Barnett Shale Rig Report

Saturday, May. 26, 2012

Tarrant CountyRead more

3 fewer active drilling rigs in the U.S.

| |Friday, May. 25, 2012

U.S. active drilling rigs fell by three this week to 1,983, Baker Hughes said. There were 1,383 rigs seeking crude oil and 594 seeking natural gas, with six listed as miscellaneous. Colorado gained five rigs and North Dakota four, while Texas declined by eight. A year ago there were 1,847 rigs.Read more

Icahn touts Chesapeake stake, demands new slate of directors

| |Friday, May. 25, 2012

The hedge fund manager demands a new slate of directors.Read more

Weatherford judge under scrutiny for fliers that target the EPA

| |Thursday, May. 24, 2012

Trey Loftin's campaign fliers comment on a gas case that isn't over.Read more

Icahn said to have stake of more than 4% in Chesapeake

| |Thursday, May. 24, 2012

Billionaire investor Carl Icahn, known for pushing for change at the companies in which he invests, has become one of Chesapeake Energy's largest shareholders, said a person with knowledge of the matter.Read more

Chesapeake chides shareholder activist

| |Wednesday, May. 23, 2012

New York's comptroller had urged voting against two directors.Read more

Chesapeake board faces challenge on its oversight

| |Monday, May. 21, 2012

Shareholders are urged to vote against two directors.Read more

Barnett Shale Rig Report

Friday, May. 18, 2012

Tarrant County

Chesapeake Operating, Oklahoma City: horizontal off Las Vegas Trail, north of Interstate 20.Read more

Chesapeake Energy cuts board pay, use of corporate jets

| |Friday, May. 18, 2012

Chesapeake Energy, responding to controversy over the top executive's financial dealings, is cutting board pay by about 20 percent and eliminating directors' use of company airplanes for personal travel.Read more

Official seeks defeat of 2 Chesapeake board members

| |Thursday, May. 17, 2012

Chesapeake directors didn't act for investors, an official says.Read more

Chesapeake Energy's credit is downgraded

Tuesday, May. 15, 2012

It will struggle to pay off its debts amid low gas prices, S&P says.Read more

Chesapeake CEO welcomes Icahn interest; firm puts off sale of future production from Eagle Ford Shale

|Monday, May. 14, 2012

The sale of as much as $1 billion in future production from the Eagle Ford Shale has been postponed.Read more

Barnett Shale Rig Report

Saturday, May. 12, 2012

Tarrant County

Legend Natural Gas IV, Fort Worth: horizontal off Oak Grove Road, east of Interstate 35W and Walsbury Boulevard.Read more

Tests of water wells in Pennsylvania drilling area turn up little, EPA says

| |Friday, May. 11, 2012

Well water in the Pennsylvania drilling area is deemed safe to drink.Read more

Oil and gas turn South Texas into a boom area

| |Friday, May. 11, 2012

Drilling brings jobs, traffic and tax revenue to a 20-county region.Read more

Shale drilling can be safe, U.S. official from Fort Worth says

| |Thursday, May. 10, 2012

A Southwest High graduate leads an interagency panel looking at the risks and benefits.Read more

Business briefs: Chesapeake shareholder suit accuses company of underreporting jet use

Wednesday, May. 09, 2012

Chesapeake shareholder

sues directors over jetsRead more

Quicksilver reports a bigger-than-expected first-quarter loss

| |Tuesday, May. 08, 2012

The Fort Worth-based natural gas producer reported a $15 million loss, about twice what analysts expected.Read more

Arlington faces lawsuit over fee on natural gas wells

| |Monday, May. 07, 2012

Two natural gas well trade organizations filed suit Monday in a District Court in Tarrant County to prevent Arlington from implementing what they deem an unnecessary and discriminatory new tax on gas wells.Read more

Chesapeake's largest shareholder urges company to consider buyout

| |Monday, May. 07, 2012

The holder of 13.6 percent of Chesapeake's shares urges the board to be open to offers.Read more

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