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Fracking Trailblazer Chesapeake Energy files for failure



Chesapeake Energy Corp. said on Sunday it had filed for bankruptcy protection as a fall in oil and gas prices fueled by the coronavirus pandemic proved the final blow for a pioneer of long-hindered shale drilling .

Co-founded in 1989 by the late wildlife farmer Aubrey McClendon, Chesapeake soon recognized that horizontal drilling and hydraulic fracturing could unlock vast discoveries of natural gas, a trend that led to a revival of American fossil fuel production and the end made the United States the best oil producer in …


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