Operator

A Michigan landowner is suing Chesapeake Energy Corp., Encana Corp. and a state-based operator, alleging that they conspired to rig a state auction bidding process to acquire oil and natural gas leases in 2010.

A Michigan landowner has filed a lawsuit alleging that Chesapeake Energy Corp., Encana Corp. and a state-based operator conspired to rig a state oil and gas leasehold auction in 2010.

The federal government is considering the possibility of regulating the safety of gathering lines that serve the Marcellus Shale play in Pennsylvania, the head of the Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) told a Senate panel Monday.

Gulf of Mexico (GOM) operator ATP Oil & Gas Corp., which filed for bankruptcy protection last August, has asked the court for permission to auction some of its shallow-water wells.

Once a high-flying global merchant power plant developer/operator tied to one of the top U.S. energy holding companies, Edison Mission Energy (EME) crash landed Monday with a Chapter 11 bankruptcy filing.

Canadian ferry operator Societe des traversiers du Quebec (STQ) has ordered what is expected to be the first ferry in North America to be powered by liquefied natural gas (LNG).

Denbury Resources Inc. said Monday that it has completed the first phase of its sale of 196,000 net acres in the Bakken Shale to ExxonMobil Corp. for $1.6 billion in cash and ExxonMobil’s operating interests in Webster Field in Texas, Hartzog Draw Field in Wyoming and an interest in the Carbon Dioxide (CO2) reserves in ExxonMobil’s LaBarge Field in Wyoming.

Chesapeake Energy Corp.’s second-largest investor Carl Icahn has increased his stake in the Oklahoma City-based operator to 8.98% from 7.6%, according to a regulatory filing by the company. The activist investor earlier this year pushed for governance changes, including replacing Aubrey McClendon as chairman. Icahn was instrumental in shaking up the board of directors and appointed an associate, Vincent J. Intrieri, as one of four new members (see NGI, June 25).

Chesapeake Energy Corp.’s second-largest investor Carl Icahn has increased his stake in the Oklahoma City-based operator to 8.98% from 7.6%, according to a regulatory filing by the company. The activist investor earlier this year pushed for governance changes, including replacing Aubrey McClendon as chairman. Icahn was instrumental in shaking up the board of directors and appointed an associate, Vincent J. Intrieri, as one of four new members (see Daily GPI, June 22).