Proved

Chesapeake Still Roiling; S&P Downgrades

The tribulations at Chesapeake Energy Corp. proved to be a rerun of the week before, with the stock price ticking lower, more shareholders publicly voicing their disapproval, another credit ratings agency downgrade and the board of directors announcing yet more changes. However, CEO Aubrey McClendon said last week he was confident several planned property sales this year would plug a funding gap estimated at $10 billion.

May 21, 2012

Chesapeake Liabilities Deepen; Pickens Dumps Stock

Chesapeake Energy Corp. said in a regulatory filing Friday that it may have to delay some of the planned oil and natural gas asset sales this year, which could up be to $14 billion, because low natural gas prices may stretch its ability to comply with credit covenants.

May 14, 2012

‘Depressed’ Gas Prices Force PDC to Suspend Marcellus Drilling

PDC Mountaineer (PDCM), a joint venture (JV) of Petroleum Development Corp. (PDC) and Lime Rock Partners V LP, will temporarily suspend drilling in the Marcellus Shale “due to the current depressed natural gas price environment,” according to Denver-based PDC.

March 5, 2012

MIT Economists See Risks in Basing Energy Outlook on Shale Gas

U.S. shale gas resources have proved to be a boon to the domestic economy and an aid to potential climate change policy, but there are risks in basing the country’s energy outlook on high expectations for recoverable reserves, according to a trio of energy economists.

February 20, 2012

U.S. Shale Gas May Erode ‘Bridge’ to Low Emissions Future

Unconventional shale gas in the United States has proved to be a boon to the domestic economy, but if it’s only a “bridge” to a low carbon future, efforts have to be stepped up to “prepare a landing at the other end” — and that won’t be easy, energy economists said in a new report.

February 16, 2012

Risky to Base U.S. Energy Outlook on Shale Gas, Say MIT Economists

U.S. shale gas resources have proved to be a boon to the domestic economy and an aid to potential climate change policy, but there are risks in basing the country’s energy outlook on high expectations for recoverable reserves, according to a trio of energy economists.

February 16, 2012

Apache Doubles Anadarko Liquids Acreage

Apache Corp. is picking up 254,000 net acres in the Granite Wash, Tonkawa, Cleveland and Marmaton plays in Oklahoma and Texas with estimated proved reserves of 71.5 million boe through a $2.85 billion deal to acquire privately held Cordillera Energy Partners III LLC, the Houston-based company said last week.

January 30, 2012

Apache Pays $2.85B for Cordillera, Adds to Anadarko Properties

Apache Corp. is picking up 254,000 net acres in the Granite Wash, Tonkawa, Cleveland and Marmaton plays in Oklahoma and Texas with estimated proved reserves of 71.5 million boe through a $2.85 billion deal to acquire privately held Cordillera Energy Partners III LLC, the Houston-based company said Monday.

January 24, 2012

Apache Deal More than Doubles Liquids Acreage in Anadarko Basin

Apache Corp. is picking up 254,000 net acres in the Granite Wash, Tonkawa, Cleveland and Marmaton plays in Oklahoma and Texas with estimated proved reserves of 71.5 million boe through a $2.85 billion deal to acquire privately held Cordillera Energy Partners III LLC, the Houston-based company said Monday.

January 24, 2012

Carrizo Tops Production Goal in Eagle Ford

With recent production from the Eagle Ford Shale and Niobrara Formation, Carrizo Oil & Gas Inc. passed its target of 5,000 net b/d, the company announced Wednesday.

December 29, 2011