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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
07/28/201516:00:00Lonestar Announces Joint Development Agreement With IOG Capital
07/21/201510:20:08Chesapeake Energy to Drop Dividend
07/21/201510:05:56Chesapeake to Eliminate Dividend to Pay for Capital Spending
07/21/201507:01:00Chesapeake Energy Corporation Updates Financial Strategy
07/11/201510:30:03Why Chesapeake Energy, Clean Energy Fuels, and Legacy Reserves...
07/11/201507:11:033 Types of Risks Facing Natural Gas Stocks
07/10/201517:09:17Judge Orders Chesapeake to Pay $379.7 Million in Bond-Redemption...
06/12/201516:27:443 Stocks to Watch in Oil Rigs
06/05/201513:04:02How Energy Companies Are Raising Cash In A Pinch
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05/29/201516:03:025 Best Stocks to Invest in the Shale Boom
05/20/201518:32:02Why EOG Resources Is a Buy Amidst Oil Carnage
05/20/201512:15:10What Is the S&P 500 Index?
05/15/201522:41:08
05/15/201521:10:47Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/15/201516:21:53Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/15/201515:53:14Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/12/201516:57:35Aubrey McClendon's American Energy Partners Seeks Capital for...
05/11/201511:40:11Icahn Enterprises Reports Profit
05/11/201510:03:023 Fossil Fuel Stock Fails

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