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Posts tagged
'Chesapeake Energy'

Fracked: How energy companies, particularly Chesapeake, profiteer

The Arkansas legislature just passed a piece of unconstitutional legislation sponsored by Sen. Jonathan Dismang to cut an energy company's cost of business in Arkansas by $4 million by relabeling the sand injected underground for fracking as tax-exempt "equipment." It's symbolic of the shafting written much larger in shale gas plays around the country, led by the likes of Chesapeake Energy.
IT Arkansas job board

Boom and bust in the gas shale industry

Arkansas isn't specifically mentioned in this major New York Times article, but it might as well be.
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Lawsuit challenges frackers' waste disposal practices in Arkansas

An amended class action lawsuit has been filed in federal court in Little rock against Southwestern Energy, XTO and Chesapeake Energy over the wells they've drilled to dispose of waste material by injecting it underground.

Shareholders revolt — Chesapeake and Walmart targeted

The New York Times examines shareholder unhappiness with high-handed corporate management and notes some cases where stockholders fight back.
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Seismic inactivity

Two natural gas drilling waste injection wells in Faulkner County will be shut down permanently. The wells are currently inactive due to an Arkansas Oil and Gas commission moratorium.

Chesapeake fined big in Pennsylvania

The Pennsylvania Department of Environmental Protection has fined Chesapeake Energy over $1,000,000 for drilling violations.
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The line is open

Your thoughts welcome. Some final items: * Chesapeake Energy has announced the sale of all its Fayetteville Shale holdings, including pipelines, to a global concern, BHP Billiton Ltd. for $4.5 billion cash.

Chesapeake selling Ark. property

Chesapeake Energy says it hopes to sell all its holdings in the Fayetteville shale plus investments in a couple of drilling-related companies for $5 billion to reduce debt.
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