*C Warrants (CHKEL) with exercise price of $36.18 and expiration date of February 9, 2026. Effective selling date is Februfor those still holding any shares. Distribution Under the Ch.11 Reorganization Plan The fifth amended reorganization plan ( docket 2833) distributes recoveries for allowed claims: Common Shareholders and Preferred Shareholders (Class 10) They also expect to save a significant amount of money on pipeline contracts. The new company will have $1.271 billion in funded debt compared to $9.095 billion last June 30. The opening trading price of $43 for the new CHK common stock was much higher than the equity value implied in their $5.129 billion enterprise value. Former shareholders are getting no recovery, including preferred shareholders. Incredibly, the CHKAQ common stock still traded at $3.05 when trading was stopped. Its marketing operations include oil, natural gas and NGL marketing services, including commodity price structuring, negotiating of gathering, hauling, and processing and transportation services.After a very lengthy confirmation process, Chesapeake Energy ( NASDAQ: CHK), exited Ch.11 bankruptcy on February 9.

Its liquids-rich resource play in the Eagle Ford Shale in South Texas (Eagle Ford). Its natural gas resource plays are Marcellus Shale in the northern Appalachian Basin in Pennsylvania (Marcellus) and the Haynesville/Bossier Shales in northwestern Louisiana (Haynesville) and the liquids-rich resource play in the Eagle Ford Shale in South Texas (Eagle Ford). It owns a diverse portfolio of onshore United States unconventional natural gas and liquids assets, including interests in approximately 8,200 gross oil and natural gas wells. It is engaged in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids (NGLs) from underground reservoirs.

Energy : Oil, Gas & Consumable Fuels | Mid Cap Value Company profileĬhesapeake Energy Corporation is an independent exploration and production company.

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