The Financial Post reported that Chesapeake Energy Corp. CEO Aubrey McClendon will resign, although the board could find no evidence of improper conduct in his dealings with the company. As quoted in the market report:
Factors including low gas rig counts, declining production levels, and faster-than-anticipated shale well declines present a scenario that could very well be conducive to natural gas price rallies in the short- to medium-term.
Unseasonably warm winter weather, coupled with a surplus in supply, has resulted in a challenging market environment for natural gas producers.
A look at 3 companies who outperformed analysts' Q3 expectations – and three who came up short.
Industry players closely monitoring lawmaker’s debate over new production tax on operators in largest US natural gas field.
China has an enormous gas market to be filled, both in the short term and long term, where natural gas will account for as much as 12 percent of the primary energy needs over the next decade from the current 3.8 percent. Shell's Chief Financial Officer Simon Henry indicated that the company may invest $1 billion each year in China if PetroChina's two wells in Sichuan province prove they have the potential for commercial gas production.
BP America has decided to aquire a 25 percent stake in Chesapeake Energy Corp.’s Fayetteville Shale assets in Arkansas for $1.9 billion. For more information click here For company information, click here
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