AEN Staff

Pennsylvania AG sues gas driller Chesapeake Energy over ‘deceptive’ leases

News

Chesapeake Energy accused of cheating landowners who signed drilling leases Pennsylvania’s attorney general sued one of the nation’s largest producers of natural gas on Wednesday over claims it cheated at least 4,000 landowners who signed drilling leases with the company. Oklahoma City-based Chesapeake Energy Corp. tricked landowners into signing industry-friendly leases in the early years

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Cenovus to cut capital spending by 19%, 2016 plan can handle oil at US$40

Energy Financial

Cenovus 2016 capital budget between $1.4B to $1.6B CALGARY _ If Cenovus Energy decides to revive shelved oilsands projects in the coming year, it won’t necessarily be because of a recovery in oil prices. “I’m not in any way looking for a price signal,” CEO Brian Ferguson said on a conference call with analysts Thursday to

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Colorado fracking battle goes to state Supreme Court, but ruling probably won’t be final word

News

Colorado fracking fight pits local governments against oil industry DENVER _ Colorado’s loud public battle over fracking went before the state Supreme Court on Wednesday as the cities of Longmont and Fort Collins tried to persuade the justices that local governments have the right to ban or delay the drilling technique. Fracking helped set off

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Alaska budget: Governor proposes first income tax in 35 years

Energy Financial

Low oil prices severely impact Alaska budget JUNEAU, Alaska _ Alaska Gov. Bill Walker is proposing instituting a personal income tax for the first time in 35 years as the oil-dependent state looks to plug a multibillion-dollar budget deficit amid chronically low prices. In laying out his budget plan Wednesday, Walker also proposed using the fund

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New draft of Paris climate accord is shorter, but doesn’t solve major disputes

Uncategorized

Money, goals still unclear in Paris climate accord LE BOURGET, France _ Negotiators released a new, shorter draft of an international accord to fight global warming Wednesday, and it leaves key issues unresolved just two days before high-stakes talks in Paris are scheduled to end. U.S. Secretary of State John Kerry challenged diplomats to reach agreement

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Companies ask judge to toss Oklahoma earthquake suit after high court says case can go forward

News

Oklahoma earthquake suit could cripple oil, gas production: Industry TULSA, Okla. _ Two energy companies are asking a judge to throw out a lawsuit by an Oklahoma woman who claims she was injured in an earthquake caused by the injection of wastewater deep into the ground, a method used for decades by the industry to dispose

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