ShaleBlog.com » Chesapeake Energy

Converting the Transportation Infrastructure to Natural Gas

admin — Sat, 20 Aug 2011 14:50:48 +0000

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.

More at Bloomberg.com.

Aubrey McClendon on the Utica Shale

admin — Tue, 02 Aug 2011 16:40:18 +0000

On July 28th Chesapeake Energy announced 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.

Chesapeake Energy: Land Acquisition Machine

admin — Mon, 09 May 2011 16:05:16 +0000

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”.

Chesapeake Spends $1B Acquiring Utica Shale Leases in Ohio

admin — Mon, 14 Mar 2011 17:29:09 +0000

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.

Natural Gas Companies Pay High Salaries

admin — Tue, 22 Feb 2011 15:24:57 +0000

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.

BHP Billiton Buys a $4.7B Gas Shale Stake from Chesapeake

admin — Mon, 21 Feb 2011 15:08:25 +0000

BHP Billiton, the worlds largest mining company which also holds major oil and gas interests, has purchased a $4.7 billion stake in the Fayetteville Shale from Chesapeake Energy. More at Reuters.

Chesapeake Energy Selling Fayetteville Shale Asset

admin — Fri, 11 Feb 2011 16:05:56 +0000

An article on the ABCNews site reports that Chesapeake Energy hopes to sell $5 billion in assets during calendar year 2012. Included in the sale are all of Chesapeake’s holdings in the Fayetteville Shale in Arkansas.

Landowners Sue Chesapeake Energy for Backing Out on a Deal

admin — Tue, 25 Jan 2011 04:17:50 +0000

Several landowners in Texas are going after Chesapeake Energy for promising to lease their Barnett Shale properties and then backing out of the deal. More on a Christopher Helman blog post at Forbes.com.

Chesapeake Will Drill Over 300 Barnett Wells in 2011

admin — Fri, 07 Jan 2011 17:47:43 +0000

Last year Chesapeake Energy paid out nearly $300 million in Barnett Shale royalties and this year plans to drill over 300 new wells.

Natural Gas Output to Drop Slightly in 2011

admin — Sun, 12 Dec 2010 18:52:18 +0000

The United States Department of Energy expects natural gas drillers to cut back on new drilling in response to lower natural gas prices. Some companies such as Chesapeake Energy are moving their focus toward drilling for oil. More at Bloomberg.com.

Chesapeake Energy Buys More Eagle Ford Shale

admin — Wed, 01 Dec 2010 14:53:04 +0000

Chesapeake Energy will purchase rights to 23,180 acres of Eagle Ford Shale in Texas from Antares Energy Ltd. for $200 million. More at the Oil and Gas Journal.

Chesapeake Energy Builds Housing/Training Facility in Pennsylvania

admin — Mon, 22 Nov 2010 18:29:29 +0000

Chesapeake Energy was spending a lot of money housing hundreds of employees in hotels in northeastern Pennsylvania. They recently completed a housing and training facility in Athens Township. More at TheDailyReview.com.

China National Offshore Oil Corporation Buys into Eagle Ford Shale

admin — Wed, 17 Nov 2010 16:51:02 +0000

CNOOC, China National Offshore Oil Corporation, has agreed to purchase a 1/3 stake in Chesapeake Energy’s Eagle Ford Shale properties in South Texas for over $1B. More at Reuters.com.

CNOOC Buys Eagle Ford Shale Stake for $1.1B

admin — Sat, 23 Oct 2010 16:55:46 +0000

CNOOC, Ltd., a Chinese company, has agreed to purchase a stake in the Eagle Ford Shale of southeastern Texas from Chesapeake Energy Corporation for $1.1 Billion. More at Yahoo! News.

Will More Major Natural Gas Plays Be Discovered?

admin — Tue, 19 Oct 2010 16:55:26 +0000

Is there another Marcellus Shale or Haynesville Shale waiting to be discovered somewhere in the United States? Aubrey McClendon, CEO of Chesapeake Energy believes that the important basins have been thoroughly investigated. More at RigZone.com.