Scott Hanold News
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Natural gas, the worst-performing and most volatile commodity of the past decade amid a glut in supply, is replacing gold as a haven for commodity investors as the metal slumps.
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SandRidge Energy Inc., the energy producer that added four board members under pressure from TPG- Axon Capital Management LP, said its first-quarter loss widened as it sold assets.
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Chesapeake Energy Corp. exonerated co-founder and outgoing Chief Executive Officer Aubrey McClendon for privately borrowing hundreds of millions of dollars from some of the company’s biggest financiers.
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Chesapeake Energy Corp., the second- biggest natural-gas producer in the U.S., accelerated an industry effort to cut back drilling to try to stop a price decline that saw gas slide to a 10-year low last week.
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Anadarko Petroleum Corp. climbed the most in eight months after announcing a U.S. Gulf of Mexico oil discovery that may produce more than half a billion barrels of crude.
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Bullish Anadarko Petroleum Corp. options trading reached the highest level in almost two years, reflecting speculation that a rally which lifted the stock 21 percent since June is only half over.
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Apache Corp., the fourth-largest U.S. independent oil and natural gas producer by market value, is weighing a sale of its deep-water assets in the Gulf of Mexico, according to a person familiar with the matter.
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Southwestern Energy Co., the biggest natural-gas producer in Arkansas’ Fayetteville Shale, fell the most in more than three months after results from a new oil project didn’t meet some expectations.
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China Petrochemical Corp., the second-largest Chinese oil company, agreed to buy a one-third stake in five Devon Energy Corp. exploratory oil projects in the U.S. for $900 million to expand holdings of reserves trapped in shale.
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Cobalt International Energy Inc., a deep-water oil explorer whose biggest investors include Goldman Sachs Group Inc., climbed to a record after test results at a discovery off the coast of Angola exceeded the company’s expectations.
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