Chesapeake

SM Energy Inks $225M Eagle Ford Asset Sale

SM Energy Co. said it has agreed with undisclosed buyers to divest a portion of its Eagle Ford Shale position.

June 15, 2011

West Virginia Unlikely to Shut Morgantown Wells

West Virginia Department of Environmental Protection (DEP) Secretary Randy Huffman told NGI’s Shale Daily it is unlikely that the DEP would honor a request by the City of Morgantown to issue a stop work order on two Marcellus Shale gas wells in the city’s industrial park.

June 6, 2011

West Virginia City Moves Against Two Gas Wells

City officials in Morgantown, WV, were scheduled to meet Tuesday night to discuss two resolutions targeting two Marcellus Shale gas wells in the city’s industrial park and take up a proposed watershed protection ordinance.

June 2, 2011

West Virginia DEP Amends Two Marcellus Well Permits

The West Virginia Department of Environmental Protection (DEP) last Thursday amended permits for two Marcellus Shale gas wells being erected in Morgantown to include closed-loop drilling systems, but it has no plans at this time to make the systems a statewide requirement.

May 25, 2011

Boroughs Nix Lease Proposal in Suburban Pittsburgh

Two communities in suburban Pittsburgh voted against a proposal for their regional park authority to sign a five-year, non-surface lease with a land brokerage firm this week, effectively killing the deal.

April 19, 2011

Chesapeake Taking More Midstream Services

MarkWest Liberty Midstream & Resources LLC has signed up units of Chesapeake Energy Corp. for additional midstream services in the Marcellus Shale in northern West Virginia, the partnership said Wednesday.

January 21, 2011

Southwestern to Cut Spending, Sharpen Focus on Fayetteville Shale

Southwestern Energy Co. will devote $1.9 billion to its capital investment program in 2011, down 10% compared with $2.1 billion in 2010, with most of it continuing to be spent on operations in the Fayetteville Shale where the Houston-based producer expects to see a significant increase in production.

December 21, 2010

Unit of Japanese Firm Buying Niobrara Oil Shale Stake

A unit of Japan’s ITOCHU Corp. is to acquire a one-quarter interest in Niobrara oil shale acreage in southeastern Wyoming, marking the first time a Japanese company is participating in a U.S. oil shale project.

October 18, 2010

Florida Public Utilities, Chesapeake Utilities Propose Merger

In a move that would create a $595 million combined energy company serving 200,000 customers in three states, Chesapeake Utilities Corp. (CPK) and Florida Public Utilities Co. (FPU) said Monday they have agreed to merge FPU with a CPK subsidiary.

April 21, 2009

Independent Gas Producers Alliance to Promote Industry

Some of the largest independent producers in the United States — including Chesapeake Energy Corp., Devon Energy Corp. and Newfield Exploration Co. — have formed the American Natural Gas Alliance (ANGA) with a “singular mission” — to increase the public’s “awareness and appreciation” of the abundant domestic gas supplies.

February 26, 2009