Chesapeake Energy Corp. said it may be unable to stay in business if oil and natural gas prices remain depressed, underscoring the challenges faced by drillers still trying to regain their footing from when commodity prices collapsed in 2014 and 2015. The Oklahoma City-based company said Tuesday there was “substantial doubt” about its ability to continue as a going concern if oil and gas prices don’t rise. Chesapeake said certain terms of its loan agreements will tighten gradually over the next four quarters, heightening...

Source: Wall Street Journal November 05, 2019 16:41 UTC