re: halliburtons As we await news
It appears CHK are experiencing cash flow problems.
Chesapeake Energy cancels some mineral leases in two Colorado counties
Posted on April 1, 2012 by RockPick
Oil Drilling Rig
By Mark Jaffe - The Denver Post
Nearly 200 landowners in Douglas and Elbert counties signed mineral leases with Chesapeake Energy expecting thousands of dollars in signing bonuses only to have the company walk away without paying a cent.
After holding the leases for as much as 11 months, Oklahoma City-based
Chesapeake filed forms releasing its claim to 55 properties in Douglas County and 133 in Elbert County, according to assessor’s office records.
The move comes as Chesapeake is facing a financing gap and, according to top executives, a waning interest in the Niobrara formation in Colorado.
re: halliburtons As we await news It appears CHK are...
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