Chesapeake

Chesapeake Cleared by Bankruptcy Court to Sell Midcontinent Assets

Chesapeake Cleared by Bankruptcy Court to Sell Midcontinent Assets

A court has authorized Chesapeake Energy Corp. to sell its Midcontinent assets and approved procedures to get the process started.  Under an order issued by the U.S. Bankruptcy Court for the Southern District of Texas, Chesapeake has until Oct. 22 to designate a stalking horse bidder that would set the bar for the value and…

October 12, 2020
Chesapeake Utilities Partners with CleanBay Renewables in Next Move to Bring RNG to Customers

Chesapeake Utilities Partners with CleanBay Renewables in Next Move to Bring RNG to Customers

Chesapeake Utilities Corp. (CPK), headquartered in Dover, Delaware with 240,000 customers from Florida, Ohio, Pennsylvania, and the Delmarva Peninsula across its subsidiaries, announced another partnership in the hopes of expanding renewable natural gas (RNG) options for its customers. This time, CPK is partnering with CleanBay Renewables Inc, an enviro-tech company focused on sustainable RNG production. …

July 13, 2020
Bioenergy, Chesapeake Utilities Readying RNG for Delaware Customers

Bioenergy, Chesapeake Utilities Readying RNG for Delaware Customers

Developer of facilities that create renewable energy and soil products, Bioenergy Devco (BDC) said Thursday it has an agreement with Chesapeake Utilities Corp. (CPK) to produce renewable natural gas (RNG) for its customers on Delaware’s Delmarva Peninsula.

June 4, 2020
Chesapeake’s $8.3B Loss Pointing Toward Possible Bankruptcy

Chesapeake’s $8.3B Loss Pointing Toward Possible Bankruptcy

Chesapeake Energy Corp., the trailblazing Lower 48 unconventional oil and natural gas producer, reported an astounding first quarter net loss of $8.3 billion, an earnings per share hit of $852.97 on Monday, and it acknowledged Chapter 11 is a distinct possibility.

May 11, 2020
More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

A potential deal on Thursday to end the oil price war between Russia and the Organization of the Petroleum Exporting Countries is likely not enough to stanch the fallout from Covid-19 in North America’s oil and natural gas industry, with one Lower 48 pioneer said to be on the cusp of declaring bankruptcy.

April 9, 2020
More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

A potential deal on Thursday to end the oil price war between Russia and the Organization of the Petroleum Exporting Countries is likely not enough to stanch the fallout from Covid-19 in North America’s oil and natural gas industry, with one Lower 48 pioneer said to be on the cusp of declaring bankruptcy.

April 9, 2020

Chesapeake Confirms Third Fatality from Well Control Incident in Central Texas

A third person died Saturday from injuries suffered last Wednesday at a Chesapeake Energy Corp. well site in Central Texas.

February 3, 2020

Chesapeake Confirms Third Fatality from Well Control Incident in Central Texas

A third person died Saturday from injuries suffered last Wednesday at a Chesapeake Energy Corp. well site in Central Texas.

February 3, 2020

Chesapeake Confirms Third Fatality from Well Control Incident in Central Texas

A third person died Saturday from injuries suffered last Wednesday at a Chesapeake Energy Corp. well site in Central Texas.

February 3, 2020

Chesapeake Energy Reports Progress on Debt Reduction

Chesapeake Energy Corp. said Wednesday it is making progress on debt reduction measures nearly three months after warning that low commodity prices could push the company into bankruptcy.

January 29, 2020
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