The City of Fort Worth is suing one of the companies it used to celebrate. In a lawsuit filed this week, Fort Worth claims Chesapeake Energy shorted the city millions of dollars in royalties from natural gas leases.
Fort Worth and several other individuals and cities have sued Oklahoma City-based Chesapeake Energy claiming the company underpaid natural gas royalties.
Bulldozers scraped down the last few inches of a gas well road Monday, a road residents believe was partly to blame for increased flooding in East Fort Worth.
The fireworks still went off. The parades wound through the streets. The money to pay for it all however, was not as easy to find for some cities this year.
Chesapeake Energy, one of the key companies which developed the Barnett Shale natural gas field in North Texas, is laying off about 70 local employees.
Four years after a celebrated move-in, Chesapeake Energy may be moving out of its 20 story tower in west Fort Worth.
Engineers are analyzing unpermitted gas well access roads in Fort Worth, to see if they could be contributing to extensive flooding to properties along the Trinity River.
It’s one of the biggest natural gas drillers in the Barnett Shale, it owns the former Pier 1 building downtown, and it’s taking a lot of heat recently for some of its financial dealings.
Oklahoma City-based Chesapeake Energy Corp. is being sued by a shareholder over the company’s corporate jet policy.
Gas producers in North Texas are now required to publicly disclose the chemicals they use in hydraulic fracturing, and the amount of water they use to do it.
One day after Chesapeake Energy announced to cut back on its drilling operations, independent contractors report job cuts have already began inside other companies that depend on the Barnett Shale.
Chesapeake Energy’s decision to scale back gas production and drilling on the Barnett Shale is expected to take a similar toll on city revenue in Fort Worth and on private citizens.