Chesapeake Energy Corp. on Monday clinched a trio of separate oil and natural gas transactions in unconventional fields are to give it total proceeds of $2.6 billion.
Carter
Articles from Carter
High U.S. Reserves Levels Not Seen Since the ’70s
Not since 1976 — when Peter Frampton was on the radio and Jimmy Carter was heading to the White House — have U.S. proved reserves of natural gas stood as high as they did last year, according to the U.S. Department of Energy’s Energy Information Administration (EIA).
Producers Top Off Nation’s Gas Reserves to Levels Not Seen in 30 Years
Not since 1976 — when Peter Frampton was on the radio and Jimmy Carter was heading to the White House — have U.S. proved reserves of natural gas stood as high as they did last year, according to the U.S. Department of Energy’s Energy Information Administration (EIA).
Transportation Notes
NGPL plans to run a sweeping pig Thursday in the Midcontinent Zone’s Segment 2 from Station 156 (Kiowa County, OK) to Station 801 (Carter County, OK). Eleven meters will be unavailable for scheduling on that gas day.
House Panels Seek Interviews with Roster of Enron Workers
On top of asking the Securities and Exchange Commission (SEC) to turn over financial records on the once high-flying Enron Corp., two House panels have fired off letters to Chairman and CEO Kenneth Lay and former CFO Andrew S. Fastow seeking mounds of financial information related to the off-balance sheet entities that sparked the free-fall in the energy trader’s stock, and further interviews with key players who may possess critical information about the corporation’s financial collapse.
Oneok Boosts Sycamore Gathering Share
Oneok bought an additional 55% of the Sycamore gathering systemin Carter County, OK, from Continental Natural Gas of Tulsa, OK,giving it 97% of the system. Oneok is operator of the system and amajor producer in the area. “This is a continuation of our strategyof concentrating ownership in areas where we have a growing reservebase to maximize value for our shareholders,” said David Kyle,Oneok COO.