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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.

Two research projects to assess the oil shale potential of the Piceance Basin in northwestern Colorado are undergoing preliminary assessment by the Bureau of Land Management (BLM) in Colorado.

Williams Partners LP has modified the open season for Atlantic Access, a proposed expansion of its Transco interstate pipeline, as a result of discussions with potential shippers (see Shale Daily, Feb. 7). Transco is increasing the total firm transportation capacity, offering additional firm transportation paths and revising the proposed in-service date to December 2015. The revised open season runs through July 13. Atlantic Access would connect gas supplies originating in western West Virginia and Pennsylvania to markets in the Northeast, Mid-Atlantic, Southeast and Gulf Coast regions. Transco is now proposing a total of six firm transportation paths under the project. Two of the three original paths have been fully subscribed. For customer inquiries, contact Gary Duvall at (713) 215-2589.

In separate filings Wednesday, the American Gas Association (AGA) and the American Public Gas Association (APGA) buttressed each other’s comments and said they generally support — with a few qualifiers — the proposed rulemaking by FERC to revise the transparency regulations for wholesale natural gas transporters and sellers (see Daily GPI, April 20).