Chesapeake Energy

Chesapeake Energy is an American company that focuses on exploring and extracting natural gas and oil, primarily from shale formations. Founded in 1989, it has played a significant role in the U.S. energy sector, especially during the shale boom, which increased domestic energy production. Chesapeake is known for its innovative drilling techniques, such as hydraulic fracturing (fracking), which allows access to previously unreachable resources. The company's operations impact energy markets, environmental discussions, and local economies, as it engages in both exploration and production of fossil fuels, which are pivotal for energy supply but also raise various environmental concerns.