What will happen to chesapeake energy

Parts of its spacious, verdant campus in northwest Oklahoma City are now vacant and up for redevelopment ideas. But company leaders say they retained some key assets after the seven-month bankruptcy process in which Chesapeake shed billions of dollars of its debt. CEO Doug Lawler said Chesapeake is prepared to show the value of a portfolio of operational areas its team has painstakingly worked to preserve and improve for the better part of the past eight years.

The bankruptcy process, while extremely painful and stressful, gave us a way to work with our creditors to maximize the value of our assets. A filing Chesapeake made with the Securities and Exchange Commission last week provided the following updates on its operational footprint.

Stock Market. Industries to Invest In. Getting Started. Planning for Retirement. Retired: What Now? Personal Finance. Credit Cards. About Us. Who Is the Motley Fool? Fool Podcasts. New Ventures. Chesapeake has paid millions of dollars since to settle charges of bid rigging.

But that debt grew more threatening within two years as the fracking boom turned to a bust in The company said in a regulatory filing in May that management has concluded that there is substantial doubt about the companys ability to continue as a going concern.

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