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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
08/26/201607:00:00Chesapeake Energy Corporation Announces Early Results Of Cash...
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08/17/201606:00:00Chesapeake Energy Corporation Announces Upsize And Pricing Of...
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08/15/201606:01:00Chesapeake Energy Corporation Announces Cash Tender Offers for...
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08/10/201617:53:00Chesapeake Energy to Exit Barnett Shale
08/10/201616:34:00Chesapeake Energy Corporation Agrees To Exit Barnett Shale, Asset...
08/04/201608:30:00Chesapeake Energy Loss Narrows
08/04/201608:26:00Chesapeake Energy Loss Narrows on Lower Asset Write-Downs
08/04/201607:00:00Chesapeake Energy Corporation Reports 2016 Second Quarter Financial...
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