Chesapeake Energy Corp. declared a quarterly profit on Monday compared with year-ago loss as a $597 million gain from hedging boosted results in a period when natural gas prices fell more than 60 percent. For full story, click here
Chesapeake Energy Corp.’s first-quarter loss widened as the natural gas producer declared impairment charges of more than $6.11 billion, mostly due to the slumping value of its natural gas and oil properties. For full story, click here
Chesapeake Energy Corp. has revealed that current low natural gas prices are setting the stage for a dramatic price rebound that should begin this fall or winter. For full story, click here
Chesapeake Energy Corp. will scale back natural gas output 13 percent on wells in North Texas and elsewhere as the Oklahoma energy company grapples with low commodity prices. Chief executive Aubrey McClendon stated: As a result of recession-related reduced demand and abundant U.S. production, natural gas prices have remained soft in recent months. For full [...]
Natural gas producer Chesapeake Energy Corp. on Monday announced that it plans to cut oil and natural gas production by about 7 percent due to rapidly declining prices. For full story, click here
Energy Transfer Partners LP, which operates natural gas midstream and transportation and storage businesses, said Tuesday it struck an agreement with a subsidiary of Chesapeake Energy Corp., the nation’s largest natural gas producer, to construct a natural gas pipeline, a project estimated to cost between $1 billion and $1.2 billion. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Market news What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches. Barring a major depression of the sort where people make shoelace soup, winter means more demand for [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market News: It seems as if natural gas futures have hit a band of support in the $7.25-$7.50 range, which is good news for investors as winter approaches. Structural factors suggest that natural gas will become dearer in winter, especially if the current low prices have [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market news A mild rebound for hard-hit natural gas futures has developed over the past few days. Like the Dow Jones, oil prices and the Asian market indices, natural gas futures are also in a state of flux. The instability is fairly easy to source: investors [...]
By Duncan Sutherland- Exclusive to Gas Investing News Company news The headline this week is obviously Shell (NYSE:RDS.A) and the Iraqi government putting ink to paper on a US$4 billion joint venture deal that will see the company collect flareoff from oil production in Southern Iraq’s Al-Basra province. In even better news, Shell opened a [...]
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