Chesapeake subpoenaed by DOJ, states over royalty payments

Nov. 06, 2014 2:33 PM ETChesapeake Energy Corporation (CHK)CHKBy: Carl Surran, SA News Editor1 Comment
  • Chesapeake Energy (CHK -0.3%) discloses that it has received subpoenas from the U.S. Justice Department and states seeking information on its royalty payment practices to mineral owners.
  • CHK is facing several lawsuits from landowners and others who say it has underpaid royalties for natural gas and natural gas liquids through the use of improper deductions or below-market pricing.
  • CHK, which also is being probed by the DoJ and states over possible antitrust violations related to land purchases, says it is responding to the subpoenas.

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