• 2 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 4 hours Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 6 hours Syrian Rebels Relinquish Control Of Major Gas Field
  • 7 hours Schlumberger Warns Of Moderating Investment In North America
  • 8 hours Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 9 hours Energy Regulators Look To Guard Grid From Cyberattacks
  • 11 hours Mexico Says OPEC Has Not Approached It For Deal Extension
  • 12 hours New Video Game Targets Oil Infrastructure
  • 14 hours Shell Restarts Bonny Light Exports
  • 15 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 21 hours Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 1 day British Utility Companies Brace For Major Reforms
  • 1 day Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 1 day Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 1 day Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 1 day OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 1 day London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 2 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 2 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 3 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 3 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 3 days China To Take 5% Of Rosneft’s Output In New Deal
  • 3 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 3 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 3 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 4 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 4 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 4 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 4 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO
Alt Text

The U.S. LNG Boom Could Be About To Stall

United States LNG has seen…

Alt Text

2 Red Flags For The World’s Top Shale Play

Changing legislation and taxation for…

Energy Digital

Energy Digital

Energy Digital is a leading digital media source of news and content for C-level executives focused on business and all aspects of managing the environment.…

More Info

Chesapeake Energy to Invest $1 Billion in Natural Gas Cars

Chesapeake Energy to Invest $1 Billion in Natural Gas Cars

Natural gas is gaining ground as oil prices still linger around $100 a barrel; however, there are limited vehicles on the road that can run off of natural gas, and fueling infrastructure is certainly lacking.  That is changing as countries like the U.S. diversify their transportation sectors to offer alternative fuel options, such as biofuels, hydrogen, electric and natural gas.  Chesapeake Energy—the second largest producer of natural gas in the United States—is looking to fast-track development of natural gas vehicle fueling infrastructure, and is willing to invest $1 billion over the next 10 years to do so.

Switching from gasoline to natural gas, the company says, will lower energy costs to consumers, enhance national security, stimulate economic growth, create hundreds of thousands of jobs, improve the environment, and “help break OPEC's 38-year stranglehold on the U.S. economy.”

"We have analyzed the U.S. transportation sector during the past four years to determine how to create the best pathway to move our country away from dependence on OPEC oil and the resulting yearly transfer of more than $400 billion of American wealth to foreign countries, many of them often unfriendly to U.S. interests,” said Aubrey K. McClendon, Chesapeake's Chief Executive Officer.

“As a result of our analysis, Chesapeake has developed a three-pronged plan to move America toward greater energy independence and enhanced national security during the next 10 years.”

Chesapeake plans to increase onshore production, currently at around eight million barrels a day, by three to four million using horizontal drilling and hydraulic fracturing techniques.  The company plans to invest in both compressed natural gas and liquefied natural gas fueling stations to give carmakers more incentive to develop natural gas vehicles of all sizes, makes and models.  Chesapeake claims that once their plan goes into effect, natural gas fueling could be $1.50 to $2.00 per gallon cheaper than gasoline and diesel.

The company also plans to deploy a gas-to-liquids process that will convert natural gas into a room temperature fuel that can be blended with existing gasoline supplies to meet the demand of drivers who do not yet own a natural gas vehicle.

By. John Shimkus of Energy Digital




Back to homepage


Leave a comment
  • Anonymous on July 15 2011 said:
    Natural gas has much to recommend it as fuel for vehicles powered by Otto-cycle engines (which is true for most of us). It has good antiknock properties, is clean-burning, and at this time offers more energy per dollar than gasoline. Hydrogen has a cache among intellectuals. The most important advantage of hydrogen as I see it, is that fuel cells can use it more easily than anything else. Unfortunately the only practical source of hydrogen right now is from natural gas. So before we spend huge sums of money to develop a hydrogen infrastructure, we need to ask: What is more efficient in terms of "well to wheels" utilization of natural gas? Should we use NG "as is" in vehicles like what we now have, or process it into hydrogen for fuel cell powered vehicles?

Leave a comment




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