Shale Pioneer Chesapeake Energy Files for Bankruptcy
Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus…
Chesapeake Energy to Reduce CapEx by 30%
U.S. oil and gas company Chesapeake Energy Corp said it expects its capital expenses to drop by about 30% in 2020 after it reported a bigger-than-expected loss on Tuesday because of a sharp drop in production…
U.S. NatGas Prices Near 25-year Low as Glut Weighs
In the shale field that helped launch the U.S. natural gas boom a decade ago, Chesapeake Energy Corp this month set aside its last drilling rig. The problem for the once No. 2 U.S. gas producer was not a lack of gas…
Battered U.S. Oil Producers Soar on Saudi Attacks
Shares of U.S. oil and gas companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil facilities drove a relief rally in one of the S&P 500's worst performing sectors this…
Chesapeake Beats Street, Predicts Higher Output
Chesapeake Energy Corp's quarterly profit beat analysts' estimates on Wednesday and the company said it expects to produce more crude oil in 2019, boosted by its acquisition of WildHorse Resource in October.Chesapeake's…
BP Pays $10.5 bln for BHP Shale Assets
BP Plc has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton for $10.5 billion, expanding the British oil major's footprint in some of the nation's most productive oil basins in its biggest…
Chesapeake Beats Street as Costs Fall
Chesapeake Energy Corp's quarterly profit exceeded analysts' estimates on Wednesday, as it produced more oil and natural gas at higher prices while continuing to lower costs, pulling shares in the company around 3 percent higher.
Chesapeake Energy's Q4 Profit Beats Street
Chesapeake Energy Corp's fourth-quarter profit topped analysts estimates, helped by higher production and prices of oil and natural gas, sending the company's shares up about 6.5 percent premarket on Thursday.
Chesapeake Energy Beats Street
Oil and gas producer Chesapeake Energy Corp reported on Thursday a quarterly adjusted profit that beat analysts' estimates on tight cost controls and higher oil prices. Oklahoma-based Chesapeake had warned last…
Chesapeake Energy Expects Q3 15 pct Output Drop
Chesapeake Energy Corp said it expects a 15 percent drop in third-quarter production due to disruptions in weather, asset sales and changes in capital allocation. The natural gas producer said it expects current-quarter production to be about 542…
US Drillers Add No Oil Rigs as Harvey Slows Production
U.S. energy firms did not add any oil rigs this week as Hurricane Harvey barrelled into the nation's energy heartland, forcing drillers to halt production and refiners to shut plants. The total oil rig count for the week ended Friday stayed at 759…
Chesapeake Energy Beats Street, Plans Rig Cuts
U.S. natural gas producer Chesapeake Energy Corp reported a better-than-expected quarterly profit on Thursday and said it expects production to rise for the rest of the year even as the company plans to operate fewer rigs.
US Shale Producers Say Spending Flexibility Is Key
U.S. shale oil producers plan to keep drilling new wells despite this month's crude price drop but expect to revisit spending should pricing remain below $45 a barrel for several months. "We will not drill into oblivion…
Chesapeake Profit Beats Street
U.S. natural gas producer Chesapeake Energy Corp reported a better-than-expected quarterly profit and raised its 2017 production estimate, helped by an uptick in crude prices after a more than two-year slump.
New US Pipelines to Drive Natural Gas Boom as Exports Surge
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters.
US Oil Rig Count Highest Since Sept. 2015 -Baker Hughes
U.S. drillers added oil rigs for an eighth week in a row to the most since September 2015, extending a ten-month recovery as energy companies boost spending to take advantage of a recovery in crude prices since OPEC agreed to cut production late last year.
Chesapeake to shed Haynesville Asset
U.S. natural gas producer Chesapeake Energy Corp said it would sell a part of its acreage in the Haynesville Shale area for $450 million to a private company. Chesapeake shares were up more than 5 percent in premarket trading on Monday.
US Drillers Extend Rig Recovery into Sixth Month
U.S. oil drillers increased rigs this week for a 20th week in the last 23, as energy firms follow through on plans to add rigs made months ago when crude was still trading over the key $50 a barrel level analysts said should lead to more drilling.
Chesapeake Energy Expects Higher Output in 2017, 2018
U.S. natural gas producer Chesapeake Energy Corp reported a surprise adjusted profit, helped by lower expenses, and said it expects to exit the next two years at higher production rates. Shares of Chesapeake, which also kept its 2017 budget nearly unchanged…
Chesapeake Posts Surprise Q3 Profit
U.S. natural gas producer Chesapeake Energy Corp reported a surprise quarterly adjusted profit on Thursday as lower costs helped cushion the impact of weak commodity prices. The company, whose shares were up 7.5 percent at $5.71 in premarket trading…
