• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 4 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 10 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 23 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 22 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 9 hours Saudi Fund Wants to Take Tesla Private?
  • 19 hours Starvation, horror in Venezuela
  • 9 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 10 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 2 hours Venezuela set to raise gasoline prices to international levels.
  • 1 day France Will Close All Coal Fired Power Stations By 2021
  • 24 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 2 hours Corporations Are Buying More Renewables Than Ever
  • 18 hours WTI @ 69.33 headed for $70s - $80s end of August
Alt Text

Goldman: Trade War Won't Crash Oil Prices

In spite of the impact…

Alt Text

Why The U.S. Won’t Sanction Venezuela’s Oil

Rumors of the U.S. government…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

Aubrey McClendon’s Legacy

There is, of course, a terrible tragedy in the death of Aubrey McClendon on Wednesday, but there also is something larger. Inside the life and business that McClendon built is the ultimate personification of the U.S. shale oil and gas boom and current bust. In retelling some of the highlights of McClendon’s career we see not only the great American spirit of entrepreneurship and progress, but also the enormous excesses and lawless behavior that has characterized independent U.S. oil and gas in the last decade and a half that has contributed to the current decimation we’re seeing today.

Aubrey was a pioneer in harnessing the fracking technology invented by George Mitchell and building Chesapeake Energy (CHK) from the ground up with partner Tom Ward (later of Sandridge Energy (SD), and first tasted the power of the capital markets with the public offering of Chesapeake shares in 1993.

McClendon was fast in harnessing the leverage that was becoming more plentiful towards start-up energy companies to continue to buy up acreage and grow Chesapeake at a reckless and alarming rate – but with natural gas prices soaring in the late 1990’s and early 2000’s, it seemed to be only smart to continue to increase production (and Chesapeake share price) as rapidly as the capital markets would allow it. But McClendon was not satisfied to merely grow the company through leverage – he was the true personification of the cowboy wildcatter, taking…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News