Among the speakers who addressed the conference delegates at Hart Energy’s DUG East conference on Tuesday was Chesapeake Energy COO… Continue reading The post Chesapeake COO Says NatGas is Part of Solution to Low-Carbon Future first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Two weeks ago a pathetically low six new permits were issued to drill shale wells across Pennsylvania, Ohio, and West… Continue reading The post 20 New Shale Well Permits Issued for PA-OH-WV May 30-Jun 5 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Broadcasting its intent to expand aggressively in the LNG export market, Chesapeake Energy is advertising to hire a liquefied natural… Continue reading The post Help Wanted: Chesapeake Energy Advertises for LNG Advisor first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Chesapeake Energy recently announced plans to partner with MiQ and Equitable Origin to seek responsibly sourced certification for its Lower 48 natural gas production, according to Natural Gas Intelligence. The company said it would be “the first company to independently certify and continuously monitor its natural gas production across two major shale gas basins” via
Read More...EQT Corp. and Chesapeake Energy Corp. are among potential buyers interested in Alta Resources, according to Bloomberg sources. The interested parties are weighing offers for Alta that could value the company at more than $3 billion. Alta is working with an advisor on a potential sale. Representatives for the parties didn’t respond to requests for
Read More...Chesapeake will pay a $1.9 million civil penalty to resolve a lawsuit over natural gas-related damage to streams and wetlands in five Pennsylvania counties, according to Penn Live. The proposed consent decree was filed last week in U.S. Middle District Court at the same time a suit the federal government and state brought against Chesapeake
Read More...Chesapeake Energy emerged from Chapter 11 bankruptcy proceedings in leaner shape and with a new strategic focus to turn its attention to natural gas, according to Forbes. The company’s exit from bankruptcy comes amid renewed optimism about the future prospects for natural gas, both in terms of price and usage around the world. Chesapeake CEO Doug
Read More...Chesapeake Energy will emerge from Chapter 11 bankruptcy next week having dumped $7 billion of old debt (out of $8.9 billion) and taking on $2.5 billion in new debt financing (see Court Approves Chesapeake Bankruptcy Plan to Dump $7B of Debt). Yesterday the company issued an announcement to say it is raising $1 billion of
Read More...Over the objections of a junior creditor group, a judge for the U.S. Bankruptcy Court in Houston said yesterday he will approve Chesapeake Energy’s bankruptcy plan to jettison $7 billion (out of $8.9 billion) worth of debt. Chesapeake will exit bankruptcy within the next 30 days and will continue to retain and drill on its
Read More...Last week Pennsylvania issued 25 new shale well drilling permits in both northeast and southwest PA, although most of the permits for SWPA. Ohio issued 4 new shale well permits, all of them to the same company (Encino Energy) and the same well pad (in Harrison County). West Virginia issued 6 new shale well permits,
Read More...Williams has received a past-due payment of $112 million from Chesapeake Energy Corp., following a court-approved resolution between the companies as part of Chesapeake’s bankruptcy proceedings, according to Natural Gas Intelligence. The Tulsa-based pipeline giant reached a global resolution last month to continue treating and moving Chesapeake’s natural gas in the Lower 48. It received the
Read More...Last week Pennsylvania issued 12 new shale well drilling permits with a mix of permits issued in both the southwest (wet gas) and northeast (dry gas) regions of the state. Ohio issued 7 new permits, all of them except one in the same county (Jefferson). West Virginia was a goose egg–no new permits issued last
Read More...Tapstone Energy successfully bid for and absorbed Cheapeake’s Oklahoma assets during a bankruptcy auction earlier this month, according to Natural Gas Intelligence. The recent sale includes more than 700,000 net acres covering producing formations in west and northwest Oklahoma. It adds to Tapstone’s foothold in the Anadarko Basin in Oklahoma, Texas and Kansas. The recently-sold
Read More...Pipeline giant Williams has cut a deal outside of bankruptcy court with Chesapeake Energy. The deal means Williams will continue to gather Chesapeake’s production in the Marcellus, Eagle Ford, and Midcontinent shale regions. Chessy has also committed to buying up to 150 million cubic feet per day (MMcf/d) of capacity on Williams’ new Transco Regional
Read More...Last week Pennsylvania issued 16 new shale well drilling permits, and West Virginia issued 7 new shale well permits. Ohio issued no new shale permits last week.This post appeared first on Marcellus Drilling News.
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