Risk-taker and rule-breaker Aubrey McClendon, who co-founded Chesapeake Energy Corp. and then retired on April 1, appears to be making a comeback in the U.S. exploration and production (E&P) arena, with one of his start-ups apparently buying one or two leaseholds in the Utica Shale, sources toldNGI.
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Unconventional Gas Production Hits New Record in Pennsylvania
A biannual production report posted by the Pennsylvania Department of Environmental Protection (DEP) shows the state’s stable of unconventional gas wells produced a record 1.42 Tcf during the first six months of 2013.
Flaring Draws Renewed Interest in Wyoming, North Dakota
Wyoming and North Dakota are stepping up statewide assessments of ways to cut down on the volumes of associated natural gas flaring at oil wellhead sites, but the economics for oil/gas operators in some cases are complicating the efforts.
Florida Regulators Approve Utility NGV Programs
With strong state legislative support, the Florida Public Service Commission (PSC) on Tuesday approved new commercial natural gas vehicle (NGV) programs for three Chesapeake Utilities Corp. companies operating in the state.
Chesapeake’s Dixon, Three Execs ‘to Pursue Other Opportunities’
Chesapeake Energy Corp.’s long-time COO Steve Dixon, who was named interim CEO in April and held the post until mid-June, left the company Monday with three other top executives, according to a memo sent to employees by CEO Doug Lawler.
Chesapeake COO Dixon Out, Other Top Execs Gone
Chesapeake Energy Corp.’s long-time COO Steve Dixon, who was named interim CEO until Doug Lawler came aboard in June, left the company Monday with three other top executives, according to a memo by Lawler.
EXCO Pins Hopes to JVs, Eagle Ford and Haynesville Expansions
Officials with EXCO Resources Inc. said its acquisitions in the Eagle Ford and Haynesville shales during the second quarter were the foundation for future expansion, while its financial position would be bolstered through its joint ventures (JV) with Kohlberg Kravis Roberts & Co. LP (KKR), Harbinger Group Inc. and BG Group plc.
Chesapeake Ends Fight to Extend New York Leases
Chesapeake Energy Corp. no longer wants to fight the state of New York’s moratorium on unconventional drilling and is allowing leases it holds in the Southern Tier to expire.
Marcellus Infrastructure Buildout Quickens, Says Access
The number of Marcellus Shale natural gas wells waiting on infrastructure provided by Access Midstream Partners LP has fallen by more than half since the end of 2012, CEO J. Mike Stice said Wednesday.
Heavy Metals Found in Barnett Area Water, But Source Unknown
A study of Barnett Shale region water wells has found elevated levels of heavy metals near natural gas extraction sites, but a link to drilling/production activity has not been determined and may not be, researchers from the University of Texas at Arlington (UTA) said.