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Aubrey McClendon indicted

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  • Aubrey McClendon indicted

    http://newsok.com/aubrey-mcclendon-i...rticle/5482220

    His actions put company profits ahead of the interests of leaseholders entitled to competitive bids for oil and gas rights on their land," Assistant Attorney General Bill Baer, of the Justice Department said.
    Going to be interesting to see how this plays out.


    “Innovation is driven by having access to things.” -- Gleb Budman, CEO of backblaze.com

  • #2
    http://www.reuters.com/article/us-us...-idUSKCN0W35Y7

    The Justice Department indictment paves the way for what may be one of the highest-profile criminal antitrust cases against a well-known U.S. CEO in decades, and could thrust McClendon, a controversial figure whose aggressive leasing tactics are legendary in the energy industry, into the highest-stakes legal battle of a decades-long career.
    #ididntdoit


    “Innovation is driven by having access to things.” -- Gleb Budman, CEO of backblaze.com

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    • #3
      Well, as for NGVs he did one thing right in putting a couple thousand bi-fuel pickups into service with Chesapeake, which in turn sparked many other gas producers to do likewise. I should imagine the incremental cost of the CNG systems have paid off by now.

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      • #4
        Wow, shocking death of Aubry McClendon today. Let's take up the discussion thread here:
        http://www.cngchat.com/forum/forum/w...ngle-car-crash

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