Damaged

Chesapeake Energy Corp.’s (CHK) financial and operating deals, impacted by low natural gas realizations, have damaged the calculated net asset value (NAV) of some of the natural gas plays in its massive portfolio, according to an analysis by ITG Investment Research.

Chesapeake Energy Corp.’s (CHK) various financial deals have damaged the net asset value (NAV) of the company’s massive oil and natural gas portfolio, according to ITG Investment Research analysts.

Chesapeake Energy Corp. (CHK) is the second largest natural gas producer and one of the largest leaseholders in the United States but its various financial deals have damaged the net asset value (NAV) of its portfolio, according to ITG Investment Research.

A new proposal in Pennsylvania aims to protect natural gas gathering lines in the quick growing Marcellus Shale region from accidentally getting damaged during excavation.

Bison Pipeline reported that the section of pipe damaged in a July 20 rupture had been repaired, and it was beginning inline inspections Thursday as part of the restoration plan, allowing it to accept up to 200,000 Dth/d of nominations for Friday’s gas day.

The Interior Department’s chief oil and gas regulator said Thursday that BP plc must pay royalties on all oil and natural gas captured from the damaged Macondo well in the Gulf of Mexico. The company also is potentially liable for royalties on lost or wasted oil and gas from the well if it is determined that negligence or regulatory violations caused or contributed to the Deepwater Horizon explosion and resulting oil spill.

Enterprise Products Partners LP has completed repairs to the portion of its partially owned North Texas gas pipeline that was damaged on the afternoon of June 7 in rural Johnson County, TX, the partnership said Monday.

BP plc was able early Thursday to shear off the damaged riser pipe connected to the Macondo well in the deepwater Gulf of Mexico but “it’s simply the beginning,” CEO Tony Hayward said in Houston.

Rockies Express (REX) said Friday it had removed a damaged transformer at Cheyenne Compressor Station and set a new one in place. “Work on connecting the new transformer is proceeding around the clock,” REX said. “With the current progress, and barring any unforeseen circumstances with start-up, resumption of service is now anticipated to occur on Monday.”