Tag: Chesapeake Energy
Chesapeake comes out of the trough – Wood Mackenzie
Chesapeake is also targeting the Powder River Basin again after an unsuccessful divestment attempt At Chesapeake’s 2016 Analyst Day, it was clear that the company’s new ex-Anadarko management team had significantly changed Chesapeake’s business strategy, and the outlook is promising, according to Wood Mackenzie. In Wood Mackenzie’s latest report and Crude for Thought podcast, their analysts explore Chesapeake’s […]
Chesapeake Energy rumoured to be selling Barnett Shale position
Chesapeake is focusing its capital in the Haynesville, where it’s running three rigs, with hopes to have 140 wells online by 2017 If a long-rumoured sale of Chesapeake Energy’s Barnett Shale assets comes to fruition, thousands of producing Texas wells could change hands to the tune of US$1.4 billion, according to Wood Mackenzie. Wood Mackenzie’s Lower 48 […]
Chesapeake Energy facing another suit over Barnett Shale royalty fees
Involves oil/gas leases covering more than 5,400 Barnett Shale mineral acres, more than 750 producing gas wells More than 30 business entities and individuals are suing Chesapeake Energy Corp. (NYSE: CHK) based on claims that the company structured a series of contracts in order to receive excessive fees and other charges after the 2009 sale […]
Oklahoma police find no evidence of Aubrey McClendon suicide
Aubrey McClendon died in a fiery crash one day after being indicted By Heide Brandes OKLAHOMA CITY, June 8 (Reuters) – The fiery crash that killed U.S. oilman Aubrey McClendon in March after his car hit a wall was an accident, Oklahoma’s medical examiner said on Wednesday, echoing a police inquiry’s findings a day earlier that there […]
Oilfield service firm Seventy Seven Energy files for bankruptcy
Seventy Seven Energy spun out of Chesapeake Energy in 2014 By Tom Hals June 7 (Reuters) – Oilfield services company Seventy Seven Energy Inc filed for a prepackaged Chapter 11 bankruptcy on Tuesday to carry out a plan to convert $1.1 billion of its debt into equity in a reorganized company. Seventy Seven offers drilling […]
Aubrey McClendon death investigations could take months
Aubrey McClendon died in fiery crash in Oklahoma OKLAHOMA CITY _ State officials say investigations into the death of energy magnate Aubrey McClendon in a fiery single-car crash in Oklahoma City could take months to complete. Oklahoma City Police Sgt. Ashley Peters says a probe of Wednesday’s accident likely will take up to two weeks, […]
Chesapeake Energy reports net loss of $4.15 billion for Q2
Despite loss, Chesapeake Energy looking to expand in 2016 Chesapeake Energy Corp reported a quarterly loss, compared with a year-earlier profit, as it took a $5-billion charge on some oil and gas assets. The U.S. natural gas producer reported a net loss of $4.15-billion, or $6.27 per share, attributable to shareholders for the second quarter ended […]
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