OKC Thunder part-owner dies in car crash one day after indictment



Oklahoma City Thunder part-owner Aubrey McClendon died in a one-car crash on Wednesday morning, according to Oklahoma City police. He was 56 years old.

News9.com reported earlier Wednesday that an Oklahoma City fire department spokesperson said the crash happened just after 9 a.m. local time, after a car slammed into a bridge on Midwest Boulevard between Memorial and 122nd in Northeast Oklahoma City, with one person dying in the crash.

Capt. Paco Balderrama of the Oklahoma City Police Department told reporters that McClendon’s 2013 Chevy Tahoe went “left of center, traveling at a high rate of speed,” and collided into an embankment wall of an overpass.

“His vehicle was engulfed in flames immediately, and he did not survive the accident,” Balderrama said.

OKC police will need one to two weeks to completely finish their investigation, but Balderrama noted that it appeared the speed at which McClendon was traveling “was most definitely a factor” in the fatality.

“I am overcome with grief,” Thunder chairman Clayton I. Bennett wrote in a team statement issued Wednesday evening. “Aubrey McClendon was a visionary community leader, a trusted business partner and a passionate member of the Thunder family. But more than anything, he was a brother and a dear friend.

“His love of his community and his desire to make Oklahoma a better place will forever inspire all of us. Louise and I offer our love and prayers to Katie and the McClendon family.”

The crash came one day after a federal grand jury indicted McClendon was indicted by the U.S. Department of Justice and charged with conspiring to rig bidding oil and natural gas leases in violation of the Sherman Antitrust Act between 2007 and 2012, when he served as CEO of Chesapeake Energy Corporation, the company that since 2011 has held the naming rights to the arena in which the Thunder play. Under scrutiny over mixing of personal and corporate finances, McClendon stepped down as Chesapeake’s CEO in April 1, 2013; the next day, he founded American Energy Partners, another large private oil and natural gas company.

The U.S. Department of Justice charged that McClendon “orchestrated a conspiracy between two large oil and gas companies to not bid against each other for the purchase of certain oil and natural gas leases in northwest Oklahoma,” suppressing prices paid to leaseholders and putting “profits ahead of the interests of leaseholders entitled to competitive bids for oil and gas rights on their land.” The violations with which McClendon was charged carry a maximum penalty of 10 years in prison and a $1 million fine for individuals.

He denied the U.S. Department of Justice’s claims on Tuesday.

“Anyone who knows me, my business record and the industry in which I have worked for 35 years, knows that I could not be guilty of violating any antitrust laws,” he said in a statement, according toAdam Wilmoth of The Oklahoman. “All my life I have worked to create jobs in Oklahoma, grow its economy, and to provide abundant and affordable energy to all Americans. I am proud of my track record in this industry, and I will fight to prove my innocence and to clear my name.”

McClendon was scheduled to appear in court later Wednesday, according to Clifford Krauss of the New York Times.

Balderrama said Wednesday that there was “no indication” that McClendon attempted to stop his car from crashing, and that he was going well above the posted 40 miles per hour speed limit at the time of the crash.

“There was a plenty of opportunity for him to correct or get back on the roadway and that didn’t occur,” Balderrama said, according to Jeff Zillgitt of USA TODAY.


McClendon was alone in his 2013 Chevy Tahoe when it sped into an embankment along a remote two-lane road in Oklahoma City, where it burst into flames, a police spokesman said. The cause of death will be determined later by a medical examiner, the spokesman said.

The crash occurred less than 24 hours after the U.S. Department of Justice announced that McClendon had been indicted for allegedly colluding to rig bids for oil and gas acreage while he was at Chesapeake. He had denied the charges.

At a press briefing in Oklahoma City, Captain Paco Balderrama said McClendon was traveling at “well above” the 40 mile per hour speed limit before he “pretty much drove straight into the wall.” He was not wearing a seat belt.



cars that dont stop and do whatever they are “controlled” to do?

“there was “no indication” that McClendon attempted to stop his car from crashing, and that he was going well above the posted 40 miles per hour speed limit at the time of the crash.”

strange way to suicide?

“he “pretty much drove straight into the wall.” He was not wearing a seat belt.”


“The crash came one day after a federal grand jury indicted McClendon. He was indicted by the U.S. Department of Justice and charged with conspiring to rig bidding oil and natural gas leases in violation of the Sherman Antitrust Act between 2007 and 2012, when he served as CEO of Chesapeake Energy Corporation”

timing..dead men tell no tales..reckless billionaire indeed..


~ by seeker401 on March 4, 2016.

