Chesapeake Energy stands poised on the edge of bankruptcy - yet again - but this time could be different. If the one-time US gas giant topples off that precipice, it could radically change course from its oily ambitions, shed far-flung assets in six major plays and return to its roots as a pure-play gas producer. And what could ultimately save the fifth-largest US gas producer would certainly roil one key energy sector: The vast midstream pipeline network with whom Chesapeake has contracted billions of cubic feet per day of capacity to move gas and natural gas liquids to market.
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