Chesapeake

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

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

Chesapeake Facing Potential Delisting by NYSE

Chesapeake Energy Corp. last week was notified by the New York Stock Exchange (NYSE) that it was not in compliance with continued listing standards and it gave the company the standard six months to remedy the matter before its shares are pulled from the market.

December 16, 2019

Chesapeake Takes Action to Fight Debt Load

Chesapeake Energy Corp. on Wednesday announced a series of financial measures aimed at better managing the debt on its books and keeping the company afloat a month after it warned of a possible bankruptcy.

December 4, 2019

Chesapeake Convinces Federal Court to Toss Ohio Class Action Lawsuit

A Chesapeake Energy Corp. subsidiary has for now fended off a class action lawsuit brought by landowners in Ohio that alleged that the company underpaid royalties.

October 1, 2019

Exco Bid to Flare Eagle Ford Natural Gas OK’d by Texas Regulators

The Railroad Commission of Texas (RRC) on a 2-1 vote has granted Exco Operating Co. LP its exemption request to flare natural gas in an Eagle Ford Shale field over the objections of pipeline giant Williams.

August 7, 2019

Chesapeake Curbing Haynesville Ops in Favor of Oilier Assets

Chesapeake Energy Corp. said Tuesday it would further slash spending on its natural gas assets next year and redirect that capital toward plays in Texas and Wyoming, which are expected to drive double-digit growth in the company’s oil production.

August 6, 2019

Former WildHorse Execs Secure $1B to Launch New E&P

Former WildHorse Resource Development Corp. executives have landed more than $1 billion in private equity financing to form a new company that would acquire underdeveloped oil and natural gas assets across the Lower 48.

July 19, 2019
Callahan Intrastate Pipeline to Expand Natural Gas Service to Northeast Florida

Callahan Intrastate Pipeline to Expand Natural Gas Service to Northeast Florida

Chesapeake Utilities Corp. affiliate Peninsula Pipeline Co. and SeaCoast Gas Transmission affiliate TECO Peoples Gas (PGS) plan to jointly develop a pipeline to bring additional natural gas capacity to the Jacksonville area of northeastern Florida, the companies said Wednesday.

May 23, 2019

Chesapeake Cuts Rig Count on Gassier Assets as Oil Push Continues

As it continues to transform into an oil-focused producer, Chesapeake Energy Corp. plans to run only three rigs on its natural gas assets in the second half of the year, following gains during the first quarter on newly acquired Eagle Ford Shale properties and record-setting results in the Powder River Basin (PRB).

May 8, 2019