5min chapter

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Pioneering Fracking Company Chesapeake Energy Goes Bust

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CHAPTER

Chesapeake's Bailout

Chesapeake is one of several deeply indebted shale companies that did receive some funding through the CARES Act. Williams-Derry: "It's not so much technically it doesn't feel to me like a bailout" The company will continue operating with $7 million of its debt as a holding company, he says. We'll have another episode for you this Friday and then we are going to take a little break to produce the next investigative season in July.

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