Chesapeake

Crestwood Takes Control of PRB System in $485M Deal with Williams

Crestwood Equity Partners LP has taken full ownership of the Jackalope Gas Gathering System and Bucking Horse Processing Plant in Converse County, WY, after acquiring the other half stake from Williams for $485 million in cash.

April 10, 2019

In Another Win for Pennsylvania AG, Royalties Lawsuit Advances

A Pennsylvania appellate court handed the state attorney general’s (AG) office a victory last week, finding that it may move ahead with a wide-ranging lawsuit against Chesapeake Energy Corp. and Anadarko Petroleum Corp. for deceptive business practices.

March 20, 2019

Ohio E&P Consolidation Continued in 2018 as Oil, NatGas Volumes Jumped

Even fewer independent operators pushed combined conventional and unconventional natural gas production to new highs in Ohio last year, as the consolidation that’s occurred in the state over the last decade continued, according to data included in the Ohio Oil and Gas Association’s (OOGA) annual Debrosse Memorial Report.

March 15, 2019

Texas Court Rules Against Chesapeake in Eagle Ford Royalties Case

A Texas appeals court panel has ruled that Chesapeake Energy Corp. should have paid oil and gas royalties to Eagle Ford Shale leaseholders based on the gross proceeds from an adjacent well, not from take points within the trigger distances of the leases.

March 15, 2019

Encino Dividing Focus Evenly Among Wet, Dry Natural Gas in Ohio’s Utica

Houston-based Encino Energy LLC last month took over drilling and completion operations on a massive Utica Shale position in Ohio that it acquired late last year in a $2 billion deal from the play’s pioneer Chesapeake Energy Corp., with plans for steady growth in the state as it works to make the assets its own.

March 11, 2019

Encino Plans ‘Big Role’ in Ohio as Work Begins on New Utica Portfolio

Houston-based Encino Energy LLC last month took over drilling and completion operations on a massive Utica Shale position in Ohio that it acquired late last year in a $2 billion deal from the play’s pioneer Chesapeake Energy Corp., with plans for steady growth in the state as it works to make the assets its own.

March 8, 2019

Chesapeake Aiming for Transformational Oil Growth in PRB, Eagle Ford

Chesapeake Energy Corp. is poised to transform its production profile to seize the momentum it gained in 2018 to continue boosting oil volumes, with this year’s capital expenditures mainly being directed to the Powder River Basin (PRB) and the Eagle Ford Shale to drive that growth.

February 27, 2019

Proppant Producers Focusing on Texas Operations as Demand Sinks

Emerge Energy Services LP unit Superior Silica has contracted to supply sand from its in-basin mine in San Antonio for Chesapeake Energy Corp.’s growing fracture/completions program in the Eagle Ford Shale under a new agreement, the company said Monday.

January 9, 2019

Chesapeake Signals Less Activity, Lower Rig Count in 2019

Chesapeake Energy Corp. on Wednesday joined the chorus of operators planning to cut back this year in response to falling commodity prices and investors’ call for continuing financial discipline, announcing plans to reduce capital expenditures by lowering its rig count.

January 9, 2019
Chesapeake $4B WildHorse Deal to Add Upper Eagle Ford, Austin Chalk Assets

Chesapeake $4B WildHorse Deal to Add Upper Eagle Ford, Austin Chalk Assets

Chesapeake Energy Corp. said Tuesday it plans to acquire East Texas-focused WildHorse Resource Development Corp. to significantly expand its position in the Upper Eagle Ford Shale and Austin Chalk formations in a cash-and-stock deal valued at nearly $4 billion that management said would double oil production growth and further reduce debt.

October 30, 2018