1. Shale Pioneer Chesapeake Energy Files for Bankruptcy

    Shale Pioneer Chesapeake Energy Files for Bankruptcy

    Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets. The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months of negotiations with creditors to lay the groundwork for the restructuring...

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    1. Despite having removed over $20 billion of leverage and financial commitments, we believe this restructuring is necessary for the long-term success and value creation of the business.
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