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UPDATE 1-SandRidge says it is no longer target of antitrust probe

Published 2016-04-15, 09:13 a/m
© Reuters. UPDATE 1-SandRidge says it is no longer target of antitrust probe
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(Adds background about other companies subject to the probe)
April 15 (Reuters) - Oil and gas producer SandRidge Energy
Inc SDOC.PK said on Friday the company was no longer a target
of a federal grand jury probe concerning antitrust violations
related to leasing of oil and gas properties.
The Oklahoma-based company had said in May the leasing
transactions subject to the government's inquiry date from 2012
and prior years.
SandRidge was told in April last year by the U.S. Department
of Justice that it was a target of an Oklahoma grand jury.
The U.S. Department of Justice notified the company of the
end of the probe on Thursday, the company said in a regulatory
filing.
Among the companies subject to a 2012 DOJ probe for
potential antitrust violations related to oil and gas land
leasing were Chesapeake and Canada's Encana Corp ECA.TO .
Chesapeake and Encana said in April 2014, that the DOJ probe
into potential antitrust violations had ended.
The late Aubrey McClendon, who co-founded Chesapeake Energy (NYSE:CHK)
Corp CHK.N , was also under investigation by the DOJ for
potential violations related to leasing oil and gas properties,
and was subsequently charged before his death.
Chesapeake said, in March, it was unlikely to face criminal
prosecution or fines. (http://reut.rs/1QKC0HY)

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