Tuesday, October 26, 2021
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Kansas lawsuit filed over oil, gas leasehold interests sale

🕐 1 min read

KANSAS CITY, Kan. (AP) — A $30 million lawsuit has been filed against Chesapeake Energy Corp., formerly headed by Oklahoma energy executive Aubrey McClendon, and another company alleging a conspiracy led to a third party’s sale of oil and gas leasehold interests for artificially depressed prices.

The Kansas City Star (http://bit.ly/2a4e2yY ) reports that Chisholm Partners LLC filed the lawsuit in Kansas City. Chisholm sold the interests to Chesapeake Energy.

According to the lawsuit, Chesapeake and SandRidge Energy were active bidders for oil and gas leasehold interests in the Anadarko Basin Region in Kansas and Oklahoma in 2011 and 2012.

The lawsuit says Chesapeake and SandRidge illegally divided up the area in Kansas and agreed to not compete and drive up prices for the leasehold interests there.

McClendon died in a fiery one-car crash the day after he was indicted by a federal grand jury in March.

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