Natural Gas Exploration

Home>Topics>Natural Gas Exploration
Refine Results
  1. All
  2. Online Articles
  3. Magazine Articles
  4. Videos
  1. Oil and Gas News: Duke University files $9.9 million claim on McClendon estate

        OKLAHOMA CITY (AP) — Duke University has filed a $9.9 million claim against the estate of former Chesapeake Energy Corp. CEO Aubrey McClendon for pledges the Duke alumnus made that the university says were unpaid at the time of his death in a fiery highway crash. The claim, which the Durham, North-Carolina-based school filed Aug. 12 in Oklahoma County District Court, is among several totaling hundreds of millions of dollars that seek part of the estate. McClendon was one of the founders of the Oklahoma City-based petroleum and natural gas exploration and production company and part owner of the NBA's Oklahoma City Thunder. McClendon, 56, was killed March 2 when his SUV smashed head-on into a bridge wall at nearly 80 mph a day after McClendon was indicted by a federal grand jury for alleged bid rigging. Duke's claim is for "multiple charitable pledges" it says the energy magnate made to the school prior to his death for a variety of programs and projects including work-study scholarships, the football program, an auditorium and a student plaza. The total pledge amount was $18.75 million, of which about $9.9 million remains unpaid, according to the claim. Mike Schoenfeld, Duke's vice president of public affairs and government relations, said in an emailed statement Thursday that the claim was a "routine transaction" and was submitted after the university received a notice from McClendon's estate to submit a claim for the unpaid portion of earlier pledges. McClendon graduated from Duke University in 1981 with a degree in history. "It is common for the executors of large and complex estates to solicit claims from charitable organizations with pledges that were not fulfilled at the time of the donor's passing," the statement said. "Aubrey McClendon was one of Duke's most passionate and generous alumni," it said. "He, his wife Katie and their three children, who all graduated from Duke, have given or pledged more than $20 million for many worthy causes at the university, from scholarships and athletics to student centers and the spectacular pipe organ in the Duke Chapel. We will always be thankful for their generosity." Several banks and lenders have also filed claims against McClendon's estate including one filed in June by the Wilmington Trust for $464 million for a loan issued in November 2014 after McClendon had left Chesapeake and formed a new energy company, American Energy Partners, another Oklahoma City oil and natural gas company. That company has since closed. McClendon, the former chairman of Chesapeake's board of directors, stepped down as its CEO in 2013 over differences with the company's new board of directors. Creditors have until Sept. 16 to file a claim against the estate, according to a notice filed last month by the estate's executor, Oklahoma City attorney Tom J. Blalock. A phone message left Thursday with Blalock's office wasn't immediately returned. The Oklahoma medical examiner's office has ruled that the crash in which McClendon died was an accident, despite speculation that it could have been suicide. Investigators said there was not enough evidence to prove that the crash was intentional.  

    Online Articles

    Online Articles

    Fri, 26 Aug 2016

  2. Chevron taps Halliburton for shale natural gas exploration in Poland

    US super-major Chevron has awarded oilfield services firm Halliburton the contract for integrated services for shale natural gas exploration in Poland.

    Online Articles

    Online Articles

    Wed, 13 Jul 2011

  3. Trinidad, Venezuela sign deal for natural gas exploration

    Venezuela President Nicolas Maduro signed a deal Tuesday with Trinidad & Tobago for joint exploration of natural gas in waters between both nations. 

    Online Articles

    Online Articles

    Wed, 25 Feb 2015

  4. Petrobras offers minor producing fields to investors

    Petrobras has initiated the process of transfer of rights of oil and natural gas exploration , development, and production in various shallow-water fields in the states of Ceará and Sergipe.

    Online Articles

    Online Articles

    Thu, 7 Jul 2016

  1. Shell leads offshore natural gas exploration project in New Zealand

    Online Articles

    Online Articles

    Wed, 8 Jan 2014

  2. Shell leads natural gas exploration project offshore New Zealand

    Royal Dutch Shell is leading an exploration project to look for natural gas off the southeast coast of New Zealand, reports Reuters.

    Online Articles

    Online Articles

    Thu, 9 Jan 2014

  3. 21 Million acres offered for oil and natural gas exploration in western GoM

    The August 28th sale will include all unleased OCS areas offshore Texas.

    Online Articles

    Online Articles

    Wed, 28 Aug 2013

  4. Oil and Gas News: Texas Supreme Court tax ruling likely saves state billions

    The Texas Supreme Court rejected an energy company's request for a sales tax refund on Friday, a seemingly small and esoteric decision that nonetheless saved the state from potentially having to underwrite billions of dollars in similar rebates.

    Online Articles

    Online Articles

    Fri, 17 Jun 2016

  5. API and ANGA to combine into single energy trade association

    Following approval of both boards of directors, the American Petroleum Institute and America's Natural Gas Alliance are combining into a single trade association, effective Jan. 1, 2016. The combined association will continue ANGA's mission under API.

    Online Articles

    Online Articles

    Wed, 18 Nov 2015

  6. LOTOS Petrobaltic starts oil production from B8 oil field offshore Poland in the Baltic Sea

    LOTOS Petrobaltic has produced first oil from its B8 field in the Polish sector of the Baltic Sea.

    Online Articles

    Online Articles

    Thu, 5 Nov 2015

  7. Gazprom and Wintershall sign basic agreement on asset swap

    Gazprom will receive a 50 per cent stake in WINZ, which runs natural gas exploration and production projects in the North Sea.

    Online Articles

    Online Articles

    Wed, 14 Nov 2012

  8. Report: Fracking regulations could cost billions

    New regulations proposed by the U.S. Bureau of Land Management for unconventional natural gas exploration could cost the country billions of dollars each year.

    Online Articles

    Online Articles

    Wed, 13 Jun 2012

Get More Results