Tag: chesapeake energy

Researcher: 2014 slated to be most active year for global shale drilling

This year is slated to be the most active year for international drilling yet, even as investors show less interest in risky ventures, a Wood Mackenzie researcher said this week.  More »

Oil companies pay $630M in Pennsylvania drilling fees

Anadarko Petroleum, Chesapeake Energy and others will pay the state of Pennsylvania about $225 million in fees this year for drilling in the gas-rich Marcellus Shale, but critics of state law say they aren’t paying enough.  More »

Report: Cheap gas will fuel US manufacturing job surge through 2020

An ample supply of cheap natural gas has ignited a U.S. manufacturing surge projected to expand plant payrolls and drive demand for chemicals, machinery and steel through the end of the decade, according to a report released Thursday.  More »

Chesapeake Energy files to spin off $2.2B oil field unit

Chesapeake Energy filed regulatory documents Monday in preparation for the public spinoff of its $2.2 billion oil field service business, set for an undisclosed date this year.  More »

Moody’s: Many US energy companies on investors’ hit list

Activist investors are getting impatient with oil producers who have redirected large investments from U.S. shale gas to liquid plays, building out projects that often take years to become profitable, according to Moody’s Investors Service.  More »

Bullish future for production, Chesapeake CEO says

From the swampy gas fields of Louisiana to Alberta’s icy tar sands to the jungles of Colombia, the best is yet to come for upstream production, panelists agreed during an afternoon discussion at CERAWeek.  More »

Exterran to buy Chesapeake assets for $360M

Natural gas services contractor Exterran Partners said Friday it plans to buy hundreds of midstream compression units from Chesapeake Energy for $360 million.  More »

McClendon collects $680M to buy shale acreage in Oklahoma

Aubrey McClendon’s new oil and gas venture wants to buy a sizable chunk of oil land in northern Oklahoma to supplement its large position in Ohio.  More »

Chesapeake Energy mulls sale, spinoff of division

Chesapeake Energy Corp. is considering selling or possibly spinning off its oilfield services unit to help maximize shareholder value.  More »

Chesapeake investing in natural gas play as prices rise

Climbing natural gas prices could help Chesapeake Energy profit off a plan to revive the nearly forgotten shale reservoir it had gambled billions of dollars on six years ago. And the seven to nine rigs Chesapeake expects to deploy to the Haynesville Shale this year could boost daily rates for U.S. land drilling companies, analysts say.  More »

McClendon oil company to raise $2.9B with promise to go public

McClendon’s new oil and gas venture will soon collect as much as $2.9 billion from investors in a bid to acquire and drill acreage in Ohio’s southern Utica Shale. And it has promised investors to turn a $750 million debt offering into equity once it goes public.  More »

Chesapeake’s new financial approach pays off in debt market

Chesapeake Energy’s new financial discipline has shareholders worried about energy production declines but has pleased bondholders with stricter spending levels.  More »
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