Chesapeake

Williams Given Approval to Resolve Chesapeake Midstream Contracts

Williams Given Approval to Resolve Chesapeake Midstream Contracts

Natural gas pipeline giant Williams has received a past-due payment of $112 million from Chesapeake Energy Corp. after a court approved a resolution between the two companies last month as part of the producer’s bankruptcy proceedings. The Tulsa-based pipeliner reached a global resolution in November to continue treating and moving Chesapeake’s natural gas in the…

December 18, 2020
Tapstone Energy Wins Chesapeake’s Midcontinent Assets in Bankruptcy Auction

Tapstone Energy Wins Chesapeake’s Midcontinent Assets in Bankruptcy Auction

Chesapeake Energy Corp. has sold its massive Oklahoma asset position to Tapstone Energy LLC for $130.5 million.  Both Oklahoma City producers reached a deal after Tapstone successfully bid for the assets during a bankruptcy auction last week. Tapstone had been selected as the stalking horse bidder last month, when the U.S. Bankruptcy Court for the…

November 19, 2020
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
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