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The Water Cooler
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Chesapeake Energy preparing for bankruptcy
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<blockquote data-quote="Shadowrider" data-source="post: 3375844" data-attributes="member: 3099"><p>Oh I'm not saying you're wrong, I think you are actually pretty close.</p><p></p><p>I remember Aubrey McClendon complaining about how gas prices had historically always tracked with oil prices but somewhere changed. In the early 2000s (IIRC) they broke from each other. He stated he didn't know why that happened and there wasn't any real reason for it as he saw it. When CHK started up and being small they just drilled in Oklahoma and expanded into other states as they grew. Focusing on NG, this made sense as Oklahoma is a predominately NG state. Most oil wells here produce more gas than oil. It's not that way everywhere but in OK it is.</p><p></p><p>We also didn't have LNG to any real extent back then but now we can export it. That could help but other countries are also building or have built huge LNG terminals, Qatar being just one.</p><p></p><p>It'll be interesting to see if they can make it. I hope they can and with a little help from karma they have the ability.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 3375844, member: 3099"] Oh I'm not saying you're wrong, I think you are actually pretty close. I remember Aubrey McClendon complaining about how gas prices had historically always tracked with oil prices but somewhere changed. In the early 2000s (IIRC) they broke from each other. He stated he didn't know why that happened and there wasn't any real reason for it as he saw it. When CHK started up and being small they just drilled in Oklahoma and expanded into other states as they grew. Focusing on NG, this made sense as Oklahoma is a predominately NG state. Most oil wells here produce more gas than oil. It's not that way everywhere but in OK it is. We also didn't have LNG to any real extent back then but now we can export it. That could help but other countries are also building or have built huge LNG terminals, Qatar being just one. It'll be interesting to see if they can make it. I hope they can and with a little help from karma they have the ability. [/QUOTE]
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