Chesapeake Energy filed for bankruptcy protection from its creditors on Sunday after becoming overwhelmed by debts estimated to stand at $10bn (£8bn).
It was a trailblazer in its field – one of the pioneers of the fracking revolution that helped make the United States the world’s biggest oil and gas producer.
Today, though, Chesapeake Energy is merely the latest high-profile corporate casualty of coronavirus
The company filed for bankruptcy protection from its creditors on Sunday after becoming overwhelmed by debts estimated to stand at $10bn (£8bn).
Continue reading Fracking pioneer Chesapeake becomes latest corporate casualty