Chesapeake Energy Corp., the most prolific driller and the second largest natural gas producer in the United States, wrote down $2 billion in natural gas reserves in 3Q2012, which wiped out the equivalent of 4.9 Tcf of its reserves and triggered the company’s biggest net loss in three years.
Driller
Articles from Driller
Horseheads, NY, Considering Moratorium on Fracking
Despite seeing some economic benefits from Marcellus Shale drilling in neighboring Pennsylvania, elected officials in the Town of Horseheads, NY, are considering a moratorium on hydraulic fracturing (fracking) in their community.
June 4, 2012
Drillers Making Most of Migration to Oil
The dry natural gas market is in a “dire state,” according to Tulsa-based contract driller Helmerich & Payne Inc. (H&P). However, it and competitor Patterson-UTI Energy Inc. are making the most of the industry’s migration to liquids-rich and oil plays.
February 6, 2012
Out-of-Work Gas Rigs Get Oil Jobs, Driller Says
The natural gas market may be in a “dire state,” but Tulsa-based contract driller Helmerich & Payne Inc. is poised to benefit as customers migrate to oil and liquids-rich shale plays where its high-performance AC-drive rigs are well suited to the more complicated work, CEO Hans Helmerich said Tuesday.
February 2, 2012
Driller Making Most of Migration to Oil
The natural gas market may be in a “dire state,” but Tulsa-based contract driller Helmerich & Payne Inc. is poised to benefit as customers migrate to oil and liquids-rich shale plays where its high-performance AC-drive rigs are well suited to the more complicated work, CEO Hans Helmerich said Tuesday.
February 1, 2012
Driller: Old Rigs Can’t Hack the Shales
Contract driller Helmerich & Payne Inc. has been repositioning its rig fleet or the last 10 years, well in advance of the shale revolution that has swept the oil and gas patch. Back then it wasn’t known how well suited the firm’s FlexRigs would be to horizontal drilling in the shales. As it turns out, they work quite well, H&P CEO Hans Helmerich told financial analysts during a fiscal fourth quarter earnings conference call.
November 21, 2011
Driller: Old Rigs Can’t Hack the Shales
Contract driller Helmerich & Payne Inc. has been repositioning its rig fleet or the last 10 years, well in advance of the shale revolution that has swept the oil and gas patch. Back then it wasn’t known how well suited the firm’s FlexRigs would be to horizontal drilling in the shales. As it turns out, they work quite well, H&P CEO Hans Helmerich told financial analysts during a fiscal fourth quarter earnings conference call.
November 21, 2011
Chesapeake Claims Utica ‘Economically Superior’ to Eagle Ford
Chesapeake Energy Corp. CEO Aubrey McClendon told financial analysts on Friday the company’s Utica Shale leasehold in Ohio “is likely most analogous, but economically superior to, the Eagle Ford Shale in South Texas.”
August 1, 2011
Chesapeake Saddles Up to Buy Bronco
Chesapeake Energy Corp. said Friday it would pay $315 million to buy land driller Bronco Drilling Co. Inc. to advance its goal to own two-thirds of the rigs it operates in its unconventional drilling program.
April 18, 2011
Pennsylvania Township Proposes Mediation with Range
A shale-rich township in southwestern Pennsylvania is proposing mediation to resolve a dispute with a local gas driller.
April 13, 2011
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