article thumbnail

Expand Energy: From Chesapeake’s Fall to America’s Top Natural Gas Producer

Rextag

gas basins, rising LNG demand and domestic consumption growth is well-aligned to support long-term gas price improvements and sustained company growth. 2012 Financial Scrutiny As gas prices dropped and debt mounted, Chesapeakes board began scrutinizing McClendons financial activities. He later became CEO of Mach Natural Resources.

article thumbnail

U.S. Fifth Circuit Clarifies “Substantial Nexus” Test for LHWCA

The Energy Law

207, 222 (2012). Chevron also moved for remittitur, but the district judge sustained but $527.54 Valladolid , the United States Supreme Court held that an injury “result[s] from” OCS extractive operations if it has a “substantial nexus” to those operations. The plaintiffs were awarded over $2.9 of the award.

article thumbnail

Winter's End, Economic Gain: Fuel Prices to Ease

Crude Oil Futures

However, a significant drop in oil prices below $60 per barrel would pose substantial revenue challenges for oil-producing nations, reminiscent of the 2012 downturn. This suggests fuel prices will remain at levels conducive to sustained global economic growth. Saudi Arabia, for example, is currently operating near its breakeven price.

Oil 40