The long-expected bankruptcy of US shale gas pioneer Chesapeake Energy may be an outlier for a sector that has learned to live within its means, but recovering tight oil and associated gas output could add pressure to an already weak US gas market. Chesapeake filed for Chapter 11 bankruptcy protection in late June, as collapsing energy prices challenged its ability to carry over $9bn in debt. The firm will eliminate about $7bn of this under the bankruptcy plan and has secured $925mn in debtor-in-possession financing. It will continue to operate through the process. Oklahoma-based Chesapeake was an early champion of ... (full story)