CHESAPEAKE GRANITE WASH TRUST
6 story beats from 2011 to 2021
The story so far
The events that changed the company's story, in plain English, each written against everything known about the company at the time. The dot shows whether it was good, bad or neutral for shareholders.
2021
- 10 Dec
Tapstone, the operator behind the Trust's royalty interests since the 2020 bankruptcy sale, was itself acquired by Diversified Energy for $419 million; Tapstone's Trust-related duties passed unchanged to Diversified, which may now be deemed beneficial owner of 23.75 million Trust common units.
business combination
2020
- 11 Dec
As part of Chesapeake Energy's own Chapter 11 bankruptcy, its Mid-Continent assets underlying the Trust's royalty interests were sold at a bankruptcy-court auction to Tapstone Energy for $130.45 million; Tapstone assumed Chesapeake's duties under the Trust agreements, becoming the new operator behind the Trust's royalty stream.
material agreement
- 18 Mar
CHESAPEAKE GRANITE WASH TRUST's exchange filed to remove a class of its securities from listing.
listing compliance notice
- 28 Feb
Having failed to regain compliance within the cure period, the Trust's units were suspended from NYSE trading and moved to the OTC Pink market under the same CHKR symbol.
listing compliance notice
2011
- 21 Nov
Chesapeake Granite Wash Trust completed its IPO of 20 million common units (plus a 3 million-unit underwriter option), with Chesapeake Exploration and its affiliates conveying perpetual and 20-year term overriding royalty interests in Oklahoma Granite Wash oil and gas properties to the Trust.
capital raising announcement
- 9 Nov
the New York Stock Exchange certified CHESAPEAKE GRANITE WASH TRUST's securities for listing, clearing them to begin trading.
listing compliance notice