Post Tagged with: "Chesapeake Energy"

Chesapeake outlines plans for Ohio drilling
Energy / Hydraulic Fracturing

Chesapeake outlines plans for Ohio drilling

AKRON — “Chesapeake Energy Corp. still intends to aggressively develop wells in the Utica shale formations deep underground in eastern Ohio. The company said that area of the state remains attractive because it is producing oil and natural gas liquids, not just natural gas. …Chesapeake reported a second-quarter net profit […]

Energy / Hydraulic Fracturing

Slumping prices complicate cash crunch at Chesapeake Energy

TULSA, OK — “Slumping oil and natural gas prices threaten to exacerbate a cash crunch at Chesapeake Energy Corp., adding to pressure on CEO Aubrey McClendon to sell oilfields from Texas to Ohio. Oklahoma City-based Chesapeake relies on gas and its by-products such as ethane for 90 percent of its […]

Transfer of mineral rights may mean windfall for Valley property owners
Energy / Hydraulic Fracturing

Transfer of mineral rights may mean windfall for Valley property owners

WARREN — “For 7,000 property owners in Mahoning County, 7,000 in Trumbull and 450 in Columbiana whose ‘deep’ mineral rights were transferred June 26 from Everflow Eastern of Canfield to Chesapeake Energy of Oklahoma, the result could be — eventually — higher royalties for the property owners than they now […]

No to ‘fracking’ doesn’t mean no
Energy / Hydraulic Fracturing

No to ‘fracking’ doesn’t mean no

Landowner refusal can’t stop drilling PORTAGE COUNTY — “When a Chesapeake Energy land man approached him months ago with an offer to lease the Utica shale mineral rights beneath his meticulously landscaped 9.5-acre property in eastern Ohio, Neeley declined. That’s when, Neeley says, the land man told him, ‘We’ll just […]

More air pollution from Chesapeake drilling sites
Energy / Hydraulic Fracturing

More air pollution from Chesapeake drilling sites

TRIADELPHIA, WV — “Sulfur dioxide, carbon monoxide and formaldehyde are some of the chemicals Chesapeake Energy is likely to pump into the air in Ohio County from its numerous drilling sites, company information states. …Chesapeake is also now awaiting a DEP permit to drill on property owned by the Park System […]

Utica pipeline hookup halted by legal dispute
Energy / Hydraulic Fracturing

Utica pipeline hookup halted by legal dispute

KENSINGTON — “One thousand feet, a landowner and now a U.S. District Court stand in the way of Chesapeake Energy Corp.’s plan to connect a finished Carroll County well with a proposed $900 million network of pipelines, processing plants and compressors under development in eastern Ohio. ‘They’re bullying us,’ Joseph […]

DeWine going after JPMorgan Chase over Ohio pension losses
Energy / Hydraulic Fracturing

DeWine going after JPMorgan Chase over Ohio pension losses

COLUMBUS — “Earlier this year, DeWine filed suit against BP Plc on behalf of the state’s public pension systems. He claimed the British oil giant’s misleading statements about safety practices and procedures before the Deepwater Horizon explosion in the Gulf of Mexico in April 2010 resulted in those pension funds […]

Chesapeake irks landowners as it renegotiates leases
Energy / Hydraulic Fracturing

Chesapeake irks landowners as it renegotiates leases

NEW YORK, NY — “Chesapeake Energy Corp. is pushing Ohio landowners to accept revised lease contracts that would help the cash-strapped driller save money while holding on to its prized oil and gas fields. The company’s actions, documented in scores of property and court records, aren’t the first time that […]

Chesapeake reserve doubted
Energy / Hydraulic Fracturing

Chesapeake reserve doubted

NEW YORK, NY – “An independent research firm called into question the size of Chesapeake Energy Corp.’s proved reserves of oil and natural gas, an important metric institutional investors use to value energy producers, in a report published this week. The report, by ITG Investment Research, comes as controversy continues […]

Shale gas boom may quickly go bust, speaker warns City Club of Cleveland
Energy / Hydraulic Fracturing

Shale gas boom may quickly go bust, speaker warns City Club of Cleveland

CLEVELAND — “Gas wells are being drilled at a furious pace, she said, not because they are clearly valuable but because the energy industry demands action. Perpetual expansion is an industry trait, mandated by the need to put land leases to work and to keep stock prices strong, Rogers said. […]