Call

Chesapeake Energy Corp. co-founder Aubrey McClendon was re-elected as chairman and CEO on Friday, despite a call for his ouster by an influential shareholder advisory firm.

Responding to President Obama’s call for federal agencies to streamline their regulations, the Interior Department last week said it plans to explore a “simplified market-based approach” for valuing oil and gas to calculate the billions of dollars in royalty payments that are owed each year to the federal government for production on publicly owned onshore and offshore property.

Responding to President Obama’s call for federal agencies to streamline their regulations, the Interior Department said it plans to explore a “simplified market-based approach” to determine the value of oil and natural gas for royalty purposes.

Consol Energy announced Wednesday that its plans to drill 70 wells in the Marcellus Shale play by the end of the year were slightly ahead of schedule, thanks to the 13 horizontal wells it drilled during 1Q2011.

The Pennsylvania Department of Environmental Protection (DEP) is having to revise wastewater statistics after one producer misreported figures.

A trade group representing municipal gas utilities has renewed its call for Congress to revise the Natural Gas Act (NGA) to give shippers on interstate natural gas pipelines the authority to request refunds if their rates have been over-recovered.

A trade group representing municipal gas utilities has renewed its call for Congress to revise the Natural Gas Act (NGA) to give shippers on interstate natural gas pipelines the authority to request refunds if their rates have been over-recovered.

Australian energy giant BHP Billiton Petroleum has become the latest international energy heavyweight to buy into U.S. shale plays with a transaction to acquire Chesapeake Energy Corp.’s Fayetteville Shale portfolio for $4.75 billion cash.

Whether Range Resources unit Range Production Co. drilling in the Barnett Shale caused alleged water well contamination is a tough call, but it can be made on the evidence available, staff of the Railroad Commission of Texas (RRC) told hearing examiners in its closing statement on the case last Tuesday.