Chesapeake Energy Corporation

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Case Number:

4:20-bk-33233

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. August 24, 2021

    Chesapeake Gets OK For $6.3M Settlement, $2.9M In Atty Fees

    A Texas federal judge has given final approval to Chesapeake Energy Corp.'s $6.25 million settlement of Pennsylvania class actions over the payment of oil and gas royalties, as well as nearly $2.9 million in fees and expenses for the class counsel.

  2. May 12, 2021

    Chesapeake's Ch. 11 Deal On Royalty Suits Approved In Texas

    A Texas bankruptcy judge approved a deal Tuesday that resolves about $150 million in claims levied against reorganized debtor Chesapeake Energy by landowners who say they were underpaid on royalty obligations owed by the debtors.

  3. April 07, 2021

    New Chesapeake Suit Must Focus On Post-Ch. 11 Rights

    A Texas bankruptcy judge told Chesapeake Energy that he's ready to allow a contract dispute with another oil and gas driller to proceed in Pennsylvania court, but only as long as the parties focus on post-bankruptcy issues.

  4. March 30, 2021

    Gas Driller Must Dismiss Chesapeake Suit Due To Ch. 11 Plan

    A Texas bankruptcy judge on Tuesday shut down a breach of contract suit against oil and gas driller Chesapeake Energy after Chesapeake argued that the claims were barred by its Chapter 11 plan, even if the claimed breach took place after the plan was confirmed.

  5. January 13, 2021

    Chesapeake Energy Ch. 11 Plan Confirmed With $5.13B Value

    A Texas bankruptcy judge confirmed the Chapter 11 plan of oil and gas driller Chesapeake Energy on Wednesday, agreeing with the debtor's $5.13 billion valuation and handing over the equity of the company to senior lenders owed more than $7 billion.

  6. November 23, 2020

    Chesapeake Energy Floats Ch. 11 Pipeline Deal With Williams

    Bankrupt oil and gas driller Chesapeake Energy Corp. proposed a deal Sunday in Texas bankruptcy court that would provide an agreeable resolution of disputes over gas gathering agreements with The Williams Companies by turning over some of the debtor's assets to the pipeline operator and receiving beneficial amendments to the gas deals.

  7. October 14, 2020

    Chesapeake Energy Nabs $85M Ch. 11 Bid For Okla. Wells

    Oil and gas driller Chesapeake Energy Corp. has told a Texas bankruptcy court that it has accepted an $85 million stalking horse bid for its Oklahoma drilling operations from Blackwell Group-created Tapstone Energy Co.

  8. July 08, 2020

    Top Bankruptcy Cases Of 2020: Midyear Report

    So far in 2020, the number of corporate bankruptcy filings has spiked significantly compared to the same period last year, as unprecedented economic headwinds have generated a liquidity crisis for many struggling companies in a trend that may continue for the rest of the year and into 2021, according to bankruptcy professionals.

  9. July 06, 2020

    Oil & Gas Bankruptcies May Hit Snags Amid FERC Turf War

    The Federal Energy Regulatory Commission recently expanded its turf war with bankruptcy courts when it determined that Chesapeake Energy Corp. must get its blessing to ditch pipeline contracts in Chapter 11, and attorneys say the growing oil and gas bankruptcy wave sets the stage for more jurisdictional fights.

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