From the comments it seems that poor African American communities in the Barnett Shale aren’t the only ones getting drilled by Chesapeake Energy.
The final paragraph does not paint a happy picture for CHK stockholders or for residents living near shale drilling. In the shale gas shell game, operators must continue to poke holes to keep their production numbers up on their shiny stockholder reports. The drilling has more to do with keeping their stock prices up than it does with delivering so-called “clean energy.” Does anyone ever wonder why they keep drilling when gas prices are so low they can’t possibly make a profit? It’s like a crack addiction: they can’t stop even if they try.
Sooner or later reality will catch up to CHK. You can’t continue to create debt based on revenue from shale gas when the break even price for that gas is way above current prices. Then CHK will declare bankruptcy leaving stockholders with nothing and Como residents with an environmental disaster.
UPDATE FROM THE COMMENTS: This apples to apples comparison shows just had deeply CHK shareholders are getting drilled.
XTO: 2005 = $26 / 2010 = $47
DVN: 2005 = $46 / 2010 =
CHK: 2005 = $22 / 2010 = $20 LOOSER