Home / Tag Archives: Chesapeake

Tag Archives: Chesapeake

Marcellus: Methane and water do not mix

According to state environmental regulators, three natural gas drilling companies have found out the hard way as to what happens when methane and drinking water mix together. Regulators shared that the three companies together contaminated 17 different drinking water wells in Bradford, Lycoming and Tioga Counties in north central Pennsylvania.  Combined, the companies so far have paid nearly $375,000 in ...

Read More »

Utica: Drillers take hits from stock prices

Stocks

Thanks to low commodity prices, drillers and investors in the oil and gas industry have taken several negative hits, and those hits are certainly visible when it comes to drillers in the Utica Shale formation. On Friday during a second-quarter earnings call, Magnum Hunter Resources Corp. CEO Gary Evans explained that there is a dramatic prices difference in oil and ...

Read More »

CERAWeek: Oil price collapse calls for new breed of CEO – consultant

office

HOUSTON – The energy sector will need a “new breed” of executives who innovate in real-time to effectively navigate through the crude oil price collapse and the industry transformation that is expected to follow, an energy headhunter and leadership consultant said on Monday. The oil price crash represents for some “a great chance to seize on the crisis and turn ...

Read More »

Canonsburg company finds niche in shale drilling for treating wastewater

wastewater

The way Aquatech figures, it makes more sense to treat shale gas wastewater where its born — at the well — than to treat it off-site. The Canonsburg-based company treats and recycles industrial wastewater with a growing division dedicated to water-intensive shale gas drilling operations. “We feel if you can reuse the water, that’s the cheapest mode of disposal,” said ...

Read More »

Marcellus players looking long-term

pump jack

If there’s a notion out there of wildcatters hopping from town to town, striking it rich on an oil and gas well and moving on to the next great thing, it isn’t so today. Not with shale. This, companies say, is a long-term game. It has to be so for the economics to make sense, as companies struggle with low ...

Read More »

Nabors Industries slides after Pamplona fund sells stake

stock

Caroline Valetkevitch | Reuters NEW YORK – Nabors Industries was the biggest percentage decliner on the S&P 500 Thursday after Pamplona Capital Management LLP said its private equity fund had sold a stake of about 8.5 percent in the oilfield services provider. Pamplona Capital is Nabors’ largest shareholder, according to Thomson Reuters data. Nabors Industries shares were down 2.7 percent ...

Read More »

Arlington has reached tentative deal with Chesapeake on royalties

Max B. Baker | The Fort Worth Star-Telegram The city of Arlington appears to have reached a proposed settlement of a lawsuit it filed against Chesapeake Energy that accused the gas-drilling giant of improperly calculating royalties for natural gas being pumped from under 1,900 acres of public land. The Arlington City Council is scheduled to approve the proposed settlement with Oklahoma ...

Read More »