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.
An affiliate of American Energy Partner LP, the energy exploration firm headed by former Chesapeake CEO Aubrey McClendon, has gathered 260,000 net acres of drilling land in the Utica Shale, making the company the leader in the region, NewsOK reports.
Former Chesapeake Energy Corp. CEO Aubrey McClendon will receive $11.1 million from the company he founded to help build American Energy Partners, his new energy exploration company, Bloomberg reports.
A White House spokesman Wednesday night challenged a report by Rolling Stone that President Barack Obama will decide against the controversial Keystone XL pipeline project, saying on Twitter that "nobody knows" his thinking, National Journal reports.
Rosebud Sioux Tribe member Gary Dorr, at the protest camp against the Keystone XL project set up this week on the National Mall, told National Journal he worries about the effects any leaks from the proposed pipeline might have on the Ogallala Aquifer.
General Electric is set for its biggest-ever acquisition, looking to pick up the French firm Alstom, which builds power plants and trains, in a deal with a price tag of more than $13 billion, sources tell Bloomberg.
Benchmark U.S. crude for June delivery gained 18 cents to $101.62 a barrel in electronic trading on the Nymex Thursday, after falling the day before to the lowest close in more than two weeks, while Brent crude gained 9 cents to $109.20 in London, Bloomberg reports.
With just over six months to go until November elections, a poll commissioned by The New York Times finds Senate incumbents vulnerable in four important Southern states, with Republicans having the edge but victory not out of reach for Democrats.
Japan is protesting that limiting ships to 49 meters wide in the expanded Panama Canal would exclude the giant Q-Flex carrier, which would affect possible U.S. LNG export deals, The Wall Street Journal reports
Montana Attorney General Tim Fox handed over documents an environmental group had requested about the state’s decision to join in a protest over proposed fracking regulation on federal land, the Great Falls Tribune reports.
Rancher Cliven Bundy, in his well-publicized dispute with the Bureau of Land Management, has tapped into long-held Western resentment over extensive federal land ownership in the region, The New York Times reports.
A new ethane export facility along the Gulf Coast in Texas could handle 240,000 barrels per day and help relieve the growing glut of the liquefied gas, according to project developer Enterprise Products Partners, FuelFix reports.