I have started receiving bankruptcy notices about Chesapeake. My mineral rights are in Washington County, Texas. Am I supposed to be doing anything?
Compared to others Chesapeake’s bankruptcy case appears to be moving ahead smoothly. Their main lenders appear in agreement on restructuring the company and have advanced them more money to continue operations while the details are worked out. No guarantees but royalty owners are generally protected in these cases.
Below is a link to an ongoing discussion about oil company bankruptcy filings including Chesapeake’s.
https://www.mineralrightsforum.com/t/oil-company-bankruptcies-and-info/56868
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