Against

Chesapeake Energy Corp. filed a lawsuit against former partner Gastar Exploration Ltd., alleging that it is owed $130 million from a failed joint venture in Texas.

The U.S. Court of Appeals for the Fifth Circuit in New Orleans has ruled against Chesapeake Energy Corp. in its bid to reverse a $19.7 million judgment over a canceled oil and gas lease offer in Texas, a decision that may hold implications on canceled lease claims by mineral rights owners in several other states.

Chesapeake Energy Corp. on Wednesday clinched multiple agreements to sell most of its prized Permian Basin properties to heavyweights Royal Dutch Shell plc and Chevron Corp. and its remaining midstream properties to Global Infrastructure Partners (GIP), which together with other asset sales would give the cash-strapped producer total net proceeds of $6.9 billion.

The San Francisco-based Center for Biological Diversity has issued a 60-day notice of intent to file a lawsuit against the Bureau of Land Management (BLM) for allegedly failing to keep wildlife protected from hydraulic fracturing (fracking) of oil and gas wells on federal lands it manages in the Monterey Shale in central California.

A coalition of grassroots organizations in Ohio has started a campaign to restore local governments’ ability to regulate oil and natural gas drilling, a “home rule” power that could potentially be used by opponents of hydraulic fracturing (fracking) to ban the practice in their communities.

Australia’s BHP Billiton Ltd. took a $2.84 billion pre-tax charge against the value of dry gas assets in the Fayetteville Shale that it acquired just last year due to weak natural gas prices and oversupply. Further, the company’s once-touted Petrohawk Energy Corp., also bought last year, so far this year has been a loss-maker.

Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and it would reduce drilling activity in response to continuing low natural gas prices.

Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and that it would reduce drilling activity there in response to continuing low natural gas prices.

Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and that it would reduce drilling activity there in response to continuing low natural gas prices.