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Chesapeake Energy
Expand Energy Corporation, headquartered in Oklahoma City, is the largest independent natural gas producer in the U.S. based on net daily production. The company operates in the Appalachian Basin of the Marcellus Formation in Pennsylvania and West Virginia, as well as the Haynesville Shale in Northwestern Louisiana. In 2024, the company produced 3,758 MMcfe of natural gas per day. In 2024, 41% of production was from the Haynesville Shale, 48% of production was from Northeast Appalachia, and 11% of production was from Southwest Appalachia. As of December 31, 2024, the company had 20,800 Bcf of proved reserves. It also had interests in 8,000 gross productive wells. History The company was founded in 1989 as Chesapeake Energy by Aubrey McClendon and Tom L. Ward with an initial investment of $50,000. McClendon named the company after Chesapeake Bay due to his love of the region. Ward left the company in 2006 to establish SandRidge Energy. In 1993, the company became a pub ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Haynesville Shale
The Haynesville Shale is an informal, popular name for a Jurassic Period rock formation that underlies large parts of southwestern Arkansas, northwest Louisiana, and East Texas. It lies at depths of 10,500 to 13,000 feet below the land’s surface.Anderson, E. G. (1979''Basic Mesozoic Study in Louisiana, the North Coastal Region, and the Gulf Basin''. Folio Series no. 3. Louisiana Geological Survey, Baton Rouge, Louisiana. 58 sheets.Eversull, L.G. (1984''Regional Cross Sections, North Louisiana''. Folio Series no. 7. Louisiana Geological Survey, Baton Rouge, Louisiana. 10 sheets. It is part of a large rock formation which is known by geologists as the Haynesville Formation. The Haynesville Shale underlies an area of about 9,000 square miles and averages about 200 to 300 feet thick. The Haynesville Shale is overlain by sandstone of the Cotton Valley Group and underlain by limestone of the Smackover Formation.Ground Water Protection Council and ALL Consulting (2009''Modern Shale Gas ...
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Barnett Shale
The Barnett Shale is a geological formation located in the Bend Arch-Fort Worth Basin. It consists of sedimentary rocks dating from the Mississippian period (354–323 million years ago) in Texas. The formation underlies the city of Fort Worth and underlies 5,000 mi2 (13,000 km2) and at least 17 counties. As of 2007, some experts suggested that the Barnett Shale might have the largest producible reserves of any onshore natural gas field in the United States.Barnett Shale Economic Impact Study
May 2007, p. 16.
The field is thought to have of recoverable natural gas, and of natural gas in place. Oil also has been found in lesser quantities, but sufficient (with high oil prices) to be commercially viable. ...
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Shale
Shale is a fine-grained, clastic sedimentary rock formed from mud that is a mix of flakes of Clay mineral, clay minerals (hydrous aluminium phyllosilicates, e.g., Kaolinite, kaolin, aluminium, Al2Silicon, Si2Oxygen, O5(hydroxide, OH)4) and tiny fragments (silt-sized particles) of other minerals, especially quartz and calcite.Blatt, Harvey and Robert J. Tracy (1996) ''Petrology: Igneous, Sedimentary and Metamorphic'', 2nd ed., Freeman, pp. 281–292 Shale is characterized by its tendency to split into thin layers (Lamination (geology), laminae) less than one centimeter in thickness. This property is called ''Fissility (geology), fissility''. Shale is the most common sedimentary rock. The term ''shale'' is sometimes applied more broadly, as essentially a synonym for mudrock, rather than in the narrower sense of clay-rich fissile mudrock. Texture Shale typically exhibits varying degrees of fissility. Because of the parallel orientation of clay mineral flakes in shale, it breaks in ...
