Chesapeake Energy Corp. CEO Aubrey McClendon continues to put his money where the shale is, most recently by adding another 500,000 net acres to the company’s million-plus acre leasehold in the Appalachian Basin.
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Chesapeake Ups Ante in Marcellus; CEO Predicts ‘Oil Shale Revolution’
Chesapeake Energy Corp. CEO Aubrey McClendon continues to put his money where the shale is, most recently by adding another 500,000 net acres to the company’s million-plus acre leasehold in the Marcellus Shale.
Futures Higher Despite Expectations of Another Robust Storage Add
After trading in a range between $3.507 and $3.613 during Wednesday’s regular trading session, November natural gas futures ended up adding 2.6 cents to Tuesday’s rally to close Wednesday at $3.539.
Futures Fall Below $4 to End Week
Adding to the week’s trend of back-and-forth trading — a product of a directionless market — October natural gas futures probed lower values on Friday and closed at $3.881, down 13.8 cents from Thursday’s finish and 14.3 cents below the previous week’s close.
Oneok Partners to Expand NGL System in Williston Basin
Oneok Partners LP on Monday launched plans to build $595-730 million of natural gas liquids (NGL) projects between now and 2013, with most of the funds directed to the Williston Basin of North Dakota.
Wyoming May Protect More Land for Sage Grouse
Wyoming officials on Tuesday recommended adding more state land as protected habitat for sage grouse, which the team’s chairman said was paramount to maintaining a vibrant economy for the state.
LNG Capacity Grows Upstream and Down
Two more components of the global liquefied natural gas (LNG) supply infrastructure recently came online, adding liquefaction and regasification capacity.
Range: More Processing Capacity Sweetens Marcellus Netbacks
The third phase of a Marcellus Shale gas processing infrastructure expansion program has been completed, adding 120 MMcf/d of cryogenic processing capacity, Range Resources Corp. said Monday.
WSI Still Sees Chilly Winter Ahead for Eastern States
Adding weight to the near-consensus winter forecast, Andover, MA-based WSI Corp. said the next three months will bring cooler-than-normal temperatures to the East and South Central United States, with above-normal temperatures dominating the West and North Central regions. Based on its forecast and population-weighting algorithms, WSI said it expects gas and electricity demand this winter to be about the same as last year.
WSI Still Sees Chilly Winter Ahead for Eastern States
Adding weight to the near-consensus winter forecast, Andover, MA-based WSI Corp. said the next three months will bring cooler-than-normal temperatures to the East and South Central United States, with above-normal temperatures dominating the West and North Central regions. Based on its forecast and population-weighting algorithms, WSI said it expects gas and electricity demand this winter to be about the same as last year.