Tag Archives: bankruptcy

As of January 2015 frackers racked up $25 billion debt in TeXas bankruptcies

BizJournal.com reports that “Many of these energy companies amassed large amounts of debt during the shale boom to rapidly grow their businesses and now face significant challenges in today’s climate of low oil prices” and that Texas accounts for 52% of … Continue reading

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Hey Arlington TX FYI Chesapeake saved by banks for now look at Goodrich & Quicksilver’s NG Bankruptcies

UPDATE 4/25/15 Swift Energy avoided bankruptcy (for now?) UPDATE 4/19/16 Another one-this one a spin of off Chesapeake called SeventySeven UPDATE 4/18/16 MORE TX bankruptcies As of December 31, 2015, Chesapeake had $9.7 billion of outstanding debt. But saved by … Continue reading

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Bankruptcy: Fracking investment in Goodrich = Poor people

update..See Which Energy Companies Filed For Bankruptcy in Texas Through Q2.. end update http://www.gohaynesvilleshale.com/forum/topics/goodrich-announces-bankruptcy-plans One of the comments on this story said “As recently as 2014, the stock was trading around $30/share, with around 78 million shares outstanding. The money … Continue reading

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Chesapeake 2015 Q3 loss almost 7 x’s more than 2014 Q3 profits

“Chesapeake logged a net loss of $4.6bn in the third quarter of 2015, from a profit of $692m in the same period in 2014”. http://www.ft.com/fastft/2016/02/08/chesapeake-no-plans-to-pursue-bankruptcy/ And so the market ditched CHK shares for a brief moment in the prospect of … Continue reading

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NCTCOG Water Resources Council met ME today

On 1/21/2017 the NCTCOG Water Resources Council held a meeting at 616 Six Flags Dr, Arlington TX from 10:30-Noon. Here is my coverage/notes/video(s). I was very thankful to be able as a NON-member to express my concerns at the end … Continue reading

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Chesapeake Take or Pay (into bankruptcy ?)))

Seeking Alpha reported of Chesapeake’s REAL COSTLY gathering agreements. They post a portion of their Q4 2015, statement explaining the “Take or Pay” minimum gathering requirements… (emphasis is Alpha’s): Our gathering agreements for Barnett and Haynesville production require us to pay the service … Continue reading

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NOPE we did not partner w/FT Worth to buy Lake Arlington padsites that need to be shut down!

UPDATE March 1 2017 …I told them so…they had a chance to buy up (and permanently shut in) these padsites when they were being auctioned off! Now we are on track to get a disposal well… look at the picture … Continue reading

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RIP Richard Rainwater did that golf course kill you?

UPDATE March 1 2017:  Mr Rainwater’s money is the gift that just keeps on giving… toxic risks….as now  Bluestone (financed by Rainwater co) now owns the drill sites next to our drinking water source near Lake Arlington AND want to … Continue reading

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