1. Chesapeake Energy Becomes Largest Oil-and-Gas Bankruptcy of Pandemic

    Chesapeake Energy Becomes Largest Oil-and-Gas Bankruptcy of Pandemic

    Fracking pioneer Chesapeake Energy Corporation on Sunday became the largest oil-and-gas company to file for bankruptcy protection during the coronavirus pandemic.

    Chesapeake was once the nation's No. 2 natural gas producer, thanks to early bets on fracking. Aubrey McClendon, Chesapeake's late founder and CEO, was considered one of the leaders of the shale boom that transformed the United States into the world's largest oil and natural gas producer. But more recently, bankruptcy rumors had swirled around Chesapeake (CHK) as the company grappled with depressed energy prices, a poorly timed push into oil and a mountain of debt.

    The coronavirus crisis exacerbated those challenges. Despite a recent recovery to $40 a barrel, the price of oil has fallen ...

    Read Full Article
  1. Categories

    1. News.Law Categories:

      Big Law, Civil Plaintiff, Consumer Law, Coronavirus, Criminal Law, Drug Safety, Employment Safety, Opioids, Political and Legislative, Product safety, Securities, Special Topic, Trucking
    2. Targo:

      F-NRA, Gun Violence
  2. Topics Mentioned