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Chesapeake (NYSE:CHK) let Aubrey McClendon profit from Barnett Shale oil and gas wells while...

Aug. 23, 2012 6:02 PM ETChesapeake Energy Corporation (CHK) StockCHKBy: Carl Surran, SA News Editor5 Comments
Chesapeake (NYSE:CHK) let Aubrey McClendon profit from Barnett Shale oil and gas wells while denying the same chance to leaseholders on the properties, according to a new lawsuit. The CEO was allowed to purchase a 1%-2% interest in wells drilled by CHK, using his stake in the wells as collateral; CHK was contractually obligated to offer leaseholders a similar deal, the plaintiffs say.

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