34 Responses to “OKC Thunder part-owner dies in car crash one day after indictment”

  1. Chesapeake, Encana face criminal antitrust charges in Michigan –

    March 05, 2014

    (Reuters) – Oil and gas giants Chesapeake Energy and Encana Corp were charged on Wednesday with colluding to keep oil and gas lease prices artificially low in Michigan, state Attorney General Bill Schuette said.

    The criminal charges follow a lengthy investigation by Schuette’s office into whether the firms — the biggest land leasers during a speculative oil and gas leasing boom in Michigan’s Collingwood Shale region during 2010 — colluded to keep prices from rising as they acquired land leases from landowners.

    Michigan began looking into the companies’ activities in 2012 after a Reuters investigation found that executives from the two firms discussed proposals to divide bidding responsibilities in the state for nine private landowners and counties in Michigan.

    “I will aggressively prosecute any company who conspires to break the law,” Schuette said in a statement.

    The companies are being charged with one count each of antitrust violations “relating to a contract or conspiracy in restraint of commerce,” and one count each of attempted antitrust violations.

    Under Michigan law, an antitrust violation is considered a misdemeanor, which carries penalties that can include fines and prison terms of up to two years for individuals, and up to a $1 million fine for a corporation.

    Encana and Chesapeake still face a separate, federal antitrust investigation by the Department of Justice.

    “This action has no merit and we will vigorously contest it,” said Chesapeake spokesman Gordon Pennoyer.

    Encana denies the charges and will “vigorously defend” them, company spokesman Jay Averill said in a statement.

    The boards of both Chesapeake and Encana previously conducted internal investigations and said they found no collusion. The companies have acknowledged holding talks about forming a joint venture in Michigan during 2010, but said no agreement was ever reached.

    “No agreement was reached and no violation of antitrust law occurred,” Averill added.

    In emails reviewed by Reuters in its investigation, then Chesapeake CEO Aubrey McClendon and other high-ranking Chesapeake and Encana executives discussed in 2010 how to keep lease prices on both state and private lands from rising by avoiding “bidding each other up.”(r.reuters.com/deg27v)

    The discussions occurred after a land lease frenzy pushed Michigan prices on private lands as high as $3,000 per acre in mid-2010. Lease prices subsequently fell sharply in the state later that year.

    After prices rose sharply amid intense bidding at a Michigan state land auction in May 2010, “Chesapeake and Encana agreed not to bid against each other in future lease auctions,” the Michigan Attorney General alleges in its complaint, reviewed by Reuters. A subsequent state auction in October 2010 “raised just $10 million on the lease of 273,000 acres, or less than $40 per acre — over $1,000 per acre less than the May 2010 prices,” the complaint says.

    Documents reviewed by Reuters, and first reported in June 2012, show that former Chesapeake CEO McClendon and Jeff Wojahn, the former president of Encana’s U.S. unit, were aware of the proposed auction bidding strategy. “Understand our teams are working on a cooperative approach to state leasing, that’s good I think. Anything else out there encouraging to talk about?” McClendon wrote in an email to Wojahn on October 17, 2010.

    That chain of internal communications between Chesapeake and Encana executives could help Michigan’s case, one legal expert said.

    “I think the Michigan Attorney General has a strong hand in this case. They have strong evidence and some strong documents,” said Darren Bush, a former antitrust attorney for the U.S. Department of Justice and a professor of antitrust law at the University of Houston.

    A spokesman for McClendon declined comment. McClendon left Chesapeake last April and now runs a new company, American Energy Partners.

    Market allocation agreements between competitors are illegal under the Federal Sherman Antitrust Act and Michigan’s Antitrust Reform Act.

    Encana and Chesapeake executives had been hoping for a civil resolution in Michigan.

    As recently as February 14, an attorney representing Encana Corp told a judge in a civil antitrust-related case in Michigan that both Encana and Chesapeake were working toward a settlement with the state attorney general that could end his office’s criminal investigation into the firms.

    The U.S. Department of Justice has been looking into the possibility of anticompetitive practices in the purchase and lease of oil and gas properties in Michigan and elsewhere. That investigation is ongoing, the DOJ told Reuters last month.

    “Michigan is out in front, but the big question now is what the DOJ will do,” said Harry First, an antitrust law professor at New York University. “That inquiry could be more serious in terms of fines, and what happens in Michigan could affect the companies’ ability to defend against a federal case.”

    DOJ spokeswoman Gina Talamona declined comment.

    Chesapeake and Encana are expected to be arraigned on March 19 in a Michigan state court in Cheboygan County, the Attorney General’s office said.

