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 draft agreement on tax extenders being negotiated by lawmakers –- which would, among other things, phase out the Production Tax Credit for wind energy -– also would face a veto from President Obama, according to an email from a White House spokeswoman, Bloomberg reports.
The Environmental Protection Agency will have to wait on moves to restrict development of Pebble Mine, as Judge H. Russel Holland has issued a preliminary injunction against them, Alaska Public Radio reports.
As representatives from Saudi Arabia, Russia, Venezuela and Mexico failed to agree on production cuts ahead of the OPEC meeting later this week, oil prices resumed their slide Tuesday. West Texas Intermediate Crude for January delivery plunged 2.2 percent, or $1.69, to $74.09 on the Nymex, while in London Brent tumbled $1.35 to $78.33, Bloomberg reports.
At a national average of $2.81 a gallon, Thanksgiving gasoline prices haven’t been this low since 2009, according to the AAA, which says that could trigger more than a 4 percent increase in people driving over the holiday, FuelFix reports.
On a 3-2 vote, the Florida Public Service Commission has fallen in line with proposals from Duke Energy Florida, Tampa Electric and Florida Power & Light, agreeing to wrap up solar rebate programs by the end of next year and reduce efficiency goals by more than 90 percent, the Tampa Bay Times reports.
The Illinois Commerce Commission has granted approval for Clean Line Energy Partners’ Rock Island Clean Line, intended to transmit power 500 miles from wind farms in the Plains states, Crain’s Chicago Business reports.
Departing Gov. Martin O’Malley, D-Md., says he’ll draw up rules to govern fracking in the western part of the state which will limit pollution risks, even though his pro-drilling Republican successor would have the power to loosen restrictions once he takes office in January, The Washington Post reports.
Friends of the Earth and the Western Organization of Resource Councils, backed by Microsoft co-founder Paul Allen, have filed a lawsuit in U.S. District Court for the District of Columbia against the Bureau of Land Management over the agency’s coal-leasing program, The Hill reports.
At least four small earthquakes have shaken the Dallas area since the weekend, and SMU seismologist Brian Stump told NBCDFW it’s possible they could be linked to fluid accumulating in wastewater injector wells in the region over the past decades.
People’s views about the scientific basis of climate change don’t change even when they’re confronted with extreme weather events, according to a study published online Monday in the journal Nature Climate Change, the Los Angeles Times reports.