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Chesapeake Readies New Strategy with Growing Output

Chesapeake Energy Corp., with a new CEO leading the way, is beginning a new era for the company as well, moving away from spending to secure big leaseholds in the onshore to living within its cash flow.

August 2, 2013
Marcellus/Utica De-Bottlenecking on the Horizon, Barclays Says

Marcellus/Utica De-Bottlenecking on the Horizon, Barclays Says

The opening of the Mariner West I ethane pipeline and new processing plants should provide some relief to current wet gas constraints in the Marcellus and Utica shales, and the plays should be largely de-bottlenecked by the end of next year, according to analysts at Barclays.

July 29, 2013
Sinopec Claims Half-Stake in Chesapeake’s Mississippian Lime

Sinopec Claims Half-Stake in Chesapeake’s Mississippian Lime

Chesapeake Energy Corp. has begun operating its 850,000 net acre leasehold in the Mississippian Lime jointly with China’s Sinopec International Petroleum Exploration Corp. after the duo completed a $1 billion-plus joint venture (JV) agreement.

July 2, 2013

Maryland Floats Draft Fracking Rules

Maryland’s Department of Environment (MDE) and Department of Natural Resources have released a draft report describing best practices for drilling and production that should be required if horizontal drilling and hydraulic fracturing of natural gas wells is permitted in the state’s portion of the Marcellus Shale, which is confined to its two westernmost counties.

June 28, 2013

Flood-Ravaged Calgary, Southern Alberta Hunker Down

As industry and energy regulators again were forced to stay away from their offices in Calgary’s flooded downtown a state of emergency still prevailed Monday in the city and much of southern Alberta, according to government and industry sources.

June 25, 2013

Chesapeake Shareholders Reelect Board, Reject Declassification

Chesapeake Energy Corp. shareholders reelected the company’s board of directors, but rejected separate proposals to implement proxy access, reincorporate in Delaware and declassify the board, the last of which would have made it easier to replace the entire board in one fell swoop.

June 18, 2013

Chevron Planning Regional Headquarters in Pittsburgh Area

Chevron Corp. said it has reached agreements to acquire two adjoining parcels of land totaling 61 acres in Moon Township in the Pittsburgh metropolitan area as a potential site for its regional headquarters office campus.

May 8, 2013

Proposed Alaska Fracking Rules Too Strict, Industry Says

The Alaska Oil and Gas Conservation Commission (AOGCC) is weighing stricter regulations for hydraulic fracturing (fracking) that, among other things, would require expanded notification of landowners before fracking begins and disclosure of chemicals used in frack fluids.

April 9, 2013
Natural Gas Boom Boosting Louisiana Manufacturing

Natural Gas Boom Boosting Louisiana Manufacturing

Louisiana’s economic output will grow by $30 billion between 2011 and 2019 as a result of natural gas-induced investment, according to a report by Louisiana State University’s Center for Energy Studies that details the impact of the natural gas boom on the state.

January 22, 2013

U.S. Shale Boom Attracts Foreign Chemical, Service Firms

Although many of its nations have so far spurned their own shale development, European chemical and energy service companies are benefiting from the U.S. shale gas development and the resulting low natural gas prices on this side of the Pond, according to an American Chemistry Council (ACC) economist.

December 11, 2012
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