Hey Boys, We Got Laws in These Parts
Following last weeks order to Range Resources and Chief Oil & Gas to suspend a portion of their operations at separate sites in Lycoming County for violating Pennsylvania's Clean Streams Law, the Department of Environmental Protection Secretary Kathleen A. McGinty thought it appropriate today to advise oil and gas industry officials that developing the natural gas resources found in the Marcellus Shale formation must be done in accordance with the state's environmental laws and regulations.
Full Story at http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-06-2008/0004827961&EDATE=
Friday, June 6, 2008
Drillbits
Wednesday, June 4, 2008
Drillbits
Just How Big Is That Truck Aubrey?
Aubrey McClendon, Chairman and Chief Executive Officer of Chesapeake Energy purchased 400,000 more shares of CHK last Friday to increase his personal holdings to 32.2 million shares. The average price per share for this $21.97 million investment was $54.96. This is $2.12 more per share than the 600,000 shares he purchased the previous Friday. So far, in 2008, Aubrey has individually invested nearly $142 million in CHK common stock to purchase 3.1 million shares in the open market.
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