Aubrey McClendon

americanenergypartners.com

Chesapeake Energy Corp. has withdrawn its claim for more than $455 million against the estate of late former CEO Aubrey McClendon.

It's part of a settlement of a 2015 lawsuit in which the company alleged McClendon took trade secrets when he left Chesapeake and used the information for his new company.

An Oklahoma City probate judge approved the settlement Thursday.

The Wall Street Journal reports on the tangle of obligations and assets left behind by the late Aubrey McClendon, as more than $600 million in claims against his estate seek resolution.

Once the sale closes, Oaktree Capital Group LLC will release its claim on the cash distributions McClendon was entitled to receive from his approximately 20 percent stake in the Thunder.

There's no evidence that Aubrey McClendon, the oil industry veteran who died one day after being charged with antitrust conspiracy, meant to kill himself when his car hit a wall at high speed in March, police say.

"Our investigators found no information which would compel us to believe this was anything other than a vehicular accident," Oklahoma City Police Department spokesman Capt. Paco Balderrama tells NPR. He also said that the final report will not be released to the public.

americanenergypartners.com

American Energy Partners, the Oklahoma City-based oil and natural gas company founded by the late energy tycoon Aubrey McClendon, is shutting down.

The company's leadership team released a statement Wednesday saying it had decided to wind down operations but the five independent companies it had launched wouldn't be affected.

Joe Wertz / StateImpact Oklahoma

Oklahoma City police on Monday released new details on the fiery single-car crash that killed former Chesapeake Energy CEO Aubrey McClendon a day after his federal indictment.

Investigators say the energy executive and part-owner of the Oklahoma City Thunder was driving 78 miles per hour when he struck a concrete overpass the morning of March 2.

Police say McClendon was alone in the SUV, was not wearing a seatbelt, and made no effort to hit the brakes or avoid the wall.

Reuters published a special report this weekend, detailing the final days and deals of Aubrey McClendon.

As advanced drilling technology opened untapped sources of oil and natural gas, it triggered fierce competition among energy companies to scoop up rights to drill on vast swaths of land across the country.

The rush caused lease prices to skyrocket in the most promising fields. In a few cases, gas companies responded by cutting secret deals to rig the bidding and hold down their costs. Federal officials are now investigating to see if these shady practices are more common than believed.

This Week in Oklahoma Politics, KOSU's Michael Cross talks with Republican Political Consultant Neva Hill and ACLU Oklahoma Executive Director Ryan Kiesel about the tragic death of former Chesapeake CEO Aubrey McClendon and Super Tuesday.

The trio also discuss the ruling that the opt-out provision for workers compensation is unconstitutional and a state question on the "Right to Farm" faces a constitutional challenge. 

Attorneys representing a Colorado man who owns mineral rights in Oklahoma have filed a federal lawsuit Thursday against two large oil and gas companies.

The class-action lawsuit was filed against Chesapeake Energy and Sandridge Energy. It stems from a federal grand jury indictment Tuesday of former Chesapeake CEO Aubrey McClendon.

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