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Chesapeake, Encana USA Plead Not Guilty In Michigan Lease Case

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Bloomberg
March 21, 2014

Chesapeake Energy Corp. and the U.S. unit of Encana Corp., rivals in developing American oil and gas resources, pleaded not guilty to conspiring to avoid competing for leases in Michigan.

Company representatives entered the pleas March 19 before a state court judge in Cheboygan, Mich. Encana is Canada’s biggest natural gas producer. Chesapeake is the second-largest gas producer in the U.S.

Michigan Attorney General Bill Schuette said March 5 that the companies violated state antitrust laws by agreeing in which counties each would bid before a May 2010 auction for ...


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