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Chesapeake Energy sells Oklahoma assets for $840 million to Denver driller
2015-07-02 20:27:49| Energy - Topix.net
Denver-based FourPoint Energy LLC will pay $840 million for assets owned by two subsidiaries of Chesapeake Energy Corp. - boosting the private oil and gas exploration company's position in Oklahoma's Western Anadarko Basin. The $840 million purchase price actually covers three transactions involving FourPoint, led by president and CEO George Solich , for the assets of Chesapeake Exploration LLC and CHK Cleveland Tonkawa LLC, two subsidiaries of Oklahoma City-basked Chesapeake Energy "It was a very challenging deal to do but we're excited that we're signed," Solich told the Denver Business Journal on Wednesday.
Tags: million
energy
assets
oklahoma
The CEO of oil driller Baker Hughes says there's been 'a bit...
2015-04-22 01:07:16| Oil & Gas - Topix.net
The CEO of oil driller Baker Hughes says there's been 'a bit of drama in the marketplace' Energy companies have laid off thousands of workers; on Tuesday morning, Baker Hughes announced it cut its workforce by 17% in the first quarter, which totals 10,500 positions. During the earnings call , an analyst asked Craighead whether there's an identifiable point where the industry decides that the cut in rig counts is enough.
Another driller pulling back spending in Utica shale
2015-01-27 11:36:02| Oil & Gas - Topix.net
Hess Corp. spending in the Utica shale play will drop 42 percent this year, as the oil and gas giant joins the cavalcade of cautious companies reining in U.S. shale development. Hess plans capital expenses of $290 million, down from $500 million last year as the company transitions "at a measured pace in this price environment and as infrastructure builds out," the company said late Monday.
Tags: back
spending
pulling
utica
Pennsylvania fines gas driller in explosion, spill
2014-12-03 09:09:02| Oil & Gas - Topix.net
Pennsylvania environmental regulators are fining Houston-based Cabot Oil and Gas for a storage tank explosion and wastewater spill at a gas drilling site. The Department of Environmental Protection said Tuesday it fined Cabot $120,000 for the January incident at its Reynolds well pad in Susquehanna County.
Tags: gas
pennsylvania
fines
explosion
Pennsylvania fines gas driller in explosion, spill
2014-12-03 04:30:34| Energy - Topix.net
Pennsylvania environmental regulators are fining Houston-based Cabot Oil and Gas for a storage tank explosion and wastewater spill at a gas drilling site. The Department of Environmental Protection said Tuesday it fined Cabot $120,000 for the January incident at its Reynolds well pad in Susquehanna County.
Tags: gas
pennsylvania
fines
explosion