If anyone scoops up Chesapeake coming out chapter 11, most likely it will be private equity types specializing in energy markets. Then Exxon will buy it from them at a huge price increase in seven or eight years, right before an oil crash.
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Why would anything change other than equity holders getting screwed? Leadership team appears to be remaining in place, and field teams are continuing to execute 2020 plans. Is Creekside still making omelets? Ultimate frisbee in front of building 1? Personal trainers at the Fitness Center? This is just shuffling around finances. Nothing will change at CHK.
"profit", not "property"
Nobody is scooping up CHK - the CHK entity has been rotten and toxic for many years and the business community welcomes its demise. The assets will be liquidated in pieces to multiple buyers. Most personnel will not be retained by the buyers - if they are buying then they expect to squeeze out a property by operating with their existing staff.