Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, May 17, 2012

Are Chesapeake's Problems A Red Flag For Shale Gas?

Are Chesapeake's Problems A Red Flag For Shale Gas?

Chesapeake Energy has been in the news a lot, lately, concerning both the significant challenges it faces in financing its ambitious development program, and its high-profile CEO, who was recently forced to relinquish his role as Chairman. The company's stock is trading for half its value one year ago and less than a fourth of its 2008 peak. Chesapeake is the second-largest producer of natural gas in the US after ExxonMobil, and probably the company most associated with the shale gas revolution, yet it is struggling.

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