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Chesapeake Files For Bankruptcy, Wiping Out $7 Billion In Debt And Any Existing Equity Value

June 28, 2020

Chesapeake Files For Bankruptcy, Wiping Out $7 Billion In Debt And Any Existing Equity Value After years of melting, the Chesapeake icecube is finally history: at exactly 350pm on Sunday afternoon, the company that launched the US shale boom, finally gave up and filed for a pre-packaged bankruptcy in the Southern District of Texas. In […]

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No Fracking Way: Debt-Laden Shale Producers May Unleash The Next Financial Crisis

September 4, 2018

No Fracking Way: Debt-Laden Shale Producers May Unleash The Next Financial Crisis After nearly two decades of horizontal drilling, fracking – as it is commonly known, has “turned the energy world upside down,” according to Journalist Bethany McLean, a former Goldman Sachs analyst-turned-journalist. And according to a new op-ed in the New York Times, McLean has a warning for […]

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Chesapeake’s AIG Moment: Energy Giant Faces $1 Billion In Collateral Calls

February 26, 2016

Chesapeake’s AIG Moment: Energy Giant Faces $1 Billion In Collateral Calls Back on February 10, when looking at Carl Icahn’s darling Chesapeake, whose stock had plunged to effectively record lows on imminent bankruptcy concerns, we said that for anyone brave enough to take the plunge, the “Trade of the Year” would be to go long a specific bond, […]

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Former Chesapeake Energy CEO Aubrey McClendon Bringing Fracking to Argentina

January 28, 2016

Former Chesapeake Energy CEO Aubrey McClendon Bringing Fracking to Argentina Aubrey McClendon, the embattled former CEO and co-founder of Chesapeake Energy, has announced his entrance into Argentina to begin hydraulic fracturing (“fracking”) in the country’s Vaca Muerta Shale basin. Though he retired as Chesapeake Energy’s CEO back in 2013 in the aftermath of a shareholder revolt, McClendon wasted little time in creating a new company called […]

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“On The Cusp Of A Staggering Default Wave”: Energy Intelligence Issues Apocalyptic Warning For The Energy Sector

November 28, 2015

“On The Cusp Of A Staggering Default Wave”: Energy Intelligence Issues Apocalyptic Warning For The Energy Sector The Energy Intelligence news and analysis creator and aggregator is not one to haphazradly throw around hyperbolic claims and forecasts. So when it gets downright apocalyptic, as it did this week in a report titled “Is Debt Bomb About to […]

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Oil Suddenly Gets Ugly in Mexico

September 10, 2015

Oil Suddenly Gets Ugly in Mexico Mexico’s energy revolution could prove to be a bitter pill for the vast rump of the Mexican population, who stand to lose out on billions of dollars of annual state funds provided by the newly privatized but financially crippled oil company Pemex. But where there are losers, there are […]

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Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses

August 3, 2015

Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses For the past several weeks, the drilling industry — hammered by bad financial results — has begun promoting its next big thing: the Utica shale, generating the sort of headlines you might have seen five years ago, when the shale […]

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It’s Happening: Debt Is Tearing up the Fracking Revolution

July 22, 2015

It’s Happening: Debt Is Tearing up the Fracking Revolution The shares of Chesapeake Energy, second largest natural-gas driller in the US, crashed nearly 10% today, to $9.29, the lowest price since August 2003, down nearly 70% since oil began to plunge a year ago. The company’s $1.1 billion of 5.75% notes fell to an all-time low […]

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Olduvai IV: Courage
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