The Oklahoma City-based company helped turn the US into a global energy powerhouse but ran up huge debts in the processChesapeake 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. Continue reading…
Via: Chesapeake Energy, fracking pioneer, files for bankruptcy owing bn
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