Rig Count Drops to 21 on Latest Permitting Report

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US Postal Service Subpoenas Chesapeake Energy on Royalty Payments

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Chesapeake Energy continues to see its legal battles compound over its royalty-payment practices. Already facing lawsuits in several different states and having been subpoenaed by the U.S. Department of Justice, StateImpact Pennsylvania reports that another government outfit is taking a legal interest in the company's royalty payment strategies: Chesapeake Energy has been subpoenaed by the U.S. Postal service, seeking information on its royalty practices, according to a regulatory filing.  As StateImpact Pennsylvania has previously reported , the Oklahoma City-based driller faces a slew of disputes and complaints over how it pays royalties. We've posted articles in the past that looked at some of the questionable practices that Chesapeake has employed to reduce the amount of royalties it pays out to landowners.  As a quick refresher, note how ProPublica reporter Abrahm Lustgarten shared some of the details in an article which we shared here on The Daily Digger in March
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Major Oil and Gas CEO's Side With Climate Change Initiative

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            Climate change has been an ongoing topic in the past years and one of the main topics covered during the presidential campaign by then-presidential candidate Joe Biden. He had  threatened to remove  all fracking sites to reduce carbon emissions to zero. Of course, towards the end of the presidential campaign, Joe Biden became less hostile towards the fracking industry and devised a more reasonable way of reducing carbon emission.      On Monday, at least 10 chief executives from major U.S. oil companies (Exxon Mobil Corp., BP Plc, ConocoPhillips, Royal Dutch Shell Plc, Chevron Corp, and Devon Energy Corp) have decided to collaborate with the Biden administration in its campaign against climate change. White House National Climate Adviser Gina McCarthy has stated that oil industry leaders promised support for federal regulations. The main focus being limiting emissions of methane from wells and other oilfield equipment.      This is the first step in a list of carbon-cuttin
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