Comments on: McClendon: Chesapeake done with Sierra Club

By: Rob Abiera

Rob Abiera — Sat, 09 Jun 2012 15:55:45 +0000

There is only one way to put a stop to this sort of thing: the complete separation of state and economy, in the same manner and for the same reasons as the separation of church and state.

By: boomer

boomer — Sat, 09 Jun 2012 06:49:10 +0000

I remember that ugly campaign, with yes, NEWSOK full page ads, sponsored by the anti-coal coalition, whoever they were. They kept saying “dirty coal”. Sure, when you compare only the combustion of coal vs nat gas, it is easy to say how clean NG is. Now,when you look at the whole production chain, we are wondering just how clean is natural gas, when you consider the production water that must be disposed of, down hole, and the exclusions that waste drilling mud enjoy from the hazardous waster federal regs. Consider the emissions from the compressor engines, drilling engines, methane escaping during well completion, the miles of pipeline, the one day abandoned gas wells when inclination curves play out. I believe it was a mistake for chk to fund the sierra club campaign. Now, the sierra club is teaming up with other groups to go after fracking.

By: Yukon John

Yukon John — Sat, 09 Jun 2012 05:53:56 +0000

Beware of easy money! The secret to Aubrey’s success has been “drill baby drill”, with other people’s money. Well now what? CHK has drilled OK and TX to death. It’s difficult now to walk out our front door without seeing a pump or an abandoned pad. For what, a fancy campus, a few gifts to charities and a new arena. Money is fleeting, our legacy to our children is precious. Now that we’re learning of the financial consequences, I’m afraid the next revelation will be the ecological consequences.

Much like a ponzi scheme, CHK has to drill in order to maintain cashflow – new money in to pay creditors on the way out. Now he’s rumored to be courting the Chinese. You have to be kidding me! Are you ready OK for the “sickle and hammer” flapping in the OK wind on top of drilling rigs? I know THEY don’t care about groundwater contamination in OK.

Here’s a good shareholder question, has CHK ever had a bond repaid at maturity? And I would start asking the defenders who plead how charitable Aubrey has been, how they have benefited from his riches? Have you seen them around the floor at the CHK Center? Just asking…