Company: EOG Resources Inc

(Reuters) - Chesapeake Energy Corp <CHK.N>, under growing pressure from shareholders to improve corporate governance, reduced the compensation for its outside directors by 20 percent and eliminated their use of its aircraft for personal travel, the company said on Friday.

(Reuters) - Chesapeake Energy Corp <CHK.N>, under growing pressure from shareholders to improve corporate governance, reduced the compensation for its outside directors by 20 percent and eliminated their use of its aircraft for personal travel, the company said on Friday.

HOUSTON/NEW YORK (Reuters) - Just ahead of the Seaway oil pipeline restarting in reverse to clear a bottleneck of crude in the U.S. Midwest, Wall Street analysts have rarely been more divided over the outlook for one of the hottest oil market bets in years triggered by the glut.

(Reuters) - From water worries to well blowouts, the inherent risks of oil and gas extraction are often played down by those in the business. But another group of profit-seekers has every reason to keep a close eye on dangers for drillers: their insurers.

SAN ANTONIO, Texas (Reuters) - The Eagle Ford shale oil and natural gas field in south Texas could turn out to be the largest recoverable oil deposit ever found in the Lower 48 states, according to a study released on Wednesday.

To capitalize on the higher gas price, CNBC’s Jim Cramer says, oil and gas drilling companies are shifting away from natural gas and focusing more on oil. In turn, they are exploiting their reserves and increasing their outputs. The Lundberg Survey suggests the price of gas isn’t likely to fall anytime soon, so Cramer thinks these companies may enjoy increased profits for some time.

When faced with a difficult market environment, Jim Cramer likes to fall back on long-term themes that have been working. Read on for his top energy plays.