Chesapeake

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.

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.

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.

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.

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.

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.

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).

Crestwood Equity Partners LP has taken full ownership of the Jackalope Gas Gathering System and Bucking Horse Processing Plant in Converse County, WY, after acquiring the other half stake from Williams for $485 million in cash.

A Pennsylvania appellate court handed the state attorney general’s (AG) office a victory last week, finding that it may move ahead with a wide-ranging lawsuit against Chesapeake Energy Corp. and Anadarko Petroleum Corp. for deceptive business practices.