Energy pioneer McClendon dies in fiery car crash, a day after indictment, Former Chesapeake Activity Chief Executive Aubrey McClendon, a audacious risk-taker who helped transform the U.S. activity industry with shale gas, died if his car airtight into an bypass on Wednesday, one day afterwards getting answerable with breaking federal antitrust laws, badge said. He was 56.
McClendon was abandoned in his 2013 Chevy Tahoe if it sped into an beach forth a limited two-lane alley in Oklahoma City, area it access into flames, a badge agent said. The could cause of afterlife will be bent afterwards by a medical examiner, the agent said.
The blast occurred beneath than 24 hours afterwards the U.S. Department of Justice appear that McClendon had been accusable for allegedly colluding to rig bids for oil and gas acreage while he was at Chesapeake. He had denied the charges.
At a columnist conference in Oklahoma City, Captain Paco Balderrama said McClendon was traveling at "well above" the 40 mile per hour acceleration absolute afore he "pretty abundant collection beeline into the wall." He was not cutting a bench belt.
"There was affluence of befalling for him to actual or get aback on the artery and that didn't occur," Balderrama said.
Industry admiral and accompaniment admiral remembered McClendon as a "visionary" who ushered in a new era of U.S. activity affluence by advancing the hydraulic fracturing technology that would alleviate decades' account of calm accustomed gas and oil resources.
Over added than two decades, he congenital Chesapeake from a baby wildcatter into one of the world's better accustomed gas producers afore resigning in 2013, afterwards a accumulated babyminding crisis and broker apropos over his abundant spending
It may yield one to two weeks to complete an analysis into the accident, which occurred about 8 afar (13 km) from American Activity Partners, the aggregation that McClendon founded anon afterwards abrogation Chesapeake.
"Aubrey's amazing leadership, eyes and affection for the activity industry had an appulse on the community, the country and the world. We are abundantly appreciative of his legacy," American Activity Partners said in a statement.
Tuesday's allegation followed a about four-year federal antitrust delving that began afterwards a 2012 Reuters analysis begin that Chesapeake had discussed with a battling how to abolish acreage charter prices in Michigan during a shale-drilling boom. Although the Michigan case was after closed, board baldheaded affirmation of declared bid-rigging in Oklahoma. (http://reut.rs/1TPxUVy)
REVERED FOR HELPING OKLAHOMA
A built-in of Oklahoma, McClendon abounding Duke University afore starting Chesapeake in 1989 with his acquaintance Tom Ward. Ward, who afterwards bankrupt abroad to barrage his own company, SandRidge Activity Inc, alleged McClendon's afterlife "not alone a affecting day for me but a sad day for all of Oklahoma."
McClendon was accepted for his top altruism for accident and debt and for his abundant lifestyle, which included the acquirement of high-end homes, aged boats and an all-encompassing wine cellar. (http://reut.rs/1QUfnHp)
On his watch, Chesapeake busy a agile of planes that shuttled admiral to oil and gas fields - and the McClendon ancestors to abroad anniversary destinations.
Closer to home, McClendon was admired for allowance to bolster the Oklahoma abridgement and abate its better city, including landing its aboriginal above sports franchise, the Oklahoma City-limits Thunder basketball team, in which he had a boyhood stake.
He was "a abstracted who aloft the contour of Oklahoma," Governor Mary Fallin said.
McClendon was one of the foremost leaders of a U.S. activity bang that aerial achievement to the accomplished levels in years, bargain assurance on adopted oil and mobilized new pools of investment basic for mutiny drillers.
"I've accepted Aubrey McClendon for about 25 years. He was a above amateur in arch the beauteous activity renaissance in America," Texas activity broker T. Boone Pickens said in a statement. "He was absorbing and a accurate American entrepreneur. No alone is after flaws, but his appulse on American activity will be long-lasting."
Chesapeake, which had afresh sued McClendon's AEP on accusations of burglary barter secrets, offered condolences.
"Chesapeake is acutely afflicted by the account that we accept heard today and our thoughts and prayers are with the McClendon ancestors during this difficult time," the aggregation said in a statement.
