News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Don Drumm Studios

Hennes Paynter Communications

Cedar Point


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Ohio


Former Chesapeake Energy CEO charges back into Utica shale
Aubrey McClendon is now targeting Guernsey, Belmont, Harrison and Noble Counties -- just south of where his former employer has invested heavily
by WKSU's KABIR BHATIA


Reporter
Kabir Bhatia
 
In The Region:
One of the men who led Ohio’s charge into the Utica Shale is back. Former Chesapeake Energy CEO Aubrey McClendon is now targeting Guernsey, Belmont, Harrison and Noble Counties -- just south of where his former employer has invested heavily. WKSU’s Kabir Bhatia reports.
Former Chesapeake Energy CEO charges back into Utica shale

Other options:
Windows Media / MP3 Download (1:00)


McClendon stepped down from the top post at Chesapeake April 1, 2013 amid questions that arose last year surrounding corporate perks and risky ventures. 

The Columbus Dispatch reports he’s now reportedly raised $1 billion for his new firm, American Energy Partners, which is based in Oklahoma City, just like Chesapeake. 

Last week, Houston-based EnerVest announced it would sell more than 22,000 acres in the Utica Shale to an undisclosed buyer. Chesapeake has more than 1 million acres in the Utica Shale. 

At an energy summit in Columbus in 2011, McClendon estimated the value of the Utica’s oil and gas reserves at half a trillion dollars. 

“If you begin to think about spreading that kind of wealth across five or six counties and east central Ohio, I think you begin to see that this will be the biggest thing, I think, to hit the state of Ohio economically since maybe the plow.” 

Some industry analysts say McClendon has set expectations for oil and gas returns too high. And critics of fracking in general argue the technique damages drinking water.
Listener Comments:

Dear "G"... E-mails to your address were returned "undeliverable." To answer your question, McClendon stepped down from his post at Chesapeake last year; he did not leave the company until earlier this year.


Posted by: Kabir Bhatia (Kent, OH) on August 25, 2013 12:08PM
Lazy reporting here. Aubrey left this year not last year and the topic of this article is old news. To make it worse, everything else is information just filling up space with no real value.


Posted by: G (Ohio) on August 19, 2013 12:08PM
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Ohio lawmakers compromise on teacher evaluation changes
The problem schools have is too much government intervention so what do the Republicans do...add more. As a conservative this liberal style is why I left the p...

What the U.S. Supreme Court ruling means for early voting
r.gov trying to slow down voters to stop the people from voting out the r. govener

Cleveland Orchestra heads home from Europe
So proud to be a lifetime Clevelander! Yes, our Orchestra is the best ambassador a city could hope for! My wife and I happened to hear the European Festival T...

Northeast Ohio undocumented immigrants praying for a miracle
Stop it, just stop it. They are not undocumented but illegal aliens. I live in a 'sanctuary' city and it's not pretty. Dahlberg is a notorious trouble maker in ...

Ohio survey shows low-income people are choosing phones over food
Where is this study published? no sign of it on google scholar. is there a cite

The Akron Sound rocks the porches
fabulous group interview! you covered so much in so little time. wish i could be there for porch rockr.

Head of Ohio Dems says Kasich administration is lying about Suarez contacts
when Kasich's mouth is open , he's lying. Look what he did at Lehmans brothers and then lied about it all during the campaign. If a GOP didn't lie, he or she ...

Canton's Basilica of St. John absorbs news of the pope at morning Mass
Hello Chris,Marina,and Patrice, I just read this article and you all look great. I'm on facebook Jean Dutcher in blue and white stripped blouse. I"M so glad to ...

Exploradio: Avoiding the 'acting-white' trap
Growing-up black and being black should not determine that you will not speak well or will not be a high achiever in your goals in life.But society te nds to la...

Charter-school supporters to rally at Statehouse
I am on the bus now headed to the rally. Horizon is an excellent school. My son is is 7 th grade. The teachers and administrators are top notch and spend so m...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University