Operator · Barnett Shale, Cleveland & Granite Wash
Chesapeake Energy Corp
80 articles mentioning Chesapeake Energy Corp · Page 2 of 4
Chesapeake Energy Second Quarter 2021 Results
Chesapeake Energy Corp. reported 2021 second quarter results. Highlights include: Net cash provided by operating activities of $394 million, resulting in unrestricted cash balance of $612 million Net loss totaled $439 million, or $4.48 per diluted...
Chesapeake Energy First Quarter 2021 Results
Chesapeake Energy Corp. reported its Q1 2021 results. Highlights include: Successor net income totaled $295 million, or $2.75 per diluted share Generated adjusted EBITDAX (a non-GAAP measure) of $510 million for the combined 2021 Successor and...
Chesapeake CEO Doug Lawler Departs Company; Chairman Takes Helm
Chesapeake Energy Corp. announced the departure of Doug Lawler from his position as Chief Executive Officer of Chesapeake, effective April 30, 2021. No further details regarding Lawler's departure were disclosed. Mike Wichterich, the Chair of Chesapeake's...
Chesapeake, Project Canary Partner for RSG Project in the Marcellus, Haynesville
Project Canary and Chesapeake Energy Corp. launched a pilot partnership to produce certified responsibly sourced natural gas (RSG) at select well pads in the Marcellus and Haynesville shales. Chesapeake Energy will produce RSG using Project Canary's...
Chesapeake IDs 2021 Budget; Focuses on Appalachia, Ark-La-Tex Assets
In its most recent investor presentation, Chesapeake Energy detailed its 2021 capital plan. 2021 Plan - Total 2021 Capex: $700-750 million - Development Capex: $650 million Appalachia: $300 million Gulf Coast / Ark-La-Tex: $260 million South...
Report: Chesapeake Poised to Emerge from Bankruptcy
Chesapeake Energy Corp. is poised to emerge from bankruptcy after a lengthy trial period, according to a report by Reuters. Per the report, the company's bankruptcy plan was approved by a U.S. court judge on Friday...
Chesapeake Gets Court Approval for MidContinent Asset Sale
Bankrupt Chesapeake Energy Corp. has gotten approval from the bankruptcy courts to pursue the sale of its Midcontinent assets, according to multiple reports. In recent years, the company has curtailed spending in the region in favor...
Chesapeake Energy Talks 2nd Half 2020 Drilling & Completion Plan
Chesapeake provided an update on remainder of its 2020 development program. The company plans to...
Chesapeake Energy Files Chapter 11 Bankruptcy
Chesapeake Energy Corp. has voluntarily filed for Chapter 11 protection in the U.S. The plan will call for the elimination of $7 billion in debt. As part the RSA, the company has secured $925 million in...
Chesapeake Skips Interest Payment; Drilling Activity Update
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...
Ex-Chesapeake Exec Heads to Laredo Petroleum
Laredo Petroleum, Inc. has reported a management change as well as a G&A update. CFO Departs The company has named Bryan Lemmerman as Senior Vice President and Chief Financial Officer, effective June 30, 2020. Michael Beyer...
Chesapeake Withdraws 2020 Outlook; Hints at Potential Bankruptcy
In its latest SEC filing, Chesapeake Energy Corp. has announced that it has withdrawn its 2020 guidance as well as hinted at a potential bankruptcy filing. The company has withdrawn its 2020 guidance plans, which had...
Corporate Greed: Chesapeake to Dole Out $25MM to Top Executives
Chesapeake Energy said its converting 21 of its officers variable compensation to a $25 million cash retention program. This is according to a late friday evening 8k filing. "The Board and Compensation Committee, with the advice...
Several Companies Cut Workforce in Oklahoma as Activity Plummets
Several operators active in Oklahoma have cut their workforces based in the region as market instability brings MidCon activity to historic lows, according to letters filed with the Oklahoma Office of Workforce Development and multiple media...
Chesapeake Taps Debt Restructuring Advisors as Pressure Mounts
With the downturn in commodity prices adding further financial pressure, Chesapeake Energy Corp. has tapped advisors that specialize in debt restructuring, according to a report by Reuters. The company has hired Kirkland & Ellis LLP and...
Chesapeake Mulls Potential Reverse Stock Split; Shareholders to Vote
In its latest SEC filing, Chesapeake Energy Corp. announced that it is looking at possibly launching a reverse stock split in an effort to boost the company's value. In the filing, the company stated: "Approval of...
Chesapeake Outlines 2020 Dev Plan; Rigs & Completions
Chesapeake Energy Corp. reported financial and operational results for the 2019 full year and fourth quarter and released its annual guidance. 2020 Plans Chesapeake is spending 35% less YOY in 2020. The plays seeing the biggest...
Haynesville Update: Production, Rigs, Top Operators; Frac Designs
This week, we are taking a look at the latest production and well completion activity in the Haynesville from the past three years (2017-2019). Additionally we will take a close look at the activity the play...
Chesapeake Prelim Q4: No Haynesville Update; Touts Improved Eagle Ford Oil Rates, Costs
Chesapeake Energy Corp. reported preliminary 2019 fourth quarter production results and operational achievements. The company neglected to report anything about its Haynesville asset, so it is likely Chesapeake is in the midst of selling the asset....
Several E&P's Talk Oilfield Water Management Strategies
The oilfield water market is heating up and E&P companies are actively talking / thinking about different strategies. The main question being asked is whether to take the cash now (from a sale) and risk higher...