Aubrey McClendon’s American Energy Partners will combine its operations in the Marcellus Shale and Utica Shale under the name American Energy Appalachia Holdings in an all-stock deal, the company said, according to The Wall Street Journal.
John Raymond’s Energy & Minerals group has invested some $3.2 billion in companies set up by former Chesapeake CEO Aubrey McClendon, but retains an unusual level of control over decision-making, The Wall Street Journal reports.
American Energy, led by ex-Chesapeake Energy CEO Aubrey McClendon, is to buy 14,000 acres in West Texas from Tall City Exploration for $440 million, a move that would double the company’s footprint in the Permian Basin, FuelFix reports.
The Securities and Exchange Commission investigation into former Chesapeake CEO Aubrey McClendon has wrapped up with no recommendation made for any action to be taken, the company reported Wednesday, according to Reuters.
A subsidiary of American Energy Partners, the company run by shale pioneer Aubrey McClendon, is renting seven rigs from his former firm Chesapeake Energy to drill for gas in the Utica Shale, Bloomberg reports.
Chesapeake Energy Corp. chairman Archie Dunham is continuing to buy large quantities of the company's shares despite its recent troubles, with the company reporting that he spent $1.4 million buying more last week, The Wall Street Journal reports.
A new study published in the British journal "Nature Climate Change" suggests that increases in global temperatures will result in more frequent and intense La Niña climate patterns, a development that could lead to more hurricanes in the Atlantic and droughts in the Southwest United States, USA Today reports.
Data from American Wind Energy Association show that wind energy developersadded 4,850 megawatts in new capacity last year, a strong increase from new 2013 installations, bringing total wind generation capacity to 65,875 MW, Platts reports
The Department of Energy would manage if Congress were to impose a time limit on its reviews of LNG export applications, Assistant Secretary Christopher Smith told Sen. Lisa Murkowski, R-Alaska, at a hearing Thursday, The Hill reports.
Calling the proposal unrealistic and asking that its implementation be delayed, Sen. John Thune, R-S.D. and chair of the Commerce, Science and Transportation Committee, warned that Obama administration moves targeting DOT-111 tank cars have the potential to disrupt the U.S. rail network, USA Today reports.
At one point March natural gas futures hit a 28-month low of $2.695 per million British thermal units during trading on the Nymex Thursday, the drop prompted by word from the Energy Information Administration of a smaller-than-expected storage drop of 94 billion cubic feet last week, Platts reports.
A late surge from short covering brought oil prices back after they’d fallen on another report of an increase in U.S. stockpiles. U.S. benchmark crude settled 8 cents higher to $44.53 a barrel on the Nymex, while in London Brent gained 66 cents to $49.13, Reuters reports.
Occidental Petroleum Corp. said it posted a loss of more than $3.4 billion in the fourth quarter, compared to a $1.64 billion profit during the period a year earlier, hit by the drop in prices for oil and natural gas liquids, The Wall Street Journal reports.
Valero Energy Corp. attributed results that beat analysts’ expectations to better margins, although the refiner reported a slight dip in fourth quarter net income -- to $1.2 billion – compared to the period a year earlier, FuelFix reports.
The record U.S. crude exports of 502,000 barrels a day in November -– most of which went to Canada -- shattered an old mark set back in the 1950s, according to data from the Energy Information Administration, Platts reports.