May 2010 Auction, bid prices $1,510 per acre

TSV Montney whats it worth to the directors

The actions that resulted in former Chesapeake Energy Corp. chief Aubrey McClendon’s indictment aren’t uncommon across the shale patch, lawyers and analysts said.

Michigan Charges

Michigan charged Chesapeake and Encana Corp. in 2014 with dividing up counties in which each would seek drilling rights before a May 2010 auction, driving bid prices down from $1,510 per acre for that auction to $40 in October. The state settled with Encana in 2014 for $5 million and Chesapeake in 2015 for $25 million.


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