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Sandstone
Sandstone is a Clastic rock#Sedimentary clastic rocks, clastic sedimentary rock composed mainly of grain size, sand-sized (0.0625 to 2 mm) silicate mineral, silicate grains, Cementation (geology), cemented together by another mineral. Sandstones comprise about 20–25% of all sedimentary rocks. Most sandstone is composed of quartz or feldspar, because they are the most resistant minerals to the weathering processes at the Earth's surface. Like uncemented sand, sandstone may be imparted any color by impurities within the minerals, but the most common colors are tan, brown, yellow, red, grey, pink, white, and black. Because sandstone beds can form highly visible cliffs and other topography, topographic features, certain colors of sandstone have become strongly identified with certain regions, such as the red rock deserts of Arches National Park and other areas of the Southwestern United States, American Southwest. Rock formations composed of sandstone usually allow the p ...
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Carbonates
A carbonate is a salt of carbonic acid, (), characterized by the presence of the carbonate ion, a polyatomic ion with the formula . The word "carbonate" may also refer to a carbonate ester, an organic compound containing the carbonate group . The term is also used as a verb, to describe carbonation: the process of raising the concentrations of carbonate and bicarbonate ions in water to produce carbonated water and other carbonated beverageseither by the addition of carbon dioxide gas under pressure or by dissolving carbonate or bicarbonate salts into the water. In geology and mineralogy, the term "carbonate" can refer both to carbonate minerals and carbonate rock (which is made of chiefly carbonate minerals), and both are dominated by the carbonate ion, . Carbonate minerals are extremely varied and ubiquitous in chemically precipitated sedimentary rock. The most common are calcite or calcium carbonate, , the chief constituent of limestone (as well as the main component of mo ...
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Moody's Corporation
Moody's Corporation is an American business and financial services company. It is the holding company for Moody's Ratings (previously known as Moody's Investors Service), an American credit rating agency, and Moody's (previously known as Moody's Analytics), an American provider of financial analysis software and services. Moody's was founded by John Moody in 1909 to produce manuals of statistics related to stocks and bonds and bond ratings. Moody's was acquired by Dun & Bradstreet in 1962. In 2000, Dun & Bradstreet spun off Moody's Corporation as a separate company that was listed on the NYSE under MCO. In 2007, Moody's Corporation was split into two operating divisions, Moody's Investors Service, the rating agency, and Moody's Analytics, with all of its other products. It was included in the ''Fortune'' 500 list for the first time in 2021. History of Moody's Moody's Corporation traces its history back to two publishing companies established by John Moody, the inventor of ...
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Oil & Gas Journal
The ''Oil & Gas Journal'' is a leading petroleum industry weekly publication with a worldwide coverage. It is headquartered in Tulsa, Oklahoma, United States and the journal has a major presence in Houston, Texas, United States. The journal is published by Endeavor Business Media. Its publisher is Paul Westervelt, and editor is Bob Tippee. The first issue was published in 1902. Its online information services started in 1994. LexisNexis database describes the ''Oil & Gas Journal'' as an authoritative source on the petroleum industry aimed at engineers, oil management and executives throughout the oil and gas industry. The weekly publishes news, analysis, statistics, and technology updates on exploration, drilling, production, pipeline, transportation, refining, processing and marketing. It is a subscription trade publication. The ''Oil & Gas Journal'' has about 20,000 subscribers for the printed issue and 80,000 for digital subscriptions. The ''Oil & Gas Journal'' bega ...
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Rolling Stone
''Rolling Stone'' is an American monthly magazine that focuses on music, politics, and popular culture. It was founded in San Francisco, California, in 1967 by Jann Wenner and the music critic Ralph J. Gleason. The magazine was first known for its coverage of rock music and political reporting by Hunter S. Thompson. In the 1990s, the magazine broadened and shifted its focus to a younger readership interested in youth-oriented television shows, film actors, and popular music. It has since returned to its traditional mix of content, including music, entertainment, and politics. The first magazine was released in 1967 and featured John Lennon on the cover, and was then published every two weeks. It is known for provocative photography and its cover photos, featuring musicians, politicians, athletes, and actors. In addition to its print version in the United States, it publishes content through Rollingstone.com and numerous international editions. The magazine experienced a rapid ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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