ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CHK Chesapeake Energy Corporation

89.745
0.665 (0.75%)
Last Updated: 16:41:25
Delayed by 15 minutes
Share Name Share Symbol Market Type
Chesapeake Energy Corporation NASDAQ:CHK NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.665 0.75% 89.745 89.74 89.75 90.015 88.95 89.08 329,319 16:41:25

Aubrey McClendon Crashed at 78 Miles an Hour, Investigation Finds--3rd Update

14/03/2016 7:40pm

Dow Jones News


Chesapeake Energy (NASDAQ:CHK)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Chesapeake Energy Charts.
By Erin Ailworth 

U.S. shale pioneer Aubrey McClendon hit speeds of 89 miles an hour just before his Chevy Tahoe slammed into a concrete bridge earlier this month in a fatal crash, according to a report issued Monday afternoon by the Oklahoma City Police Dept.

Mr. McClendon's SUV, which was fitted to run on compressed natural gas instead of gasoline, crossed the centerline more than 60 yards before the crash. He wasn't wearing a seat belt, the Oklahoma City Police said.

Data recovered from the vehicle's black box showed that Mr. McClendon tapped his brakes several times before the crash, but didn't truly brake, a spokesman for the police department said. His Tahoe hit a concrete embankment at roughly 78 miles an hour.

The Oklahoma City medical examiner's office didn't find any evidence of a health emergency with Mr. McClendon before his accident, said Bill Citty, police chief for the department. He wouldn't speculate on whether Mr. McClendon committed suicide, and said the police investigation is ongoing.

Police are in the process of checking cellphone records for Mr. McClendon and talking to friends and associates about his state of mind and activities on March 2, the day of the crash, and before the accident.

The day before he died, Mr. McClendon was indicted on a federal antitrust charge after a lengthy U.S. Justice Department investigation. The former chief executive of Chesapeake Energy Corp. was accused of conspiring with a second company to rig bids for the price of oil-and-gas leases between 2007 and 2012.

Mr. McClendon adamantly denied the charge.

"I am proud of my track record in this industry, and I will fight to prove my innocence and clear my name," he said in a statement through his attorney on the night the indictment was announced.

Mr. McClendon was in his Oklahoma City office early the next morning, strategizing how to do just that, according to a person familiar with the matter.

He left the office and at the time of the crash appeared to be driving back roads north and west through Oklahoma City toward Arcadia, where he owned a tree farm and a soda fountain.

Write to Erin Ailworth at Erin.Ailworth@wsj.com

 

(END) Dow Jones Newswires

March 14, 2016 15:25 ET (19:25 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

1 Year Chesapeake Energy Chart

1 Year Chesapeake Energy Chart

1 Month Chesapeake Energy Chart

1 Month Chesapeake Energy Chart

Your Recent History

Delayed Upgrade Clock