Anadarko’s new CEO pledges to stay the course
Former investment banker Al Walker on Tuesday takes the helm of Anadarko, one of the world’s largest independent oil and gas producers, succeeding a chief executive credited with building one of the industry’s most attractive exploration portfolios. More »
Skepticism surrounds Chesapeake finances
A $3 billion loan late Friday and assurances from Chesapeake Energy Corp. executives Monday morning did little to assuage concerns by analysts and investors about the embattled natural gas company’s finances. More »
Carl Icahn: Chesapeake’s white knight?
Embattled Chesapeake Energy told analysts on a conference call this morning that it expects activist investor Carl Icahn to disclose a big stake in the Oklahoma City-based natural gas producer. More »
Analysts ask hard questions about Chesapeake liquidity
Analysts sounded skeptical at a Monday morning analyst call, weighing Chesapeake Energy’s explanation of how it will resolve looming liquidity issues against their own judgment. More »
Chesapeake Energy says $3 billion loan resolves any liquidity questions
Chesapeake Energy told investors this morning that planned asset sales of $9.5 billion and a $3 billion unsecured loan leave it with sufficient cash flows, as it tried to dispel Friday’s concerns that it might be prevented from selling assets by other debt covenant requirements. More »
See what gasoline myths aren’t true and ways to save on gas
See what gasoline myths aren’t true and tips to save money on gasoline. More »
Chesapeake’s shares take a dive
Chesapeake Energy Corp.’s shares fell almost 14 percent Friday afternoon as the embattled natural gas producer said it may have to delay some asset sales as it fights to raise cash amid weak natural gas prices.
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Survey: Energy execs cautious about acquisitions
Just 31 percent of surveyed oil and gas executives expect to pursue acquisitions over the next 12 months, down from 48 percent in October, according to an Ernst & Young report. More »
Chesapeake’s McClendon receives $108 million for sale of wells
Chesapeake CEO Aubrey McClendon received $108 million for his share in wells sold between the beginning of 2011 and the end of April 2012, the company disclosed in its 2012 proxy statement issued today. More »
ERCOT looking for ways to keep lights for the summer, future
As the warm Texas summer months loom, the Electric Reliability Council of Texas is searching for ways to keep the lights on through this summer and in the future. More »
Chesapeake may have big undisclosed liability
Chesapeake Energy Corp., already facing a Securities and Exchange Commission inquiry for loans its chief executive made against company assets, may also be carrying $1.4 billion in undisclosed liability. More »
Waste Management adding cleaner, natural-gas vehicles
The iconic rumbling garbage truck may have met its match: natural gas. More »
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