Fuel Fix

An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas on Thursday May 5, 2011. (Photo: John Davenport/San Antonio Express-News)

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 »
Oklahoma City Thunder Kevin Durant, left, celebrates with head coach Scott Brooks in the final seconds of Game 4 in a first-round NBA basketball playoff series against the Dallas Mavericks, Saturday, May 5, 2012, in Dallas. The Thunder won 103-97. (AP Photo/LM Otero)

Another concern for Chesapeake investors: what if the Thunder rolls again?

Given all the disclosures bombarding Chesapeake Energy investors in recent weeks, basketball may be the farthest thing from their minds, but the company’s liabilities extend, literally, in the arena of professional sports.  More »
(Photo: Flickr, Caston_Corporate)

Concho Resources buys $1 billion energy assets from Three Rivers

Concho Resources Inc., a U.S. oil and natural gas developer, agreed to buy all of closely held Three Rivers Operating Co.’s oil and gas assets for $1 billion in cash to expand its operations in Texas.  More »
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Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Gas drillers wrangle over NY limitations, bans

With all the restrictions in proposed state regulations and local bans, gas companies say about half of their lease holdings in the lucrative Marcellus Shale region in New York state will be off-limits or inaccessible to drilling if the state gives the green light to developers this year.  More »
Gas prices are posted at the Sunoco gas station in Philadelphia. . (AP Photo/Alex Brandon)

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 »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

Steffy: Chesapeake’s house of financial horrors

Chesapeake Energy’s best hope for survival, at least for the near future, may be the same muddled financial structure that has led to the company’s unraveling.  More »
Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

Chesapeake’s $3 billion lifeline heaps pressure on McClendon

Chesapeake Energy Corp. (CHK)’s $3 billion lifeline from New York banks increases the pressure on Chief Executive Officer Aubrey McClendon to sell Texas oilfields and find deep-pocketed drilling partners.  More »
Some Ohioans are asking for a ban on fracking for Natural Gas until the Environmental Protection Agency completes its study. (Photo: Ty Wright/Bloomberg)

Drilling prospects bring land rush to Illinois

It’s not a festival or the 19th century architecture that’s drawing the late-model cars from Texas, Oklahoma, Louisiana and Pennsylvania to the downtown square in this tiny, southern Illinois community.  More »
Beach-goers walk on the sand near the San Onofre nuclear power plant in San Clemente , Calif.  (AP Photo, Lenny Ignelzi, File)

Plan to cut tube wear falls short at Cal nuke site

A $670 million overhaul at California’s San Onofre nuclear plant was expressly intended to avoid the types of ailments that have sidelined its twin reactors.  More »

Shale may double Australia’s gas resources, Ferguson Says

Australia is likely to possess vast areas of shale that may double the country’s gas resources, according to a report released today by Resources and Energy Minister Martin Ferguson.  More »
tesla model s

Tesla to begin repaying U.S. loans by end of this year

Tesla Motors Inc. (TSLA), the electric-car company led by Elon Musk, is using the last of its $465 million in U.S. loans and plans to start repaying them by the end of the year, the first startup to fulfill requirements of the criticized program.  More »
Oil is seen on the creek water's surface near an illegal oil refinery in Ogoniland, outside Port Harcourt, in Nigeria's Delta region. A region of Nigeria's oil-rich southern delta suffers widespread ecological damage as spilled oil seeps into its drinking water, destroys plants and remains in the ground for decades at a time, according to a UN report. (AP Photo / Sunday Alamba)

Total says gas leak stopped at Nigeria field

French oil company Total SA said Sunday it stopped a natural gas leak at one of its plants in Nigeria’s crude-rich southern delta after 54 days, an emergency that forced the firm to shut down the field and evacuate the area.  More »
A cloud of natural gas spews from an out-of-control gas well owned by Chesapeake Energy Corp. on Wednesday, April 25, 2012, about 10 miles northeast of Douglas, Wyo. Residents living without 2 1/2 miles of the well have been given the choice to evacuate. The well blew out Tuesday afternoon and no injuries have been reported. (AP Photo/Casper Star-Tribune, Dan Cepeda)

Regulator: No fines in Wyoming gas well blowout

Wyoming’s top oil and gas regulator says the companies involved in a natural gas well blowout in eastern Wyoming last month won’t face any fines.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

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.  More »

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 »