Chesapeake asks to cancel pipeline contracts, sets drilling cuts [Reuters]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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Source: Reuters
Chesapeake asks to cancel pipeline contracts, sets drilling cuts HOUSTON (Reuters) - Chesapeake Energy Corp on Monday sought bankruptcy court approval to cancel $311 million in pipeline contracts, setting up a battle with U.S. regulators and operators including Energy Transfer LP, according to court filings. Chesapeake on Sunday became the largest U.S. oil and gas producer to seek bankruptcy protection in at least five years, falling to heavy debt and the impact of the coronavirus outbreak on energy markets. The company separately said in a filing it plans to operate six to eight drilling rigs for the next two years, about half the 14 rigs active on average in the first quarter, as it battles a historic downturn in oil prices. The shale pioneer wants to walk away from contracts with units of Energy Transfer, Boardwalk Pipelines, and a Crestwood Equity Partners and Consolidated Edison gas joint venture. The contracts involve about $293 million with Energy Transfer’s Tiger Pipeline and
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- Bearish: Analysts Just Cut Their Chesapeake Energy Corporation (NASDAQ:CHK) Revenue and EPS estimates [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Scotiabank from $92.00 to $110.00. They now have a "sector perform" rating on the stock.MarketBeat
CHK
Earnings
- 2/20/24 - Beat
CHK
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- CHK's page on the SEC website