    (Reporting By Joshua Schneyer in New York, Brian Grow in Atlanta and Anna Driver in Houston. Editing by Ross Colvin and Peter Henderson)

    – See more at: http://cc.bingj.com/cache.aspx?q=Chicago+anti-trust+McClendon+&d=4554908882179412&mkt=en-US&setlang=en-US&w=7uPKgqAoIMgXVTq49t3LlaB0A3z2k9y_#sthash.1ONTzgpw.dpuf

    These articles are disappearing from the web rather quickly.

  2. http://news.muckety.com/2009/04/29/chesapeake-energy-accused-of-giving-ceo-mcclendon-personal-bailout/14991

    • Furious shareholders are demanding to know why directors of Oklahoma City-based Chesapeake Energy Corp. paid CEO Aubrey McClendon $112 million last year, purchased his personal art collection and co-sponsored his basketball team, even as the company’s stock price tumbled.

      The directors, who include former Oklahoma Gov. Frank Keating and former Oklahoma Sen. Don Nickles, paid McClendon more than four times what he had earned the year before. In fact, the package was one of the most generous paid to any corporate executive last year.

  3. Very strange that they won’t name the two large oil and gas companies.

    This was said to be Chesapeake’s competitor


    US investors in Egypt? Lot’s of BIG names in that muckety, as in the Board of Chesapeake…same old, same old.

  4. Aubrey McClendon teaming with Vicente Fox to drill in Mexico
    Sep 1, 2015

  5. McClendon Plans to Spend 100 Million in Australia


    • Oil and gas maven Aubrey McClendon has spent big on shale plays across the U.S., especially in Ohio. But now McClendon, founder of Chesapeake Energy Corp. (NYSE:CHK), is shifting his gaze down under.
      McClendon’s new company, American Energy Partners LP, has signed a non-binding letter of intent with a Brisbane, Australia, company called Armour Energy Ltd., the Aussie company said Thursday. The five-year, $100 million agreement gives McClendon a 75 percent stake in 21.5 million acres in northern Australia’s McArthur Basin, and marks the first time McClendon will work overseas.

    • bnm,.


  6. MarkWest, Ascent Resources plan $1B pipeline in Ohio
    Aug 18, 2015, 10:34am EDT

    MarkWest Energy Partners LP (NYSE: MWE) and American Energy Partners LP’s Ascent Resources – Utica LLC subsidiary announced a $1 billion pipeline that will carry natural gas from just across the Ohio border in Jefferson and Belmont counties. The pipeline system will be primarily for Ascent’s dry gas to start but it could be used for other producers if they sign up, according to a story by Columbus Business First’s Tom Knox.

    Two of the biggest players in Ohio’s Utica shale are teaming up for a $1 billion pipeline system.
    Midstream company MarkWest Energy Partners LP, which just a month ago announced plans to merge with Findlay-based Marathon Petroleum Corp. (NYSE:MPC), will build a gathering system that initially takes natural gas from northern Belmont and Jefferson counties, the company (NYSE:MWE) said Thursday.

    The system is pinned on a large commitment from Ascent Resources – Utica LLC, an Appalachian drilling subsidiary of American Energy Partners LP that recently changed its name from American Energy – Utica LLC.

    Utica shale pioneer Aubrey McClendon founded American Energy Partners in 2013. He’s now involved in legal battles over Ohio land and data disputes.
    Ascent has about 280,000 acres in the area’s Utica and Marcellus shale plays; it’s dedicating 100,000 acres in the two Ohio counties to the pipeline. MarkWest says the gathering system could send 2 billion cubic feet per day of dry gas through more than 250 miles of pipeline, with initial transport to start by the end of the year.

    “Our system will be a critical new gathering option, and we anticipate total investment could exceed $1 billion over the next three years,” MarkWest CEO Frank Semple said in the announcement.
    Denver-based MarkWest already has a considerable presence in eastern Ohio, including a gathering system joint venture called Ohio Gathering that stretches from Harrison County through Belmont, Guernsey, Monroe and Noble counties. It’s worked with Ascent before
    MarkWest will develop the gathering system via a joint venture with the Energy & Minerals Group, the major investor in Ascent Resources. McClendon, founder of Chesapeake Energy Corp. (NYSE:CHK), the biggest driller in Ohio, was formerly CEO of American Energy-Utica. He still retains an equity interest in the company.


  7. Aubrey McClendon’s Ohio-focused driller changes name to Ascent Resources
    Jun 10, 2015
    The natural gas drilling company that swept into Ohio leasing swaths of acreage is changing its name.
    There will be no more “Utica” for the company founded by shale wildcatter Aubrey McClendon.

