Chesapeake Energy Corporation (NYSE:CHK) has sold about $412 million worth of royalty interests in "long-lived, producing assets" in gas fields in Oklahoma and Arkansas. The buyer was a private equity firm, Argonaut…
On December 12th, the US Energy Information Agency reported that the cost of a barrel of crude in the US was $36.58/barrel. On December 22nd, conventional regular gasoline in the US sold…
Falling crude oil prices have hit Russia particularly hard. The country needs a crude price of about $70/b to cover production costs and to fund the government. So, what do they do…
Chesapeake Energy Corp. (NYSE:CHK) filed three documents with the SEC on Friday. One replaces a shelf registration that expires on December 5, the second authorizes the issuance of up to 50 million…
One oilfield services giant, Schlumberger (NYSE:SLB), and one large oilfield services and well manufacturing company, National Oilwell Varco (NYSE:NOV), have announced plans to form a joint venture focused on intelligent well-drilling. National…
If BP plc (NYSE:BP) plans to buy Chesapeake Energy (NYSE:CHK) as the rumor mill has suggested, it had better hurry up while there’s still something left. Early this morning, Chesapeake announced that…
BP plc (NYSE:BP) shares are up about 2.5% pre-open today on rumors that the British petroleum giant is considering making an offer for Chesapeake Energy (NYSE:CHK). Chesapeake is the largest natural gas…
This has been a very sketchy earnings season, and the crazy stock markets have offered very little help in being able to evaluate many companies. But despite the massive drop in oil…
According to Reuters, GM (GM) and Chrysler have asked the government for $10 billion to close their merger. Reuters reports that Boeing (BA) and its machinists have entered into a tentative labor…
These are some of the top analyst pre-market upgrades we are seeing early this Monday morning: Anadarko Petroleum (APC) Raised to Outperform at Oppenheimer. Apache (APA) Raised to Outperform at Oppenheimer. Applied…
The latest theory about Big Oil is that it will be brought down by falling oil prices. Shares in companies such as Exxon (XOM) and BP (BP) will be battered beyond recognition.…
Kinder Morgan Energy Partners (NYSE:KMP) and Energy Transfer Partners (NYSE:ETP) are teaming up again, this time on a joint venture to move up to 2 billion cubic feet of natural gas per…
Oil is trading sharply higher this morning, partly because of oil pipeline and delivery disruptions. Platts reported that crude oil flows through the BTC pipeline have dropped from about 800,000 b/d to…
A good thing happens, but a bad thing happens. The current market works that way. All the arrows never point in the same direction. As word of the government’s bank bailout spread,…
BP (BP) says it got what it wanted from negotiations with its Russian joint venture partner. in TNK-BP. There will be new independent directors and the current CEO will leave. There may…
Douglas A. McIntyre 