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I spent a week riding my bike from Pittsburgh to Washington, DC. The road was rough at times, but the people I met made the journey worthwhile. AdvertisementWhen I set out to ride my bike from Pittsburgh to Washington, DC, I wasn't quite sure what to expect. "Bikepacking" — riding a bicycle carrying clothing, food, water, and camping gear and finding places to sleep outside along the journey — is not an easy endeavor. AdvertisementAbout halfway through my ride, I met a lovely woman who was born and raised in Meyersdale.
Persons: , Tara Lerman, Mason, he'd, Bikepacking, Little Orleans , Maryland Tara Lerman, bikepack, I've, I'm Organizations: Service, Facebook, GAP, Chesapeake and, Baltimore and Ohio Railroad, Lake Erie Railroad, Union Railroad, Western Maryland Railway —, Dixon, Mason Locations: Pittsburgh, Washington, DC, Chesapeake and Ohio, Baltimore, Monongahela, Allegheny, Pennsylvania, Alabama, Texas, Maryland, Little Orleans , Maryland, Frostburg , Maryland, Meyersdale , Pennsylvania, Meyersdale
A 3D printed oil barrels and oil pump jack are seen in front of displayed Chesapeake Energy logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 17 (Reuters) - U.S. natural gas producer Chesapeake Energy Corp (CHK.O) has approached Southwestern Energy (SWN.N), a peer valued by the stock market at $12 billion including debt, about a potential acquisition, people familiar with the matter said. Since then, Chesapeake has been shedding oil-producing assets to focus on its competence in natural gas. U.S. natural gas prices have been sluggish in recent months, as oversupply and warmer weather erode producers' profitability. Some analysts expect prices to go up in the next few months, as a pick-up in U.S. natural gas exports creates more domestic scarcity.
Persons: Dado Ruvic, Chesapeake's, David French, Greg Roumeliotis, David Gregorio Our Organizations: Chesapeake Energy, REUTERS, Chesapeake Energy Corp, Southwestern Energy, EQT Corp, Southwestern, Chesapeake, Exxon Mobil Corp, Natural Resources, Thomson Locations: U.S, New York, Chesapeake, Southwestern, Louisiana, West Virginia, Pennsylvania
Big gas producers including Chesapeake Energy Corp (CHK.O) and Comstock Resources Inc (CRK.N) are reducing their drilling. "About a third of U.S. gas production is associated gas - produced from oil wells," said Jacques Rousseau, a managing director at research firm ClearView Energy Partners LLC. Gas from the Permian also has climbed to record highs every month this year. PRODUCTION REMAINS STICKYU.S. gas production remains on track to hit 100.67 billion cubic feet per day (bcfd) this year, up from last year's record 98.09 bcfd, according to the U.S. government. Despite low gas prices, U.S. drillers have 160 rigs seeking gas up 16% from a year ago, according to data from Baker Hughes Co (BKR.O).
Oklahoma City-based Chesapeake has been trying to divest its entire South Texas operations to focus on natural gas-producing acreage in other parts of the United States. The deal it has clinched falls short of meeting the demands of activist investor Kimmeridge Energy Management, that is among the 15 largest Chesapeake shareholders, to exit South Texas entirely. Chesapeake is continuing with efforts to divest them, though it's unclear if it will do so until market conditions change, according to the sources. Chesapeake and WildFire did not respond to comment requests. Since then, it has built a position in the Eagle Ford producing upwards of 16,000 net barrels of oil equivalent per day, according to its website.
Rep. Donald McEachin, a Virginia Democrat recently elected to a fourth term in Congress, died Monday after nearly a decade with cancer. McEachin was diagnosed with colorectal cancer in 2013, his chief of staff, Tara Rountree, said in a statement Monday. “We are all devastated at the passing of our boss and friend, Congressman Donald McEachin,” Rountree said. “Valiantly, for years now, we have watched him fight and triumph over the secondary effects of his colorectal cancer from 2013. McEachin also earned a master of divinity degree from Virginia Union University, in 2008.
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