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HOUSTON (Reuters) – U.S. shale producer ChesapeakeEnergy Corp on Tuesday exited Chapter 11 bankruptcy with business plan that nods to its founders鈥?emphasis on natural gas after a recent push into crude oil. FILE PHOTO: Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City,Oklahoma,on April 17,2012. REUTERS/Steve Sisney

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  • Is Chesapeake Energy going back to the future?

  • Robert Lawler, Chesapeake CEO looks to be going back to the future. The long and winding road for independent oil and gas producer Chesapeake Energy rounded another curve this week with the company鈥檚 emergence from Chapter 11 bankruptcy proceedings in leaner shape and with a new strategic focus that echoes an old one.

  • How much debt does Chesapeake Energy have after bankruptcy?

  • And while the company will emerge from bankruptcy with about $1.3 billion in debt, that鈥檚 still far less than the more than $9 billion it carried into the process. Plus, this debt is better than what Chesapeake had before, given that the obligation is unsecured and carries a coupon rate of less than 5.7%.

  • What are Chesapeake Energy鈥檚 proven reserves?

  • LaRoche stated Chesapeake鈥檚 total 10-year proved reserves include about 125.5 million barrels of oil, about 3.1 trillion cubic feet of natural gas and about 41.4 million barrels of natural gas liquids. It estimated the company could return about $4.3 trillion, or about $2.7 trillion (discounted over 10 years) to investors from those reserves.

  • Is Chesapeake turning into a natural gas growth company?

  • 鈥淲hat鈥檚 clear from the development plans, is that Chesapeake will become a natural gas growth company anchored by the Marcellus and Haynesville while the oil assets are harvested for free cash flow,鈥?Josh Silverstein, a Wolfe Research LLC analyst, wrote in a note to clients.

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