Post Tagged with: "Chesapeake Energy"

Energy / Hydraulic Fracturing

Chesapeake exec: Many unknowns about Utica shale play

NEW YORK, NY — “A Chesapeake Energy Corp. official has provided some level-headed perspective on all the hype about potential riches that could come from development of shale gas resources in eastern Ohio. Speaking at a Columbus Metropolitan Club    luncheon Wednesday, Chesapeake’s Matt Hammond said there is no way […]

Ohio lands a shale-gas plant
Energy / Hydraulic Fracturing / Uncategorized

Ohio lands a shale-gas plant

COLUMBUS— “Chesapeake Energy will work with partners to build a $900 million natural-gas processing plant in Columbiana County, the latest large investment in Ohio’s oil and gas resources. The Oklahoma City-based company announced the plan late yesterday afternoon, saying it will work on the project with M3 Midstream and EV Energy […]

Rolling Stone responds to Chesapeake Energy on ‘The Fracking Bubble’
Energy / Hydraulic Fracturing

Rolling Stone responds to Chesapeake Energy on ‘The Fracking Bubble’

NEW YORK, NY — “Aubrey McClendon, the CEO of Chesapeake Energy, has a reputation for being a tough street-fighter, so his company’s response to my article in Rolling Stone is no surprise. (You can view the entire response here.) What is surprising is how weak it is. The company entirely […]

The big fracking bubble: The scam behind the gas boom
Energy / Hydraulic Fracturing

The big fracking bubble: The scam behind the gas boom

It’s not only toxic – it’s driven by a right-wing billionaire who profits more from flipping land than drilling for gas OKLAHOMA CITY, OK — “For Chesapeake, the primary profit in fracking comes not from selling the gas itself, but from buying and flipping the land that contains the gas. […]

Alliance between natural gas industry, environmental groups fractures
Energy

Alliance between natural gas industry, environmental groups fractures

WASHINGTON, DC — “At least one group that seriously considered [Chesapeake Energy CEO Aubrey] McClendon’s offer, the NRDC, decided in the end that his support would constitute a conflict of interest. Half a dozen senior NRDC leaders and energy staffers — including John Adams, its founding director — traveled to […]

Chesapeake Energy seeks $12 billion in asset sale amid cash crunch
Energy

Chesapeake Energy seeks $12 billion in asset sale amid cash crunch

OKLAHOMA CITY, OK — “Oklahoma City-based Chesapeake expects to get $10 billion to $12 billion from transactions including the potential sale of all its oil and gas fields in the Permian Basin of Texas and New Mexico, the company said in a statement Monday. It expects to receive about $2 […]

Answering for Taking a Driller’s Cash
Energy

Answering for Taking a Driller’s Cash

NEW YORK, N.Y. — “The recent disclosure of the Sierra Club’s secret acceptance of $26 million in donations from people associated with a natural gas company has revived an uncomfortable debate among environmental groups about corporate donations and transparency. The gifts from the company, Chesapeake Energy, have drawn criticism from […]

Sierra Club faces gas-cash fallout
Uncategorized

Sierra Club faces gas-cash fallout

WASHINGTON, DC — “After disclosing the donations [from Chesapeake Energy], the Sierra Club revealed during a national conference call with members on Saturday that it had taken ‘some disciplinary actions’ in 2010 over the handling of the gas donation, [Sierra Club’s Kate] Bartholomew said. Spokeswoman Maggie Kao declined to offer details, […]

Exclusive: How the Sierra Club took millions from the natural gas industry—and why they stopped
Energy / Hydraulic Fracturing

Exclusive: How the Sierra Club took millions from the natural gas industry—and why they stopped

NEW YORK, NY — “TIME has learned that between 2007 and 2010 the Sierra Club accepted over $25 million in donations from the gas industry, mostly from Aubrey McClendon, CEO of Chesapeake Energy—one of the biggest gas drilling companies in the U.S. and a firm heavily involved in fracking—to help […]

Chesapeake Energy is cutting back gas drilling operations but will proceed in Ohio’s ”wet gas” areas
Energy / Hydraulic Fracturing

Chesapeake Energy is cutting back gas drilling operations but will proceed in Ohio’s ”wet gas” areas

CLEVELAND — “Chesapeake Energy’s plans to develop parts of Ohio’s shale got a lot more clear Monday. Chesapeake said it will slash its operations in places such and Pennsylvania and Texas and move drilling rigs and money to Ohio and other states where shale formations show promise of producing more […]