• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Does Toyota Know Something That We Don’t?
  • 5 days World could get rid of Putin and Russia but nobody is bold enough
  • 17 hours America should go after China but it should be done in a wise way.
  • 7 days China is using Chinese Names of Cities on their Border with Russia.
  • 8 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 8 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 8 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 7 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 8 days Putin and Xi Bet on the Global South
  • 8 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 9 days United States LNG Exports Reach Third Place
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs

No Indications of Suicide in McClendon Death

Following a two-month investigation, police have not found any evidence to suggest that former Chesapeake Energy CEO Aubrey McClendon’s death was a suicide.

McClendon perished on March 2nd when his vehicle struck a wall, only one day after he was indicted on allegations of rigging Oklahoma oil and gas lease prices. Oklahoma City Police Captain Paco Balderrama said that police have examined the wreckage and have interviewed McClendon’s family and associates. Balderrama said that there was nothing to indicate that the incident was anything beyond an accident.

The investigation also included McClendon’s emails and mobile phone records. The investigation’s conclusions do not rule out suicide, and do not give the manner of McClendon’s death. The crash report released in March indicated that McClendon apparently did not try to stop his SUV when the crash occurred. The report states that the SUV was traveling 78 miles per hour.

The indictment by a federal grand jury alleged that McClendon fostered a conspiracy between two oil and natural gas companies that agreed not to bid against one another. The indictment indicated that the alleged conspiracy suppressed prices paid to leaseholders. According to the indictment, the “winner” of the leases would then provide interests in the leases to the other company. The indictment also states that the conspiracy took place while McClendon was CEP of Chesapeake, which is based in Oklahoma.

Related: India Putting Floor Beneath Oil Prices As Demand Continues To Soar

McClendon was a co-founder of Chesapeake and was the company’s CEO until he was ousted by shareholders in 2013. Under McClendon, the company became the largest natural gas producer in the United States, and one of the most active drillers.

By Lincoln Brown for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News