Violation Tracker Individual Record
Company:
Chesapeake Energy Corp.
Current Parent Company:
Chesapeake Energy
Penalty:
$25,000,000
Year:
2015
Date:
April 24, 2015
Primary Offense:
price-fixing or anti-competitive practices
Violation Description:
Chesapeake Energy Corp. agreed to pay $25 million to a victims compensation fund in settlement of allegations it conspired with Encana Oil & Gas to avoid bidding wars for Michigan oil and gas leases. It also pleaded guilty to one count of attempted antitrust violations, a misdemeanor, and one count of false pretenses, a misdemeanor. Criminal sentencing was suspended on condition of abiding by settlement terms. Encana settled the allegations against it in 2014
Level of Government:
state
Action Type:
agency action
Agency:
Michigan Attorney General
Civil or Criminal Case:
criminal
Private Lawsuit Resolution Type:
settlement
Facility State:
Michigan
HQ Country of Parent:
USA
HQ State of Parent:
Oklahoma
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
oil and gas
Specific Industry of Parent:
oil & gas
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
