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Permalink Reply by John Denison on January 14, 2021 at 13:07

From the WSJ:

"After approving the company’s plan during a virtual court hearing, Judge Jones addressed Chesapeake Chief Executive Robert Lawler directly, telling him “to remember that a lot of people have suffered a lot of pain for Chesapeake to have a second chance and I ask that you not forget that going forward.

“Chesapeake is a really big and important company. It’s an important company to our country’s infrastructure, it helps make everything work,” Judge Jones said. “But we live right now in a very, very difficult time and you have the ability to be a leader and to make a difference.”

Mr. Lawler said he’s committed to fostering a positive corporate culture and treating all of Chesapeake’s stakeholders with transparency.

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Permalink Reply by Skip Peel - Mineral Consultant on January 14, 2021 at 13:12

This turns the page on the Aubrey McClendon portion of Chesapeake's history.  Lawler and his team that tried to turn Chesapeake around never had a chance given the hole that Aubrey dug for the company.  I just don't expect the company to stop shorting their mineral lessors by way of marketing charges.  All Haynesville lessors need to check their statements carefully to see if the newly negotiated lowering of gathering and treating expenses are passed on.

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