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American Energy Partners, LP
American Energy Partners, LP, also known as AELP, was an American natural gas and oil company founded in April 2013 by Aubrey K. McClendon. The company managed affiliates responsible for natural shale gas and oil production and exploration in the United States, as well as management of assets, minerals, royalties and non-operated properties. It was headquartered in Oklahoma City, Oklahoma, and employed over 450 people as of August 2015. AELP announced on May 18, 2016, two months after McClendon's death, that it would end operations and close by the end of summer 2016. History Oklahoma City businessman Aubrey K. McClendon founded American Energy Partners in April 2013 after leaving Chesapeake Energy Corporation, the company he co-founded and ran as CEO for 24 years. AELP began with a staff of 12 based in Oklahoma City. In its first year, it generated $1.7 billion in funding to develop and drill approximately 110,000 net acres of the Utica Shale formation in Ohio. McClendon re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Utica Shale
The Utica Shale is a stratigraphic unit of Upper Ordovician Geochronology, age in the Appalachian Basin. It underlies much of the northeastern United States and adjacent parts of Canada. It takes the name from the city of Utica, New York, as it was first described as an outcrop along the Starch Factory Creek east of the city by Ebenezer Emmons in 1842. Lithology The Utica Shale is composed of calcareous, organic, and rich shale. Oil and gas The Utica shale is a major source of Unconventional (oil & gas) reservoir, unconventional tight gas in Quebec, and is rapidly becoming so in Ohio. Quebec Drilling and producing from the Utica Shale began in 2006 in Quebec, focusing on an area south of the St. Lawrence River between Montreal and Quebec City. Interest has grown in the region since Denver-based Forest Oil Corp. announced a significant discovery there after testing two vertical wells. Forest Oil said its Quebec assets may hold as much as four trillion cubic feet of gas reserve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terrence Pegula
Terrence Michael Pegula (born March 27, 1951) is an American billionaire businessman and petroleum engineer. He is the owner of the Buffalo Sabres of the National Hockey League (NHL) and, with a consortium of private equity firms and athletes, the Buffalo Bills of the National Football League (NFL). He is also the president of both franchises. Amassing his fortune via investments in Hydraulic fracturing, fracking, Pegula has interests in natural gas development, real estate, entertainment, and professional sports. His net worth is over $7 billion. Early life Pegula was born in Carbondale, Pennsylvania. His father worked in truck driving and coal mining. His mother hails from Montreal, Quebec, Canada. He attended high school at Scranton Preparatory School. From there he attended college at Penn State University where he earned a Bachelor of Science degree in petroleum and natural gas engineering. Beginning in 1985, he was based in Allegany (village), New York, Allegany, New York. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marcellus Formation
The Marcellus Formation or the Marcellus Shale is a Middle Devonian age unit of sedimentary rock found in eastern North America. Named for a distinctive outcrop near the village of Marcellus, New York, it extends throughout much of the Appalachian Basin. The unit name usage by the U.S. Geological Survey (USGS) includes ''Marcellus Shale'' and ''Marcellus Formation''.See unit names marked by an asterisk aGeolex/ref> The term "Marcellus Shale" is the preferred name throughout most of the Appalachian region, although the term "Marcellus Formation" is also acceptable within the State of Pennsylvania. The unit was first described and named as the "Marcellus shales" by J. Hall in 1839. Description The Marcellus consists predominantly of black shale and a few limestone beds and concentrations of iron pyrite ( Fe S2) and siderite (Fe CO3). Like most shales, it tends to split easily along the bedding plane, a property known as fissility. Lighter colored shales in the uppe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shale Gas In The United States
Shale gas in the United States is an available source of Unconventional (oil & gas) reservoir, unconventional natural gas. Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of U.S. natural gas. Largely due to shale gas discoveries, estimated reserves of natural gas in the United States in 2008 were 35% higher than in 2006. In 2007, shale gas fields included the #2 (Barnett/Newark East) and #13 (Antrim) sources of natural gas in the United States in terms of gas volumes produced. The number of unconventional natural gas wells in the U.S. rose from 18,485 in 2004 to 25,145 in 2007 and is expected to continue increasing until about 2040. The economic success of shale gas in the United States and rapid growth in the amount produced after 2009 has led to rapid development of Shale gas#Canada, shale gas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Akron Beacon Journal
