Mega

Chesapeake Energy Corp., the mega-operator that Aubrey McClendon built shale-by-shale, is being repurposed brick-by-brick as the company transitions from risky exploration to steady production.

Chesapeake Energy Corp., the mega-operator that Aubrey McClendon built shale-by-shale, is being repurposed brick-by-brick as the company transitions from risky exploration to steady production.

BP plc’s decision to rethink one of its long-planned mega-projects in the deepwater Gulf of Mexico (GOM) is one of a growing list of big industry projects that today are being reconfigured because of cost overruns and changing market conditions.

BP plc’s decision to rethink one of its long-planned mega-projects in the deepwater Gulf of Mexico (GOM) is one of a growing list of big industry projects that today are being reconfigured because of cost overruns and changing market conditions.

Natural gas cash prices overall surged 17 cents on average Monday led by mega-gains extending from the Rockies to Chicago. Without losses posted at a handful of Northeast points, the average gain becomes 21 cents.

Cash prices overall fell an average 15 cents Friday, but if the weather and constraint driven mega-downmoves by eastern and northeast points are included, the average overall decline would have been $1.83. Weather forecasts called for a warming trend by Monday and constraints on a major pipeline were lifted.

BP plc last week clinched a mega-deal to sell its troubled half-stake in Russian explorer TNK-BP to Russian energy giant OAO Rosneft for $17.1 billion in a cash-and-stock transaction.

BP plc on Monday clinched a mega-deal to sell its troubled half-stake in Russian explorer TNK-BP to Russian energy giant OAO Rosneft for $17.1 billion in a cash-and-stock transaction.

Revenues from natural gas liquids (NGL) — particularly those from liquids-rich shale plays — have been like a mega vitamin for anemic dry gas economics, but it’s not the fourth quarter of 2011 anymore, and currently depressed NGL prices are expected to stick around for a while.