"I don't have a list handy for their divestitures but they have had offerings on all auction houses for a while now. They have been spinning off non-core assets in all of their basins to service their debt. Their most profitable…"
Marie's Discussions
Is Chesapeake Filing For Bankruptcy
34 Replies
I was advised that Chesapeake is filing for bankruptcy, is this true?Continue
Started this discussion. Last reply by Skip Peel - Mineral Consultant Apr 20, 2020.
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awharris replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"The word was that those laid off were from assets previously sold and in the due diligence phase. They had to be kept on during the transition. This is common. From what I see, don't put the nail in CHK's coffin yet as they…"
Steve P replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"yep, we are at that "can we just get this over with" point."
Steve P replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"I'm a land and mineral owner in DeSoto and Sabine Parishes. I've had my issues with CHK over the years. My lease with CHK had the "no costs" deduction addendum, so I've not had to deal with the issues you are…"
Marie replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"Either you’re a cheerleader, employee, or absolutely refuse to see the wrong Chesapeake has done, but that’s okay! "
Marie replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"Shouldn’t the lessors receive backpay for all the gas, oil, dirt, grass, trees, ants, etc.....that Chesapeake has taken? All landowners heard from land men who swooped in under the cover of night was: “ right now upfront payments of a…"
Marie replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"Just curious, does Chesapeake need to pay the lessors before the lessors remove themselves from any dealings with Chesapeake?"
Chad Ellis replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"Ha! I’ve seen, and may have been in negotiations on some of those deals in the past. In those days, the price of gas was so high that no one cared about the transportation/treating costs. The gathering contracts were…"
Marie replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"Regardless to what the explanation may be, court rulings and unhappy landowners prove otherwise! "
Marie replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"I really don’t care about Chesapeake’s bankruptcy! A life principle: “measure before you cut and not the other way around.” Chesapeake didn’t feel sorry one bit when they were cheating people out of their royalties by…"
Chad Ellis replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"Chesapeake’s gathering, treating, and transportation pipeline contracts are very burdensome(in the range of $0.35/ mmcf). They are a vestige of the massive growth in the early days where takeaway capacity was more important than cost.…"
Marie replied to Marie's discussion Is Chesapeake Filing For Bankruptcy"I was advised that they were filing for bankruptcy within the next year! Cheating Ches has not been honest and forthcoming in the practices and that’s completely unfair to the landowners “in more ways than one.”"
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- At 2:31 on April 2, 2020, Stella said…
Good Day,
How is everything with you, I picked interest on you after going through your short profile and deemed it necessary to write you immediately. I have something very vital to disclose to you, but I found it difficult to express myself here, since it's a public site.Could you please get back to me on:( mrsstellaabudheir@gmail.com ) for the full details.
Have a nice day
Thanks God bless
Stella.
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