Drilling Down

Shell Oil Exec: Pa. Cracker is an ‘Excellent’ Project

YOUNGSTOWN, Ohio – A Royal Dutch Shell executive says that a proposed multibillion-dollar ethane cracker plant slated for Monaca, Pa. is an “excellent project” that is at the top of the list of investment decisions the energy giant should make within a year. “We have had quite a lot of discussion — not yet pulled […]

Chesapeake Energy Posts Q1 Loss of $964 Million

OKLAHOMA CITY – Chesapeake Energy Corp. posted a net loss of $964 million or $1.44 per diluted share during the first quarter, the company reported this morning. The primary driver for the loss was a noncash write-down of $853 million against Chesapeake’s oil and gas properties, which have declined in value since commodity prices started […]

Chesapeake Posts Q1 Loss of $964 Million

OKLAHOMA CITY – Chesapeake Energy Corp. posted a net loss of $964 million or $1.44 per diluted share during the first quarter, the company reported this morning. The primary driver for the loss was a noncash write-down of $853 million against Chesapeake’s oil and gas properties, which have declined in value since commodity prices started […]

US EPA Sued over Disposal of Fracking Waste

WASHINGTON – A coalition of community and environmental organizations sued the U.S. Environmental Protection Agency Wednesday, calling for regulations to stop oil and gas companies from handling and disposing of drilling and hydraulic fracturing – or fracking — waste in ways they say threaten public health and the environment. The suit was filed in U.S. […]

Most Oil and Gas Leases in Valley Will Not Be Renewed

YOUNGSTOWN, Ohio – Oil and gas leases signed five years ago during the initial dash forexploration in the Utica shale are close to their expiration dates, and it’s likely most won’t be renewed. The majority are in Mahoning and Trumbull counties, says Alan Wenger, chairman of the oil and gas law practice group at Harrington, […]

Attorney Outlines Options as Leases Near 5-Year Mark

YOUNGSTOWN, Ohio – Landowners who leased their mineral rights but have not had any drilling activity may be able to improve their positions as the end of their leases’ primary terms approach, says Alan D. Wenger, chair of the oil and gas law practice group at Harrington, Hoppe & Mitchell Ltd. Wenger noted that thousands […]

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