Two WSJ Notes: US Approves Natural Gas Export Facility; Chesapeake to Spin Off Oilfield Services

From print edition, no links.

First:

Cheniere Energy received federal approval yesterday to construct what would be the first major natural gas export facility in the lower 48 US states, putting the company a step closer to shipping some of America's newly abundant natural gas abroad.

Second (some numbers rounded):

Chesapeake hopes to raise nearly $1 billion in an initial public offering of stock in its Chesapeake Oilfield Services. According to the story, CHK is the second largest natural-gas producer in the US (XOM must be first?) and spent about $13 billion last year to drill 1,662 wells (almost $8 million/well).