https://www.reuters.com/business/energy/exclusive-chesapeake-energy-considers-sale-south-texas-assets-sources-2021-04-29/
8 replies (most recent on top)
Articles say 2 billion. I highly doubt all of South Texas will go for that. Maybe one foreman area, but not all 1000+ wells.
Explains why S.TX res was cooking the reserves books prior to BK exit. At the request of the higher ups obviously. No one wants to stand up for what's true & moral anymore because they know they'll be gone the next round. (Or made so miserable that they quit.)
Every penny better go to old shareholders including current employees and former!!!!
Mogrbakken ???
That would have to be F(fraud) P (put putters on).
No worries though, CHK is still probably paying to store the IOR equipment that has already been bought. Another fine business decision by an EVP......🙃
Who is moarbakkens mini me?
It’s all Mohrbakken and his mini-me fault.
They created the delusion that IOR was going to save STX, but in fact it’s destiny was actually already doomed since 2017-2018.....
Sad that it used to be the cash register for CHK. And then 2018 came around and things went south like going down an open drain. Does anyone know who was brought in down there at that time ??
Most of the EagleFord wells were auto-forecast, and remaining volumes are inflated. Buyer beware!