Bloomberg reported that oil production at the Eagle Ford shale formation in Texas climbed 74%, yielding 471,258 barrels per day in February.
Articles Tagged "Chesapeake Energy Corp."
Bloomberg reported that some of the biggest stakeholders in the Utica Shale in Ohio are putting their acreage for sale as prices fall by as much as a third. US drillers Devon Energy Corp, EnerVest Ltd, and Chesapeake Energy Corp are selling their lands as results show lower production than what was earlier predicted.
The Financial Post reported that Chesapeake Energy Corp. CEO Aubrey McClendon will resign, although the board could find no evidence of improper conduct in his dealings with the company. As quoted in the market report:
Factors including low gas rig counts, declining production levels, and faster-than-anticipated shale well declines present a scenario that could very well be conducive to natural gas price rallies in the short- to medium-term.
Unseasonably warm winter weather, coupled with a surplus in supply, has resulted in a challenging market environment for natural gas producers.
A look at 3 companies who outperformed analysts' Q3 expectations – and three who came up short.
Industry players closely monitoring lawmaker’s debate over new production tax on operators in largest US natural gas field.
China has an enormous gas market to be filled, both in the short term and long term, where natural gas will account for as much as 12 percent of the primary energy needs over the next decade from the current 3.8 percent. Shell's Chief Financial Officer Simon Henry indicated that the company may invest $1 billion each year in China if PetroChina's two wells in Sichuan province prove they have the potential for commercial gas production.