Chesapeake Energy Corp. no longer wants to fight the state of New York’s moratorium on unconventional drilling and is allowing leases it holds in the Southern Tier to expire.
Tag / nymex settlement
Subscribenymex settlement
Articles from nymex settlement
Unconventional Technology Still in Early Days, Says COGA Panel
Technological innovations in the oil and gas industry have led to some remarkable discoveries over its 150-year history, but even with the plethora of inventions that have boosted U.S. reserves, there’s still plenty to learn, energy stalwarts said last week at the Colorado Oil & Gas Association’s 25th Annual Rocky Mountain Energy Summit.
Natural Gas Guiding Sempra’s Growth
With continued confidence that their proposed Gulf Coast-based liquefied natural gas (LNG) export project will begin construction next year, Sempra Energy senior executives last week said they are looking for other market growth opportunities from the shale-driven U.S. gas supply boom.
Risk-Takers Leading Energy Industry, Says Ex-DOE Official
It will be up to risk-taking entrepreneurs –and not Congress– who will lead the way for the oil and natural gas industry, a former U.S. Department of Energy (DOE) official said Wednesday in Denver.
Heavy Metals Found Near Barnett NatGas Sites
A study of Barnett Shale region water wells has found elevated levels of heavy metals near natural gas extraction sites, but a link to drilling/production activity has not been determined and may not be, researchers from the University of Texas at Arlington (UTA) said.
JPMorgan Penalized for Gaming Power Markets
FERC last Tuesday approved a stipulation and consent agreement ordering JP Morgan Ventures Energy Corp. (JPMVEC) to pay $410 million in penalties and disgorge profits for allegedly manipulating power markets in California and the Midwest.
Massachusetts NatGas Leaks Said to Cost $1.5B Over 10 Years
In a litmus test on the costs to utility consumers for natural gas lost through leaky distribution pipeline systems and other sources, Massachusetts consumers paid as much as $1.5 billion more in the last decade just for the leaks, a congressional study has found.
Centrica Unit to Pay $1.03B for Hess Energy Marketing Business
Centrica plc North American subsidiary Direct Energy Business has agreed to acquire Hess’s New Jersey-based energy marketing business for $731 million in cash and approximately $300 million in net working capital, the UK utility said Tuesday.
FERC Calls for Review of Tetco Flows on Appalachian Gas Growth
FERC has called for a technical conference to address an intermittent reversal of natural gas flow on Texas Eastern Transmission’s (Tetco) system in Ohio caused by the increasing influx of rich Appalachian gas.
Chesapeake’s New Strategy: Live Within Cash Flow
Chesapeake Energy Corp.’s shareholders were cheering last week after the company delivered a solid quarterly earnings report and outlines of a new strategy to live within cash flow, ending its longstanding mode of capturing leasehold to focus on developing only the best plays in the portfolio.