chesapeake gas drilling chemung county
Chesapeake Energy shares jumped after the natural gas producer announced plans to expand drilling and boosted its production forecasts. The Oklahoma City-based company says 2008 output should rise 21 percent over last year’s total, to 2.37 billion cubic feet of natural gas. Output in 2009 is likely to grow another 16 percent.
Chesapeake also laid out plans […]
March 27th, 2008 – Posted in Oil and Gas
Natural gas drilling in the Southern Tier, once heavily weighted in favor of the drilling companies, is now shifting toward the landowners’ interests.
Two factors are pushing the pendulum. One is a new policy, implemented in August 2005, which allows parties with land in a well unit to buy their way into the drilling of that […]
March 4th, 2007 – Posted in General, Oil and Gas
In Texas, it seems they’ll drill for oil and gas just about anywhere. The state’s thirst for petroleum products was underscored on Tuesday when the Chesapeake Energy began drilling operations at an unlikely location — the Dallas/Fort Worth (DFW) International Airport.
Roughnecks lowered a massive gold drill bit into the soil near one of the runways […]
May 23rd, 2007 – Posted in General, Oil and Gas
Chesapeake Energy Corporation announced that it has acquired or has agreed to acquire approximately 8,500 net undeveloped leasehold acres in the heart of the Barnett Shale play in Tarrant County, Texas, from Four Sevens Resources Co., Ltd., Sinclair Oil & Gas Company and several of their affiliates and partners. In addition, Chesapeake announced that it […]
July 5th, 2007 – Posted in Oil and Gas, Press Release
Chesapeake Energy Corporation has scheduled its 2006 fourth quarter and full year financial and operational results release to be issued after the close of trading on the New York Stock Exchange on Thursday, February 22, 2007.
The company has also scheduled a conference call to discuss the release for Friday morning, February 23, 2007 at […]
January 15th, 2007 – Posted in General
Energy prospectors seeking natural gas reserves are bidding more than $5.75 million for the right to drill in state forests in the Southern Tier and Cortland County — a process expected to begin next year.
Chesapeake Natural Gas, a drilling company from Oklahoma, was the top bidder in seven of 10 tracts of state land in […]
November 12th, 2006 – Posted in General, Oil and Gas
Gastar Exploration Ltd. has drilled the Wildman Trust #2 well located in Leon County, Texas to a total depth of 19,500 feet and, based on preliminary analysis of electric logs and gas shows encountered during drilling, the well encountered approximately 220 net feet of apparent pay with high indicated porosity in three separate middle Bossier […]
August 26th, 2006 – Posted in General, Oil and Gas
Grifco International, Inc. (GFCI) announced that it has formed Precision Drilling Inc., to act as the prime drilling contractor for the 208 gas wells to be spudded in Crockett County, Texas. The new profit center will be incorporated in Nevada, with 51% ownership retained by the Company.
January 10th, 2007 – Posted in General, Oil and Gas
Dirty, gritty faces stared out from the ads in Texas major newspapers for the past two days declaring that “Coal is Filthy” and urging people to oppose TXU Corp.’s proposal to build 11 coal-fired electric plants. The ads looked like they were placed by two well-known environmental groups to promote an anti-coal plant rally this weekend.
February 6th, 2007 – Posted in Coal, General
County Line Energy Corp. said that it commenced drilling of the Consort Gas Property in east central Alberta.
The depth of the well will be about 1010 meters and it will total depth within the Wabamum formation. The main target of this test well is the third zone which is a true fluvial Glauconite Channel sand […]
December 15th, 2006 – Posted in General, Oil and Gas
Hemi Energy Group, Inc. is permitting four new wells to be drilled on its Woodson County, Kansas leases. The company will drill its first oil well of its 2007 drilling program this winter. Winter drilling allows Hemi to establish a good working relationship with drilling contractors prior to the spring new well drilling rush. We […]
January 16th, 2007 – Posted in General
The signing of a legal settlement ensures no drilling for coal-bed methane will take place on Bozeman Pass. The settlement with J.M. Huber Corp. resolves three lawsuits brought by the company after it was denied permission to drill a CBM test well in the area.
The dispute came to a quiet end this week with signing of […]
November 26th, 2006 – Posted in General