Spoke

It’s no exaggeration that the shale gas boom has “momentous” implications and it is “revolutionary” in an historic perspective, according to ExxonMobil Corp.’s Paul Greenwood, who spoke last Tuesday at the LDC Gas Forum meeting in Chicago.

It’s no exaggeration that the shale gas boom has “momentous” implications and it is “revolutionary” in an historic perspective, according to ExxonMobil Corp.’s Paul Greenwood, who spoke Tuesday at the LDC Gas Forum Midcontinent meeting in Chicago.

It’s no exaggeration that the shale gas boom has “momentous” implications and it is “revolutionary” in an historic perspective, according to ExxonMobil Corp.’s Paul Greenwood, who spoke Tuesday at the LDC Gas Forum Midcontinent meeting in Chicago.

Chesapeake Energy Corp. CEO Aubrey McClendon, who Thursday spoke to analysts publicly for the first time in months beyond the Oklahoma City boardroom, said the company remains on track to sell up to $14 billion of assets by the end of the year, including a package of properties in the Permian Basin. He’s also confident that even as the company continues to turn toward more oily production, natural gas prices will strengthen in the coming months.

Countering claims that he moves in lockstep with the industry on Marcellus Shale issues, Pennsylvania Gov. Tom Corbett spoke out against forced pooling in a speech last Tuesday before a Pittsburgh audience.

Countering claims that he moves in lockstep with the industry on Marcellus Shale issues, Pennsylvania Gov. Tom Corbett spoke out against forced pooling in a speech Tuesday before a Pittsburgh audience.

Late Friday Anadarko Petroleum Corp. spoke up in defense of its creditworthiness following a ratings downgrade by Moody’s Investors Service that was prompted by the company’s potential liability for the Macondo well catastrophe in the Gulf of Mexico.

Several experts who spoke at GasMart in New Orleans last week agreed with the conclusion of a recent study by the New York Mercantile Exchange (Nymex) that found that hedge funds have been unfairly blamed for being the cause of recent gas price spikes.

Part of Wall Street spoke quickly and cautiously last Tuesday despite the separation of the Canada-to-California interstate PG&E Gas Transmission-Northwest pipeline from the Chapter 11 bankruptcy filing made by its parent, the PG&E Corp.’s merchant energy group, earlier in the day. The pipeline still could be sold off in the bankruptcy proceeding, a spokesperson said.