TV News LIES

Friday, Oct 31st

Last update05:45:03 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...


The Weather Channel disavows co-founder’s comments on climate change

weather channelAtlanta-based Weather Channel CEO David Kenny told staff in a note today that the network co-founder’s...

Hundreds of thousands of gallons of oil from BP spill may be on the ocean floor

BP spill oil on ocean floorOver 5 million barrels of oil was released into the ocean during the BP Deepwater Horizon...

Hawaii residents leave homes as lava flow nears

Lava flow HawaiiCivil defense officials in Hawaii County said late Tuesday the lava was about 370 yards from...

NPR Slashes Number Of Environment Reporters

NPR slashes environment reportersNational Public Radio is down to just one environment reporter, and he's only covering the beat...
 
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!