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Rig Count | Capital Markets

Chesapeake Skips Interest Payment; Drilling Activity Update

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   |    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

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