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Emails: Encana Tipped Off Chesapeake to Land Plans in Michigan -Reuters

Rival natural gas producers Encana Corp. (ECA.T, ECA) and Chesapeake Energy Corp. (CHK) shared sensitive information concerning Michigan land deals that allowed Chesapeake to alter its strategy and gain an upper hand in talks with Michigan land owners, Reuters reported Wednesday, citing documents and emails it reviewed. Emails show that Encana and Chesapeake traded information about Encana's plans on halting new land leasing in Michigan in 2010, and the information allowed Chesapeake to change its own leasing strategy in weeks following that helped cause Michigan land prices to drop dramatically from record highs, the report said. The two companies are currently under review by the Justice Department and Michigan authorities over possible violations of federal and state laws through their discussions about land prices in the state, Reuters said. Chesapeake declined to comment to Reuters on its discussions with Encana. Full story at http://www.reuters.com/article/2012/07/11/us-chesapeake-encana-land-idUSBRE86A0G620120711 Write to nymonitoring@dowjones.com

Stock News for Chesapeake (CHK)
DateTimeHeadline
02/27/201509:23:51Icahn Investments Hit by Energy, Posts First Annual Loss Since...
02/27/201508:57:20Icahn's Investments Again Hit by Energy Prices
02/26/201510:44:02MARKET SNAPSHOT: S&P End Little Changed; Dow Ekes Out Record...
02/25/201517:06:21Dow Inches Up to a New Record
02/25/201515:35:14MARKET SNAPSHOT: U.S. Stocks Turn Lower In Late Trading
02/25/201514:04:14Chesapeake Energy Cuts Rig Operations -- Update
02/25/201513:56:22MARKET SNAPSHOT: U.S. Stocks Edge Higher To Record Levels
02/25/201511:36:03MARKET SNAPSHOT: U.S. Stocks Retreat From Records As Investors...
02/25/201511:35:13MARKET SNAPSHOT: U.S. Stocks Retreat From Records Ahead Of Yellen...
02/25/201509:15:11MARKET SNAPSHOT: U.S. Stocks: Wall Street Awaits More Action...
02/25/201508:08:00Chesapeake Energy Cuts Rig Operations After Disappointing Earnings
02/25/201507:54:16MARKET SNAPSHOT: U.S. Stocks: Wall Street Set To Take A Breather...

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