Chesapeake Asks Court to Break Pipeline Contracts, Including M-U

We’ll try not to sound arrogant, but once again *only* MDN nailed it–which is why you subscribe, right? Yesterday we brought you the news that Chesapeake Energy has finally filed for bankruptcy (see Chesapeake Files for Bankruptcy – Debtors to Take Ownership). In our opening paragraph, we told pipeline companies according to the language we read in the press release, that Chessy is “looking to break existing contracts, using the bankruptcy filing as an excuse.” And guess what? That is exactly what happened, including a request to break a contract with Crestwood’s Stagecoach Pipeline in the Marcellus/Utica.

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