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.
Articles from Pleasant
Ohio’s New Utica Maps Give Picture of Current, Future Drilling
The Ohio Department of Natural Resources (ODNR) has updated several maps and data charts for the Utica Shale and Point Pleasant formation, including one map showing the weight of Total Organic Carbon (TOC) that could be used by operators to decide where to drill in the future.
Chesapeake Puts Cana Woodford Properties on Market
Chesapeake Energy Corp. is selling legacy properties in the Cana Woodford Shale, including the rights to 298 producing wells, “because it does not have the drilling budget to adequately develop the abundant additional opportunities in the area,” according to a sales listing. Ninety-eight percent of the leases are held by production.
Anadarko Ramps Up Three Wells in Eastern Ohio
Anadarko Petroleum Corp. has drilled and is producing from three wells in the eastern Ohio portion of the Utica Shale, the most recent of which delivered more than 9,500 bbl of crude oil and 12 MMcf of natural gas in the first 20 days online, the producer said Thursday.
Don’t Expect a Utica Boom in 2012, Panel Says
Despite the big players and big money pouring into the Utica and Point Pleasant Shales of Ohio over the past 90 days, don’t expect the play to boom next year, a diverse panel told attendees at Hart Energy’s 2011 DUG (Developing Unconventional Gas) East conference in Pittsburgh last Thursday.
‘Abandon All Hope’ on Natgas Prices
The near-term outlook for U.S. natural gas prices has come into focus — and it’s not a pleasant picture, according to energy analysts.
‘Abandon All Hope’ on Natgas Prices, Says Raymond James
The near-term outlook for oil prices has blurred but the outlook for U.S. natural gas prices is more in focus — and it’s not a pleasant picture, according to analysts with Raymond James & Associates Inc.
Kinder: Eagle Ford Draws Big Spenders
Given the difference in prices for natural gas liquids (NGL) and dry gas, NGL content in the Eagle Ford Shale “makes for a much more pleasant experience” for producers there, Kinder Morgan Energy Partners LP (KMP) Chief Rich Kinder told financial analysts last week. And burgeoning activity in the South Texas play has filled up a KMP midstream project there.
Kinder: Producers Are Spending Big in the Eagle Ford
Given the difference in prices for natural gas liquids (NGL) and dry gas, NGL content in the Eagle Ford Shale “makes for a much more pleasant experience” for producers there, Kinder Morgan Energy Partners LP (KMP) Chief Rich Kinder told financial analysts Wednesday. And burgeoning activity in the South Texas play has filled up a KMP midstream project there.
Quoddy Bay Ruling Reversed; Downeast Withdraws Permit Filing
A federal appeals court has breathed new life into a lawsuit brought by six members of the Pleasant Point Passamaquoddy Reservation who are seeking to derail the Quoddy Bay liquefied natural gas terminal (LNG) proposed for development on tribal land in Maine.