Fracking pioneer Chesapeake becomes latest corporate casualty

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).

 
 

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