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...Chesapeake and Southwestern operate in proximity in the gas-rich Appalachia in the US north-east and the Haynesville shale basin in the state of Louisiana....
...Chesapeake and Southwestern operate in proximity in gas-rich basins of Appalachia in the US north-east and the Haynesville shale in the state of Louisiana....
...The company — which will be given a new name at the close of the deal — will combine Chesapeake and Southwestern’s assets in gas-rich Appalachia in the US north-east and the Haynesville Shale basin in Louisiana...
...Future production will be concentrated in the gas-rich shale regions of the Haynesville basin in Louisiana and the Marcellus in Appalachia....
...Read more about Chesapeake’s pivot here....
...Read more about Chesapeake’s pivot here...
...At its peak in 2008, Chesapeake was valued at $35bn and McClendon became the best-paid executive in the US....
...The company has had more success driving down costs and improving efficiency in its gas assets in Louisiana’s Haynesville and the Marcellus in Appalachia, he said....
...In the decade just past, the fracking industry faced ruin by cheap production from the Marcellus gas area, which stretches across Appalachia, from Pennsylvania through Ohio and West Virginia....
...He made similar points in written evidence submitted to the court last week as part of Dakota Access LLC’s argument to keep the pipeline open....
...Chesapeake Energy, an early shale pioneer, is likely to follow soon....
...Chesapeake, a pioneer of the US shale energy industry, and smaller rivals such as California Resources and Gulfport Energy, have all hired advisers to help them restructure their debt, the FT reported....
...But as an investment, Appalachia has disappointed....
...Shale gas stalwart Chesapeake Energy even warned last month that being able to keep the lights on was a “going concern”. Solus has also stepped on this landmine....
...Chesapeake Energy bounced on better than expected full-year results, helped by improving prices for oil production and lower operating costs....
...Among those hit were Murphy Oil, down 5.6 per cent at $26.72, Chesapeake Energy, off 2.5 per cent at $6.35 and Anadarko Petroleum, losing 4.1 per cent to $53.47. Materials stocks weakened as well....
...Chesapeake Energy is sliding deeper into junk territory....
...The subsequent recovery in crude from below $30 a barrel in February bolstered the value of bonds issued by companies such as Chesapeake Energy and Whiting Petroleum....
...Chesapeake, the second-largest producer of natural gas in the US, led the sector’s pullback, down 3.2 per cent to $4.28, after the company announced that its retirement plan was in partial termination following...
...reckons its private investments “may have also lost value in the fourth quarter and so far in 2016 due to declining markets and the significant deterioration in commodity-related investments (including Chesapeake...
...The move comes hours after the S&P pushed Chesapeake Energy deeper into junk territory....
...The list includes companies such as Chesapeake Energy, Goodrich Petroleum, Halcon Resources, EXCO Resources and Linn Energy, which have suffered from the steep drop in oil prices over the past 20 months....
...Meanwhile, embattled energy and mining companies, like Freeport-McMoRan and Chesapeake Energy are seen as the biggest earnings laggards....
...The move comes hours after S&P downgraded Chesapeake Energy deeper into junk territory and took ratings actions on 45 energy exploration companies, writes Anna Nicolau in New York....
...Chesapeake Energy led the declines on the index. The oil and gas producer fell 3.51 per cent to $12.09....
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