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Tuesday, May 13, 2014

Links for 5/13/14: Chesapeake Returning to Dry Gas, Voters Reject Fracking Ban, and More

Energy in Depth:  GAO Report a Testament to States’ Effective Regulation of Oil and Gas   -   "This week, the U.S. Government Accountability Office (GAO) released a new report, which states that the Bureau of Land Management’s (BLM) regulation of oil and gas development leaves room for..."

Akron Beacon Journal:  Chesapeake Energy plans to begin exploring natural-gas-only areas in eastern Ohio   -   "Chesapeake Energy Corp. will soon begin exploring its natural-gas-only areas in eastern Ohio.  The company is “excited about some of the tests that we’ve seen” on the dry-gas areas, spokesman Chris Doyle said Wednesday in a teleconference/earnings call with analysts on..."

Youngstown Vindicator:  Youngstown voters reject fracking ban in city for the 3rd time - "With city voters rejecting a citizen-initiative charter amendment to ban fracking in the city for the third time in a year, supporters of the Community Bill of Rights say it will be back for a fourth time and..."

Cleveland.com:  Ohio lawmakers move ahead with 'compromise' severance tax proposal, but many uncertainties remain   -   "After weeks of behind-the-scenes discussions, an Ohio legislative committee on Wednesday agreed to seek a higher proposed tax rate on fracking activity in the state than what lawmakers..."

Press release:  Magnum Hunter Resources Announces Increase in Borrowing Base Under Revolving Credit Facility   -   "Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the "Company" or "Magnum Hunter") announced today that the lenders under its Senior Revolving Credit Facility ("Credit Facility") completed their regular semi-annual redetermination of the Company's borrowing base..."

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