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Shale patch heavyweight Chesapeake Energy Corp. has reached its debt reduction goal, built an internal oilfield services unit to counter cost inflation and grew first quarter production 20% as it increasingly emphasized higher-value oil and natural gas liquids (NGL), CEO Aubrey McClendon enthused during an earnings conference call Tuesday. But Wall Street was not impressed.

Ed Duncan is returning to Alaska’s North Slope where his career began about 30 years ago. This time around he has today’s unconventional drilling technologies to unlock what he expects will be a new beginning for himself and for the state.

The day before the Pittsburgh City Council voted to prohibit natural gas drilling there (see Shale Daily, Nov. 17), commissioners in South Fayette Township, on Pittsburgh’s southwestern edge, voted to ban drilling in conservation areas and all residential zones, including suburban communities and rural farmland.

The Pittsburgh City Council on Tuesday approved an ordinance prohibiting natural gas drilling in the city, despite questions about the ordinance’s legality.

With promising deepwater Gulf of Mexico projects, Chevron Corp. is in no hurry to buy anything in the U.S. onshore, CFO Pat Yarrington said Friday.

Producers and consumers “didn’t really gain anything” from the Obama administration’s recent plan to allow the potential development of the South Atlantic and Mid-Atlantic coasts and parts of the eastern Gulf of Mexico (GOM), said the president of the Institute for Energy Research (IER) last Monday.

Producers and consumers “didn’t really gain anything” from the Obama administration’s recent plan to allow the potential development of the South Atlantic and Mid-Atlantic coasts and parts of the eastern Gulf of Mexico (GOM), said the president of the Institute for Energy Research (IER) Monday.

Producers and consumers “didn’t really gain anything” from the Obama administration’s recent plan to allow the potential development of the South Atlantic and Mid-Atlantic coasts and parts of the eastern Gulf of Mexico (GOM), said the president of the Institute for Energy Research (IER) Monday.

December natural gas futures shot higher in Monday morning trade, but some market-watchers were unconvinced that the move was anything more than a one-day diversion in the larger down move. The prompt-month contract finished at $4.614, up 22.2 cents from Friday’s close.