Chesapeake Energy Corporation rejected an inaccurate and misleading article in the Sunday, June 26, 2011 edition of the New York Times that accused the company of exaggerating natural gas shale wells’ productivity and industry reserve estimates of future well performance despite numerous available sources verifying the estimates. Read more »

Oil prices were roaring Thursday July 7, 2011 morning on bullish inventory and analyst reports and upbeat economic news.

West Texas Intermediate (WTI) light sweet crude oil for August delivery was spiking by $2.22 to $98.87 a barrel, while the September Brent crude contract was gaining $2.84 to $116.07, despite a weaker euro and stronger dollar. Read more »

Gas and oil drilling is a quickly growing industry, but Mahoning Valley landowners looking to capitalize should proceed with caution, according to a local lawyer and a nonprofit oil and gas leasing organization.

Many oil businesses, including Oklahoma City-based Chesapeake Energy Corp., one of the largest oil companies in the U.S., are using a newer tactic which, while perfectly legal, potentially could cost landowners thousands of dollars. Read more »

Oil edged above $95 a barrel Monday July 5, 2011 in Asia, bolstered by news that Greece was saved from near collapse after obtaining a vital loan installment.

Benchmark crude for August delivery was up 23 cents to $95.23 per barrel at late afternoon in Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract shed 48 cents to settle at $94.94 on Friday.

In London, Brent crude for August delivery was down 24 cents to $111.53 a barrel on the ICE Futures exchange. Read more »