In this Bloomberg video, Aubrey McClendon, CEO of Chesapeake Energy discusses the economics, logistics and potential of using natural gas as a transportation fuel. Current costs vary depending upon the source of gas but are generally equivalent to under $2.00 per gallon gasoline. Chesapeake plans to invest $1 billion to support natural gas as a vehicle fuel.
On July 28th Chesapeake Energyannounced spectacular drilling results for multiple wells in the Utica Shale of eastern Ohio. In this video, Chesapeake CEO Aubrey NcClendon tells Jim Cramer about the significance and potential value of their discovery. See the video and more at CNBC.com.
A post on the Seeking Alpha blog details how successful Chesapeake Energy has been at rapidly leasing enormous acreages in all of the major natural gas shale plays in the United States. They author calls them a “land acquisition machine”.
A article in the Dayton Daily News reports that oil and gas companies are rushing to lease land above the Utica Shale in eastern and central Ohio. They report that Chesapeak Energy has spent $1 billion on Utica Shale leases in Ohio.
An article on FuelFix explains why EOG Resources, Devon Energy and Chesapeake Energy are considered to be among the best-paying companies in the United States. This article also illustrates the amazing salary opportunities available through jobs in the natural gas industry.