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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EV Energy Partners Stock Down as Sale of Utica Assets Proves Elusive
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.
New York Debate Enters New Stage as Fracking Rules Deadline Passes
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 Downplays NatGas, Begins BioGas Push
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.
USGS: No Groundwater Contamination From Fayetteville Wells
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.
Clean Energy Partners with Covanta Energy on CNG Fueling
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.
ICE’s $8.2B NYSE Tie-Up to Help Iconic Exchange Evolve
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.
ICE Acquires NYSE in $8.2B Deal
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 DEP Secretary Blasts Lawmaker Over Water Testing Allegations
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.
Midwest, California Gain; Futures Advance After Storage Data
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.