    American Energy Appalachia Holdings LLC, which includes the American Energy-Utica subsidiary, will become Ascent Resources LLC and transition into a standalone company. The Oklahoma City company had been a key part of American Energy Partners LP, which has shale-specific companies throughout the U.S.
    Ascent was created in December when AEP’s Marcellus and Utica shale subsets merged. The company said it has contemplated making the new Ascent independent since McClendon founded it in September 2013.
    Company officials said late Tuesday they raised $1.4 billion.


  8. American Energy Partners LP is combining its two Appalachian shale-gas production subsidiary companies into one business that controls more than 300,000 acres in eastern Ohio and West Virginia.

    American Energy- Utica LLC, which focuses on Ohio natural gas exploration and drilling, and American Energy-Marcellus LLC, which concentrates on the Marcellus play in West Virginia, will merge to form American Energy Appalachia Holdings LLC.

  9. Thanks Seek sorry for all the posts, didn’t want to lose the stories before they were wiped from the net.

    some interesting news

    Shell Suggests Petrobras Should Cede Some Drilling Rights to Foreign Firms


    Big Oil moves to drill in Brazil, but not because things improved


    Pampa-Energia Offers $12B to Aquire Stake in Petrobas Argentinia


  10. The elite banksters would never rig bids that’s why they are never charged with things like this .
    He was not in the “club”.

  11. One more thing – names ……

    NOTICE IS HEREBY GIVEN that the Applicant in this Cause is requesting that the Commission issue an Order pooling the interests and adjudicating the rights and equities of the oil and gas owners in the drilling and spacing units described in the caption hereof for the Hartshorne, Bartlesville, Savanna, Upper Booch, Middle Booch and Lower Booch common sources of supply, all to be upon such terms and conditions as are just and reasonable and which will afford all of such owners the opportunity to recover or receive without unnecessary expense their just and fair share of all hydrocarbon substances produced therefrom, and that the Commission make definite provisions for the payment of all actual costs and expenses, not to exceed reasonable costs and expenses of drilling and development, including a reasonable charge for supervision. …


  12. Ex-CEO Of SandRidge Energy Alleged Co-Conspirator To Fix Oil Prices


  13. I wonder if this would have gone before the Supreme Court and how Justice Scalia would have voted……

  14. Possible Replacement for Scalia in the U.S. Supreme Court

    Greens wary of Sri Srinivasan’s fossil fuel past

    His work as an attorney representing Enron’s former CEO and ExxonMobil raises hackles among some eco-activists.

    By Elana Schor
    02/17/16 05:18 AM EST

    “The federal appellate court judge has emerged as an early favorite to replace the late Justice Antonin Scalia, given Srinivasan’s sterling educational and professional credentials, his bipartisan work history and his inspiring biography as an immigrant who has risen to the highest ranks of the legal profession. But his history of representing large corporations runs the risk of alienating Obama allies looking to gauge his still-developing record on key liberal priorities.


  15. I’m thinking there’s a connection here somewhere to Scalia and the Honest Service Clause

    “Honest services” law in jeopardy?

    Last February, Justice Antonin Scalia launched one of the verbal broadsides for which he is so well known — this time, a blast at the federal “honest services” law, a law that dates from 1988. Though that law “consists of only 28 words,” Scalia noted,

    it has been “invoked to impose criminal penalties upon a staggeringly broad swath of behavior, including misconduct not only by public officials and employees but also by private employees and corporate fiduciaries…Without some coherent limiting principle to define what ‘the intangible right of honest services’ is, whence it derives, and how it is violated, this expansive phrase invites abuse by headline-grabbing prosecutors in pursuit of local officials, state legislators, and corporate CEOs who engage in any manner of unappealing or ethically questionable conduct.”

    Dissenting alone as the Court denied review in Sorich, et al., v. U.S. (08-410), Scalia said he would have granted review to “squarely confront both the meaning and the constitutionality” of the statute, known as Section 1346. “Indeed,” he concluded, “it seems to me quite irresponsible to let the current chaos prevail.”

    That was in February. Since then, at least four Justices — the number it takes to grant review of a case — have been willing to “squarely confront” at least the meaning, if not also the constitutionality, of Section 1346, and to do so repeatedly. Three times — once in May, once in June and once on Tuesday — the Court has voted to hear cases testing the scope of the “honest services” law. Each time, it has done so by turning aside arguments against review by the U.S. Solicitor General.


