Landowner groups in Ohio say they are battling it out with Chesapeake Energy Corp., the largest leaseholder in the Utica Shale, over the company’s attempts to renegotiate leases to expand acreage and increase the size of drilling units.
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Financial Transactions Cut into Chesapeake’s NAV, Says Analyst
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.
NGI The Weekly Gas Market Report
Jurors Weigh Fate of Former Enron Chiefs; Lay’s New Trial Begins
With most of the journalists and court watchers gone, jurors in the trial of Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling begin their third day of deliberations Monday in Houston. However, there is no rest for Lay, who is expected to be back on the stand in a different trial Monday to defend himself against four counts of bank fraud for personal loans he took out from three banks. His fate will be decided not by a jury but by presiding U.S. District Judge Sim Lake.
Skilling Expected to Begin Testimony Monday
Dozens of journalists from around the country waited in Houston Thursday for ex-Enron Corp. CEO Jeffrey Skilling to take the stand in his defense. The wait proved long and ultimately, futile. Skilling now is expected to begin his testimony on Monday.