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Saturday, October 31, 2020
Energy Chesapeake Energy

Chesapeake Energy

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Outtakes: Stevie Nicks on Petty, Prince, Beyoncé and Harry

By MESFIN FEKADU AP Music WriterNEW YORK (AP) — Stevie Nicks — who is releasing a new song Friday and a concert...

Kids are probably more strategic about swapping Halloween candy and other stuff than you might think

Margaret Echelbarger, University of Chicago The Research Brief is...

FWHS picks demolition contractor for Stop Six Choice Neighborhood Initiative

Fort Worth Housing Solutions has awarded a $2.8 million contract for the abatement and demolition of the former Cavile Place public housing...

Shares of Chesapeake Energy slumped in Monday trading after the company said in a regulatory filing that “management has concluded that there is substantial doubt about the company’s ability to continue as a going concern.” Demand for energy has plummeted during the outbreak, driving prices for crude and natural gas sharply lower.

On Monday, the Oklahoma City-based company said in its 10-Q filing it was considering a bankruptcy court restructuring of its over $9 billion debt. Also in the filing, made to the Securities and Exchange Commission, the company said thee was “substantial doubt about the company’s ability to continue as a growing concern.” Chesapeake Energy shares, traded on the NYSE under the CHK symbol, were at $12.90 late on Monday.

Latest News

Exxon to cut 1,900 US jobs as oil industry struggles

By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — Exxon Mobil is slashing 1,900 jobs from its U.S....

Texas Republicans highlight energy issues as a closing argument of campaign

By Mitchell Ferman, The Texas Tribune Oct. 28, 2020 "Texas Republicans highlight energy issues...

Michael Bloomberg gives $2.6 million to Texas Democrat running for railroad commissioner

By Patrick Svitek, The Texas Tribune Oct. 26, 2020 "Michael Bloomberg gives $2.6 million...

Trump intensifies fracking assault on Biden in Pennsylvania

By MARC LEVY Associated PressHARRISBURG, Pa. (AP) — In a late gambit to win the battleground state of Pennsylvania, President Donald Trump...

Donald Trump and Joe Biden sparred over Texas’ energy industry and global warming during final presidential debate

By Abby Livingston, The Texas Tribune Oct. 22, 2020 "Donald Trump and Joe Biden...