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Chesapeake Energy: Justice Department Conducting Antitrust Investigation

By Angel Gonzalez HOUSTON--Chesapeake Energy Corp. (CHK) said Thursday that the U.S. Department of Justice is conducting an antitrust investigation into its oil and gas leasing activities. The disclosure comes in the wake of a Reuters report in June that said the company may have colluded with rival Encana Corp. (ECA) while bidding for oil and gas leases in Michigan. Chesapeake said in a quarterly filing with the U.S. Securities and Exchange Commission that the Midwest Field Office of the Department's Antitrust Division had requested documents from the company for a grand jury investigation of possible violation of antitrust laws. Chesapeake said it also has received demands from state governmental agencies related to other investigations of its oil and gas rights leases and purchases. "Chesapeake intends to provide information in response to these investigations, and its Board of Directors is conducting an internal review of the matter," the company said in the filing. Write to Angel Gonzalez at angel.gonzalez@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Chesapeake (CHK)
DateTimeHeadline
05/21/201303:45:43Magnolia Petroleum Participating in 11 Wells in Oklahoma
05/08/201317:20:03MarkWest Energy Swings to 1st-Quarter Loss on Debt-Redemption...
05/08/201315:23:42Judge Approves Early Redemption of Chesapeake Debt
05/03/201309:41:19EQT to Buy Assets, Marcellus Wells from Chesapeake for $113 Million
05/02/201318:32:53Southwestern Energy 1st-Quarter Net Rises 18% on Production Boost
05/01/201308:04:21Chesapeake Energy Swings to 1st-Quarter Profit; Revenue Tops...
04/29/201309:31:43Southwestern Agrees to Buy Marcellus Shale Properties From Chesapeake
04/09/201315:00:16Chesapeake Selling Utica Shale Land - Real-Estate Filings
04/02/201319:42:36Chesapeake Energy Fined $765,000 for Inaccurate Royalty Reports
04/01/201306:58:06Gastar Agrees to Buy Back Chesapeake Stake, Buy Assets and Settle...
03/26/201308:48:21Hess Cites Potential Governance Issues in Dissident Holder's...
03/18/201308:40:57Chesapeake Energy to Sell $2.3 Billion of Senior Notes
03/14/201320:29:32Judge Rejects Chesapeake Request for Preliminary Injunction on...
03/07/201310:32:59Transocean Calls Icahn's Dividend Proposal 'Overly Aggressive'
03/07/201309:57:45Chesapeake Energy Audit Committee Chairman Resigns
03/05/201312:16:57Correction to Western Gas Acquisition Story Wednesday
03/01/201310:10:13SEC Probes Chesapeake Energy CEO Well Perk
02/28/201306:56:03U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
02/27/201318:57:37Western Gas Buys Gas Assets for $624 Million; Swings to 4th-Quarter...
02/26/201302:30:09Cnooc Completes Nexen Buy

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