Thursday, January 9, 2025

Aubrey McClendon – Oil & Gas Shale Wildcatter – Dead at 56

Aubrey McClendon, who was co-founder (with Tom Ward) of Chesapeake Energy (ticker: CHK; CHK.com), died in a one-car crash in rural Oklahoma early morning March 2, 2016. A maverick in America’s shale oil and gas industry, he will be mostly remembered for building Chesapeake into one of America’s largest natural gas producing companies.  The company was founded with a loan of

RBC reported strong numbers despite oil exposure

Canadian Banks Comfortable with Energy Exposure

Canadian banks have $80 billion of exposure to oil including untapped loans Canada’s top banks have a combined exposure of C$107 billion (USD$80 billion) to the oil and gas industry, inclusive of untapped credit lines, reports Bloomberg. Canadian Imperial Bank of Commerce said in its earnings call that total exposure to oil and gas firms rose to C$18.7 billion in

Natural Gas Price Battered by Faltering Asian Demand and New LNG Supply Coming Online

Natural gas prices are down more than 4% today at $1.67 per MMBtu, the lowest they have been since 1999. Waning demand for natural gas in Japan, warmer weather expectations in the U.S., along with an expected surge in LNG supplies has put a great deal of downward pressure on natural gas prices. Japan, the world’s largest importer of natural