Bankruptcy Archives - Page 7 of 7 -

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Chesapeake Energy Corporation Receives Notice From NYSE Regarding Continued Listing Standard

June 29, 2020

OKLAHOMA CITY, June 29, 2020 /PRNewswire/ — Chesapeake Energy Corporation (the “Company”) today was notified by the New York Stock Exchange (“NYSE”) of its determination to commence proceedings to delist the Company’s common stock and to suspend trading of the Company’s common stock due to the Company’s decision to voluntarily file for reorganization under Chapter 11 of the Bankruptcy Code.

Shares in Chesapeake Energy set for delisting, as historic bankruptcy is finally official

June 29, 2020

Forbes The NYSE this morning suspended trading in shares of freshly bankrupt Chesapeake Energy and commenced delisting proceedings for the stock, which is frozen at $11.85. The company, in filings yesterday for its Chapter 11 restructuring, in U.S. Bankruptcy Court in Houston, made it clear what the outcome was going to be for holders of its common stock under its

Lilis Energy voluntarily files for Chapter 11 bankruptcy

June 29, 2020

Oil & Gas 360 FORT WORTH, Texas, June 29, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has filed petitions under Chapter 11 of the United States Bankruptcy Code to initiate voluntary cases in the

Chesapeake Energy Corporation Commences Voluntary Chapter 11 Process

June 28, 2020

OKLAHOMA CITY, June 28, 2020 /PRNewswire/ — Chesapeake Energy Corporation (NYSE: CHK) today announced that the Company has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas (“the Court”) to facilitate a comprehensive balance sheet restructuring.

Chesapeake Energy Preparing To File for Bankruptcy As Soon As This Week

June 16, 2020

NEW YORK (Reuters) – Chesapeake Energy Corp is preparing to file for bankruptcy as soon as this week, said three people familiar with the matter, becoming the largest oil and gas producer to unravel after an energy market rout caused by the coronavirus outbreak.

Oil producer California Resources Corporation gets more time to make debt payments

June 15, 2020

Oil and Gas 360 Publishers Note: If you have been following the 360 Digital Closing Bell, this story contains an update to a prediction made on our podcast Bakersfield.com A large local oil producer has won a deadline extension from its creditors that allows it to avoid filing for bankruptcy protection after it was unable twice recently to make scheduled

U.S. judge to confirm bankrupt Linn Energy’s restructuring

January 30, 2017

From Reuters: A U.S. judge overseeing the bankruptcy of Linn Energy LLC (LINEQ.PK) said on Tuesday he is prepared to confirm its restructuring plan with slight tweaks, backing the oil-and-gas producer’s goal of shedding $5.5 billion in debt and splitting into two companies. U.S. Bankruptcy Judge David Jones at the end of a hearing in Houston congratulated Linn’s legal team

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