Chesapeake Energy, fracking pioneer, files for bankruptcy owing $9bn

THE GUARDIAN | Chesapeake Energy, the shale gas drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection.


The Oklahoma City-based company said on Sunday that it had been forced to enter chapter 11 protection because its debts of $9bn were unmanageable.


It has entered a plan with lenders to cut $7bn of its debt and said it will continue to operate as usual during the bankruptcy process.


To read the full article, click here.






  • LinkedIn
  • Twitter

© 2020 Energen. This website represents a proof of concept of the future platform