February 5, 2013
June 4, 2012
In March, Minard Run from Bradford PA purchased from CHK, over 400
wells in Cayuga county and Onondaga county including wells near
Skaneateles Lake, just outside the 4000′ setback from the watershed
and many wells in Cayuga County near Cayuga Lake.
Included in their purchase is one of the three NY injection disposal
wells near the head of Cayuga Lake.
They intend to apply for permits to develop more Queenston wells, and
eventually go for the Utica. they hold over fifteen thousand
Marcellus leasehold acres in Bradford county. minardrunoil.com
Thanks to Bill Hecht for the head’s up on this.
May 12, 2012
Boone Pickens recently sold his entire stake in Chesapeake Energy.
Worried about the collapsing price of natural gas, Boone Pickens recently sold his entire stake in Chesapeake Energy, he told CNBC during an exclusive interview at the SALT alternative-asset conference in Las Vegas.
Pickens, who manages a $140 million energy-focused equity fund as part of his investment firm BP Capital, held about $13 million worth of Chesapeake [CHK 14.81 -2.37 (-13.8%) ] shares, which made up 9 percent of BP’s equity portfolio as of late December, according to a recent filing. But Pickens told CNBC he sold that position in the last few months as the price of gas spiraled below $2.