McClendon says no more major shale discoveries in the US

Aubrey McClendon, chairman, CEO, and founder of Chesapeake Energy, one of the first oil and gas producers to develop shale gas properties in the United States, says the “discovery bonanza” in the US is over and that investors shouldn’t expect major new shale discoveries.

Chinese buy third of Chesapeake South Texas field

OKLAHOMA CITY (AP) -- China's state-owned offshore oil and gas company has bought a one-third interest in 600,000 acres that Chesapeake Energy leases in a South Texas oil and gas field.

CNOOK (SEE'-nook) Ltd. and Oklahoma City-based Chesapeake announced the deal worth up to $2.16 billion Sunday in the Eagle Ford Shale project between Laredo and San Antonio. A joint statement says CNOOC will pay Chesapeake $1.08 billion in cash at closing and share 75 percent of Chesapeake's drilling and completion costs up to another $1.08 billion.

Talisman, Statoil to Buy, Operate Texas Oil Shale

Talisman Energy Inc., the Canadian oil and natural gas explorer, and Statoil ASA, Norway’s largest oil and gas company, said they agreed to pay $1.33 billion for oil shale properties in the Eagle Ford formation in South Texas and form a joint venture to develop the fields.

Cabot Oil Reports New Financing, Strong Output From New Wells

Cabot Oil & Gas Corp. (COG) began production from a second well in the Eagle Ford shale in Texas while two other wells in the Marcellus Shale in Pennsylvania continue to see improved outp

Texas woman sues Chesapeake, seeking royalties

The suit said Chesapeake Operating Inc. should base royalties on the full market value of natural gas. But it said that instead, it bases them on a "fictitious" price that it gets from Chesapeake Energy - a price far below the one Chesapeake Energy gets from real customers.