More plaintiffs are lining up to take a crack at Chesapeake Energy, this time joined by the city of Fort Worth. It's the second major North Texas city to file suit against the first player to make a big splash extracting natural gas from the Barnett Shale. Arlington brought its $1 million claim to c ... More >>
Chesapeake Energy, one of the shale boom's biggest players, has amassed the rights to drill on acreage roughly equal to the size of West Virginia. It's a shrewd strategy -- tie up all the land you can using outrageous sums of borrowed cash (more than $30 billion), freeze out your competitors, then d ... More >>
America’s fracking gold rush portends the greatest environmental disaster of a generation.
Chesapeake Energy, the country's second-largest producer of natural gas, has been hit with a class-action lawsuit accusing the company of violating royalty agreements with landowners in Tarrant and Johnson counties. As you may recall, an identical suit was brought in July by a family of Johnson Cou ... More >>
A family of Johnson County landowners is suing Chesapeake, the country's second-largest natural gas company, for allegedly cheating them out of royalties. Their lawyer, Dallas-based attorney James Holmes, says they can thank endlessly indulgent Texas laws and a taxing authority more inclined to look ... More >>
Chesapeake Energy and Rolling Stone writer Jeff Goodell are battling over his March feature. The abridged version of the lengthy piece, unpacked further by Brantley, goes like this: Drilling appears to be a Ponzi scheme with Chesapeake's founder, Aubrey McClendon, as its leader. Neither McClendon no ... More >>
Is the United States the "Saudi Arabia of natural gas?" as President Barack Obama has said. Or has the energy industry used fuzzy math to hype its estimated reserves to entice buyouts and Wall Street investment? Tough to say for sure, but last month the U.S. Energy Information Administration scaled ... More >>