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Taxpayers must pay the freight for over-budget train projects
Topic - Chesapeake Energy Corp.
Michigan Attorney General Bill Schuette says he's filed criminal charges Chesapeake Energy Corp. and Encana Corp. for colluding to avoid bidding against each other for Michigan oil and gas leases.
Following a request by a state senator from northern Pennsylvania, state Attorney General Kathleen Kane is reviewing whether her office has jurisdiction to investigate complaints into the costs that natural gas exploration giant Chesapeake Energy Corp. deducts before it pays royalties to the owners of land where it drills.
Oil companies from China, Norway, Japan and other nations are investing billions of dollars in U.S. shale projects so they can learn how to extract oil and gas from bedrock and use those technologies to tap into the large and mostly undeveloped shale deposits outside the U.S.
Just weeks after taking a stake in Chesapeake Energy Corp., activist shareholder Carl Icahn has helped orchestrate a shake-up at the nation's second-biggest natural-gas producer.
The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years.
Natural gas prices fell Thursday after spring-like weather blanketed much of the country, raising expectations that demand will remain weak. At the same time, supplies have stayed well above year-ago levels.
Faced with decade-low natural gas prices that have made some drilling operations unprofitable, Chesapeake Energy Corp. said Monday it will drastically cut drilling and production of the fuel in the U.S.
Some insist Marcellus Shale natural gas is a huge economic boom for America, while others are certain it's an environmental catastrophe.