Aubrey McClendon, who founded and then took Chesapeake Energy Corp. to the top of the U.S. natural gas industry, has launched a U.S. onshore-based exploration and production (E&P) company that is near his former company’s headquarters in Oklahoma City.
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Shares of EV Energy Partners LP (EVEP) took a hit Friday after the company announced net losses for the fourth quarter and full-year 2012, and said it could take anywhere from one month to the rest of the year to sell most of its acreage in the eastern Ohio portion of the Utica Shale.
As the state of New York missed Wednesday’s deadline to create regulations for high-volume hydraulic fracturing (HVHF), supporters and opponents of the practice took aim at Gov. Andrew Cuomo, anti-fracking lawmakers sought a one-year moratorium, and a landowners group said it would sue the state over the delay.
California regulators last week took action that longer term could lower natural gas demand in a state with a 5 Bcf/d appetite by approving a less gas-dependent long-term plan for Southern California Edison Co.’s (SCE) future sources of electricity and launching a rulemaking to examine how to integrate biomethane into the state’s extensive gas pipeline grid.
The U.S. Geological Survey (USGS) said domestic water wells in two Arkansas counties showed no evidence of contamination from oil and natural gas drilling in the Fayetteville Shale, but it cautioned that additional testing would be necessary to provide an adequate comparative analysis.
The nascent market for compressed natural gas vehicles (CNG) took another step forward as Seal Beach, CA-based Clean Energy Fuels Corp., a natural gas vehicle (NGV) fuel supplier, said that it will construct up to seven CNG fueling stations at waste management facilities across the country capable of fueling 30 refuse trucks a day.
Proving that the round of exchange consolidation that took place just a few years ago wasn’t quite complete, Atlanta-based IntercontinentalExchange (ICE) on Thursday said it plans to acquire the New York Stock Exchange (NYSE) in a deal valued at $8.2 billion. ICE executives pointed out that the deal, if consummated, would bring little change to the iconic Manhattan trading floor.
Proving that the round of exchange consolidation that took place just a few years ago wasn’t quite complete, Atlanta-based IntercontinentalExchange (ICE) on Thursday said it has agreed to acquire the New York Stock Exchange (NYSE) in a deal valued at $8.2 billion. ICE was quick to say that the deal, if consummated, would bring little change to the iconic Manhattan trading floor.
Pennsylvania Department of Environmental Protection (DEP) Secretary Michael Krancer took aim at a state lawmaker for accusing his agency of wrongdoing when it tested water supplies allegedly tainted by natural gas drilling.
The overall cash market took a cue from the exuberant futures market and on average posted close to an 8-cent gain Thursday. The Midwest and California markets were strong as were some eastern points.