A new gas pipeline feeder system that will cost nearly $1 billion is in the works in Ohio’s Utica Shale, to be built by MarkWest Energy Partners—which is being purchased by Marathon’s MPLX master limited partnership—with the help of Ascent Resources—which is owned by Aubrey McClendon and The Energy & Minerals Group, FuelFix reports.
Marcellus and Utica Shale driller American Energy Appalachia Holdings LLC is changing its name to Ascent Resources LLC, and becoming independent of Aubrey McClendon’s American Energy Partners, the Pittsburgh Post-Gazette reports.
OKLAHOMA CITY (AP) — Oklahoma City-based Chesapeake Energy Corp. is suing its founder and former CEO Aubrey McClendon and his new company for allegedly taking sensitive trade secrets when he resigned from Chesapeake two years ago.
McClendon and his new company — American Energy Partners — call the allegation meritless and say McClendon left Chesapeake with an agreement that he would receive "extensive" information on land, wells and other matters.
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.
French state-owned nuclear company EDF announced it would delay construction of a next-generation nuclear plant in Flamanville for another year, citing a new increase in cost, The Financial Times reports.
A group of 13 states led by North Dakota is pressing for a federal judge's injunction against the Environmental Protection Agency's Clean Water Rule to take effect nationwide after the agency said it would enforce the rule in states not involved in an initial lawsuit, The Hill reports.
The Institute for Policy Studies, a liberal-leaning think tank, contends in a new report that pay structures for CEOs at the largest fossil fuel companies play a part in delaying action on cleaner energy development, The Hill reports.
Sen. Michael Bennet, D-Colo., said he's willing to support ending the Commerce Department ban on crude oil exports if the policy change is accompanied by other actions to promote clean energy and address climate change, FuelFix reports.
A new report from Citigroup says that large natural gas discoveries in Egypt and Iran could reduce demand for liquefied natural gas in the Middle East, limiting opportunities in the market for U.S. producers looking to export, Bloomberg reports.
Wisconsin Gov. Scott Walker, a Republican presidential hopeful, told voters in San Antonio that the U.S. should behave like an "energy rich country" and lift the ban on crude exports, the San Antonio Business Journal reports.
In an Op-Ed for National Review, Florida Sen. Marco Rubio, a Republican presidential hopeful, said he would end the ban on crude oil exports, halt the Environmental Protection Agency's Clean Power Plan and leave energy regulation to the states if elected.
President Barack Obama wants Congress to pass legislation commemorating the centennial anniversary of the National Park Service, approve new infrastructure updates and set up an endowment for future projects, The Hill reports.
Rival factions in OPEC are split over whether the cartel should include oil-price forecasts in its imminent long-term strategy report, pitting Saudi Arabia and its allies, who wish to exclude price assumptions, against Iran and other members, Bloomberg reports.