The nation’s second-largest natural gas producer, Chesapeake Energy Corp., is trying to reassure investors it can rein in costs and cover a budget shortfall. According to Reuters, the company will market acreage in the Marcellus region, in order to focus more on its core drilling operations in Texas: Investors took control of the Chesapeake board in [...]
Things aren’t looking good for Chesapeake these days and now the trouble has filtered down to its workers. Bloomberg BusinessWeek reports the company announced layoffs in Texas on Tuesday, handing out pink slips to 70 employees. That amounts to just 8 percent of its workforce in northern Texas, and an even smaller percentage of its 13,000 [...]
Pennsylvania’s Department of Environmental Protection Secretary Michael Krancer tells CBS news that natural gas migration has always existed in Pennsylvania’s private drinking water wells. The Early Show also interviewed Chesapeake Energy CEO Aubrey McClendon, who says the drilling industry did not understand Pennsylvania’s unique geology at first, but have since made changes to well casings. [...]
Chesapeake Energy CEO Aubrey McClendon tells Forbes.com in an interview posted Wednesday that gas drilling opponents ignore the economic, environmental and national security benefits of gas development because they’re angry that cheap gas is burning brighter as an energy option than renewable sources such as wind and solar. Some of Forbes’ questions, which were posed [...]
StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »