Fracking Trailblazer Chesapeake Energy Files for Bankruptcy

Chesapeake Energy Corp. said Sunday that it had filed for bankruptcy protection as an oil- and gas-price rout stoked by the coronavirus pandemic proved to be the final blow for a shale-drilling pioneer long hamstrung by debt.

Co-founded in 1989 by the late wildcatter Aubrey McClendon, Chesapeake was early to recognize that horizontal drilling and hydraulic fracturing could unlock vast troves of natural gas, a trend that led to a rebirth of American fossil-fuel output and eventually made the U.S. the top oil producer in the...

You love to see it

Being dyslexic I always read the word as Cheap Skate

BREAKING FrackingGiant Chesapeake, aLeaderInTheGas&OilFrackingBooms, thatMisled&HarmedSoManyFamilies in PA,TX,OK,LA,WY, justFiledForBankruptcy, citing CoronavirusAsTheCause. The PonziScheme of Fracking isFallingApartAsPredicted.

If it was just Chesapeake Energy, but many & many more companies will be filing chapter 11 here soon. The economy is going to get REKT!

acescrappy welp

It is about time.

The US used to get ahead of developing technologies. Fossil fuels are not the future. There will always be a need to them in some capacity but not as our primary energy answer.

Good, they are destroying the local water sources with contamination and over use (takes a lot of water to frack drill) of local water supplies. I have seen them dry up natural springs in Potter County Pa as well as ruin drinking water. I would drink water from Flint first.

Probably the most destructive way to extract oil ever invented. It was madness from the start driven by greed and pride at the expense of the planet.

ElizabethFacey Chesapeake Energy filed for bankruptcy ^

This baby will be up 20% tomorrow. $CHK $TSLAQ robinhoodbros

Chesapeake stockholders checking their shares tomorrow morning like:

Should be good for a quadruple by tomorrow’s close.

Monday morning ... HTZ all over again.

Bye 👋

Unbelievable! I know oil & gas prices are way down but these guys made a LOT of money. And I’m sure the CEO and other Execs will still get millions.

No bailouts please.

Capitalism’s creative destruction.

g o o o o d

Chesapeake will rise again soon! They have great people and talent. They are another reason why Oklahoma is a great place to live and work. Their contributions to our oil and gas industry have been revolutionary!

Rest In Piss

TurkeyInvadesKurdistan and the world is silent

Major OKC employer. I guess we'll have to lean on the dispensaries now!

Good. Frack them. 🖕🏽

I almost invested in that company a year or so ago... Dodge a bullet on that one... Thank You Dear Lord.

300% gains incoming.

Trump gave Chesapeake Energy relief to abandon production of over 100 leases without losing ownership of these assets. Companies typically must surrender their leases when they stop working them. When will Trump Administration scandals ever stop.

Breaking Pétrole : ça y est, c'est officiel, Chesapeake Energy, l'un des pionniers des pétroles et gaz de schiste, se place sous le régime de protection des faillites !

Fuck fracking

This will make for a great/sad movie someday. Mr. McClendon was a rock star in Oklahoma City.

.hoorah

primeeconomics going to go for some COVID corporate welfare

I know so many dickheads around here who work for them and are out of work now. They spent every excessive dollar they had on the biggest trucks and houses and I hope most do what their CEOs are doing

Not surprised I remember the big spending scandal from about 10 year ago.

I used to love the stock. Was even paid a royalty from them when we lived in Texas!

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