Three days after reporting an upbeat financial and operating performance in the second quarter, Chesapeake Energy Corp. said in a regulatory filing on Thursday it was subpoenaed in late June by the Department of Justice’s Midwest Field Office antitrust division.
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Articles from Second
Canadian Natural Cuts 2012 Gas Drilling in Half
Canadian Natural Resources Ltd. has shut in an average 20 MMcf/d so far this year and now has 40 MMcf/d shuttered because of low natural gas prices, the Calgary producer said Thursday.
August 13, 2012
PG&E Foresees San Bruno Settlements by Year-End
Nearing the second anniversary of the 2010 natural gas transmission pipeline rupture and explosion in the San Francisco suburb of San Bruno (see Daily GPI, Sept. 13, 2010), Pacific Gas and Electric Co. (PG&E) is hoping to reach a global settlement on four ongoing state regulatory proceedings that are plaguing the multi-billion-dollar combination utility, according to PG&E Corp. CEO Anthony Earley.
August 8, 2012
U.S. Onshore, GOM Fuel Record Anadarko Output
U.S. onshore and deepwater Gulf of Mexico (GOM) output helped Anadarko Petroleum Corp. post record sales volumes in the second quarter, but profits plunged following a $978 million write-down related to low natural gas prices on coalbed methane (CBM) properties.
August 1, 2012
BG Group Net Profits Fall 77% in 2Q; Focus Shifts to LNG
Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and that it would reduce drilling activity there in response to continuing low natural gas prices.
July 30, 2012
Demand Drives LNG Heat Exchanger Capacity Expansion
Demand for heat exchangers to be used in liquefied natural gas (LNG) projects around the world has prompted Air Products to construct a second heat exchanger manufacturing facility at a new location in Manatee County, FL, the company said.
July 30, 2012
BG Group Cuts Shale Rig Count, Focuses on LNG
Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and that it would reduce drilling activity there in response to continuing low natural gas prices.
July 30, 2012
BG Focuses on LNG, Cuts Shale Rigs
Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and it would reduce drilling activity in response to continuing low natural gas prices.
July 30, 2012
Oneok Plans $1B Shale-Focused Midstream Buildout
Oneok Partners LP Thursday said it would spend between $980 million and $1.1 billion by 2014 on a slate of natural gas and natural gas liquids (NGL) midstream projects in Texas, Oklahoma and North Dakota.
July 27, 2012
FERC Orders to Give Uinta Producers More Access to Processing
FERC Thursday issued two orders that will allow Questar Pipeline Co. and Chipeta Processing LLC to modify their facilities to provide producers in the Uinta Basin with greater transportation and cryogenic processing capability for liquids-rich natural gas.
July 20, 2012
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