The decade-long fracking boom in Appalachia has not led to significant job growth, and despite the region’s extraordinary levels of natural gas production, the industry’s promise of prosperity has “turned Continue Reading
Chesapeake Energy Corporation (NASDAQ: CHK) has announced that it has successfully concluded its restructuring process and emerged from Chapter 11. Chesapeake Energy Corporation (NASDAQ: CHK) has announced that it has Continue Reading
The US Energy Information Administration on Feb. 9 substantially increased its forecast for natural gas production in 2021 and 2022 amid expectations of more associated gas production in the Permian Continue Reading
If the recent moratorium on the issuance of federal drilling leases holds, most US production losses would occur in New Mexico, where up to 3 Bcf/d of new natural gas Continue Reading
Frigid temperatures settling across the western half of the US this week have the potential to prompt natural gas production freeze-offs, particularly in the Bakken Shale, and lower pipeline inflows Continue Reading
Chesapeake Energy Corp’s value has soared since its June bankruptcy filing, the U.S. judge overseeing the natural gas producer’s trial indicated, and is worth $5.13 billion, far above the shale Continue Reading
China is looking to attract investments in shale gas developments by easing restrictions on foreign entities and subsidizing costs in a bid to boost its natural gas production while its Continue Reading
The shale revolution may have made the United States and the world’s largest natural gas producer, but it has failed to make the biggest U.S. shale gas drillers any richer. Continue Reading
EQT Corp., the biggest producer of U.S. natural gas, is seeking to acquire rival CNX Resources Corp., according to people familiar with the matter, as M&A accelerates in the distressed Continue Reading
As spot gas markets in the Permian Basin struggle to gain a foothold above $1 this month, forwards traders appear confident that winter prices there will likely climb to their Continue Reading
Pennsylvania more than doubled as of August 1 the fee for all unconventional well permit applications, while shale companies call on state officials to find other mechanisms to fund the Continue Reading
Range Resources Corp. sold its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller. Range Continue Reading
The pandemic has curtailed associated gas production in the Permian basin, temporarily relieving some gas flaring, but the basin could return to record gas production levels by the end of Continue Reading
The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the Continue Reading
NYMEX prompt contract settles at $1.88/MMBtu Columbia Gas’ MXP line cuts flows near Leach, Kentucky Appalachian gas production falls 2.2 Bcf on the day NYMEX Henry Hub prompt-month prices surged Continue Reading
Chesapeake Energy Corp ( CHK.N ) filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed Continue Reading
The federal government has allowed bankrupt shale major Chesapeake Energy to stop drilling at more than 100 leases on federal lands without losing ownership of the assets, Reuters has reported Continue Reading
It will go down as wildest of the shale wildcatters, the overreaching pioneer of fracking techniques that minted vast fortunes and, now, have left behind ruin. At long last, financial reality has Continue Reading
Shares of Chesapeake Energy Corp., the U.S. fracker preparing for a potential bankruptcy, are experiencing another wild session, plunging as much as 74% before trading was halted again on Tuesday. The Continue Reading
Chesapeake Energy Corp. is preparing a potential bankruptcy filing that could hand control of one of the leading lights of the U.S. shale revolution to senior lenders, according to people Continue Reading
Chesapeake Energy spearheaded the shale revolution a decade ago that ushered in an era of US energy independence, embodying a period of corporate extravagance as it rose to become a Continue Reading
Heading into the first quarter earnings season, analysts were clear. They wanted no surprises from pure play shale gas drillers — no new spending, no new debt, no mergers and Continue Reading
The outlook for the company’s debt restructuring effort is teetering. Shares of Chesapeake Energy Corp. slid almost six percent in premarket trading on Monday, after the company added a going Continue Reading
Chesapeake Energy Corp said on Monday it was unable to access financing and was considering a bankruptcy court restructuring of its over $9 billion debt if oil prices don’t recover Continue Reading
Royal Dutch Shell announced this week that it was selling its Appalachia shale gas assets for $541 million in a transaction that wouldn’t have caught much attention if it weren’t Continue Reading
Chesapeake Energy Corp ( CHK.N ), the oil and gas exploration and production company that was at the forefront of the past decade’s U.S. shale boom, is preparing a potential Continue Reading
