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https://mundo.sputniknews.com/economia/202006291091905318-la-productora-estadounidense-de-esquisto-chesapeake-se-declara-en-bancarrota/
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MOSCOW (Sputnik) – American company Chesapeake Energy, one of the pioneers of the fracking industry, has filed for bankruptcy and asked for protection to restructure its debt, according to a statement from the company.
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“The company has voluntarily filed for Chapter 11 (bankruptcy) protection in the United States Bankruptcy Court for the Southern District of Texas to facilitate a comprehensive balance sheet restructuring,” the note says.
Chesapeake will implement a reorganization plan to “eliminate approximately $ 7 billion of debt,” it explains.
The company reached an agreement with creditors to obtain financing of $ 925 million. In addition, creditors and secured note holders will award Chesapeake $ 600 million.
In late May, the International Energy Agency warned in its report that investments in the US shale industry would drop 50% in 2020 from last year due to the COVID-19 pandemic.
According to the IEA, the United States this year registers the largest cut in investment in the energy sector in history, more than 25% compared to 2019, mainly due to the drop in spending in the oil and gas industry.
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