US shale company Chesapeake sees more natural gas in its mix
May 12, 2021 3:32:pm
Summary Once a lead shale company, the company has struggled to retool after emerging from bankruptcy protection in January.
by: Daniel Graeber
Posted in:
US shale company Chesapeake sees more natural gas in its mix
US producer Chesapeake Energy said May 11 its production levels would remain neutral through 2022, but sees natural gas as an expanding part of its portfolio.
Chesapeake filed for Chapter 11 protection in June, becoming the largest US shale oil and gas producer to seek bankruptcy protection in recent years. Under a court-approved plan, $7.8bn of debt has been equitised. The company expects to generate over $2bn of free cash flow over the next five years.
Chesapeake Energy seeking to unload Eagle Ford acreage: press
US shale company Chesapeake Energy is looking to offload its acreage in the Eagle Ford basin in Texas for as much as $2bn, the
Bloomberg news service reported April 30.
Citing people familiar with the matter who were speaking about private discussions on condition of anonymity,
Bloomberg reported the company wants to sell the 220,00 acres of oil and gas leases it owns across the south Texas basin.
The report said Chesapeake is currently working with advisors on the potential sale.
Once among the more influential shale oil and gas companies in the world, Chesapeake has experienced a steady series of corporate setbacks.
Chesapeake CEO departs after emerging from Chapter 11
Apr 28, 2021 5:31:pm
Summary
by: Daniel Graeber
Posted in:
Chesapeake CEO departs after emerging from Chapter 11
US-based energy company Chesapeake said April 27 that CEO Doug Lawler would leave his position, just months after the company emerged from Chapter 11 bankruptcy protection.
After nearly a decade in the front office, Lawler will leave effective April 30. The chairman of the company’s board of directors, Mike Wichterich, will serve as interim CEO during the search for Lawler’s replacement.
“I firmly believe that the investment thesis supporting Chesapeake is compelling, and my confidence in the renewed strength of the company continues to grow,” Wichterich said.
is impacting his investment strategy. later once of the world richest men talks about where he is seeing the best global opportunities right now. as i said, stocks set to end the month in red. but it sure has been a roller coaster ride for the market. bob, you ve been looking at the markets today. i think we are looking at the tiest range for the dow in more than a year. it shows you how much the mark set waiting for the job s report before investors decide where to place their bets. yes. it is a little wider now because we hit lows not much though. no. you re right. the volume the be the late ef of the year. we add lot of uncertainty. today chicago numbers didn t help. dallas numbers didn t help. we will get the ism tomorrow. that will help a little bit. but i think people are pulling back because the data is very choppy now. er with in the worse scenario. this quarter and next, good heavens, 2% means well we need 3% for job s growth. we need 1% or somewhere to g
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