Chesapeake files for bankruptcy

Chesapeake Energy, the emblem of the American revolution for shale, is facing bankruptcy following the collapse of oil and gas prices linked to coronavirus

A natural gas rig operated by Chesapeake in Pennsylvania

New York - Chesapeake Energy, the emblem of the American revolution for shale, is facing bankruptcy following the collapse of oil and gas prices linked to coronavirus.
 
The heavily indebted company had been having problems for some time and the virus has accentuated them. With bankruptcy, Chesapeake Energy aims to get rid of its $ 7 billion in debt.
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