Natural Gas Fracking Boom Turns Bust For Big Fracker
If the sage grouse goes down, it’s taking the leading — and bleeding — natural gas fracking company Chesapeake Energy along for the ride.
chesapeake energy
The Great American Fracking Bubble
In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry’s next boom, made possible by advances in fracking, which broke open fossil fuels from shale formations around the U.S. What was McClendon’s secret?
Natural Gas In New York Marcellus Shale Costs More To Get It Out Than The…
Originally published on DeSmogBlog. By Sharon Kelly For years, the shale industry has touted the economic benefits it can provide. An overflowing supply of domestic natural gas will help keep heating and electric bills low for American consumers, they argue, while drilling jobs and astounding royalty windfalls for landowners will reinvigorate local … [continued]
US EPA Nails Fracker With Record Fine
The woes just keep piling up for Chesapeake Energy. The company is front and center in the nation’s natural gas fracking boom and it just got hit with one of the largest ever civil penalties for violating Section 404 of the Clean Water Act. The penalty was levied against its … [continued]
The Fracking Chickens Are Coming Home To Roost
This won’t be the first time we’ve heard whispers of impending doom for the natural gas fracking industry, but since this one is coming from Bloomberg it’s probably worth a listen, so here’s the deal. Yesterday, Bloomberg reported that the boom in gas field purchasing from 2009 to 2012 has … [continued]
