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...In November Chesapeake completed the purchase of Vine Energy, a producer in Louisiana’s Haynesville shale field, close to gas-export facilities on the US Gulf Coast....
...Projects commissioned to take advantage of cheap US shale gas, such as Sundrop’s gas to liquids plant in Louisiana – part-owned by Chesapeake – and an Oxford Catalysts plant for wax and solvent maker Calumet...
...The company that has risen the furthest into the top tier is Chesapeake Energy, with a chief executive in Aubrey McClendon who has been widely admired for his entrepreneurship but criticised for his corporate...
...Chesapeake Energy is seeking to raise up to $12bn through asset sales this year, as the company seeks to plug a funding gap that has been exacerbated by low natural gas prices....
...Declines in the S&P Oil & Gas Exploration & Production Select Industry Index, which includes producers such as Chesapeake Energy and Range Resources, have been worse than those of the broader S&P 500 stock...
...News Corp’s board passed a vote of confidence in Murdoch on Wednesday, reports Reuters....
...BG followed in the footsteps of US groups Chesapeake Energy and ConocoPhillips along with Norway’s Statoil and Royal Dutch Shell in moderating its short-term enthusiasm for shale gas ....
...BHP boosted its energy business in February with a deal to buy Chesapeake Energy’s Arkansas-based gas business for $4.75bn – its first acquisition since last year’s failed $39bn attempt to buy PotashCorp...
...This month, a joint venture of BG Group and Southern Union requested to ship up to 2bn cu ft a day from Louisiana. The US already exports gas from Alaska....
...In India, Mukesh Ambani’s Reliance Industries spent close to $3bn last year on stakes in energy producers such as Atlas Energy and Pioneer Natural Resources of the US....
...Men such as Aubrey McClendon of Chesapeake Energy, Ray Irani of Occidental Petroleum, Eugene Isenberg of Nabors Industries and Bob Simpson of XTO, like Mr Korell, are all either founders of successful energy...
...Many international oil companies have been moving into shale gas, including BP, which last year bought stakes in large areas in Oklahoma and Arkansas from Chesapeake Energy of the US....
...Plains Exploration this month agreed to pay Chesapeake Energy $1.65bn for a 20 per cent stake in its Haynesville Shale tight gas assets in Louisiana, a price that works out at about $30,000 per acre....
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