Chesapeake Absolves Chief in Internal Probe of Gas-Well Loans

Chesapeake Absolves Chief in Internal Probe of Gas-Well Loans

Daniel Acker/Bloomberg

Chesapeake Energy Corp. has been selling oilfields, cutting jobs, reducing drilling and postponing debt reduction to plug a cash-flow shortfall triggered by a plunge in the price of natural gas, which accounts for 80 percent of the company’s output.