The U.S. Justice Department has opened an investigation into allegations that Chesapeake Energy Corp. (CHK) and Encana Corp. (ECA) colluded over Michigan land deals, Reuters reported Monday, citing a source close to the probe.
Reuters reported last week that top executives at the rival natural-gas companies exchanged emails in 2010 on how to avoid driving up land prices in Michigan.
Spokesmen from the Justice Department and Chesapeake declined to comment to Reuters, while a spokesman at Encana didn't immediately respond to requests for comment.
Full story at http://www.reuters.com/article/2012/07/02/us-chesapeake-land-deals-probe-idUSBRE8 117H20120702
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