TV News LIES

Friday, Apr 25th

Last update02:30:11 AM GMT

You are here News Environment Ex-Chesapeake CEO McClendon raises $1.7 billion to drill in Ohio's Utica Shale

Ex-Chesapeake CEO McClendon raises $1.7 billion to drill in Ohio's Utica Shale

E-mail Print PDF

McClendonAn energy firm run by Aubrey McClendon, the former Chesapeake Energy Corp (CHK.N) chief executive, has raised $1.7 billion to drill on shale acreage in Ohio's Utica Shale, the firm said on Wednesday.

Proceeds will initially be used to acquire and drill on about 110,000 acres in the southern portion of the Utica Shale.

Drilling operations will begin with one rig in the fourth quarter of 2013, and the firm plans to increase drilling activity to at least 12 rigs over the next 2 to 3 years, the firm said.

McClendon, who co-founded Chesapeake in 1989, left in April after clashes over spending with the company's board and a series of Reuters investigations led to civil and criminal probes of the company.

An internal investigation by Chesapeake's board has cleared McClendon of any intentional wrongdoing.

TVNL Comment: What will it take to wake the country to the destruction of its air and soil and water?  Just asking....

More...


Most Recent Related Stories...


Manager at Japan's Fukushima plant admits radioactive water "embarrassing"

FukushimaThe manager of the Fukushima nuclear power plant admits to embarrassment that repeated efforts have failed...

Top court declines Exxon's appeal in NYC water pollution case

exxon fine upheldThe Supreme Court on Monday declined to review a ruling against Exxon Mobil Corp that ordered...

It's Earth Day today: Get your green on

Earth Day 2014Today's Google Doodle is home to a hummingbird, a puffer fish, a dung beetle and a...

Corn biofuels worse than gasoline on global warming in short term – study

Corn biofuelsBiofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!