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Jun 25, 2012
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Reuters reports that Chesapeake Energy and Encana Corporation may have violated antitrust laws to keep land prices from escalating
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A Reuters investigation reveals that Chesapeake Energy and Encana Corporation may have violated state and federal antitrust laws when the two companies developed proposals for working together to avoid price hikes that resulted from the two competing for land in the Collingwood Shale formation in Northern Michigan. Although representatives from the two companies say that this was simply a discussion about forming a joint venture in Michigan, emails from June through October 2010 show top executives for both Chesapeake and Encana discussing in great detail proposals for the two companies to divide territory in Michigan and avoid competitive bidding, the article said. For more, read the full story here.
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Posted by
M. Warnock
in
United States
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