The last time the global economy was in free fall, an economic savior showed up in southwestern Pennsylvania. Energy companies, which had discovered a way to get at the state’s Continue Reading
Chesapeake Energy Corp, the oil and gas exploration and production company that helped spearhead the U.S. shale revolution, has tapped debt restructuring advisers amid a rout in energy prices, people Continue Reading
If you’re waiting for natural gas prices to recover, you might be in for a considerable wait, as inventories are expected to hover well above their five year average for Continue Reading
Once a vanguard of the US shale revolution, Chesapeake has fallen headlong toward collapse as it and rival drillers flooded the US with excess gas. (Bloomberg) — Chesapeake Energy Corp.’s Continue Reading
A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc., the biggest U.S. exporter, as a global glut pummels prices for the fuel and threatens to Continue Reading
Natural gas prices under $2/MMBtu have hit Appalachian shale gas drillers hard, but the longer the gas glut wears on, the deeper the problems will become. With each passing week, Continue Reading
S&P ratings downgraded six U.S. shale gas companies that might find it difficult to refinance billions in debt on the back of chronically low gas prices and overinvestment, S&P Global Continue Reading
Deteriorating conditions in US natural gas markets this year are posing growing credit risk to the industry’s producers and even midstream developers, S&P Global Ratings said Wednesday. Receive daily email Continue Reading
Edge LNG’s truck-based model produces LNG and delivers it to market. Edge Gathering Virtual Pipelines 2 LLC (Edge LNG) reported Wednesday that it will capture and liquefy natural gas from Continue Reading
Though they are both Democrats, John Fetterman, Pennsylvania’s lieutenant governor, and Bill Peduto, this city’s mayor, have their differences on the environment. Mr. Fetterman, who toppled an incumbent Democrat in 2018 from Continue Reading
Fracking pioneer and the king of unconventional drilling Chesapeake Energy (NYSE:CHK) is a company in dire straits, which makes it a great bargain right now. The Oklahoma-based exploration company ushered Continue Reading
North Dakota’s Bakken Shale gas output increased by 20% in 2019, and the latest analysis shows it growing another 10% year over year in 2020. Due to limited downstream access, Continue Reading
The Supreme Court of Pennsylvania said oil and natural gas coming from shale wells drilled and hydraulically fractured are protected by the common “rule of capture,” but left open the Continue Reading
Weak natural gas prices amid abundant supply and a falling rig count across the United States will slow down U.S. natural gas production growth this year, and some basins will Continue Reading
New York — The US Energy Information Administration on Tuesday lowered by 35 cents to $2.27/MMBtu its first-quarter 2020 forecast for Henry Hub spot natural gas prices. Receive daily email Continue Reading
The largest natural gas driller in the United States just announced a massive write-down for its assets, offering more evidence that the shale sector faces fundamental problems with profitability. In Continue Reading
Permian Basin forward gas prices are testing new lows this month as the 2020 market outlook for available pipeline capacity exiting the West Texas basin continues to deteriorate. At market Continue Reading
Appalachian gas production last month registered its first monthly decline since May as producers in the dynamic US Northeast shale basin responded to low prices and growing pressure from the Continue Reading
Castleton Resources has acquired the East Texas and North Louisiana Haynesville shale assets of Shell’s subsidiary, BG US Production Company. Castleton Commodities International LLC’s subsidiary, Castleton Resources LLC (CR), has Continue Reading
Chevron surprised a number of people last week when it announced that it would take a non-cash, after-tax impairment charges of $10 billion to $11 billion in its fourth-quarter 2019 Continue Reading
There have been some signs the shale boom that re-energized America’s domestic energy industry a few years back, might be entering a maturing phase of its development. A phase where Continue Reading
As production from the US Northeast stalls and the active rig count declines in the region, the market could tighten significantly and help propel Henry Hub futures later this winter. Continue Reading
“We’re not pointing a finger,” said Kurt Blanock, whose teenage son died of Ewing’s sarcoma three years ago. His wife, Janice Blanock, was one of the parents who pushed for Continue Reading
A commitment from Appalachia’s natural gas producers to slow drilling activity in 2020 already appears to be taking its toll there, with December production levels likely to register their first Continue Reading
