Editor’s Note: Related tickers: Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM)
How Is Chesapeake’s Natural Gas Division Doing? (Trefis)
Chesapeake Energy Corporation (NYSE:CHK) has been shifting its focus from natural gas to oil and natural gas liquids (NGL) over the last few quarters. While the move has been paying off for the company given the higher price realizations and margins that oil commands, we believe that the firm’s natural gas business could still prove to be a dark horse over the long run. Chesapeake is still America’s second largest natural gas producer with one of the largest gas acreages in the country. We estimate that the natural gas division accounts for around 40% of the company’s value. Here is a brief overview of how the business has been doing over the past few quarters and the long term opportunities that we see for this business.
ExxonMobil unit grants gravel-pack license (OGJ)
ExxonMobil Upstream Research Co. has granted Weatherford International Ltd. a limited license to produce and deploy patented sand-control and completion technologies internationally for ExxonMobil and ventures in which it participates. The proprietary Alternate Path technology creates alternate flow paths called shunt tubes in the downhole tool used for packing gravel during cased and open-hole well completions in sand-prone reservoirs. The shunt tubes allow packing to continue when sand prematurely blocks the well annulus by diverting the gravel slurry around sand blockages and through distributed portholes to fill voids in the annulus.
The First Rule Of Negotiating With Energy Companies (Esquire)
One of the great selling points used by the extraction-industry grifters in selling their two major current projects — fracking and more pipelines — is all the money that will fall from the skies upon the poor people of the land if we just let them frack away happily or build all their death-funnels. …Chesapeake Energy Corporation (NYSE:CHK), the company that drilled his wells, was withholding almost 90 percent of Feusner’s share of the income to cover unspecified “gathering” expenses and it wasn’t explaining why.
Marcellus Shale Coalition names new chair after changes at Chesapeake (BizJournals)
There’s been a change in the chairmanship of the Marcellus Shale Coalition. Randy Albert, vice chair of the coalition, became chairman Aug. 21. The previous chair, David Spigelmyer, has left Chesapeake Energy Corporation (NYSE:CHK). Albert is chief operating officer of CNX Gas Co., a division of Consol Energy Inc. (NYSE: CNX). Albert will remain chairman until the term expires in late November, said coalition spokesman Travis Windle. At that time new officers will be selected as planned.