The ''Akron Beacon Journal'' is a morning newspaper in Akron, Ohio, United States. Owned by Gannett, it is the sole daily newspaper in Akron and is distributed throughout Northeast Ohio. The paper's coverage focuses on local news. The Beacon Journal has won four Pulitzer Prizes: in 1968, 1971, 1987 and 1994. History The paper was founded with the 1897 merger of the ''Summit Beacon,'' first published in 1839, and the ''Akron Evening Journal,'' founded in 1896. In 1903, the ''Beacon Journal'' was purchased by Charles Landon Knight. His son John S. Knight inherited the paper, in 1933, on Charles' death. The ''Beacon Journal'' under Knight was the original and flagship newspaper of Knight Newspaper Company, later called Knight Ridder. The McClatchy Company bought Knight Ridder in June 2006 with intentions of selling 12 Knight Ridder newspapers. On August 2, 2006, McClatchy sold the ''Beacon Journal'' to Black Press. In 2018, GateHouse Media bought the newspaper. On November 11 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ExxonMobil Corporation
Exxon Mobil Corporation ( ) is an American multinational oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the largest direct successor of John D. Rockefeller's Standard Oil, the modern company was formed in 1999 following the merger of Exxon and Mobil. It is vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. As the largest U.S.-based oil and gas company, ExxonMobil is the seventh-largest company by revenue in the U.S. and 13th-largest in the world. It is the largest investor-owned oil company in the world. Approximately 55.56% of the company's shares are held by institutions, the largest of which as of 2019 were The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%). The company has been widely criticized and sued, mostly for environmental incidents and its history of climate chan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hess Corporation
Hess Corporation (formerly Amerada Hess Corporation) is an American global independent energy company involved in the oil exploration, exploration and production of Petroleum, crude oil and natural gas. It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess was Chief executive officer, CEO from the early 1960s through 1995, after which his son John B. Hess, John B Hess succeeded him as chairman and CEO. The company agreed to be acquired by rival oil company Chevron in October 2023. Headquartered in New York City, the company ranked 394th in the 2016 annual ranking of Fortune 500 corporations. In 2020, the Forbes Global 2000, ''Forbes'' Global 2000 ranked Hess as the 1,253rd largest public company in the world. The company had exploration and production operations on-shore in the United States (North Dakota) and Libya; and off-shore in the United States (Gulf of Mexico), Canada, South America (Guyana and Suriname) and Southeast Asia (Malaysia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the List of newspapers in the United States, largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' Newspaper of record, newspapers of record. The first issue of the newspaper was published on July 8, 1889. The Editorial board at The Wall Street Journal, editorial page of the ''Journal'' is typically center-right in its positio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Oklahoman
''The Oklahoman'' is the largest daily newspaper in Oklahoma, United States, and is the only regional daily that covers the Oklahoma City metropolitan area, Greater Oklahoma City area. The Alliance for Audited Media (formerly Audit Bureau Circulation) lists it as the 59th largest U.S. newspaper in circulation. ''The Oklahoman'' has been published by Gannett (formerly known as GateHouse Media) owned by Fortress Investment Group and its investor Softbank since October 1, 2018. On November 11, 2019, GateHouse Media and Gannett announced GateHouse Media would be acquiring Gannett and taking the Gannett name. The acquisition of Gannett was finalized on November 19, 2019. Copies are sold for $2 daily or $4 Sundays/Thanksgiving Day; prices are higher outside Oklahoma County, Oklahoma, Oklahoma County and adjacent counties. Ownership The Daily Oklahoman newspaper was founded in 1894 by Samuel W. Small. Small eventually lost the paper and it was owned by a bank who leased the paper to C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes ''The Business Journals'', which contains local business news for 44 markets in the United States with each market's edition named for that market, and also publishes '' Hemmings Motor News'' and '' Inside Lacrosse''. The company is owned by Advance Publications and receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website, using the overarching online title ''The Business Journal'', contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. it receives over 3.6 million readers each week. History American City Business Journals, Inc. was founded in 1982 by Mike K. Russell with the launch of the ''K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financing
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources. Sources of funding include credit, venture capital, donations, grants, savings, subsidies, and taxes. Funding methods such as donations, subsidies, and grants that have no direct requirement for return of investment are described as "soft funding" or "crowdfunding". Funding that facilitates the exchange of equity ownership in a company for capital investment via an online funding portal per the Jumpstart Our Business Startups Act (alternately, the "JOBS Act of 2012") (U.S.) is known as equity crowdfunding. Funds can be allocated for either short-term or long-term purposes. Economics In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
