Posts Tagged ‘city-based’

Chesapeake may delay target to pare debt

by on November 2, 2012 7:21 pm BST
Shares of the US oil and gas company slumped nearly 8% to $18.48 on word of the delays."We remain absolutely committed to reducing our net long term debt to no more than $9.5 billion and if not achieved December 31, 2012, we expect to accomplish this number one goal in early 2013,

Chesapeake to sell acres in Western Oklahoma oil play

by on October 11, 2012 1:49 pm BST
Chesapeake to sell acres in Western Oklahoma oil playBY BEN LEFEBVREOKLAHOMA CITY -- Chesapeake Energy Corp. is selling a significant swath of land in an oil-and-gas play that the company had recently called a "significant boost" to its long-term strategy.Chesapeake is selling more than 28,000 net acres in

Continental aims to triple output by 2017

by on October 8, 2012 9:25 pm BST
The Oklahoma City-based company will start with an expected 30% to 35% increase in production next year, it said in a statement. The increase will come on the back of a capital expenditures budget, excluding acquisitions, of $3.4 billion, whch will enable Continental to complete 300 net wells in 2013.Continental

Chesapeake testing green frac fluids

by on October 2, 2012 6:37 pm BST
Chesapeake plans to develop a 100% green mixture of fluids used to fracture gas and oil formations underground, Jody Jones, the company’s manager of environmental and regulatory affairs, said on Tuesday during a gathering of energy-industry executives in Columbus, Ohio, Bloomberg reported.Current frac fluid formulations often include hazardous