. Chesapeake wrongfully canceled an agreement to buy drilling rights held by the […]

Drillers rattled as ethane, propane prices plunge
Energy / Hydraulic Fracturing

Drillers rattled as ethane, propane prices plunge

PITTSBURGH, PA — “The softening in prices is sorry news for drillers that have relied on natural gas liquids to compensate for record-low natural gas prices. Natural gas liquids, or NGLs, are extracted alongside the natural gas and stripped out for sale at prices that tend to follow higher crude […]