Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Chesapeake Energy Corporation    CHK

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Chesapeake Energy Corporation : Chesapeake Wyoming well blowout no threat to water: EPA

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/26/2012 | 06:07pm CET

A blow out at a Chesapeake Energy Corp. (CHK.N) well in Wyoming doesn't pose a threat to water supply in the region, and leaking natural gas and drilling mud are being effectively contained, the U.S. Environmental Protection Agency said on Thursday.

"Our understanding is that attempts will be made to seal the actual blow out today," EPA Region 8 spokesman Richard Mylott said in an email.

The loss of well control at a Chesapeake-operated well on Tuesday triggered a leak of unspecified quantities of natural gas and drilling mud, the company said on Wednesday.

The company said it has a crew in place and plans to seal the well as soon as safety conditions permit. A spokesman did not provide further details on Thursday.

Dozens of residents near the well, which is located about 10 miles from Douglas, Wyoming, were evacuated from their homes after the incident. No injuries, explosion or fires have been reported, and air quality readings near the well were "normal" on Wednesday, Chesapeake said earlier.

The EPA has visited the site and determined the incident poses "no current threat to waters in the United States," the EPA's Mylott said.

Chesapeake is "effectively containing the drilling mud and controlling the area for exposure to natural gas," he added in a statement.

An EPA official had told Reuters on Wednesday that a "sheen" had been reported on an irrigation channel and pond near the well.

The cause of the well incident was under investigation.

Oklahoma City-based Chesapeake is the No. 2 U.S. natural gas driller. Wyoming is a key area of drilling expansion for Chesapeake, which holds leases across in the oil and gas-rich Niobrara Shale play that straddles Wyoming and Colorado.

Chesapeake shares fell 0.5 percent to $18.03 on the New York Stock Exchange in Thursday morning trading.

(Reporting by Joshua Schneyer and Selam Gebrekidan;editing by Sofina Mirza-Reid)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHESAPEAKE ENERGY CORPORAT
01/13DJCHESAPEAKE ENERGY : Foundation Battles Over Pledge -- WSJ
01/12DJCHESAPEAKE ENERGY : Ronald Reagan Foundation Pursuing Aubrey McClendon's Estate
01/05 CHESAPEAKE ENERGY CORPORATION : Announces Final Results Of Cash Tender Offers Fo..
01/05 CHESAPEAKE ENERGY CORPORATION : Announces Final Results Of Cash Tender Offers Fo..
01/03 ECLIPSE RESOURCES CORPORATION (NASDA : ECR) Files An 8-K Departure of Directors ..
01/01 CHESAPEAKE ENERGY : Ray-Endicott
2016 U.S. oil, gas reserve-based loans rise by 5 pct
2016DJKey Metric Likely Won't Reflect Oil Rally
2016 NEWSMAKER : Dan McDonald took on Chesapeake Energy, and won
2016 CHESAPEAKE ENERGY CORPORATION : Announces Redemption Of 6.5% Senior Notes Due 20..
More news
Sector news : Oil & Gas Exploration and Production - NEC
01/17 Exxon doubling Permian Basin holdings in U.S. for up to $6.6 billion
01/17DJExxon Mobil Expands Permian Basin Footprint -- Update
01/17DJNOBLE ENERGY : Sets $2.7 Billion Deal -- WSJ
01/17DJNOBLE ENERGY : to Buy Oil and Gas Company Clayton Williams -- 2nd Update
01/16DJNOBLE ENERGY : to Buy Clayton Williams
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
01/16 RESOURCE SECTOR DIGEST : Is It Uranium's Turn To Rise And Shine?
01/14 ENERGY COMPLEX CREDIT AGENCY ARBITRA : Inefficiency In CCC Rated Credit Risk
01/13 Global Oil Demand To Skyrocket
01/13 Amazon Has Brought A Paradigm Shift In The Market - Cramer's Mad Money (1/12/..
01/12 Did Chesapeake Energy Get The Desired Results From Tender Offers?
Advertisement
Financials ($)
Sales 2016 7 984 M
EBIT 2016 84,8 M
Net income 2016 -3 599 M
Debt 2016 10 075 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 9,83
EV / Sales 2016 2,03x
EV / Sales 2017 1,87x
Capitalization 6 141 M
More Financials
Chart CHESAPEAKE ENERGY CORPORAT
Duration : Period :
Chesapeake Energy Corporat Technical Analysis Chart | CHK | US1651671075 | 4-Traders
Full-screen chart
Technical analysis trends CHESAPEAKE ENERGY...
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 34
Average target price 7,67 $
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Robert Douglas Lawler President, Chief Executive Officer & Director
R. Brad Martin Non-Executive Chairman
Domenic J. Dell’Osso Chief Financial Officer & Executive Vice President
Cathy L. Tompkins CTO & Senior Vice President-Information Technology
Merrill A. Miller Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CHESAPEAKE ENERGY CORP..-0.14%6 141
PACIFIC EXPLORATION AN..--.--%132 351
CONOCOPHILLIPS0.02%62 682
EOG RESOURCES INC4.33%60 753
CNOOC LTD2.18%56 717
OCCIDENTAL PETROLEUM C..-2.11%52 790
More Results