Eagle Ford Production Reaches All-Time-High in February
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."
US Drillers Give Up Ohio $500B Oil Dream on Disappointing Results
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.
Chesapeake Energy Corp. CEO to Resign
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:
Natural Gas Rise Piquing Investor Interest
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.
Natural Gas Market Falling Victim to the Bear
Unseasonably warm winter weather, coupled with a surplus in supply, has resulted in a challenging market environment for natural gas producers.
Q3 Earnings Over/Under Achievers in the Gas Sector
A look at 3 companies who outperformed analysts' Q3 expectations – and three who came up short.
Showdown Looms over Proposed Marcellus Shale Production Tax
Industry players closely monitoring lawmaker’s debate over new production tax on operators in largest US natural gas field.
Chinese Shale Gas Attracting International Investment
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.
