Chesapeake Energy Corp. has to sell “at least” $7 billion worth of assets this year to avoid a breach of debt covenants and a credit downgrade, a senior analyst with Moody’s Investors Service said Thursday.
Avoid
Articles from Avoid
Chesapeake Facing Breach of Debt Covenants, Says Moody’s
Chesapeake Energy Corp. has to sell “at least” $7 billion worth of assets this year to avoid a breach of debt covenants and a credit downgrade, a senior analyst with Moody’s Investors Service said Thursday.
FERC Formalizes Gas-Power Coordination Inquiry
FERC Thursday opened for public comment a proposal on how to improve coordination between the natural gas and electricity industries to avoid a repeat of the severe gas service outage that curtailed service to thousands of customers in the Southwest last winter.
FERC Formalizes Gas-Power Coordination Inquiry
FERC Thursday issued a proposed rule seeking public comment on how to improve the coordination between the natural gas and electricity industries to avoid a repeat of the severe gas service outage that curtailed service to thousands of customers in the Southwest last winter.
Chesapeake’s Latest Deal Secures Needed Funding
Chesapeake Energy Corp., one of the biggest deal makers in the U.S. energy patch, has secured more funding for its onshore exploration and production program after it agreed to sell its natural gas pipeline gathering system in the Marcellus Shale to an affiliate for $865 million, analysts said.
Shippers Blame Columbia for System’s Congestion
It wasn’t the overload of Marcellus Shale supplies, but poor planning by Columbia Gas Transmission LLC that “may have created or contributed” to the storage constraints on its system in northern Ohio, Indicated Shippers said in a protest to the pipeline request for a tariff increase.
Natgas Yields Subsidy-Free Ethanol, Company Says
Making ethanol from newly abundant natural gas instead of corn would avoid taking food off the world’s table and could create another market for growing gas supplies coming from U.S. and other shale basins. Dallas-based Celanese Corp. last year announced a technology to do just that and is gearing up its efforts as Washington lawmakers move closer to repealing an ethanol subsidy supported by corn growers.
Ethanol Can Come from Natural Gas Without Subsidies
Making ethanol from newly abundant natural gas instead of corn would avoid taking food off the world’s table and would create another market for growing gas supplies coming from U.S. and other shale basins. Dallas-based Celanese Corp. last year announced a technology to do just that.
New Natural Gas Commodity Fund Holds Shoulder Month Contracts
The Teucrium Natural Gas Fund (NAGS Fund) began trading as an exchange-traded fund on the New York Stock Exchange (NYSE) Arca Tuesday, seeking to avoid the pitfalls that have dogged an existing natural gas commodity fund by basing daily changes in its net asset value (NAV) on a weighted average of the New York Mercantile Exchange (Nymex) Henry Hub quotes for the four shoulder months instead of just the front month.
New Natural Gas Commodity Fund Holds Shoulder Month Contracts
The Teucrium Natural Gas Fund (NAGS Fund) began trading as an exchange-traded fund on the New York Stock Exchange (NYSE) Arca Tuesday, seeking to avoid the pitfalls that have dogged an existing natural gas commodity fund by basing daily changes in its net asset value (NAV) on a weighted average of the New York Mercantile Exchange (Nymex) Henry Hub quotes for the four shoulder months instead of just the front month.