Top Story | Debt | Financial Trouble | Capital Markets
Chesapeake Taps Debt Restructuring Advisors as Pressure Mounts
Print
|
With the downturn in commodity prices adding further financial pressure, Chesapeake Energy Corp. has tapped advisors that specialize in debt restructuring, according to a report by Reuters.
The company has hired Kirkland & Ellis LLP and Rothschild & Co. to assist in addressing its $9.0 billion long-term debt load.
Back in November 2019, Chesapeake was in talks to sell its Haynesville Shale asset to Comstock Resources for around $1.0 billion, but the talks never amounted to an official deal.
In December 2019, the company got a $1.5 billion lifeline from several lenders. In the months since, Chesapeake has been mulling the possibility of a reverse stock split to increase its value. That was one of the matters slated to be voted on at the Meeting of Shareholders on April 13, 2020.
The company is currently operating 13 rigs across 4 plays.
Chesapeake's Debt
Rigs Operating
More Financial Trouble - Hire Debt Advisors News
Large GOM E&P Headed Toward Bankruptcy Again; Chapter 22
Fieldwood Energy LLC is likely headed toward its second bankruptcy filing in two years, according to a report by The Wall Street Journal. The company has tapped Weil…
Extraction Oil & Gas Borrowing Base Cut, Hires Advisors
Extraction OIl & Gas problems continue, the company CFO reported during its Q1 call that its lenders cut it borrowing base and the company drew down the remaining…
Major Pressure Pumper/ Frac Company Hires Debt Advisors
Frac services provider FTS International has hired debt advisors, according to a report by The Wall Street Journal. The company has hired financial firm Lazard Ltd. and Kirkland…
Callon Hires Debt Advisors as it Grapples with $3.0B Debt Load
Callon Petroleum Co. has hired debt advisors as it looks to restructure its considerable debt load, according to a report by Reuters. Currently, the company has logged over…
Another Large STACK Operator Hires Debt Advisors
Chaparral Energy Inc. has hired debt advisors as the company looks to shore up its balance sheet, according to a report by Reuters. The Oklahoma City-based company has…
Ark-La-Tex News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Ascent Resources 2026: A Quiet Growth Story for Oilfield Services
Ascent Resources may not be making headlines with rig additions or dramatic well count increases, but a closer read of their March 2026 investor presentation — compared against…
Gulf Coast News
Diversified Energy Striking While the Iron is Hot in East Texas
Transaction Summary Diversified Energy has entered into a definitive purchase and sale agreement to acquire high-working interest, natural gas producing assets in East Texas from Sheridan Production for…
Infinity Closes $1.2B Utica Upstream & Midstream Deal
Infinity Natural Resources has completed its $1.2 billion acquisition of upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream, according to company disclosures…
Antero Resources Completes $2.8B Marcellus Expansion
Antero Resources Completes $2.8B Marcellus Expansion Antero Resources has completed the previously announced acquisition of upstream assets from HG Energy II, LLC, significantly expanding its core position in…
Mitsubishi to Buy Aethon for ~$5.2B, Taking Scaled Haynesville Gas Platform
Mitsubishi Corporation has agreed to acquire Aethon (Aethon III LLC, Aethon United LP and related entities) for a total equity investment of approximately $5.2 billion, delivering Mitsubishi a…
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…