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Chesapeake Energy Skips Interest Payment; Borrowing Base Slashed

2020-06-19 11:10:00| OGI

Chesapeake Energy, the shale pioneer widely anticipated to seek bankruptcy protection, said in a regulatory filing its borrowing base under a so-called 'reserve-based' loan was cut to $2.3 billion from $3 billion.

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Chesapeake Energy Shares Tumble Amid Volatility, Trading Halts

2020-06-09 22:05:00| OGI

In a dramatic day for the company on June 8, Chesapeake Energy stock more than tripled in value, triggering 22 volatility halts before closing up 182%. It later fell in extended trading.

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Chesapeake Energy: Rise and Fall of a US Shale Star

2020-06-04 23:30:00| OGI

Chesapeake Energy, once worth $35 billion, is flirting with bankruptcy in face of the coronavirus-driven crash.

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Shale Pioneer Chesapeake Energy Considers Bankruptcy Filing

2020-05-11 21:30:00| OGI

The announcement follows last month's statement by Chesapeake Energy that it was in talks to line up bankruptcy financing and was in talks for a loan to run its operations through the court proceedings.

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Chesapeake Energy Lays Off 200 Oklahoma Employees

2020-04-17 11:10:00| OGI

Half of the job cuts were at Chesapeake Energy's Oklahoma City headquarters and half were in the oil field, according to the Oklahoma Office of Workforce Development.

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