The actions that resulted in former Chesapeake Energy Corp. chief Aubrey McClendon’s indictment aren’t uncommon across the shale patch, lawyers and analysts said.
Michigan Charges
Michigan charged Chesapeake and Encana Corp. in 2014 with dividing up counties in which each would seek drilling rights before a May 2010 auction, driving bid prices down from $1,510 per acre for that auction to $40 in October. The state settled with Encana in 2014 for $5 million and Chesapeake in 2015 for $25 million.