Chesapeake

Three’s No Charm: Raymond James Cuts U.S. Rig Forecast Again

On the heels of Chesapeake Energy Corp.’s spending cutbacks over the next two years (see related story), Raymond James & Associates Inc. Monday once again cut its projected U.S. rig count, predicting a reduction of 41%, or 850, for 2009.

December 9, 2008

GMX Joins Growing Chorus, Reduces 2009 Capex Plans

Oklahoma City-based GMX Resources Inc. Monday followed cross-town independent Chesapeake Energy Corp. in announcing plans to drastically reduce capital expenditures (capex) in 2009. The junior independent, considered a pure-play gas producer that has earned success in the emerging Haynesville Shale and Bossier Sands of Louisiana and East Texas, plans to cut its projected spending by 45%.

December 9, 2008

Natural Gas as Transport Fuel Gains Ground

Just how prescient were the recent comments of Chesapeake Energy CEO Aubrey McClendon and T. Boone Pickens about increasing the use of natural gas as a transportation fuel? General Motors Corp. (GM) now is calling natural gas an “enticing alternative” to petroleum, and Honda Motor Co. has begun touting “Phill,” a home refueling appliance available to owners of natural gas vehicles (NGV).

August 11, 2008

Natural Gas as Transport Fuel Gains Ground

Just how prescient were the recent comments of Chesapeake Energy CEO Aubrey McClendon and T. Boone Pickens about increasing the use of natural gas as a transportation fuel? General Motors Corp. (GM) now is calling natural gas an “enticing alternative” to petroleum, and Honda Motor Co. has begun touting “Phill,” a home refueling appliance available to owners of natural gas vehicles (NGV).

August 6, 2008

Expansion to Serve Delmarva Peninsula Given Green Light

Eastern Shore Natural Gas (ESNG), a subsidiary of Chesapeake Utilities, received FERC approval for a $33.6 million, 36% increase (47,450 Dth/d) in its pipeline capacity in Delaware and Pennsylvania in 2006, 2007 and 2008. The project will add 55 miles of pipeline looping and two new delivery points.

June 20, 2006

Eastern Shore Natural Gas to Expand Delmarva Pipe Yet Again

Chesapeake Utilities Corp. subsidiary, Eastern Shore Natural Gas Co. (ESNG), received approval on Wednesday from the Federal Energy Regulatory Commission (FERC) for an $8.5 million expansion of its natural gas pipeline in Pennsylvania and Delaware.

October 6, 2003

Transportation Notes

Columbia Gas (TCO) cited a force majeure situation at the Chesapeake LNG plant in saying shippers under Rate Schedules X-131, X-132 and X-133 will be entitled to flow on a daily basis only one-fourth of their Liquefaction Demand volumes. The restriction began Thursday and will remain in effect until the situation is remedied, TCO said. It also issued an OFO to shippers under the FSS rate schedule that also have FT capacity and to NTS rate schedule customers. The OFO will become effective at 10 a.m. EST Sunday. TCO said the order was issued to preserve the integrity of its storage fields and operating performance, and to maintain its ability to provide no-notice service. See the bulletin board for details of OFO compliance.

February 21, 2003
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