RENO, Texas — The first time the earth shook their home, David and Meredith Hull thought it was a propane tank exploding outside, an odd but rare phenomenon, USA Today reports. Then it happened again. And again and again — more than 30 earthquakes since early November. One tremor tossed David Hull against the refrigerator and Meredith atop the stove. "It felt like something was under the house literally lifting it up and slamming it back down on its foundation," said David Hull, 60, a retired sheriff's deputy. "The whole house was shaking."
Former Chesapeake Energy Corp. CEO Aubrey McClendon is leading an investor group set to buy Enduring Resources LLC in a deal that could value the oil and natural gas producer at more than $2 billion, people familiar with the matter said on Friday, Reuters reported. McClendon, who was a major figure in the U.S. energy industry before being ousted from Chesapeake last year in the aftermath of a governance scandal and liquidity crisis, remains a prominent shale dealmaker who has amassed wells and leaseholds in the Utica. Denver, Colorado-headquartered Enduring Resources is partly owned by buyout firm EnCap Investments LP and has oil and gas producing operations in Utah and West Texas. The company has been working alongside Jefferies on its sale, the people said.
The head of Devon Energy Corp.’s Canadian division is stepping down as the operation heads into its next phase following the sale of its conventional oil and gas assets in February, the Toronto Globe and Mail reports. Chris Seasons, who has been president of Devon Canada for the past decade, said he will leave the Oklahoma City-based company at the end of June. He will be replaced by Rob Dutton, who is now vice-president of capital projects.