Get the latest news in your inbox each day.

Rig Count | Capital Markets

Chesapeake Skips Interest Payment; Drilling Activity Update

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Friday,June 19,2020

Chesapeake Energy has opted to skip making its interest payment on bonds due 2021 and 2027. 

The company owes more than $250 million in interest payment this year, on its $9 billion on outstanding debt.   As of 1Q 2020, the company had $82 million in cash and a $1 billion in undrawn credit lines.  

The company continues to run a 3 rig program across the Haynesville and Eagle ford assets.

Chesapeake Drilling Activity - Rigs

More drilling/ rig activity

 

Completion Activity

more completion activity


US Frac Crews Tracking

ad

Related Categories :

Financial Trouble - Missed Payment   

More    Financial Trouble - Missed Payment News

Ark-La-Tex News >>>


Gulf Coast News >>>