Mcclendon

Chesapeake Energy Corp. and the estate of Aubrey McClendon have agreed to settle claims regarding the late co-founder and former CEO.

Chesapeake Energy Corp. said Thursday it has received subpoenas from the U.S. Department of Justice (DOJ) and some states in connection with an investigation into whether it violated antitrust laws regarding natural gas and oil leasehold purchases, royalty payment practices and accounting methods for acquiring and classifying properties.

Oklahoma City investigators have found no evidence that Aubrey McClendon committed suicide when he died in a one-vehicle crash in March (see Shale Daily,March 2). The chairman of American Energy Partners LP and the former CEO of Chesapeake Energy Corp. died one day after he was indicted by a federal grand jury on bid-rigging charges. Interviews and a review of emails and mobile phone record concluded that McClendon’s death was not a homicide. An investigation by the Oklahoma medical examiner found no alcohol in his system. A final crash report in March showed that McClendon, 56, made no serious attempt to slow the 2013 Chevrolet Tahoe he was driving, which slammed into a concrete embankment at 78 mph.

American Energy Partners LP, created by Aubrey McClendon in 2013 after he left Chesapeake Energy Corp., will be closed in the next few months, the company said.

A Permian Basin exploration company formed by the late Aubrey McClendon has been renamed and management beefed up as it transitions to a standalone operator, management said Wednesday.

Prosecutors in Oklahoma have moved to drop charges against Aubrey McClendon for his alleged role in a rig bidding conspiracy, following his untimely death Wednesday. However, an ongoing federal investigation continues into price fixing, bid rigging and other anticompetitive conduct in the oil and natural gas industry, officials said.

Aubrey McClendon, who died suddenly on Wednesday, was considered an ambitious risk-taker, a dreamer, at times reckless and shrewd, but there is no denying that for a time, as the chief architect of Chesapeake Energy Corp., he was the King of Shale, overseeing the largest store of natural gas leaseholds in the country.

Aubrey McClendon, who died suddenly on Wednesday, was considered an ambitious risk-taker, a dreamer, at times reckless and shrewd, but there is no denying that for a time, as the chief architect of Chesapeake Energy Corp., he was the King of Shale, overseeing the largest store of natural gas leaseholds in the country.

Prosecutors in Oklahoma are dropping charges against Aubrey McClendon for his alleged role in a bid rigging conspiracy, following his untimely death Wednesday. However, an ongoing federal investigation continues into price fixing, bid rigging and other anticompetitive conduct in the oil and natural gas industry, officials said.