| US Justice Department investigating Chesapeake Energy | |
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OKLAHOMA CITY (AP) -- The U.S. Department of Justice has opened an investigation into possible antitrust violations by Chesapeake Energy Corp.
The Journal Record reports (http://bit.ly/2dwWCJ5 ) the agency has subpoenaed documents related to how the driller pays royalty owners and accounts for oil and gas reserves.
Chesapeake disclosed the subpoena Thursday in a regulatory filing with the U.S. Securities and Exchange Commission. University of Central Oklahoma economics professor Jeremy Oller, an expert witness on antitrust legal matters, says the Justice Department is likely examining other oil and gas companies as part of the investigation.
The filing says the Justice Department and other agencies have asked Chesapeake for documents, testimony and information related to the company's oil and gas leases and purchases. The company also received subpoenas from the U.S. Postal Service and state agencies.
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Chesapeake Energy Corporation
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DEVELOPMENT STAGE |
CODE : CHK |
ISIN : US1651671075 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Chesapeake Energy is a producing company based in United states of america. Chesapeake Energy develops natural gas and oil in USA. Its main asset in development is DEEP BOSSIER in USA. Chesapeake Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 82.1 billions as of today (€ 76.7 billions). Its stock quote reached its lowest recent point on March 13, 2020 at US$ 0.12, and its highest recent level on November 18, 2022 at US$ 99.94. Chesapeake Energy has 909 242 558 shares outstanding. |