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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
05/18/201621:57:00American Energy Partners LP to Shut Down -- Update
05/16/201618:55:00SandRidge Energy Files for Bankruptcy Protection -- 2nd Update
05/16/201615:08:00SandRidge Energy Files for Bankruptcy Protection -- 2nd Update
05/12/201616:27:00Chesapeake Swaps Debt for Stock -- Update
05/12/201610:30:00Chesapeake Swaps Debt for Stock
05/12/201610:15:00Chesapeake Energy Swaps Debt for Stock
05/06/201603:03:00Energy Producer Narrows Its Loss -- WSJ
05/05/201610:10:00Chesapeake Energy Loss Narrows
05/05/201609:58:00Chesapeake Energy Loss Narrows; to Sell Some Assets
05/05/201608:18:00Newfield to acquire an additional 42,000 net acres in STACK
05/05/201608:15:00Chesapeake Energy Corporation Reports 2016 First Quarter Financial...
05/02/201618:40:00Statoil Sells Marcellus Assets to EQT for $407 Million
04/20/201616:01:00Chesapeake Energy Corporation Provides 2016 First Quarter Earnings...
04/12/201602:31:00Business Watch -- WSJ
04/11/201615:23:00Chesapeake Amends Credit Facility Agreement With Lenders -- Update
04/11/201611:05:00MARKET SNAPSHOT: Stocks Extend Gains As Oil Rallies Ahead Of...
04/11/201609:40:00Chesapeake Amends Credit Facility Agreement With Lenders
04/11/201609:25:00Chesapeake Amends Credit Facility Agreement With Lenders
04/11/201608:00:00Chesapeake Energy Corporation Announces Amendment To Revolving...
04/04/201620:02:00EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class...

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