U.S. ends antitrust probe of Chesapeake, Encana

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

The Department of Justice ends its probe of possible antitrust violations by Chesapeake Energy (CHK) and Encana (ECA) related to their land-leasing activities in Michigan, the companies say.

ECA says "The conclusion of their investigation is consistent with the findings of our independent investigation, and of our Board of Directors, that Encana did not engage in collusion with competitors in Michigan in 2010."

CHK and ECA still face state charges in Michigan; both have denied the Michigan charges and said they would fight the allegations.