Chesapeake Energy Corp. (“the Company” or “Debtor”) engages in domestic exploration and production of oil, natural gas, and natural gas liquids. The Company holds interests in natural gas resource plays, including the Marcellus in the Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in the Anadarko Basin of northwestern Oklahoma. The company was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.
Opportune was engaged by the Official Committee of Unsecured Creditors (“UCC”) to serve as a financial advisor during Chesapeake’s Chapter 11 bankruptcy filing dated June 28, 2020.
Highlights of Opportune’s role included:
Opportune leveraged its Restructuring, Valuation, and Reserve Engineering & Geosciences service lines to deliver expertise unmatched in the market. Our willingness to put in the long hours and take on the risk associated with the engagement was lauded by other case parties and led to a significantly greater recovery for general unsecured creditors than what would have been afforded without our work.
Since its inception, Opportune has been one of the most active financial advisory firms in the energy sector. Our restructuring experience, coupled with our energy-industry expertise, maximizes value for constituents in a distressing situation. We think strategically, and deliver results both operationally and financially through hands-on, actionable implementation to meet the challenges of business turnarounds. We serve equity, secured lenders, unsecured creditors, and others throughout the capital structure to enhance value and increase recoveries during times of operational and financial crisis. For more information on our Restructuring services, CLICK HERE.
When you choose Opportune, you gain access to seasoned professionals who not only listen to your needs, but who will work hand in hand with you to achieve established goals. With a sense of urgency and a can-do mindset, we focus on taking the steps necessary to create a higher impact and achieve maximum results for your organization.Leadership