Veteran

Chesapeake Energy Corp. (CHK) is the second largest natural gas producer and one of the largest leaseholders in the United States but its various financial deals have damaged the net asset value (NAV) of its portfolio, according to ITG Investment Research.

E. Russell (Rusty) Braziel, a 30-year energy industry veteran, has left Bentek Energy to launch an energy industry networking and consulting business based in Houston. RBN Energy, which stands for Rusty Braziel’s Network, looks to gather people with complementary skills and needs within the industry to take advantage of advances in social networks that have been advanced by Linkedin, Facebook, Twitter and others, but with the added advantage of being a managed platform that continuously monitors the latest developments in energy markets, and uses that information to “get the right people” together. “Energy markets are big, complicated and can be daunting,” Braziel noted on RBN’s website www.rbnenergy.com. “Today these markets are going through some of the biggest changes in decades. Shale and tight sands technologies first hit the natural gas business, resulting in huge supply surpluses over the past three years. As we enter 2012, natural gas liquids and crude oil markets are experiencing the same phenomenon.” Braziel joined Bentek in 2005 as vice president of sales and marketing and was one of the company’s owners until its acquisition by Platts in January 2011. Braziel spent 20 years with Chevron Corp. predecessor company Texaco as vice president of natural gas marketing and trading and manager of natural gas liquids supply. Subsequently he was vice president of business development for Williams. Braziel also founded Altra Energy Technologies, a developer of energy transaction management software and electronic trading systems, including the Chalkboard Trading System (now IntercontinentalExchange).

Private equity firm Quantum Energy Partners has formed Bluestem Energy with industry veteran Jack Hightower to mainly acquire oil and gas producing properties as well as engage in the exploitation and exploration of reserves in North America.

Natural gas futures dropped a second consecutive day on Wednesday but some veteran market watchers remained unimpressed, noting that they believe the near-term bottom to the market at $3.810 was recorded last Thursday.

Natural gas futures dropped a second consecutive day on Wednesday but some veteran market watchers remained unimpressed, noting that they believe the near-term bottom to the market at $3.810 was recorded last Thursday.

Two veteran energy executives are building a regionally focused gas marketing business in New York and Pennsylvania on the back of the Marcellus Shale. EnergyMark LLC recently bought New York and Pennsylvania assets of Constellation NewEnergy-Gas Division LLC, which is a subsidiary of Constellation Energy Group Inc.

Two veteran energy executives are building a regionally focused gas marketing business in New York and Pennsylvania on the back of the Marcellus Shale. EnergyMark LLC recently bought New York and Pennsylvania assets of Constellation NewEnergy-Gas Division LLC, which is a subsidiary of Constellation Energy Group Inc.

Two veteran energy executives are building a regionally focused gas marketing business in New York and Pennsylvania on the back of the Marcellus Shale. EnergyMark LLC recently bought New York and Pennsylvania assets of Constellation NewEnergy-Gas Division LLC, which is a subsidiary of Constellation Energy Group Inc.

California Gov. Arnold Schwarzenegger Wednesday moved to fill two upcoming vacancies on the five-member California Energy Commission (CEC), naming a veteran energy policy expert and a scientist with experience at the state air pollution regulatory agency that sites electric generation plants. The appointments of Robert Weisenmiller, 61, and Anthony Eggert, 37, require confirmation by the state Senate.