Chesapeake Energy Corp.’s shift to balance its natural gas-weighted portfolio required a lot of spending last year — an estimated $4.7 billion — to acquire liquids-rich property, but the risky outlay already is proving its worth, CEO Aubrey McClendon said this week.
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Texas Bill Would Require Frack Fluid Disclosure
A bill filed last Friday by the Republican chair of the Texas House Committee on Energy Resources to require disclosure of the contents of hydraulic fracturing (hydrofracking) fluid has bipartisan support as well as industry and environmentalist fans.
Texas Lawmaker Wants ‘Tracer’ in Frack Fluid
Texas natural gas producers would be required to add a “tracer” liquid to help identify the fluids they use in hydraulic fracturing (fracking) operations under a bill filed in the state legislature last Friday.
New York Assembly Approves Temporary Fracking Ban
A signature from outgoing New York Gov. David Paterson is all that is required for a temporary ban on hydraulic fracturing (fracking) to become effective in the Empire State following the New York State Assembly’s approval of the measure on Monday.
Pennsylvania DEP Investigates Frack Spill at XTO Well Pad
The Pennsylvania Department of Environmental Protection (DEP) is investigating a hydraulic fracturing (fracking) fluid spill at a natural gas well pad operated by ExxonMobil Corp. subsidiary XTO Energy Corp.
Pioneer JV Signs With Enterprise in Eagle Ford
Units of Enterprise Products Partners LP have struck 10-year agreements to provide midstream services for liquids-rich gas and crude oil production from the Eagle Ford Shale in South Texas, the partnership said Monday.
Schlumberger CEO: Gas Demand Needed to Keep Drilling Pace
The move by U.S. explorers to oil plays, and by implication, the oilfield services business, will buoy Schlumberger Ltd. into 2011, but higher natural gas demand is required to keep up the pace in North American natural gas drilling “beyond a certain point in time,” CEO Andrew Gould said Friday.
Schlumberger CEO: Higher Gas Demand Needed to Keep Drilling Pace
The move by U.S. explorers to oil plays, and by implication, the oilfield services business, will buoy Schlumberger Ltd. into 2011, but higher natural gas demand will be required to keep up the pace in North American natural gas drilling “beyond a certain point in time,” CEO Andrew Gould said Friday.
Cheniere: Sabine Pass LNG Could Cost $1.6B
Manufacturing and materials required to build a proposed liquefaction and export plant at the existing Sabine Pass liquefied natural gas (LNG) import terminal in Cameron Parish, LA, would cost more than $1.6 billion, Cheniere Energy subsidiary Sabine Pass Liquefaction LLC said in a draft resource report filed with FERC.
Industry Dodges Hydrofracing Bullet in House Committee
Oil and natural gas producers dodged a bullet Wednesday when Rep. Diana DeGette (D-CO) agreed to withdraw a controversial amendment that would have required service companies to publicly disclose the fluids used in hydraulic fracturing (hydrofracing), a technique used to stimulate production of natural gas from wells drilled in shale gas plays.