Chesapeake Energy

Chesapeake Energy is an American company primarily engaged in the exploration and production of oil and natural gas. Founded in 1989 and headquartered in Oklahoma City, it has become one of the largest producers of natural gas in the United States. The company focuses on acquiring and developing unconventional natural gas and oil reserves, particularly in areas such as the Marcellus Shale and the Barnett Shale. Chesapeake Energy is known for its significant role in the natural gas industry and for pioneering the use of technologies like hydraulic fracturing and horizontal drilling, which have revolutionized energy production in the U.S. Over the years, it has faced various financial challenges, including bankruptcy proceedings, particularly due to fluctuations in commodity prices and high levels of debt.