Former Chesapeake CEO Aubrey McClendon charged with conspiracy
Wednesday, March 2, 2016
Aubrey McClendon is under fire again.
The former Chesapeake Energy CEO and founder of American Energy Partners has been charged with conspiring to suppress prices paid for natural gas and oil leases, according to The New York Times.
According to the source, McClendon is accused of creating a conspiracy in which two oil and gas companies agreed not to bid against one another on several leases in northern Oklahoma between late 2007 and early 2012. The indictment was filed in the U.S. District Court for the Western District of Oklahoma on March 1. McClendon released a statement that denied the charges filed against him.
Last year, Chesapeake Energy sued McClendon, alleging that he stole confidential data and trade secrets when he was forced to step down from his position in 2013.
Read more: The New York Times > Aubrey McClendon, Ex-Head of Chesapeake Energy, Is Charged with Conspiracy
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.