    Almost from the day Congress enacted the law specifying that fraud can be committed by denying someone the ‘intangible right” to one’s “honest services,” lower courts have struggled to define just what kind of wrongdoing would fit within that concept. Perhaps to illustrate just how uncertain the meaning of the law is, the Justices themselves could not agree on Thursday on how to read the string of lower court decisions that have interpreted the law; six Justices thought the pattern of those rulings was quite clear and definite, but three other Justices said the rulings were a hodgepodge.

    The three Justices who read those rulings as varying widely would have struck down the law as unconstitutionally vague. But the other six Justices proceeded on the premise that the Court’s duty was “to construe, not condemn, Congress’ enactments.” And the construction those Justices put on the law was that it criminalizes “bribes and kickbacks — and nothing more.”

    Those parts of the ruling, in the main opinion written by Justice Ruth Bader Ginsburg, had the support of Chief Justice John G. Roberts, Jr., and Justices Samuel A. Alito, Jr., Stephen G. Breyer, Sonia Sotomayor and John Paul Stevens. Justices Antonin Scalia — a long-time critic of the “honest services” law — would have struck down the law as too vague to satisfy the Constitution. His opinion had the support of Justices Anthony M. Kennedy and Clarence Thomas.


    On June 24, 2010, the Supreme Court ruled unanimously in the cases of Black and Skilling that the law against “honest services” fraud is too vague to constitute a crime unless a bribe or kickback was involved.

  16. John Poindexter


    Citation Oil and Gas Corp Privately Held

    just looking

  17. !!!!
    Sinopec completes Chesapeake deal
    English.news.cn 2013-06-29 16:01:07 RSS Feedback Print Copy URL More
    BEIJING, June 29 (Xinhua) — China Petrochemical Corporation (Sinopec) said on Saturday that it has completed the purchase of 50 percent of Chesapeake’s share in its Mississippi Lime assets for 1.02 billion U.S. dollars.

    Chesapeake is the second-largest natural gas developer in the United States and its Mississippi Lime oil and natural gas assets are in northern Oklahoma.

    Sinopec signed the agreement with Chesapeake on Feb. 23 through its wholly-owned subsidiary Sinopec International Petroleum Exploration and Production Corporation.

    The deal means Sinopec acquires 425,000 acres (171,991 hectares) in the Mississippi Lime shale formation, with estimated proven and probable (2P) oil equivalent of 245 million barrels.

    Sinopec bought one-third of the Devon Energy Corporation’s gas reserves for 2.5 billion U.S.dollars in 2012.

    Limestone gas, along with shale gas and coalbed methane, is considered to be a source of unconventional gas.

    Get This

    McClendon Replaced On Chesapeake Board
    Report also claiming Chinese interested in buying assets in U.S.

    June 22, 2012
    By CASEY JUNKINS Staff Writer , The Intelligencer / Wheeling News-Register
    Save | Post a comment |
    WHEELING – Aubrey McClendon is being replaced as chairman of Chesapeake Energy board of directors by Archie Dunham who now will lead the most active natural gas producing company in the Ohio Valley.

    Chesapeake officials made the announcement Thursday regarding Dunham amid published reports that China-based Sinopec Corp. is contemplating a multibillion-dollar bid for company assets across the U.S.

    “Under Aubrey’s leadership, Chesapeake has built an extraordinary portfolio of natural gas and oil assets in creating one of the world’s leading energy companies,” said Dunham, former chairman of global oil giant ConocoPhillips. ”


    can you say ENRON?

    • https://en.wikipedia.org/wiki/Archie_W._Dunham

      Dunham was previously a director of DuPont, Phelps Dodge, Pride International, Union Pacific and Louisiana-Pacific.

      He was past Chairman of the United States Energy Association, the National Petroleum Council and the National Association of Manufacturers.

      He is also a member of the Deutsche Bank advisory board of directors.

      • i bet his body was “charred beyond recognition”.. quite possibly “driving alone” & “not wearing belts”..ya know ..that sorta stuff 🙂

        no autopsy and was quickly cremated,,, well cremation probably ‘d be an overkill

  18. Police finds nothing to suggest US oil tycoon committed suicide


    Police in Oklahoma City say they have found no evidence Chesapeake Energy co-founder Aubrey McClendon committed suicide when he died in a fiery car crash in March.
    McClendon’s car hit a concrete bridge abutment at 125 kilometers per hour just a day after a Federal grand jury indicted him for allegedly rigging the price of oil and gas leases. The car was completely destroyed.

  19. out of topic Seek r you watching the final game 3 ?

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