TV News LIES

Wednesday, Jun 28th

Last update05:20:13 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...


Overnight Energy: Trump moves to repeal Obama water rule

Trump to change Obama water protection actThe Trump administration took formal action Tuesday toward repealing the Obama administration’s controversial regulation that extended...

Church Of England ‘Colluded And Concealed’ Sex Abuse Of Young Men, Report Finds

Church of England sex abuse in reportThe Church of England failed to respond appropriately to victims who accused a former bishop of...

Utah's Brian Head wildfire torches more homes as residents flee

Utah fires causes more to fleeA wildfire menacing the southern Utah ski town of Brian Head for nearly a week flared...

Oil giants back carbon tax proposal

Oil companies support carbon taxMajor oil companies are lining up behind an idea from former top Republicans to impose a...
 
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!