McClendon is survived by his wife, Katie, and their three children, Jack, Callie and Will.
McClendon was abandoned in his 2013 Chevy Tahoe if it sped into an beach forth a limited two-lane alley in Oklahoma City, area it access into flames, a badge agent said. The could cause of afterlife will be bent afterwards by a medical examiner, the agent said.
The blast occurred beneath than 24 hours afterwards the U.S. Department of Justice appear that McClendon had been accusable for allegedly colluding to rig bids for oil and gas acreage while he was at Chesapeake. He had denied the charges.
At a columnist conference in Oklahoma City, Captain Paco Balderrama said McClendon was traveling at "well above" the 40 mile per hour acceleration absolute afore he "pretty abundant collection beeline into the wall." He was not cutting a bench belt.
"There was affluence of befalling for him to actual or get aback on the artery and that didn't occur," Balderrama said.
Industry admiral and accompaniment admiral remembered McClendon as a "visionary" who ushered in a new era of U.S. activity affluence by advancing the hydraulic fracturing technology that would alleviate decades' account of calm accustomed gas and oil resources.
Over added than two decades, he congenital Chesapeake from a baby wildcatter into one of the world's better accustomed gas producers afore resigning in 2013, afterwards a accumulated babyminding crisis and broker apropos over his abundant spending
It may yield one to two weeks to complete an analysis into the accident, which occurred about 8 afar (13 km) from American Activity Partners, the aggregation that McClendon founded anon afterwards abrogation Chesapeake.
"Aubrey's amazing leadership, eyes and affection for the activity industry had an appulse on the community, the country and the world. We are abundantly appreciative of his legacy," American Activity Partners said in a statement.
Tuesday's allegation followed a about four-year federal antitrust delving that began afterwards a 2012 Reuters analysis begin that Chesapeake had discussed with a battling how to abolish acreage charter prices in Michigan during a shale-drilling boom. Although the Michigan case was after closed, board baldheaded affirmation of declared bid-rigging in Oklahoma. (http://reut.rs/1TPxUVy)
REVERED FOR HELPING OKLAHOMA
A built-in of Oklahoma, McClendon abounding Duke University afore starting Chesapeake in 1989 with his acquaintance Tom Ward. Ward, who afterwards bankrupt abroad to barrage his own company, SandRidge Activity Inc, alleged McClendon's afterlife "not alone a affecting day for me but a sad day for all of Oklahoma."
McClendon was accepted for his top altruism for accident and debt and for his abundant lifestyle, which included the acquirement of high-end homes, aged boats and an all-encompassing wine cellar. (http://reut.rs/1QUfnHp)
On his watch, Chesapeake busy a agile of planes that shuttled admiral to oil and gas fields - and the McClendon ancestors to abroad anniversary destinations.
Closer to home, McClendon was admired for allowance to bolster the Oklahoma abridgement and abate its better city, including landing its aboriginal above sports franchise, the Oklahoma City-limits Thunder basketball team, in which he had a boyhood stake.
He was "a abstracted who aloft the contour of Oklahoma," Governor Mary Fallin said.
McClendon was one of the foremost leaders of a U.S. activity bang that aerial achievement to the accomplished levels in years, bargain assurance on adopted oil and mobilized new pools of investment basic for mutiny drillers.
"I've accepted Aubrey McClendon for about 25 years. He was a above amateur in arch the beauteous activity renaissance in America," Texas activity broker T. Boone Pickens said in a statement. "He was absorbing and a accurate American entrepreneur. No alone is after flaws, but his appulse on American activity will be long-lasting."
Chesapeake, which had afresh sued McClendon's AEP on accusations of burglary barter secrets, offered condolences.
"Chesapeake is acutely afflicted by the account that we accept heard today and our thoughts and prayers are with the McClendon ancestors during this difficult time," the aggregation said in a statement.
McClendon is survived by his wife, Katie, and their three children, Jack, Callie and Will.
Blogger Comment
Facebook Comment