Aubrey

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.

Finding a way to use natural gas as a mainstream transportation fuel is the “holy grail’ for the industry, Chesapeake Energy Corp. Aubrey McClendon told a packed audience Wednesday at the World Shale Gas Conference & Exhibition in Grapevine, TX.

By next spring U.S. natural gas prices will be $6-7/Mcf and around 900 gas rigs will be operating onshore, Chesapeake Energy Corp. CEO Aubrey McClendon said last week. However, gas producers will be in a world of hurt for the next few months because of a lack of storage capacity, he said.

By next spring U.S. natural gas prices will be $6-7/Mcf and around 900 gas rigs will be operating onshore, Chesapeake Energy Corp. CEO Aubrey McClendon said Tuesday. However, gas producers will be in a world of hurt for the next few months because of a lack of storage capacity, he said.

Some of Chesapeake Energy Corp.’s shareholders are voicing their disappointment in CEO Aubrey McClendon’s 2008 generous compensation package, and at least one shareholder group wants more information on how it was determined.

Some of Chesapeake Energy Corp.’s shareholders are voicing their disappointment in CEO Aubrey McClendon’s 2008 generous compensation package, and at least one shareholder group wants more information on how it was determined.

Even if the natural gas price “signals to drill again,” producers will be slow to do so, Chesapeake Energy Corp. CEO Aubrey McClendon said Wednesday. The extra cash from higher prices for as long as the next two years is more likely to “go to fill up the buckets again before people get aggressive with the drillbit,” he said.

Even if the natural gas price “signals to drill again,” producers will be slow to do so, Chesapeake Energy Corp. CEO Aubrey McClendon said Wednesday. The extra cash from higher prices for as long as the next two years is more likely to “go to fill up the buckets again before people get aggressive with the drillbit,” he said.

Chesapeake Energy Corp. CEO Aubrey McClendon agreed to helm the Oklahoma City-based natural gas producer for another five years under a new employment contract that awarded him a one-time $75 million bonus for the leadership role he played in negotiating four joint ventures in the Haynesville, Woodford, Fayetteville and Marcellus shales.