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 >>
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 >>
Back in February, I wrote about a heavily publicized report released by the University of Texas Energy Institute that billed itself as the authoritative guide for regulators wrestling with the extraction of natural gas from shale formations and the novel combination of directional drilling and hydra ... More >>
Beleaguered is how you might describe efforts to clean Texas air. Emissions reduction plans -- leaning primarily on cutting vehicle exhaust -- have been gutted by the state Legislature. But one provision, passed in the last legislative session and sponsored by Woodlands Republican Senator Tommy Will ... More >>
A senator from New Mexico has proposed a bill that could change the face of Texas electric generation. And it has another interesting side-effect: It could reinvigorate a shale gas play depressed by tanking prices.
U.S. Senator Jeff Bingaman, chair of the Senate Energy and Natural Resources Committ ... 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 >>
Yeah, it doesn't make sense to us either. A couple of weeks ago we asked if America could stop pretending that politicians and their benefactors in the energy industry actually give two shits about "energy independence" or "energy security," or any of the other portent-laden, focus-grouped catch phr ... More >>
Photo by Leslie MinoraReal estate expert, Dan Wright, talks to the task force about drilling's effect (or lack thereof) on property values.Yesterday afternoon, the city's gas drilling task force heard presentations (slideshows here) from three experts who explained the impact of drilling on n ... More >>
Chesapeake EnergyA diagram from "Ask Chesapeake" shows a disposal well for spent fracking fluid, down into the Ellenburger Formation underneath the Barnett Shale.If you thought you'd heard the last from the City Council on gas drilling for a while, well, think again.Originally, the council was go ... More >>
Patrick MichelsThat's Kim Feil at far right with her pal, Ben ZeneWhile we await the Dallas City Council's decision concerning XTO's permit application to gas-drill within the city limits, we look just a little westward -- toward Arlington, where, tomorrow, the council there will vote on a permit ... More >>
Worries about groundwater contamination from hydraulic fracturing around the Barnett Shale got a fresh wave of attention yesterday -- first with a pair of federal suits filed in Dallas, and then with the Town of Flower Mound's denial of a request to drill near to Grapevine Lake.
Keystone Energy w ... More >>
Sam MertenSo says the press release forwarded this morning by Mayor Tom Leppert's chief of staff, Chris Heinbaugh. It comes from the Dallas Chapter of the Texas Association of Business, which will honor Leppert with its annual Distinguished Business Leader Award early next year, at the 13th A ... More >>
Patrick MichelsEPA representatives hear concerns over current air pollution regulations for the natural gas industry Monday night.They came in striped ties and checkered ties, sport coats and shirtsleeves and the beard stubble of Washington operators on the road. The four white-collar grunts from ... More >>