Sierra Club v. Chesapeake Operating LLC et al is news more shocking than “Man Bites Dog”!
Chesapeake Energy Corp.
A Development In Earthquakes And Fracking
By CHARLES SARTAIN | GRAY REED & MCGRAWSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Energy News Roundup: Chesapeake’s Dismisses Bankruptcy Claims, Ruffalo Blasts Cameron & Bleak Long-Term Oil Outlook
By Conor O'Sullivan
Chesapeake Energy, the second-largest natural gas producer in the United States, plunged as much as 50 percent on Monday after multiple reports that it had hired restructuring attorneys. [CNBC] David Cameron is making an enormous “legacy mistake” by going all-out for fracking in the UK, the actor and environmental activist Mark Ruffalo has warned. [The… Keep reading →
Energy News Roundup: UN’s Renewable Challenge, Chesapeake Crumbling & High-Voltage Potential
By Conor O'Sullivan
The United Nations urged global business leaders on Wednesday to double investment in wind and solar energy to $600bn a year by 2020. [The Guardian] Chesapeake Energy shares decreased 16% this week and closed on Monday below $3 following the company’s announcement that it was suspending dividend payments on its convertible preferred stock.[Seeking Alpha] A… Keep reading →
Energy News Roundup: Chesapeake Surges, Markets Rally & 2015 Hottest Year On Record
By Conor O'Sullivan
Chesapeake Energy Corp surged 8% in premarket trade Friday, after the company said it is suspending its quarterly preferred stock dividends in an effort to save cash. [MarketWatch] U.S. stocks are rising Friday as energy prices continue to climb and give a boost to energy companies. [ABC] Last year shattered 2014’s record to become the… Keep reading →
Energy News Roundup: Chesapeake Plummeting, De Blasio’s Ambitious Green Plan & OECD Coal Compromise
By Conor O'Sullivan
Credit investors who lent $11 billion to Chesapeake Energy Corp. are starting to give up on the company, the second-biggest junk-debt issuer in the U.S. energy industry. [Bloomberg] Mayor Bill de Blasio has set an ambitious goal of reducing greenhouse gas emissions by 80 percent by 2050 from curtailing the city’s waster from home heating.… Keep reading →
Energy News Roundup: Icahn Facing Chesapeake Loss, Solar Global Growth & Hacking Big Oil
By Conor O'Sullivan
Analysts are beginning to question whether Carl Icahn has taken on an insurmountable challenge by investing heavily in Chesapeake Energy. “The company made its second big cut in capital spending in the last month, highlighting the grinding toll that low oil and gas prices are taking on energy stocks—and how tough it will be… Keep reading →
Energy News Roundup: McClendon Facing Law Suit, DOE Infrastructure Report & Scottish Electricity Scare
By Conor O'Sullivan
Chesapeake Energy Corp on Tuesday alleged that its founder and former chief executive, Aubrey K. McClendon, stole confidential company data during his tenure prior to launching his new oil and gas empire. “McClendon, 55, “misappropriated highly sensitive trade secrets from Chesapeake” and “subsequently used these trade secrets for the benefit of” a company he founded in 2013, American Energy Partners… Keep reading →
Chesapeake Energy, co-founded by flamboyant and freewheeling Aubrey McClendon, appears to be successfully restructuring in the wake of the former chairman and CEO’s departure. The company today announced positive Q3 earnings and analysts rewarded its upbeat outlook, but investors were less impressed, as share prices were down almost 7% by late afternoon. “We upgrade… Keep reading →
With decade-low natural gas prices threatening to dampen America’s shale-gas boom, gas-producing states are looking for ways to stimulate demand from cars and light trucks.
Ten states have signed a memorandum of understanding that aims to persuade automakers in the US to mass-produce competitively priced cars that will run on natural gas, providing a new outlet for abundant domestic supplies of the cleaner-burning fuel. The signatories are seeking more support. Keep reading →
