All things pertaining to the leasing, drilling and production of shale gas and oil.
By Keith Mauck
Over the last few years litigation arising from Chesapeake Energy’s royalty practices, has reached a tipping point with a number of new suits being filed in the last year and stretching into new legal theories of liability. The origins of this litigation boom against Chesapeake stems from changes in the company’s royalty calculation, which saw them reinterpreting thousands of royalty agreements beginning in 2012. Among industry observers, this strategy was an attempt partially to mitigate a massive debt burden and cash shortfalls arising out of the 2012 drop in gas prices. Although some experts indicate that, the foundation for this move was rooted in the financial collapse of 2008.
Posted by Keith Mauck, Publisher on September 30, 2014 at 9:30am
Posted by Keith Mauck, Publisher on September 6, 2014 at 9:30am
Two weeks ago last Saturday, a group of residents led by an environmental activist marched in Burrillville, Rhode Island protesting plans by Spectra Energy (SE-NYSE) to expand the delivery capability of its Algonquin pipeline system that supplies gas to the state and other New England states. Actually, the physical expansion of the pipeline will occur elsewhere, but Spectra Energy operates a compressor plant in Burrillville, one of five it operates along the pipeline, all of which it needs to upgrade in order to move greater volumes of gas through the line into Massachusetts. The Burrillville compressor plant has been operated for 60 years without any issues with its neighbors. The Algonquin expansion is before the Federal Energy Regulatory Commission (FERC) awaiting approval, but just recently the commission issued a draft environmental impact statement (DEIS) on the project.…Continue
Posted by Keith Mauck, Publisher on September 2, 2014 at 4:00pm
A wind farm requires 700 times more land to produce the same amount of energy as a fracking site, according to analysis by the energy department’s recently-departed chief scientific advisor.
Prof David MacKay, who stood down from the Government role at the end of July, published analysis putting shale gas extraction “in perspective”, showing it was far less intrusive on the…
Posted by Keith Mauck, Publisher on August 18, 2014 at 8:57am