Former CEO Indicted on March 1st for Masterminding Conspiracy Not to Compete for Oil & Gas Leases; Dead on March 2nd, Age 56

Big boys play bad…

Mining Awareness +

The former Chesapeake CEO died in an auto accident at age 56, one day after being indicted by the USDOJ.

Chesapeake, along with two other companies, is being sued by the Sierra Club over earthquakes believed generated by its waste disposal wells (See post bottom). Chesapeake also is said to have blocked research into impacts of fracking: https://miningawareness.wordpress.com/2015/06/05/us-epa-fracking-findings-likely-contaminated-by-industry-along-with-water/

From the US DOJ:
FOR IMMEDIATE RELEASE
Tuesday, March 1, 2016
Former CEO Indicted for Masterminding Conspiracy Not to Compete for Oil and Natural Gas Leases

Aubrey K. McClendon has been charged by a federal grand jury with conspiring to rig bids for the purchase of oil and natural gas leases in northwest Oklahoma, the Department of Justice announced today.

The indictment alleges that McClendon orchestrated a conspiracy between two large oil and gas companies to not bid against each other for the purchase of certain oil and natural gas leases…

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One thought on “Former CEO Indicted on March 1st for Masterminding Conspiracy Not to Compete for Oil & Gas Leases; Dead on March 2nd, Age 56

  1. Zero Hedge – “It’s A Depression” – The Disturbing Email A Houston CEO Sent His Soon To Be Laid Off Employees
    This is the email that David Little, Chairman and CEO of Houston-based DXP Enterprises sent to his employees to explain why, “due to bank obligations and to continue a positive cash flow profile” the company has to freeze 401(k), why it is cutting pay in some cases as much as 60% and why many employees are about to lose their jobs in the middle of what is an “oil and gas depression.” It is a disturbing read.

    http://www.zerohedge.com/news/2016-03-04/its-depression-disturbing-email-houston-ceo-sent-his-soon-be-laid-employees

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