The Federal Energy Regulatory Commission wants the bankruptcy court to reject Chesapeake's request to cancel a nearly $300 million pipeline contract.
News & Analysis: Chesapeake Energy
The newly bankrupt oil and gas producer wants to restructure both its debt and legacy contractual obligations.
The oil and natural gas producer hopes to eliminate $7 billion of debt via this restructuring process.
A new recession means bankruptcies, leading to questions about corporate budgeting.
The company finally pulled the trigger on a major step in its effort to mend its balance sheet. Shareholders shouldn't be happy.
The oil and gas producer aims to eliminate $7 billion of debt.
The deeply indebted oil company hasn't filed for bankruptcy yet.
Oil markets are getting tumultuous again as the COVID-19 pandemic worsens.
The industry, which has already seen a few notable bankruptcies, will probably witness many more in the coming months.
Shares of the troubled oil company continue to bounce around with news and oil prices.