Chesapeake

Can Lower 48 E&Ps Ramp Up Production? Not So Fast, Execs Say

Can Lower 48 E&Ps Ramp Up Production? Not So Fast, Execs Say

It will take more than $100/bbl oil and an energy crisis in Europe for Lower 48 exploration and production (E&P) firms to substantially raise production, according to executives from three leading onshore producers who spoke at the CERAweek event in Houston. Pioneer Natural Resources Co. CEO Scott Sheffield told the CERAWeek by S&P Global conference…

March 16, 2022
Chesapeake Gains Approval for $6.3M Royalties Settlement with Pennsylvania Landowners

Chesapeake Gains Approval for $6.3M Royalties Settlement with Pennsylvania Landowners

After more than seven years, a federal court has given final approval to two class action settlements that would require Chesapeake Energy Corp. to pay Pennsylvania landowners more than $9 million for improperly calculating oil and gas royalties.  The U.S. District Court for the Southern District of Texas certified two settlement classes this week. The…

August 25, 2021
Chesapeake Recommits to Natural Gas as Portfolio, Production Set to Balloon

Chesapeake Recommits to Natural Gas as Portfolio, Production Set to Balloon

Chesapeake Energy Corp. on Wednesday strengthened its commitment to boost natural gas output, announcing an acquisition to bolt on acreage in the Haynesville Shale and laying out early plans to focus heavily on the play and other gas-rich assets in the Appalachian Basin next year. The company’s plan to acquire Vine Energy Inc. for $2.2…

August 11, 2021
Chesapeake Looks to Dominate Natural Gas-Rich Haynesville with $2.2B Vine Takeover

Chesapeake Looks to Dominate Natural Gas-Rich Haynesville with $2.2B Vine Takeover

Oklahoma City-based Chesapeake Energy Corp. is going back to the future, agreeing Wednesday to pay $2.2 billion for one of the Haynesville Shale’s biggest natural gas producers, Vine Energy Inc. The announcement hearkened to the past, when Chesapeake took advantage of low natural gas prices in the mid-2000s to build the biggest Lower 48 portfolio…

August 11, 2021
Chesapeake to Certify Haynesville, Appalachia Natural Gas Production as Responsibly Sourced

Chesapeake to Certify Haynesville, Appalachia Natural Gas Production as Responsibly Sourced

Chesapeake Energy Corp. said Wednesday it is partnering with nonprofits MiQ and Equitable Origin to certify its Lower 48 natural gas production as responsibly sourced under a rigorous set of environmental, social and governance (ESG) criteria. Oklahoma City-based Chesapeake said it would be “the first company to independently certify and continuously monitor its natural gas…

July 14, 2021
Chesapeake Pilot to Responsibly Produce Natural Gas in Haynesville, Marcellus

Chesapeake Pilot to Responsibly Produce Natural Gas in Haynesville, Marcellus

Chesapeake Energy Corp. said Tuesday it has launched a pilot program with environmental monitoring company Project Canary to continuously measure methane emissions and obtain certification that natural gas from Marcellus and Haynesville shale wells is responsibly produced. The agreement includes select well pads in Northeast Pennsylvania and Northwest Louisiana, but the companies said the partnership…

April 14, 2021
Pennsylvania Supreme Court Deals Blow to State’s Case Against Natural Gas Royalty Deductions

Pennsylvania Supreme Court Deals Blow to State’s Case Against Natural Gas Royalty Deductions

The Pennsylvania Supreme Court has ruled that the attorney general (AG) can’t use the state’s Unfair Trade Practices and Consumer Protection Law against natural gas producers in a setback to the AG’s case alleging landowners were underpaid royalties. The state’s high court reversed a lower court’s decision and ruled 6-1 that the law shields only…

March 30, 2021
Chesapeake Reaches $5.3M Settlement with Pennsylvania Over Royalties Dispute

Chesapeake Reaches $5.3M Settlement with Pennsylvania Over Royalties Dispute

The Pennsylvania Attorney General’s (AG) Office has reached a $5.3 million settlement with Chesapeake Energy Corp. to resolve claims that the company deceived landowners and underpaid royalties on natural gas production. The settlement, which comes more than five years after the state filed a lawsuit, requires Chesapeake to pay restitution to landowners in Northeast Pennsylvania…

March 9, 2021
Chesapeake Exits Bankruptcy, Pledges to End Routine Flaring in Completions ‘Immediately’

Chesapeake Exits Bankruptcy, Pledges to End Routine Flaring in Completions ‘Immediately’

Oklahoma City-based Chesapeake Energy Corp. on Tuesday put the Chapter 11 process in the rear-view mirror and said it wants to take up the gauntlet to develop its substantial Mother Lode of Lower 48 natural gas. At one time the largest natural gas producer and biggest leaseholder in the onshore, Chesapeake succumbed to bankruptcy last…

February 10, 2021
Chesapeake Focusing on Natural Gas with Reset Midstream Contracts Post-Bankruptcy

Chesapeake Focusing on Natural Gas with Reset Midstream Contracts Post-Bankruptcy

Oklahoma City-based Chesapeake Energy Corp. on Tuesday put the Chapter 11 process in the rear-view mirror and said it wants to take up the gauntlet to develop its substantial Mother Lode of Lower 48 natural gas. At one time the largest natural gas producer and biggest leaseholder in the onshore, Chesapeake succumbed to bankruptcy last…

February 10, 2021
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