Debtor, Agency Reach Deal To End Adversary Case About Rejection Of Contracts

(September 3, 2020, 12:04 PM EDT) -- HOUSTON — Hydraulic fracturing operator Chesapeake Energy Corp. and the Federal Energy Regulatory Commission (FERC) reached a deal on July 17 that ended Chesapeake's adversary proceeding in federal bankruptcy court in Texas as FERC agreed that it would not issue any ruling regarding Chesapeake's requirement to honor certain contracts while it is in Chapter 11 bankruptcy (In re:  Chesapeake Energy Corporation, No. 20-33233, Adv. No. 20-03231, S.D. Texas Bkcy.)....

Related Sections