Did Chesapeake Energy file Chapter 11?

Did Chesapeake Energy file Chapter 11?

Posted in the Henderson Forum

“Life is full of surprises”

Since: Aug 08

usa

#1 Oct 28, 2008
I have heard serval times this week that this company has filed Chapter 11. Arent' they the company that has been leasing all the land in the new shale that was just found?
OGML

AOL

#2 Oct 28, 2008
Cheseapeake is having its problems. Look at their stock recently. They are cold drafting people (not paying their drafts). They are "a" company that is leasing the deeper shale formation but there are several that are doing that. Chesapeake wants you to believe they are the only Company leasing the shale. Just not true. Also, do not believe that every mineral owner is getting the big bucks to lease. Only a small few got real big money. Chesapeake has and are in the process of laying off hundreds of landmen. It did not have to be this way.
Not exactly

Longview, TX

#3 Oct 28, 2008
http://www.dallasnews.com/sharedcontent/dws/b...

They are pulling their plans for Shale tv - Channel 11, not Chapter 11. They have pretty much stopped leasing the Haynesville due to credit constraints I'd guess.
good

Henderson, TX

#4 Oct 31, 2008
im glad
jason

Collinsville, OK

#6 Nov 19, 2008
i believe you are hearing about chesapeake packaging who is considering chpt 11.
Tammy

AOL

#7 Dec 2, 2008
Chesapeake has all this info on their website
www.chk.com they are planning on laying down 300-500 rigs from what it says on conference notes in the question & answers session on 10/31. BUT Chesapeake does not own that many rigs so what I am wondering is are they laying down contracted rigs but keeping their Nomac rigs up? Since those are the ones they actually own not lease.

I don't understand it because they gave rasies at the beginning of the downward spiral to Nomac employees. It is scarey because Oil&Gas are the main source of income in the arklatex area.
spiderco

United States

#8 Dec 30, 2008
You are correct about cold drafting. They are not honoring their drafts and I have to retain a lawyer to prevent them from filing the signed lease.
Advice appreciated.
spiderco
OGML wrote:
Cheseapeake is having its problems. Look at their stock recently. They are cold drafting people (not paying their drafts). They are "a" company that is leasing the deeper shale formation but there are several that are doing that. Chesapeake wants you to believe they are the only Company leasing the shale. Just not true. Also, do not believe that every mineral owner is getting the big bucks to lease. Only a small few got real big money. Chesapeake has and are in the process of laying off hundreds of landmen. It did not have to be this way.
spiderco

Germantown, TN

#9 Jan 5, 2009
I stand corrected. Almost two months to the day, they honored their draft.
December 31, 2008
DSWIS

Fenton, MI

#10 Sep 22, 2010
OGML wrote:
Cheseapeake is having its problems. Look at their stock recently. They are cold drafting people (not paying their drafts). They are "a" company that is leasing the deeper shale formation but there are several that are doing that. Chesapeake wants you to believe they are the only Company leasing the shale. Just not true. Also, do not believe that every mineral owner is getting the big bucks to lease. Only a small few got real big money. Chesapeake has and are in the process of laying off hundreds of landmen. It did not have to be this way.
This maybe happening again (Cold Drafting) in MI Collingwood Shale play. They maybe using the name Silver Lake Energy LLC.
warren buffet

United States

#11 Oct 8, 2010
I get all my business news from topix.
tommy

San Antonio, TX

#12 Sep 27, 2013
Is Chesapeake selling oilfield trucking solutions in pearsall,tx and if so to who?

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