Chesapeake Energy

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Fracking Pioneer Files for Bankruptcy

Chesapeake Energy says it has nearly $9B in debt

(Newser) - Chesapeake Energy, a shale drilling pioneer that helped to turn the US into a global energy powerhouse, has filed for bankruptcy protection. The Oklahoma City-based company said Sunday that it was a necessary decision given its debt, the AP reports. Its debt load is currently nearing $9 billion. It has...

Cops: No Sign Fracking Tycoon Killed Himself

He died in fiery wreck a day after indictment

(Newser) - The timing of energy tycoon Aubrey McClendon's death raised suspicions , but police say they've found no connection between the fiery car crash he died in and the fact that the former Chesapeake Energy CEO had been indicted just a day earlier for alleged bid-rigging, reports the Wall Street ...

New Concern: Fracking Under ... Graveyards?

But some families eager to cash in: gas firms

(Newser) - Activists are already furious about the environmental impact of hydraulic fracturing; now some are adding spiritual concerns to their list of grievances. Energy companies are extracting gas from deep below US cemeteries from Texas to Pennsylvania. The fracking occurs far below ground, with companies citing depths of 7,000 to...

Smart Money Trickles Back Into Energy

Those considered sectors 'smart money' see opportunity in sector

(Newser) - The energy sector is recharging, the Wall Street Journal reports, at least if a pair of deals by billionaire oil and gas investor George Kaiser is any indication. Kaiser, who built his fortune buying energy assets during downturns, is jumping back into the market, penning a $412 million natural gas...

Drilling Boom Sends Natural Gas Supplies Soaring

Boom raises hope for cheaper prices as reserves expand

(Newser) - The US is ramping up natural gas production in a manner not seen since the post-World War II boom—scoring a nearly 9% increase through the first five months of 2008, reports the New York Times. The drilling boom comes as new technology is able to release gas long believed...

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