By Gary McWilliams3 Min ReadHOUSTON (Reuters) - U.S. oil and gas producer Chesapeake Energ...

Chesapeake Energy to emerge from bankruptcy court as a $5.13 billion enterprise – Reuters

By Gary McWilliams3 Min ReadHOUSTON (Reuters) - U.S. oil and gas producer Chesapeake Energy’s Chapter 11 bankruptcy plan was approved by a U.S. judge on Wednesday, giving lenders control of the firm and ending a contentious trial.FILE PHOTO: A Chesapeake Energy natural gas well pad rests on the hill in Litchfield Township, Pennsylvania, January 9, 2013. REUTERS/Brett Carlsen/File PhotoChesapeake will emerge from bankruptcy with about $3 billion in new financing, a $7 billion reduction in debt, and $1.7 billion cut …


 


 

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